Top 10 Sbi Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
SBI Magnum Constant Maturity FundDebtModerately Low18.9%5star445
SBI Magnum Medium Duration FundDebtModerate11.9%5star1,842
SBI Corporate Bond FundDebtModerateN.A4star0
SBI Magnum Low Duration FundDebtModerately Low9.1%4star7,534
SBI Credit Risk FundDebtModerate8.1%4star5,239
SBI Magnum Income FundDebtModerate12.5%4star1,204
SBI Banking & PSU FundDebtModerate11.0%4star2,615
SBI Magnum Gilt FundDebtModerate17.1%4star1,639
SBI Dynamic Bond FundDebtModerate15.6%4star1,126
SBI Short Term Debt FundDebtModerately Low10.8%3star7,605
SBI Savings FundDebtModerately Low8.9%3star9,496
SBI Dual Advantage Fund - Series XXVDebtModerately High8.1%3star2,527
SBI Dual Advantage Fund - Series XXVIIIDebtModerately High8.4%3star872
SBI Liquid FundDebtLow7.2%2star55,085
SBI Overnight FundDebtLow6.3%1star2,447
View All Top 10 Sbi Mutual Funds

Best SBI Debt Mutual Funds

With a robust and wealthy history of the State Bank of India cluster, SBI Funds Management Pvt. Ltd. has been serving to millions of investors through their years of experience. With a wide network of over 222 service points across India, SBI has been delivering to value and create trust amongst investors. They have systematically delivered the optimum worth to its investors over the years. SBI Funds Management company has joined the key players within the Indian investment trust business with an array of funds in multiple sectors like money establishments, native and international quality management corporations, pension funds, etc. SBI MF has conjointly unified end-to-end made-to-order quality management product for establishments, discretionary and non-discretionary portfolio management services.

SBI Funds Management has been effectively managing and guiding India’s dedicated offshore funds since 1988. SBI Funds Management is famed because it was the 1st bank to come up with ‘SBI Resurgent Asian nation Opportunities Fund’. The target for these funds was to supply investors with never-before opportunities in semi-permanent growth in capital in a very kind of stocks of Indian corporations.

If you are saving for very short-term goals like a vacation or buying an automobile, then this category is ideal for gains within one year. It is also an excellent resort to park your money until you decide where to invest or spend next. Returns are taxed as per your income tax slab if sold before three years and have negligible tax post that period.

Purpose: Invest here for your short term goals like a vacation, buying a bike, jewelry or expensive gadget.

Let's have a closer look

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

SBI Magnum Constant Maturity Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 10.77% annualized returns in the last 3 years. In the last 1 year, it gave 18.87% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 18.87% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date01 Jan 2013
Min Investment Amt5,000
AUM445Cr
1Y Returns18.9%

SBI Magnum Medium Duration Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium Duration segment and provided 9.48% annualized returns in the last 3 years. In the last 1 year, it gave 11.93% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 11.93% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date27 Jan 2013
Min Investment Amt5,000
AUM1,842Cr
1Y Returns11.9%

SBI Corporate Bond Fund Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Corporate Bond segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -100% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -100% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹-1. This is one of the best Debt mutual fund in India.

Launch Date
Min Investment Amt5,000
AUM0Cr
1Y Returns-100.0%

SBI Magnum Low Duration Fund Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 7.7% annualized returns in the last 3 years. In the last 1 year, it gave 9.14% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.14% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt5,000
AUM7,534Cr
1Y Returns9.1%

SBI Credit Risk Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Credit Risk segment and provided 7.57% annualized returns in the last 3 years. In the last 1 year, it gave 8.06% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.06% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date01 Jan 2013
Min Investment Amt5,000
AUM5,239Cr
1Y Returns8.1%

SBI Magnum Income Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium to Long Duration segment and provided 8.45% annualized returns in the last 3 years. In the last 1 year, it gave 12.48% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 12.48% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt5,000
AUM1,204Cr
1Y Returns12.5%

SBI Banking and PSU Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Banking & PSU segment and provided 8.42% annualized returns in the last 3 years. In the last 1 year, it gave 11.02% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 11.02% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date06 Jan 2013
Min Investment Amt5,000
AUM2,615Cr
1Y Returns11.0%

SBI Magnum Gilt Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 9.27% annualized returns in the last 3 years. In the last 1 year, it gave 17.13% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 17.13% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date01 Jan 2013
Min Investment Amt5,000
AUM1,639Cr
1Y Returns17.1%

SBI Dynamic Bond Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Dynamic segment and provided 9.03% annualized returns in the last 3 years. In the last 1 year, it gave 15.63% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 15.63% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt5,000
AUM1,126Cr
1Y Returns15.6%

SBI Short Term Debt Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Short Duration segment and provided 7.92% annualized returns in the last 3 years. In the last 1 year, it gave 10.77% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 10.77% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt5,000
AUM7,605Cr
1Y Returns10.8%

SBI Savings Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Money Market segment and provided 7.87% annualized returns in the last 3 years. In the last 1 year, it gave 8.93% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.93% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹500. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt500
AUM9,496Cr
1Y Returns8.9%

SBI Dual Advantage Fund Series XXV Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Marginal Equity segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave 8.11% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.11% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date04 Dec 2017
Min Investment Amt5,000
AUM2,527Cr
1Y Returns8.1%

SBI Dual Advantage Fund Series XXVIII Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Marginal Equity segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave 8.39% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.39% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date03 Jun 2018
Min Investment Amt5,000
AUM872Cr
1Y Returns8.4%

SBI Liquid Fund Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 7% annualized returns in the last 3 years. In the last 1 year, it gave 7.23% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.23% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt5,000
AUM55,085Cr
1Y Returns7.2%

SBI Overnight Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Overnight segment and provided 6.18% annualized returns in the last 3 years. In the last 1 year, it gave 6.32% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.32% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. . This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment Amt5,000
AUM2,447Cr
1Y Returns6.3%

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What does investing in SBI Debt Mutual Funds actually mean?

Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.

How to invest in SBI Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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