SBI Mutual Fund

SBI Mutual Fund is one of India's largest and oldest mutual fund companies, with over 36 years of experience in fund management. It is a joint venture between the State Bank of India (SBI), India's largest bank, and Amundi, a European asset management company. SBI Mutual Fund offers a wide range of mutual fund schemes across equity, debt, hybrid, and other categories, catering to the diverse needs of investors.

Investment Plans

Guaranteed Tax Savings
Under sec 80C & 10(10D)
₹1 Crore
Invest ₹10k per month*
Zero LTCG Tax

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Top performing plans with High Returns^**

Invest ₹10K/month & Get ₹1 Crore returns*

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Top Performing SBI Mutual Fund

Fund Name	Category	1-Year Returns	5-Years Returns	Fund Size
SBI Long Term Equity Fund	Equity	29.30%	17.82%	₹15,587
SBI Bluechip Fund	Equity	16.90%	15.64%	₹38,881
SBI Multi Asset Allocation Fund	Hybrid	19.20%	12.77%	₹1,615
SBI Magnum Children's Benefit Fund	Solution Oriented	3.40%	-	₹90
SBI Credit Risk Fund	Debt	8.90%	7.59%	₹2,734
SBI Magnum Income Fund	Debt	8.00%	8.42%	₹1,683
SBI Dynamic Bond Fund	Debt	8.10%	8.33%	₹3,016
SBI Gold Fund	Other	10.30%	12.18%	₹1,395
SBI Contra Fund	Equity	31.40%	23.07%	₹14,608
SBI Magnum Mid Cap Fund	Equity	20.90%	22.88%	₹12,555
SBI Consumption Opportunities Fund	Equity	17.00%	18.44%	₹1,575
SBI Large & Midcap Fund	Equity	19.00%	17.90%	₹14,682
SBI Conservative Hybrid Fund	Hybrid	11.40%	11.22%	₹8,691
SBI Magnum Gilt Fund	Debt	8.00%	8.85%	₹7,196
SBI Infrastructure Fund	Equity	31.70%	21.90%	₹1,209

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About SBI Mutual Fund

SBI Mutual Funds were launched on 29 June, 1987 and have been in operation for 36 years and 3 months. The assets under management (AUM) of SBI Mutual Fund are ₹791796.86 Crores as of 30th September 2023. Presently, the fund house provides an extensive range of mutual fund schemes across equity, debt, hybrid, and other categories.

It holds a substantial 17.83% share of the industry's Assets Under Management (AUM).

Highlights of SBI Mutual Fund:

Among its extensive portfolio of 139 primary schemes, SBI Mutual Fund offers a diverse range of investment options, including 39 equity funds, 77 debt schemes, 12 hybrid schemes, and 11 others, which encompass Exchange Traded-Funds (ETFs), index funds, and gold funds.
SBI holds a majority stake of 63% in SBI Funds Management Pvt. Ltd., while the remaining 37% is owned by AMUNDI Asset Management through its wholly-owned subsidiary Amundi India Holding.
The SBI Nifty 50 ETF, SBI S&P BSE Sensex ETF, and SBI Equity Hybrid Fund stand as the three flagship schemes of the fund house, each playing a significant role in the fund's offerings.

Key Information About SBI Mutual Fund

Asset Management Company Name	SBI Funds Management Ltd.
Mutual fund name	SBI Mutual Fund
Founded	June 29, 1987
MD and CEO	Shamsher Singh
AMC Incorporation Date	February 7, 1992
Trustee Organisation	SBI Mutual Fund Trustee Company Private Limited
Compliance Officer	Ms. Vinaya Datar
Investor Service Officer	Mr CA Santosh
Top Fund Managers	Mr. Nicholas Simon Mr. Ashwani Bhatia Mr. Rahul Mayor Mr. D.P. Singh Ms. Aparna Nirgude Mr. R. S. Srinivas Jain

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

What are the Documents Required for SBI Mutual Fund?

The following documents are required to invest in SBI Mutual Funds:

Proof of Identity
- Bank Passbook with photo
- Aadhaar Card
- Driving License
- Passport
- Voter ID Card
- PAN Card
- Post Office Passbook with photo
Proof of Address
- Aadhaar Card
- Driving License
- Bank Account Statement/Passbook maximum 3 months old
- Passport
- Voter ID Card
- Utility bills like Gas bill, Telephone bill (only landline) or Electricity bill, maximum 3 months old

How to Calculate SIP Returns from SBI Mutual Fund Schemes?

To assess the potential returns from your SIP investments in SBI Mutual Fund schemes, you can use the Policybazaar SIP calculator.

All you need to do is input the following details in the SIP calculator:

Investment Amount
Investment Duration
Expected Rate of Return
Frequency of Investment (weekly/ monthly/ quarterly/half-yearly/ annually)

FAQ's

How can we calculate returns on SBI Mutual Fund SIP?

To calculate returns on SBI Mutual Fund SIP, you can use the SIP calculator available on Policybazaar’s website.
Do SBI Mutual Fund schemes come with tax exemptions?

SBI Mutual Fund schemes are not entirely tax-free. The tax implications depend on factors like the type of scheme and the holding period.
What is the process for discontinuing an ongoing SIP in an SBI Mutual Fund scheme?

To cancel an ongoing SIP in an SBI Mutual Fund scheme, you can submit a written request to the nearest SBI Mutual Fund branch or through the third party online portal.
How can I increase the SIP amount in an SBI Mutual Fund scheme?
You have two options to augment the SIP amount in an SBI Mutual Fund scheme:
- You can initiate a fresh investment with the elevated SIP amount.
- You can begin an SIP with the top-up feature, enabling you to periodically boost your investment sum.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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