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SBI Mutual Fund: NAV, Performance & Schemes

SBI Mutual Fund was set up on June 29, 1987, and was incorporated on February 7, 1992. It is the first non-UTI Mutual Fund – a joint venture between the largest bank of India – State Bank of India and the leading global asset management company in France – AMUNDI. The SBI Mutual Fund Trustee Company Private Limited that regulates the SBI Mutual Fund was set up as a trust under the Trust Act of 1882.  

SBI Mutual Fund (SBIMF) offers various solution-oriented financial goals in the form of child education, planning of retirement, etc. Besides long-term investments, SBIMF caters to a myriad of other investment criteria like ETFs, equity schemes, Index Funds, hybrid plans, debt plans, and much more.

SBI AMC became the biggest AMC AUM wise in January from the 3rd position. As of July 2020,  SBI mutual fund house manages average assets worth Rs. 3,64,916 crores. The biggest and the best equity schemes of SBI Mutual Fund are SBI ETF Nifty 50 (with assets worth Rs. 67,765 crores) and SBI ETF Sensex ((with assets worth Rs. 26,642 crores). The third biggest fund of the AMC is SBI Bluechip, which is their large-cap fund. The scheme has an AUM of Rs. 20,783 crores as of July 2020.

As of 31-Mar-2021, the Corpus under management is Rs. 505373.4637 crores and the number of SBI Mutual Fund schemes is 322.

In 20 years of operation, the mutual fund has rewarded its investors beneficially with consistent returns. It has launched 38 schemes and successfully redeemed 15 of them. A total of over 5.8 million investors have invested their faith in the fund and its schemes are consistently outperforming benchmark indices. The Fund manages with over Rs. 42,100 crores of assets reaching out to a vast family of investors through a network of over 130 points of acceptance, 59 investor service desks, 29 investor service centers, and 6 Investor Service Points.

SBI Mutual Fund is one of the most revered and trusted AMC – asset management companies, with a consistent track record, in India for the last three decades. Its diligent team of experts and professionals provides the most prudent advice on research, risk management, and stock selection.

Important Information About SBI Mutual Fund

TrusteeSBI Mutual Fund Trustee Company Private Limited
MD and CEOMrs Anuradha Rao
CIOMr Navneet Munot
Compliance OfficerMs Vinaya Datar
SBIMF Acceptance centers in India222
Number of Investors (approx.)5.8 million investors
Deals in Assets worthRs. 373000 crores
RecognitionSBIMF is the first to launch a ‘Contra’ fund, called the SBI Contra Fund.
SBI Mutual Fund is the first in India to launch an Environment, Social, and Governance – ESG Fund that acts as a sustainable investment.        In 2015, for the first time, the EPF department – Employees’ Provident Fund of India trusted SBIMF Sensex ETFs (Exchange Traded Funds) with Rs. 5,000 Crore.
Address9th Floor, Crescenzo, C-38 and 39, G, Block Bandra – Kurla Complex, Mumbai, Maharashtra – 400051.
Telephone NumberSBI mutual fund customer care number and SBI mutual fund toll-free number – 1800 209 3333, 1800 425 5425, 91-22-62511600 (from outside India)
Email Idcustomer.delight@sbimf.com
SMSSBI mutual fund helpline number – ‘SBIMF’ to 7065611100
WhatsApp service of SBIMFThe applicant needs to save the SBI mutual fund WhatsApp number 7208017353 on his contact list and just send a ‘Hi’ to the Distributor from the relevant mobile number that is linked to his Investment number to resolve queries on a real-time basis.

Ten Top-Performing SBI Mutual Fund Schemes

Some of the best SBI Mutual Fund Schemes are available on EduFund, and after thorough research on the available plans of investment, the applicant can make the right choice of where and how he wants to put his hard-earned capital on.

1. SBI Magnum Mid Cap Fund (Category – Equity – Mid Cap fund)

This open-ended fund has a NAV of ₹106.498 (Growth) (as of 23rd April 2021) and is one of the top-performing funds in the ‘Equity: Mid Cap category. The fund was launched on 29th March 2005 and has given trailing returns of 30.4% in one year (as of 2020).

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load0-1 Years (1%),1 Year and above (NIL).
Return Since Inception (29th March 2005):15.9% (as of 23rd April 2021)
AssetsINR 4887 Crore (as of 31st March 2021)
Expense Ratio2.17% (as on 31st March 2021)

2. SBI Contra Fund (Category – Equity – Contra fund)

Its aim is to provide the investors maximum growth opportunity through equity investments in stocks of growth-oriented sectors of the economy.  It is a fund with Moderately High Risk that has a NAV of Rs. 150.287 (Growth) (as of 23rd April 2021), and is one of the top-performing funds in the ‘Equity: Contra category. The fund was launched on 6th May 2005 and has given trailing returns of 30.6% in one year (as of 2020).

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load0-1 Years (1%),1 Year and above (NIL).
Return Since Inception (6th May 2005)14.9% (as of 23rd April 2021)
AssetsINR 1856 Crore (as of 31st March 2021)
Expense Ratio2.29% (as of 31st March 2021)

3. SBI Technology Opportunities Fund (Erstwhile SBI IT Fund – Equity – Sectoral fund)

Its aim is to provide the investors maximum growth opportunity through equity investments in stocks of growth-oriented sectors of the economy. It is a fund with High Risk and is ranked 42 in the Sectoral category that has a NAV of Rs. 108.207 (Growth) (as of 23rd April 2021), and is one of the top-performing funds in the ‘Equity: Sectoral category. The fund was launched on 9th Jan 2013 and has given trailing returns of 47.3% in one year (as of 2020).

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load0-15 Days (0.5%),15 Days and above (NIL).
Return Since Inception (9th Jan 2013)20.6% (as of 23rd April 2021)
AssetsINR 595 Crore (as of 31st March 2021)
Expense Ratio2.62% (as of 31st March 2021)

4. SBI Magnum COMMA Fund (Category – Equity – Sectoral fund)

Its aim is to generate opportunities for growth along with the possibility of consistent returns by investing predominantly in a portfolio of stocks of companies engaged in the commodity business within the following sectors – Oil & Gas, Metals, Materials & Agriculture, and in debt & money market instruments. It is a fund with High Risk and is ranked 9 in the Sectoral category that has a NAV of Rs. 56.2233 (as of 23rd April 2021). The fund was launched on 8th August 2005 and has given trailing returns of 23.9% in one year (as of 2020).

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load0-1 Years (1%),1 Year and above (NIL).
Return Since Inception (8th August 2005):11.6% (as of 23rd April 2021)
AssetsINR 320 Crore (as of 31st March 2021)
Expense Ratio2.6% (as of 31st March 2021)

5. SBI Small Cap Fund (Category – Equity – Small Cap fund)

The Scheme seeks to generate income and long-term capital appreciation by investing in a diversified portfolio predominantly equity and equity-related securities of small & midcap companies. It is a fund with Moderately High Risk and is ranked 4 in the small-cap category that has a NAV of Rs. 80.1244 (as of 23rd April 2021). The fund was launched on 9th Sep 2009 and has given trailing returns of 33.6% in one year (as of 2020).

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load0-1 Years (1%),1 Year and above (NIL).
Return Since Inception (9th Sep 2009):19.6% (as of 23rd April 2021)
AssetsINR 7570 Crore (as of 31st March 2021)
Expense Ratio2.29% (as of 31st March 2021)

6. SBI Large and Midcap Fund (Category – Equity – Large & Mid Cap fund)

Its aim is to provide investors long-term capital appreciation/dividend along with the liquidity of an open-ended scheme. It is a fund with Moderately High Risk and is ranked 20 in the large and mid-cap category that has a NAV of Rs. 284.904 (as of 23rd April 2021). The fund was launched on 25th May 2005 and has given trailing returns of 15.8% in one year (as of 2020).

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load0-12 Months (1%),12 Months and above (NIL)
Return Since Inception (25th May 2005):17% (as of 23rd April 2021)
AssetsINR 3629 Crore (as of 31st March 2021)
Expense Ratio2.21% (as of 31st March 2021)

7. SBI Bluechip Fund (Category – Equity – Large Cap fund)

Its aim is to provide investors with opportunities for long-term growth in capital through active management of investments in a diversified basket of equity stocks of companies whose market capitalization is at least equal to or more than the least market capitalized stock of the S&P BSE 100 Index. It is a fund with Moderately High Risk and is ranked 9 in the Large Cap category that has a NAV of Rs. 50.5466 (as of 23rd April 2021). The fund was launched on 14th Feb 2006 and has given trailing returns of 16.3% in one year (as of 2020).

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load0-1 Years (1%),1 Year and above (NIL)
Return Since Inception (14th Feb 2006):11.3% (as of 23rd April 2021)
AssetsINR 26838 Crore (as of 31st March 2021)
Expense Ratio1.84% (as of 31st March 2021)

8. SBI Banking and Financial Services Fund (Category – Equity – Sectoral fund)

The investment objective of the scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity-related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized. It is a fund with High Risk that has a NAV of Rs. 21.7274 (as of 23rd April 2021). The fund was launched on 26th Feb 2015 and has given trailing returns of 4.8% in one year (as of 2020).

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load0-12 Months (1%),12 Months and above (NIL)
Return Since Inception (26th Feb 2015):13.4% (as of 23rd April 2021)
AssetsINR 2371 Crore (as of 31st March 2021)
Expense Ratio2.44% (as of 31st March 2021)

9. SBI Magnum Tax Gain Fund (Category – Equity – ELSS fund)

To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits. It is a fund with Moderately High Risk and is ranked 31 in the ELSS Category that has a NAV of Rs. 179.609 (as of 23rd April 2021). The fund was launched on 7th May 2007 and has given trailing returns of 18.9% in one year (as of 2020).

Key Information

Minimum InvestmentINR 5,00
Minimum SIP InvestmentINR 500
Minimum Withdrawal
Exit LoadNIL
Return Since Inception (7th May 2007):10.4% (as of 23rd April 2021)
AssetsINR 9258 Crore (as of 31st March 2021)
Expense Ratio2.22% (as of 31st March 2021)

10. SBI Nifty Index Fund (Category – Others – Index fund)

The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty 50 Index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of the Nifty 50 Index by minimizing the performance difference between the benchmark index and the scheme.

The Total Returns Index is an index that reflects the returns on the index from index gain/loss plus dividend payments by the constituent stocks. This open-ended fund has a NAV of ₹122.988 (as of 23rd April 2021) and is ranked 75 in Index Fund Category. It comes with a Moderately High risk. The fund was launched on 17th Jan 2002 and has given trailing returns of 14.6% in one year (as of 2020).

Key Information

Minimum InvestmentINR 5,000
Minimum SIP InvestmentINR 500
Minimum WithdrawalINR 1,000
Exit Load0-15 Days (0.2%),15 Days and above (NIL).
Return Since Inception (17th Jan 2002):11.1% (as of 23rd April 2021)
AssetsINR 1032 Crore (as of 31st March 2021)
Expense Ratio0.68% (as of 31st March 2021)

The Best Performing SBI Tax Saving Mutual Fund

SBI Tax Saving Mutual Funds provide dual benefits to its investors – one in the form of capital appreciation through equity investments and the other through income tax savings under section 80C. There is a mandatory lock-in period of three years and has the potential for higher returns. The minimum investment is Rs. 500. These are Multi-cap Equity funds with a diversified portfolio.

How can you invest in SBI Mutual Fund via EduFund?

It is a simple, convenient, and easy process through EduFund to invest in some of the most profitable SBI Mutual Fund Schemes, which involves a hassle-free process. Let us look at the details of the process:

Step 1: The first step is to log in using your SBI mutual fund login Id or your EduFund account. The applicant can also download and install the SBI mutual fund app to start investing. If the applicant does not own an account, he would need to create a username password by registering on to the portal.

Step 2: The second step is for the applicant to scan and upload identification documents and proofs like Aadhar Card, PAN Card, Passport, Driving License, Voter ID Card or any other ID that is issued by the Central or State Government.

Step 3: Further, the applicant must upload his address proof using any legal document that carries the permanent address of the investor. This proof again could be an Aadhar Card, Passport, Bank statement, rent agreement, Phone or Gas Bill, etc.

Step 4: Next, he should identify the duration of investment he is interested in and apply it accordingly on the portal.

Step 5: After the tenure, the risk undertaking should be determined, whether the applicant wants to opt for low, medium, or high-risk investment.

Step 6: As per the choice and market feedback, he can opt for the best SBI Mutual Fund, which is most suitable to his individual choice and criteria.

Step 7: The individual has the option to go for a one-time investment or installment. If he wishes to pay the investment amount in a lump sum, he should select the “Invest One Time” button else can click on the “Start SIP” to enable investment which allows monthly/quarterly/bi-annual or annual payments.

EduFund is a renowned portal that is registered with AMFI, BSE, and SEBI with zero fees to sign up. The investment logged in by the individual will reflect in his EduFund account within 3-5 business days.

Using the SBI Mutual Fund Calculator 

The mutual fund calculator SBI helps you estimate the returns which can be expected from the invested capital. The exact amount cannot be guaranteed, but an estimated amount can be calculated using the SBI mutual fund calculator for both Lumpsum and SBI mutual fund SIP payments and to get an appropriate view of the SBI mutual fund statement.

Leading Fund Managers at SBI Mutual Fund 

The SBI Mutual Fund Investment team is well-equipped with stalwarts of the Finance Sector who have professional experience, qualifications, and knowledge of investment. Some of the leading Fund Managers at SBI Mutual Fund are:

1. Navneet Munot

 Executive Director & Chief Investment Officer

Mr Munot was the Chief Investment Officer in 2008 when he joined SBI Fund House. Currently, he is the Executive Director and Chief Investment Officer, taking care of investments of more than USD 54 billion.

He is a veteran with experience of working with Giants as the former Chief Investment Officer of Birla Sun Life Mutual Funds and as the Executive Director and the Head of the Multi-Strategy Boutique at Morgan Stanley Investment Management.

He has given 25 years to the Finance Sector and is a Chartered Accountant and a Charter Holder of the CAIA and CFA Institute. His expertise lies in various sectors of investment, like fixed income, foreign exchange, and hybrid funds.

He is an asset to SBI Mutual Funds

2. Ashwani Bhatia

 Deputy Managing Director of the SBI, MD & CEO of SBI Mutual Funds

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

Before Corporate Credit Structures were revamped, he was also the Chief General Manager of SBI and was also appointed as the Chief General Manager of the Small and Medium Enterprises – at the bank for several years. He has spent a lifetime in the field of Banking and has commendable experience in International Banking, retail, and credit and treasury.

3. Anup Upadhyay

Head of Research at SBI MF

Upadhyay started his career in SBI MF as an Equity Analyst and presently he is the Head of Research at SBI MF and the Fund Manager for Equity Opportunity Fund and SBI IT Fund for the IT Service Industry.

He is a pass-out of IIT Kharagpur with an additional Post-Graduation Diploma in Management from IIM Lucknow. He has also been a student of the CFA Institute of the USA, where he is a Charter holder. His expertise lies in the area of Media, Telecom, and Capital Good Stocks too.

4. Nicholas Simon

Deputy CEO of SBI Life Insurance and the SBI MF Group since 2015

Mr Simon was deputed from the Amundi Group of France, which holds a significant share in the controlling company. Mr Simon has served as the CAAM for Real Estate and CEO of Real Estate from 2006-2015. He represents the interests of the Amundi Group on the Board. He was the Head of Property at Henderson Real Estate in France from 2003-2005 and before that Mr Simon was the CEO of Generali Real Estate from 1996-2002.

He has done his Master of Business Management from the Toulouse School of Business and completed his Post Graduation in Law from the Pantheon-Assas University in Paris. He has a recognized exposure to International Banking and vast experience in controlling inflation, market trends, and beating the competition.

5. S. Srinivas Jain 

 Head of Equity

 With an experience of 25 years in the equity market, Mr Srinivasan joined SBI Mutual Funds as a Fund Manager and later became the Head of equity. He has had exposure in the equity market for as long as 25 years. Mr Jain has worked with SBI for almost 20 years, with an overall experience in Financial services for more than 30 years. He is currently appointed as the Executive Director and Chief Marketing Officer of Strategy and International Business at SBI Mutual Funds.

He has a background in Cost Accountancy and holds a degree in Graduation in Commerce from Bangalore University. He has a varied experience of working for leading Financial Companies like Motilal Oswal, Indosuez WI Carr, Principal PNB, Oppenheimer & Co. (Blackstone), and Future Capital Holding, managing the funds of SBI Mutual fund directly under him. 

Other well-known Fund Managers at SBI Mutual Fund

  • Mr Sanjeev Patkar
  • Mr Nicholas Simon
  • Mr Rajeev Radhakrishnan
  • Mr D.P. Singh
  • Mr Rahul Mayor
  • Ms Aparna Nirgude

Why Should You Invest in SBI Mutual Fund?

To invest Online in SBI Mutual Funds, one can choose EduFund to safely put away his money in SBI mutual fund online, which charges no fees or hidden charges. It further helps investors to explore funds and options, gives them a varied outlook on the risk and tenure associated with each investment, provides all-out solutions for investors and clears misconceptions and doubts regarding a return, risk, and consistency before the individual invests his hard-earned money into it.

The Funds option within the portal displays the return percentage and the current NAV. Besides that, before investing, a person can filter options like risk rating, value research, consistency, and size of the fund. He can also opt for investing in a lump sum amount or installments.

Select EduFund For Investing in SBI Mutual Fund

EduFund makes the process of investing in HDFC mutual funds convenient. EduFund’s experienced consultants give you customized solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably.

With EduFund, you get the following benefits:

  1. Customized Research-Based Financial Plan – EduFund’s scientific fund tracker screen over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds.
  2. Customer-Friendly Counsellors Help You Create a Financial Plan – EduFund’s counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan.
  3. Invest Less, Earn More – Not only the best Indian mutual funds, EduFund offers you the facility to invest in US Dollar ETFs and international mutual funds.
  4. Use Free Tools – EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc.
  5. No Technical Expertise Required – You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you.
  6. Value-Added Benefits – You may get value-added benefits like no commission, free advisory, and nil hidden charges.
  7. Secure Transactions – EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions.
  8. Special Support for Children’s Education – EduFund has a dedicated team of experts who help you fulfil your children’s educational goals.

Download the EduFund app now to start saving for a bright future. 

EduFund

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