The SBI Mutual Fund Trustee Company Private Limited was set up as a trust under the Trust Act of 1882. This Trust controls the SBI Mutual Fund, one of India’s largest and oldest MFs. The SBI Mutual Fund is a Joint Venture (JV) between one of India’s largest and most profitable banks, the State Bank of India, and Amundi, which is a French asset management company.
The SBI Mutual Fund was set up on June 29, 1987 and was incorporated on February 7, 1992. It was India’s second Mutual Fund after the Unit Trust of India started operations in 1963. In July 2004, SBI decided to divest 37% of the Fund and roped in Amundi as a partner.
Amundi is an asset management major created jointly by Crédit Agricole and Société Générale.
SBI MF has many firsts to its name. It was the first Indian Mutual Fund player to launch a ‘Contra’ fund, called the SBI Contra Fund. In 2013, SBI Mutual Fund India acquired Daiwa Mutual Fund, part of the Daiwa Group of Japan.
SBI Mutual Fund is the first in India to launch an ESG Fund. An acronym for Environment, Social and Governance, the fund provides resources for sustainable investment in major markets.
In 2015, the Employees’ Provident Fund of India invested Rs 5,000 Crore for the first time in a Mutual Fund in India via SBIMF Sensex ETFs or Exchange Traded Funds.
The SBI MF is registered with the Securities and Exchange Board of India or SEBI.
| Fund Name | Category | Risk | NAV | Expense Ratio | 1Y Returns | 3Y Returns | 5Y Returns | 7Y Returns | 10Y Returns | Rating | Fund Size (in Cr) | Exit Load |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBI Gold Direct Plan-Growth | Commodities | High | 45.77 | 0.25 | 54.0% | 34.3% | 24.6% | 23.9% | 16.6% | 4 | ₹14,997 | Exit load of 1% if redeemed within 15 days. |
SBI PSU Direct Plan-Growth | Equity | Very High | 40.34 | 0.85 | 17.6% | 33.9% | 29.9% | 21.0% | 16.6% | -- | ₹5,891 | Exit load of 0.50% if redeemed within 30 days. |
SBI Small Cap Fund | Equity | Very High | 191.04 | 0.74 | 1.9% | 15.1% | 16.8% | 19.4% | 18.8% | 2 | ₹32,285 | Exit load of 1% if redeemed within 1 year |
SBI Contra Direct Plan-Growth | Equity | Very High | 405.99 | 0.73 | 0.7% | 17.7% | 20.7% | 19.4% | 16.7% | 5 | ₹43,753 | Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days. See more |
SBI Magnum Children's Benefit Fund | Hybrid | Very High | 48.21 | 0.82 | 7.3% | 24.1% | 32.8% | -- | -- | 5 | ₹5,052 | With respect to units not subject to lock-in period and the holding period is less than
3 years: Exit load of 3% if redeemed within 1 year, 2% if redeemed after 1 year but within 2 year, 1% if redeemed after 2 year but within 3 year. See more |
SBI Large & Midcap Fund | Equity | Very High | 686.03 | 0.75 | 7.8% | 17.9% | 18.1% | 16.9% | 15.9% | 4 | ₹34,870 | Exit load of 0.10% if redeemed within 30 days. |
SBI Silver ETF FoF Direct-Growth | Commodities | Very High | 25.42 | 0.33 | 142.6% | -- | -- | -- | -- | -- | ₹3,623 | Exit load of 1%, if redeemed within 15 days. |
SBI ELSS Tax Saver Fund | Equity | Very High | 462.92 | 0.93 | 2.4% | 22.1% | 19.6% | 17.4% | 15.4% | 5 | ₹28,441 | - |
SBI Large Cap Direct Plan-Growth | Equity | Very High | 101.60 | 0.79 | 3.5% | 13.6% | 13.3% | 13.6% | 13.2% | 4 | ₹48,925 | Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days. See more |
SBI Children's Fund | Hybrid | Very High | 48.52 | 0.88 | 13.7% | 24.7% | 27.2% | -- | -- | 5 | ₹5,157 | With respect to units not subject to lock-in period and the holding period is less than
3 years: Exit load of 3% if redeemed within 1 year, 2% if redeemed after 1 year but within 2 year, 1% if redeemed after 2 year but within 3 year. See more |
SBI Nifty Next 50 Index Fund | Equity | Very High | 19.34 | 0.31 | 6.7% | 22.4% | -- | -- | -- | 3 | ₹1,711 | Exit load of 0.25% if redeemed within 30 days. |
SBI Mid Cap Direct Plan-Growth | Equity | Very High | 263.49 | 0.85 | 2.8% | 17.7% | 18.0% | 19.0% | 15.3% | 3 | ₹20,576 | Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days. See more |
SBI Multi Asset Allocation Fund | Hybrid | Very High | 72.94 | 0.67 | 16.0% | 18.6% | 15.5% | 14.6% | 12.5% | 4 | ₹16,149 | For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months See more |
SBI Equity Hybrid Fund | Hybrid | Very High | 341.44 | 0.71 | 6.8% | 15.7% | 13.3% | 13.3% | 13.1% | 3 | ₹76,291 | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days See more |
SBI Energy Opportunities Fund | Equity | Very High | 11.43 | 0.79 | 11.1% | -- | -- | -- | -- | -- | ₹7,804 | Exit load of 1%, if redeemed within 30 days. |
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| Mutual fund name | SBI Mutual Fund |
| Asset management company name | SBI Mutual Fund |
| AMC Setup Date | 29 Jun 1987 |
| AMC Incorporation Date | 29 Jun 1987 |
| Sponsor name | State Bank of India and AMUNDI |
| Trustee organisation | SBI Mutual Fund Trustee Company Private Limited |
| CIO | Rama Iyer Srinivasan(Chief Investment Officer-Equity), Rajeev Radhakrishnan(Chief Investment Officer-Debt) |
| MD | Mr Vinay M Tonse |
| CEO | Nand Kishore(Chief Executive Officer) |
| Compliance Officer | Ms. Vinaya Datar |
| Investor Service Officer | Mr CA Santosh |
| Total AUM (as of end of last quarter) | ₹11,46,810.93Cr |
| Address | 9th Floor & Unit no. 1002, 1003 and 1004 of 10th floor,Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex,Bandra (East) Mumbai 400051 |
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Mutual Fund investment not only provides a lot of benefits but can also help in reducing the risk by investing in diverse portfolios. If you are looking to invest in SBI Bank Mutual funds, such an investment can be made online as well as offline. The SBI mutual fund application via offline mode can be done by filling up an investment application form. If you prefer to do it online, the prerequisites of how can you invest in SBI MF online is given below.
However, you can also invest in SBI Mutual Funds online on Groww; the steps for which are given below:
Investing in the most profitable SBI Mutual Fund online is easy and a relatively hassle-free process. Read the process listed below to set up your account in no time at all.
Step 1: First, log in to your Groww account. If you do not have an account, you can register and create a new one right away.
Step 2: Upload your Identification documents. Valid documents include Aadhaar, PAN, Voter ID card, Passport, Driving License, ID issued by either Central or State government.
Step 3: Upload an address proof. Any identifying document that carries your permanent address is valid.
Step 4: Determine your investment’s duration.
Step 5: Determine risk amount- whether it is high, low or medium risk.
Step 6: Select the best SBI Mutual Fund according to your criteria.
Step 7: If you wish to invest a lumpsum amount, click on “Invest One Time.” Alternatively, you can start an SIP by clicking on “Start SIP.”
Your SBI Mutual Fund investment will reflect in your personal Groww account within 3-4 working days.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 34.32% & 24.55%. The SBI Gold Direct Plan-Growth comes under the Commodities category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Gold Direct Plan-Growth is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹14,997Cr |
| 1Y Returns | 54.0% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 33.86% & 29.95%. The SBI PSU Direct Plan-Growth comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI PSU Direct Plan-Growth is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹5,891Cr |
| 1Y Returns | 17.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.06% & 16.77%. The SBI Small Cap Fund comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Small Cap Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹32,285Cr |
| 1Y Returns | 1.9% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.67% & 20.71%. The SBI Contra Direct Plan-Growth comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Contra Direct Plan-Growth is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹43,753Cr |
| 1Y Returns | 0.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 24.11% & 32.78%. The SBI Magnum Children's Benefit Fund comes under the Hybrid category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Magnum Children's Benefit Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹5,052Cr |
| 1Y Returns | 7.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.86% & 18.11%. The SBI Large & Midcap Fund comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Large & Midcap Fund is ₹5,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹34,870Cr |
| 1Y Returns | 7.8% |
Fund Performance: The SBI Silver ETF FoF Direct-Growth comes under the Commodities category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Silver ETF FoF Direct-Growth is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹3,623Cr |
| 1Y Returns | 142.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.05% & 19.62%. The SBI ELSS Tax Saver Fund comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹28,441Cr |
| 1Y Returns | 2.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.61% & 13.32%. The SBI Large Cap Direct Plan-Growth comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Large Cap Direct Plan-Growth is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹48,925Cr |
| 1Y Returns | 3.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 24.72% & 27.22%. The SBI Children's Fund comes under the Hybrid category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Children's Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹5,157Cr |
| 1Y Returns | 13.7% |
Fund Performance: The SBI Nifty Next 50 Index Fund comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Nifty Next 50 Index Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,711Cr |
| 1Y Returns | 6.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.69% & 18.01%. The SBI Mid Cap Direct Plan-Growth comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Mid Cap Direct Plan-Growth is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹20,576Cr |
| 1Y Returns | 2.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.6% & 15.49%. The SBI Multi Asset Allocation Fund comes under the Hybrid category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Multi Asset Allocation Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹16,149Cr |
| 1Y Returns | 16.0% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.74% & 13.33%. The SBI Equity Hybrid Fund comes under the Hybrid category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Equity Hybrid Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹76,291Cr |
| 1Y Returns | 6.8% |
Fund Performance: The SBI Energy Opportunities Fund comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for SBI Energy Opportunities Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,804Cr |
| 1Y Returns | 11.1% |
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