SBI Mutual Fund - Best MF Schemes, NAV, Performance & Returns, How to Invest

Manish Kothari
20 Likes | 721 days ago



isVerifiedExpertAuthor is a Zfunds Verified Expert
Manish Kothari

About SBI Mutual Fund

SBI Mutual Fund was established in 1987 and was incorporated in 1992.  SBI Mutual Fund is a joint venture between India’s largest bank having a 63% stake and AMUNDI Asset Management having a 37% stake. AMUNDI SBI mutual fund is having 30 years of experience in funds management and has consistently delivered good returns to its investors. This joint venture of SBI and AMUNDI wants to grow the SBI Mutual Fund company, which has an international reputation by adopting the best global practices and international standards.

SBI Mutual fund has very good fund managers who are having a great experience in the portfolio management industry.

SBI mutual fund is having a vision of "To be the most trusted and respected Asset Manager."

Major Information about SBI Mutual Fund:

Total AUM: ₹ 5,11,371 Crores as of 30th April 2021

No. of Schemes: 146

Top 10 SBI Mutual Funds

  1. SBI Technology Opportunities Fund
  2. SBI Focused Equity Fund
  3. SBI Small Cap Fund
  4. SBI Dynamic Bond Fund
  5. SBI Magnum Constant Maturity Fund
  6. SBI Multi-Asset Allocation Fund
  7. SBI Long Term Equity Fund
  8. SBI Blue Chip Fund
  9. SBI Healthcare Opportunities Fund
  10. SBI Arbitrage Opportunities Fund

SBI Equity Funds

SBI Equity funds invest their assets in equity and equity and related securities. These funds are great for long term capital appreciation. These funds are best for investors who want exposure to stock markets.

SBI Debt Funds

SBI Debt Funds invest their assets in debt and debt-related instruments which have a fixed rate of interest and thus generate relatively stable returns. Debt instruments are Bond, Debentures, Commercial Paper, Government securities. Debt funds are considered as low risk and hence low returns as compared with equity funds.

SBI Hybrid Funds

SBI hybrid funds invest their assets in more than one asset class like equity, debt, gold, or any other. These funds give good diversification as the investments are done in different asset classes. Hybrid funds have the capability to generate more returns than debt funds and also they possess lower risk as compared to equity funds.

SBI Tax Saver Funds

Tax saver funds are also known as ELSS funds. As the name suggests, these funds give a tax deduction of up to ₹ 1.5 lakhs in income tax. These funds invest their asset in equity securities in a diversified manner. These funds are also having a locking period of 3 years.

Fund Managers of SBI Mutual Fund

1. Mr. Ashwani Bhatia

Mr. Ashwani Bhatia is currently MD and CEO of SBI Mutual Funds. He started his career as a probationary officer in SBI. In his whole career, he has gained good experience in credit & treasury and International Banking & retail.

2. Mr. R. Srinivasan

He is the head of equity in the SBI Mutual Fund. He has more than 25 years of experience in equities and has worked for Future Capital holding, Motilal Oswal, and with other companies as well. He is managing 8 schemes which have a total AUM of around ₹ 61,000 Crores.

3. Mr. Rajeev Radhakrishan

He is the Head of the Fixed income desk. He has around 17 years of experience and was the co-fund manager of fixed income with UTI asset management. He is managing 21 schemes which have a total AUM of around ₹ 99,000 Crores. He is also a CFA charterholder from the CFA Institute.

4. Mr. Dinesh Ahuja

He joined SBI mutual fund in 2010 and has 20 years of experience. He has worked with L&T investment management, Reliance group, and other companies. He is managing 27 schemes that have a total AUM of around ₹ 59,000 Crores.

5. Mr. Dinesh Balachandran

He joined SBI mutual fund in 2012 and is now the equity fund manager. He has 17 years of experience and started his career with Boston USA. He is a CFA charterholder from the CFA Institute. He is managing 6 schemes which total AUM of around 11,000 Crores.

How to Invest in SBI Mutual Funds Via ZFunds?

There are very easy and simple steps to start investing in SBI Mutual Fund which is one of the largest mutual fund houses in India. Follow the below-mentioned steps to start investing:

  1. Create your free account with ZFunds. If you already have an account with ZFunds, you can simply log in to it.
  2. To create an account, you will be required to upload your identification documents which can include an Aadhar card, pan card, Voter ID card, driving license, passport, or any other document which is issued by the central or state government.
  3. You will also be required to upload your address proof.
  4. After that, you just need to select the best fund which suits you as per your investment horizon and risk.
  5. And, then at last you just need to choose whether you want to do a lump sum investment or start a sip.

After the successful investment, the units will be allotted and investment will be reflected in 2-3 working days in your ZFunds account.

Documents Required for KYC

1. For Offline KYC:

1. Identity Proof: For this, you need only one of the following.

  • Adhaar Card
  • PAN Card
  • Voter ID
  • Passport
  • Driving license.
  • NREGA Job Card

2. Address Proof: For this, you need only one of the following.

  • Adhar Card
  • Passport
  • Voter ID
  • Driving License
  • Utility Bill
  • Bank or post office account statement
  • NREGA Job Card
  1. Passport Size photo with signature.

2. For Online KYC:

  1. Photograph
  2. Signature
  3. Pan Card
  4. Adhaar Card

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