SBI Mutual Fund

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, the 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.

SBIMF 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.

As of March 2019, the SBI Mutual Fund manages assets worth Rs 2.83 Lakh Crore. In early 2019, it moved past Aditya Birla and HDFC Mutual Funds to emerge as the 3rd largest Mutual Fund body in India based on Assets under Management or AUM.

The SBIMF is registered with the Securities and Exchange Board of India or SEBI.

According to the latest reports, the SBI Bank Mutual Fund has witnessed a 7% growth in AUM in 2019. This is more than any other competing MF.

Key information

Mutual fundSBI Mutual Fund
FoundedJune 30, 1987
IncorporatedFebruary 7, 1992
SponsorsState Bank of India
TrusteeSBI Mutual Fund Trustee Company Private Limited
MD and CEOMrs. Anuradha Rao
CIOMr. Navneet Munot
Compliance OfficerMs. Vinaya Datar

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How can you invest in Sbi Mutual Funds?

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.

Top Performing Sbi Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
SBI Magnum Medium Duration FundDebtModerate11.9%5star1,942
SBI Magnum Children’s Benefit FundSolution OrientedModerately High5.5%5star63
SBI Small Cap FundEquityModerately High10.6%5star2,704
SBI Focused Equity FundEquityModerately High21.0%5star5,726
SBI Magnum Constant Maturity FundDebtModerately Low15.3%5star451
SBI Multi Asset Allocation FundHybridModerate13.2%5star258
SBI Banking & Financial Services FundEquityHigh26.5%5star1,128
SBI Credit Risk FundDebtModerate8.3%4star5,211
SBI Magnum Income FundDebtModerate12.2%4star1,197
SBI Equity Hybrid FundHybridModerately High17.2%4star30,551
SBI Technology Opportunities FundEquityHigh9.9%4star159
SBI Magnum Ultra Short Duration FundDebtLow8.7%4star8,427
SBI Magnum Multi Cap FundEquityModerately High16.4%4star8,073
SBI Banking & PSU FundDebtModerate11.2%4star2,703
SBI Magnum COMMA FundEquityHigh10.3%4star248
View All Top Performing Sbi Mutual Funds

Top Fund Managers

This is the list of people who have made SBI Mutual Fund investment as an attractive alternative in a fiercely competitive market.

1. Mr. Ashwani Bhatia

Mr. Bhatia started his career with the State Bank of India at the entry level- as a Probationary Officer in 1985. He is a Deputy Managing Director of the SBI and is on loan to the SBI Mutual Funds Management Board since July 2018.

He is currently the MD and CEO of SBI Mutual Funds.

Over a lifetime spent in banking, Mr. Bhatia has acquired immense experience in credit and treasury, International Banking and Retail. He was the Chief General Manager of SBI when the Corporate Credit Structures was revamped. He has also served as the Chief General Manager of the SME (Small and Medium Enterprises) at the bank for a number of years.

2. Mr. Nicholas Simon

Mr. Simon has served as the Deputy CEO of the SBI MF Group since 2015 when he was deputed from the Amundi Group of France, which holds a significant share in the controlling company. Mr Simon has served as the CEO of Real Estate and also as the CAAM for Real Estate from 2006-2015.

Mr Simon has completed his Post Graduation in Law from the Pantheon-Assas University in Paris. He is also Master of Business Management from the Toulouse School of Business. He represents the interests of the Amundi Group on the Board.

Mr Simon has had a wide exposure to International Banking. He has been associated as the Head of Property at Henderson Real Estate in France from 2003-2005. Before that, he was the CEO of Generali Real Estate from 1996-2002.

As the Deputy CEO of SBI Life Insurance, Mr Simon has brought with him a vast experience in matters related to market trends, controlling inflation and beating the competition.

3. Mr. R. S. Srinivas Jain

Mr. Jain has worked with the State Bank of India for nearly 20 years, and has an experience of more than 30 years in Financial Services. He is currently the Executive Director & Chief Marketing Officer of Strategy and International Business at SBI Mutual Funds.

He is a Graduate in Commerce from the University of Bangalore and has a background in Cost Accountancy.

Mr. Jain has been credited with the market domination of the SBI-backed MFs. Under his leadership, the SBI Mutual Fund was awarded twice in consecutive years from CNBC Awaaz as the ‘Most Preferred Brand.’ He has also been instrumental in the brand being recognised as a valuable destination for Investment Management by Reader’s Digest.

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4. Mr. D.P. Singh

Mr. Singh is currently the Executive Director & Chief Marketing Officer of the SBI Mutual Funds domestic business. Prior to that, he was the National Sales Head of SBI. Mr. Singh is a Post Graduate in Commerce, and has completed his Post Graduate Diploma in PMIR (Personnel Management & Industrial Relations). He has been associated with the SBI since 1998.

Mr. Singh has been widely credited with carving out a space for the SBI Mutual Fund in both rural and urban consumer demographics. He has been at the forefront of the SBI’s forays in Retail Banking and Information Technology initiatives. He takes keen interest in economics and public affairs.

5. Ms. Aparna Nirgude

Ms. Nirgude serves as the Chief Risk Officer at SBI Mutual Funds. She has been with the Risk division since 2005. An alumnus of the Jamnalal Bajaj Institute of Management Studies, she has previously served as the Research Head at SBI MF.

She has previously managed the Investment Management section of the top SBI Mutual Funds as well.

6. Mr. Rahul Mayor

Mr. Mayor serves as the Chief Investor Relations Manager at SBI Mutual Fund. He has over 19 years of experience in Retail Banking, analytics, business management, investor relations and distributor value propositions. He has a PGDM in Finance and joined SBIMFPL in 2017.

In the past, he has also worked with Franklin Templeton Asset Management and Sundaram Asset Management Company Limited. He brings with him years of knowledge and experience in the global Mutual Funds market to SBI Mutual Fund.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

SBI Magnum Medium Duration Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Medium Duration segment. It has given a commendable 9.36% annual returns in the last three years. In the previous year, it delivered 11.92% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM1,942Cr
1Y Returns11.9%

SBI Magnum Children's Benefit Fund Direct

Fund Performance: This fund has consistently performed above the benchmark in Children's segment. It has given a commendable 9.88% annual returns in the last three years. In the previous year, it delivered 5.48% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Solution Oriented mutual funds in India.

Min Investment Amt₹0
AUM63Cr
1Y Returns5.5%

SBI Small Cap Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Small Cap segment. It has given a commendable 12.83% annual returns in the last three years. In the previous year, it delivered 10.56% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹0
AUM2,704Cr
1Y Returns10.6%

SBI Focused Equity Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Focused segment. It has given a commendable 13.96% annual returns in the last three years. In the previous year, it delivered 21.02% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹0
AUM5,726Cr
1Y Returns21.0%

SBI Magnum Constant Maturity Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Gilt segment. It has given a commendable 10.26% annual returns in the last three years. In the previous year, it delivered 15.33% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM451Cr
1Y Returns15.3%

SBI Multi Asset Allocation Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Multi Asset Allocation segment. It has given a commendable 8.34% annual returns in the last three years. In the previous year, it delivered 13.19% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹0
AUM258Cr
1Y Returns13.2%

SBI Banking & Financial Services Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Sectoral/Thematic segment. It has given a commendable 18.37% annual returns in the last three years. In the previous year, it delivered 26.51% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹0
AUM1,128Cr
1Y Returns26.5%

SBI Credit Risk Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Credit Risk segment. It has given a commendable 7.59% annual returns in the last three years. In the previous year, it delivered 8.29% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM5,211Cr
1Y Returns8.3%

SBI Magnum Income Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Medium to Long Duration segment. It has given a commendable 8.3% annual returns in the last three years. In the previous year, it delivered 12.16% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM1,197Cr
1Y Returns12.2%

SBI Equity Hybrid Fund Direct Plan Growth

Fund Performance: This fund has consistently performed above the benchmark in Aggressive segment. It has given a commendable 11.64% annual returns in the last three years. In the previous year, it delivered 17.24% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹0
AUM30,551Cr
1Y Returns17.2%

SBI Technology Opportunities Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Sectoral/Thematic segment. It has given a commendable 15.33% annual returns in the last three years. In the previous year, it delivered 9.92% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹0
AUM159Cr
1Y Returns9.9%

SBI Magnum Ultra Short Duration Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Ultra Short Duration segment. It has given a commendable 7.66% annual returns in the last three years. In the previous year, it delivered 8.67% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹5,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM8,427Cr
1Y Returns8.7%

SBI Magnum MultiCap Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Multi Cap segment. It has given a commendable 11.69% annual returns in the last three years. In the previous year, it delivered 16.36% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹0
AUM8,073Cr
1Y Returns16.4%

SBI Banking and PSU Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Banking & PSU segment. It has given a commendable 8.47% annual returns in the last three years. In the previous year, it delivered 11.21% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹0
AUM2,703Cr
1Y Returns11.2%

SBI Magnum COMMA Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Sectoral/Thematic segment. It has given a commendable 8.04% annual returns in the last three years. In the previous year, it delivered 10.35% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹0
AUM248Cr
1Y Returns10.3%

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