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SBI Mutual Fund

SBI Funds Management Pvt. Ltd., a joint venture between SBI and AMUNDI (France), is one of the leading fund management companies in India. It has thirty years of experience in fund management. The fund house currently has a network of 222+ points of acceptance across the country and manages investment portfolios of more than 5.4 million investors. The fund house has emerged as one of the leading players in the industry advising different financial institutions, pension funds and local & international asset management companies.

SBI Funds Management makes customized asset portfolio recommendations on the basis of investors' requirements and terms of risk/return expectations. The fund house additionally offers institutions end-to-end customized asset management solutions. Besides mutual funds, the fund house also offers services in portfolio management and advisory services, offshore funds and alternative investment funds (AIF).

(Note - All the information contained in this page has been sourced from the official website of SBI Mutual Fund.)

Features of SBI Mutual Fund

Some of the salient features of the schemes offered by the fund house are as under:

  • SBI mutual fund products are designed keeping in mind the company’s vision, which reads “To be the most preferred and the largest fund house for all asset classes, with a consistent track record of excellent returns and best standards in customer service, product innovation, technology and HR practices.”

  • Investors can choose to park their funds in equity schemes, hybrid schemes, debt schemes, solution oriented schemes and other schemes like Nifty Index, ETF Gold, etc.

  • The fund house, in addition to actively managing investors’ assets, also provides its institutional investors a number of offshore funds and portfolio management advisory services.

  • Although the performance of all funds is benchmarked against a specific index, the index composition is not replicated by the investment team with the fund portfolio.

  • The various means by which users can invest in schemes of SBI Mutual fund are - online portal, offline investment (branch office), mobile app and SMS.

Types of Funds Offered by SBI Mutual Fund

SBI mutual funds are managed by SBI Funds Management Pvt. Ltd. These funds are regarded as a feasible investment instrument to a wide section of investors since it offers domestic as well as offshore funds. Here is a look at the different types of schemes that SBI Funds Management offers its investors:

Equity Schemes

An equity mutual fund predominantly invests in stocks. The main motive of equity schemes is ensuring investors’ capital growth. SBI mutual fund offers medium and long-term equity investments for capital growth. SBI mutual fund offers 18 schemes under this category, of which 18 are open-ended schemes, while 8 are close-ended schemes.

Some of the equity schemes offered by SBI mutual fund are

Scheme Name 1-year Return (%) 3-year Return (%) 5-year Return (%)
SBI Focused Equity Fund 16.06% 17.32% 11.49%
SBI Small Cap Fund 6.1% 15.05% 13.21%
SBI Contra Fund -1.03% 5.93% 3.99%
SBI Banking and Financial Services Fund 20.73% 22.97% N.A.
SBI Magnum Taxgain Scheme 4% 8.23% 5.96%
SBI Consumption Opportunities Fund 0.13% 14.53% 10.13%
SBI Magnum Equity ESG Fund 14.76% 13.72% 9.51%
SBI Healthcare Opportunities Fund -0.49% -2.91% -0.01%
SBI Magnum Midcap Fund 0.07% 3.09% 5.74%
SBI Large & Midcap Fund 6.82% 12.43% 9.65%
SBI Magnum Global Fund 5.61% 10.48% 7.36%
SBI Technology Opportunities Fund 12.24% 14.1% 8.02%

Debt Schemes

Investments in debt assets are aimed at fetching regular and steady income. Debt funds mainly invest in fixed income securities, money market instruments and bonds. At present, the fund house offers 14 open-ended schemes in this category.

Some of the debt schemes offered by SBI mutual funds are

Scheme Name 1-year Return (%) 3-year Return (%) 5-year Return (%)
SBI Dynamic Bond Fund 0.1 5.9 7.6
SBI Corporate Bond Fund 4.7 7.1 9.1
SBI Debt Fund Series 7.3 8.8 -
SBI Magnum Constant Maturity Fund 11.89% 9.31% 9.96%
SBI Banking and PSU Fund 9.67% 7.79% 8.09%
SBI Magnum Medium Duration Fund 11.05% 8.27% 9.06%
SBI Magnum Low Duration Fund 8.28% 7.46% 7.86%
SBI Magnum Income Fund 11.72% 7.34% 8.26%
SBI Liquid Fund 6.51% 6.79% 7.24%
SBI Savings Fund 7.71% 7.03% 7.54%
SBI Magnum Ultra Short Duration Fund 7.96% 7.49% 7.69%
SBI Overnight Fund 5.61% 5.85% 6.42%
SBI Short Term Debt Fund 9.48% 7.04% 7.83%
SBI Dynamic Bond Fund 12.72% 7.18% 8.49%

Hybrid Schemes

Hybrid schemes are a combination of equity and debt that offers income and growth. . At present, the fund house offers 6 hybrid schemes under this category.

Some of the hybrid schemes offered by SBI mutual funds are

Scheme Name 1-year Return (%) 3-year Return (%) 5-year Return (%)
SBI Debt Hybrid Fund 0.2 7.4 10.0
SBI Multi Asset Allocation Fund 4.3 7.2 10.5
SBI Arbitrage Opportunities Fund 6.1 5.9 7.0
SBI Dynamic Asset Allocation Fund 8.7 9.6 -

Solution-Oriented Schemes

These schemes are aimed at retirement planning and children benefit. Under this category the fund house offers one scheme, referred to as SBI Magnum Children’s Benefit Plan. The investment proportion is done as per the interest rates, liquidity, economic conditions and risks associated. A small portion of the capital will be invested in equity and its related instruments.

Scheme Name 1-year Return (%) 3-year Return (%) 5-year Return (%)
SBI Magnum Children’s Benefit Plan 2.64% 8.5% 9.67%

Exchange Traded Funds

Under this, SBI mutual fund offers a range of ETFs schemes for investors to choose from. Some of the schemes that come under this category are

Scheme Name 1-year Return (%) 3-year Return (%) 5-year Return (%)
SBI Nifty Index Fund 13.8 15.0 15.6
SBI - ETF GOLD 2.9 4.7 0.4
SBI - ETF Sensex 15.9 11.6 17.2
SBI - ETF Nifty Next 50 3.4 12.2 -
SBI - ETF Nifty Next 50 1.51% 11.04% N.A.
SBI - ETF BSE 100 10.73% 14.69% N.A.
SBI - ETF Gold 23.05% 10.49% 6.52%
SBI - ETF Quality 4.99% N.A. N.A.
SBI - ETF 10 Year Gilt 9.74% 5.27% N.A.
SBI Gold Fund 22.83% 10.59% 6.45%
SBI - ETF Sensex Next 50 -3.18% N.A. N.A.

Documents Required for Investing in SBI Mutual Fund

The documents that need to be submitted along with KYC are:

  • Proof of identity
  • Proof of address
  • Passport copy
  • Passport Size Photograph

Individual Investors

  • Proof of Identity:
    • Photo PAN Card
    • In case of Non-Photo PAN card, the applicant would have to submit a copy of PAN Card and any one of the following: Passport copy / Voter ID / Driving License / Bank Photo Passbook.
  • Proof of Address (any one of the following):
    • Recent Telephone Bill: Mobile/Landline (not more than 3 months prior to the application date)
    • Recent Electricity Bill (not more than 3 months prior to the application date).
    • Voter ID
    • Driving License
    • Ration Card
    • Passport copy
    • Recent Bank Passbook/Bank Account Statement (not more than 3 months prior to the date of application).
    • Recent Demat Account statement (not more than 3 months prior to the application date)
    • Rent Agreement

HUF

  • Proof of Identity: Copy of the HUF’s PAN card
  • Proof of address (HUF) :
  • Recent Bank Passbook (not more than 3 months prior to the application date)
  • Bank account statement (not more than 3 months prior to the application date) Alternatively, any of the documents mentioned for address proof for an individual can be produced by the karta.

Non individuals (PAN Mandatory) Companies / Bodies Corporate

  • Certificate of incorporation
  • MOA and AOA
  • Power of Attorney granted to managers, officers or employees to undertake business on its behalf (Authorized Signatories List)
  • Resolution of the Board of Directors authorizing investment in schemes of the fund house

Partnership Firms

  • Certificates of Registration for registered Partnership Firms.
  • Any officially valid documents in regards to holding a power of attorney to transact (Authorized Signatories List and resolution / authority to invest)

NGOs, Trusts, Foundations, Charitable Bodies, Clubs

  • Certificate of Registration for registered Trusts
  • Any other valid documents in regards to holding a power of attorney to transact (Authorized Signatories List and resolution / authority to invest) and resolution / authority to invest)
  • Offer Document of the scheme

Source: Official website of SBI Mutual Fund

How to Invest in SBI Mutual Fund

The different modes by which individuals can invest in the schemes are:

  • Online Mutual Fund Portal: This is a quick and easy tool that lets users undertake and manage investments online. New users have to first register using their PAN, email address and mobile number, while existing users can login with their User ID and password or PAN.
  • Offline: The steps that an entity will need to follow to invest in schemes via the offline route are as under:

    1: Download application and KYC form (if the KYC procedure has not been completed) from the company’s website or collect it from a branch office (or empanelled distributor office).

    2: Complete the application/KYC form by inputting necessary information. The email ID and mobile number provided would be used for further communication.

    3: Attach copies of relevant documents and hand them over with a DD or cheque of the investment amount.

    4: Submit them in one of the company’s branch office.

    5: The fund house will provide a folio number for the investment.

  • m-Easy: This is a mobile investment facility that helps users invest, redeem and switch from one scheme to another via an SMS. To undertake a financial or non-financial transaction, one would need to send an SMS to “9210192101”. Registration is necessary to perform any financial transaction.

  • SBI MF invesTap: This is easy-to-use mobile app that allows users to undertake all financial transactions on-the-go. Through the app, entities can browse, register, invest, switch, redeem and track performance of mutual funds.

FAQs on SBI Mutual Fund

Am I required to add nominees to my portfolio?

Nomination facility is generally mandatory in case of new folios or accounts opened by individuals with single holdings. For joint holdings, it is usually not mandatory to have a nominee. However, financial planners encourage investors to always include one.

How much returns shall my nominees get?

The returns generated will depend on the performance of the schemes where the investor's money has been parked in. The proportion of the returns given to the nominees will depend on the percentage you have allotted to them in the nomination form.

What is switch?

Switching refers to transferring mutual fund units from one scheme to another within an Asset Management Company.

How do I contact SBI Mutual Fund Company?

The contact details of the fund house are as under:

Address: 9th Floor, Crescenzo, C-38 and 39, G Block,Bandra-Kurla Complex, Mumbai, Maharashtra India - 400051 Phone number: 1800 209 3333 or 1800 425 5425 Email address:customer.delight@sbimf.com

How do I buy SBI mutual fund plan online?

SBI mutual fund’s online portal is a quick and efficient tool that allows users to carry out and manage their investments online. All that an individual has to do is complete the KYC process and register on the portal. To begin investing, the individual simply has to click on the ‘Invest Now’ button mentioned against the scheme name.

How do I login SBI Mutual Fund Company website?

As a registered user, you can login using their registered user ID and password. New users who want to register can do so by entering their PAN, Email Address, Mobile Number and creating a new password.

What is SBI Mutual Fund Company's contact number?

The fund house can be contacted on 1800 209 3333 or 1800 425 5425.

What type of investor should invest in a smallcap scheme?

In case of small-cap funds, fund managers can have 65% to 90% exposure to stocks of small companies. Investors who wish to take on higher risks can consider putting their money in this category.

Which SBI mutual fund scheme should I invest?

Below are some of the top performing SBI mutual funds that investors can consider parking their money in:

Scheme Name NAV (as on 3rd August) 1-year Return (%) 3-year Return (%) 5-year Return (%)
SBI Bluechip Fund 39.184 7.3 10.0 20.1
SBI Infrastructure Fund 14.967 1.5 8.1 18.9
SBI Magnum Multi Cap Fund 48.346 9.9 12.3 23.4
SBI Focused Equity Fund 137.991 18.1 14.0 22.7
SBI Small Cap Fund - Direct Plan 57.759 20.2 19.4 -
SBI Equity Hybrid Fund 130.107 10.1 10.1 18.9
SBI Magnum Comma Fund 37.419 2.6 13.6 19.9
SBI Large & Midcap Fund - Direct Plan 221.559 9.4 10.2 22.3
SBI Short Term Debt Fund 20.279 4.2 7.3 8.2
SBI Magnum Medium Duration Fund 30.651 4.3 8.4 10.5
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