Sbi Mutual Fund Investment: Your Guide To Getting Started

SBI Mutual Fund is an Indian private asset management company that was established on 29 June 1987. It is a joint venture between the State Bank of India and Amundi, a European asset management company. SBI Mutual Fund offers a wide range of investment schemes across equity, debt, hybrid, and other categories. As of September 2024, the company has over Rs. 11,00,886 crores in assets under management (AUM) and serves millions of investors across India. SBI Mutual Fund provides diverse investment opportunities, including sector funds, contra funds, and offshore funds, making it a prominent player in India's mutual fund industry.

SBI Mutual Fund's history and structure

SBI Mutual Fund is an Indian private asset management company introduced by the State Bank of India (SBI) and incorporated on 29 June 1987. It became the first non-UTI mutual fund in India. SBI Mutual Fund is a joint venture between the State Bank of India and Amundi, a European asset management company. SBI currently holds a 63% stake in the company, with Amundi holding the remaining 37%.

SBI Mutual Fund was established as a Trust with State Bank of India (SBI) as the sponsor and SBI Mutual Fund Trustee Company Private Limited as the Trustee. It was registered with SEBI, the Securities and Exchange Board of India, on 23 December 1993.

SBI Mutual Fund offers a wide range of investment options, including equity, debt, hybrid, and other categories. As of September 2024, the company has Rs. 11,19,756.6 crores in assets under management (AUM) and offers 81 primary schemes. Out of these, 44 are equity funds, 22 are debt schemes, 11 are hybrid schemes, and the remaining 4 are other types of funds.

Some of the top SBI Mutual Fund schemes include:

• SBI Nifty 50 ETF
• SBI Balanced Advantage Fund
• SBI Conservative Hybrid Fund
• SBI Infrastructure Fund
• SBI Long Term Equity Fund
• SBI Magnum Midcap Fund
• SBI Multi-Asset Allocation Fund
• SBI Equity Hybrid Fund

The company has a physical presence in 222 locations across India and has shown consistent growth in its Systematic Investment Plan (SIP) book, which has grown fivefold between 2016 and 2021. SBI Mutual Fund is one of the largest and oldest mutual funds in India, known for its well-diversified and robust product range.

SBI Mutual Fund's performance and growth

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi, a European asset management company. It was established on 29 June 1987 and is one of India's largest and oldest mutual funds. As of March 2024, the SBI Mutual Fund manages assets worth Rs. 9.14 lakh crores, with Rs. 11,19,756.6 crores in assets under management (AUM) as of 30 September 2024. This makes it the largest mutual fund company in India in terms of AUM, holding 16.69% of the industry's total.

SBI Mutual Fund offers 81 primary schemes, including 44 equity funds, 22 debt schemes, 11 hybrid schemes, and 4 others. Some of the top-performing funds include:

• SBI Contra Direct Plan Growth: This fund has provided annualised returns of around 25.25% and 31.31% over the past 3 and 5 years, respectively. The minimum investment amount is ₹5,000 for a lump sum and ₹500 for SIP.
• SBI Long Term Equity Fund Direct Plan Growth: With annualised returns of approximately 24.3% and 26.15% over the last 3 and 5 years, this fund has a minimum investment amount of ₹500 for both lump sum and SIP.
• SBI Infrastructure Fund Direct Growth: This fund has delivered annualised returns of around 27.91% and 27.54% in the past 3 and 5 years, respectively. The minimum investment amount is ₹5,000 for a lump sum and ₹500 for SIP.
• SBI Healthcare Opportunities Fund Direct Plan Growth: With annualised returns of about 23.85% and 30.71% over the last 3 and 5 years, this fund requires a minimum investment of ₹5,000 for a lump sum and ₹500 for SIP.
• SBI Large & Midcap Fund Direct Plan Growth: This fund has generated annualised returns of approximately 18.48% and 23.03% in the past 3 and 5 years, respectively. It has a minimum investment amount of ₹5,000 for a lump sum and ₹100 for SIP.

SBI Mutual Fund has a strong performance track record, and its funds have consistently delivered competitive returns over the years. The fund house aims to meet diverse investor needs and financial goals by offering a broad range of equity, debt, and hybrid schemes.

SBI Mutual Fund's investment plans

SBI Mutual Fund is an Indian private asset management company that was introduced by the State Bank of India (SBI) and incorporated in 1987. It is a joint venture between the State Bank of India and Amundi, a European asset management company. SBI Mutual Fund offers a wide range of investment plans, including equity funds, debt funds, hybrid funds, and more.

Equity Funds

SBI Mutual Fund offers a diverse range of equity funds, including:

• SBI Bluechip Fund
• SBI Focused Equity Fund
• SBI Nifty 50 ETF
• SBI Long Term Equity Fund
• SBI Magnum Midcap Fund
• SBI Infrastructure Fund
• SBI Consumption Opportunities Fund
• SBI Healthcare Opportunities Fund
• SBI Nifty Next 50 Index Fund
• SBI Large & Midcap Fund

Debt Funds

SBI Mutual Fund provides various debt fund options, such as:

• SBI Magnum Gilt Fund
• SBI Dynamic Bond Fund
• SBI Magnum Income Fund
• SBI Magnum Medium Duration Fund
• SBI Credit Risk Fund

Hybrid Funds

The company also offers hybrid schemes that invest in a mix of asset classes. Some of their hybrid funds include:

• SBI Balanced Advantage Fund
• SBI Conservative Hybrid Fund
• SBI Multi-Asset Allocation Fund
• SBI Equity Hybrid Fund

Other Investment Plans

In addition to equity, debt, and hybrid funds, SBI Mutual Fund offers a range of other investment plans, including:

• ELSS (Equity-Linked Savings Scheme)
• ETF (Exchange-Traded Fund)
• Fixed Maturity Plans
• Liquid Funds

Ways to Invest in SBI Mutual Funds

There are several ways to invest in SBI Mutual Funds:

• Through the official SBI Mutual Fund website
• Through a distributor or financial advisor
• Through online investment platforms such as Groww, ET Money, or 5Paisa

Key Information

When investing in SBI Mutual Funds, it is important to note that there is always some level of risk involved, and the returns are linked to the market performance. However, SBI Mutual Fund is a well-established company with a strong presence in India. The minimum SIP (Systematic Investment Plan) investment amount for most funds is ₹500, and the minimum lumpsum investment is typically ₹5,000.

SBI Mutual Fund's investment process

SBI Mutual Fund is an Indian private asset management company, established in 1987, with its corporate headquarters in Mumbai, India. It is a joint venture between the State Bank of India and Amundi, a European asset management company. SBI Mutual Fund offers a wide range of investment schemes across equity, debt, hybrid, and other categories.

SBI Mutual Funds Investment Process

There are several ways to invest in SBI Mutual Funds, including through the official website, a distributor, or an online investment platform. Here is a detailed guide to the SBI Mutual Funds investment process:

Online Investment Process:

• Log in to your account on the chosen online investment platform (e.g., Groww, ET Money, or 5Paisa). If you don't have an account, register and create a new one.
• Search for the specific SBI Mutual Fund scheme you want to invest in.
• Select the investment option that aligns with your requirements and risk appetite.
• Choose the investment type: a Systematic Investment Plan (SIP) or a lumpsum investment.
• Enter the amount you wish to invest.
• Provide the required documents for Know Your Client (KYC) compliance, including proof of address and identity (e.g., PAN card, Aadhaar, Voter ID, etc.).
• Follow the Know Your Client (KYC) process, which may include a selfie and a live video for authentication.
• Proceed with payment by clicking the 'Invest Now' button.

Your SBI Mutual Fund investment should reflect in your account within 3-4 working days. If you have chosen the SIP option, the amount will be deducted monthly from the chosen date.

Official Website Investment Process:

• Visit the SBI Mutual Fund website and log in with your ID and password. If you don't have an account, you will need to register.
• Browse through the various SBI Mutual Fund schemes and select the one that aligns with your investment goals and risk profile.
• Complete the application process and provide the necessary documents.
• Monitor your investments by visiting the respective AMCs.

Distributor Investment Process:

• Contact a distributor or financial advisor who can guide you through the SBI Mutual Fund investment process.
• The distributor will assist you in selecting the appropriate SBI Mutual Fund scheme based on your financial goals and risk tolerance.
• Provide the distributor with the required documents for KYC compliance.
• The distributor will handle the application process and facilitate your investment in the chosen SBI Mutual Fund scheme.

It is important to note that investments made through distributors may have higher expense ratios due to the commissions paid to them by the fund houses. This will impact your overall investment returns.

Before investing in any mutual fund, it is essential to consider your financial goals, risk tolerance, and investment horizon. Additionally, remember that mutual funds carry varying degrees of risk, and the returns are linked to market performance.

SBI Mutual Fund's key personnel

SBI Mutual Fund is an Indian private asset management company introduced by the State Bank of India (SBI) and incorporated in 1987. It is a joint venture between the State Bank of India and Amundi, a European asset management company.

• Mr. Ashwani Bhatia: Mr. Bhatia is the MD and CEO of SBI Mutual Funds. He started his career with the State Bank of India as a Probationary Officer in 1985 and has spent a lifetime in banking, acquiring experience in credit and treasury, international banking, and retail. He is currently a Deputy Managing Director of SBI and has been on loan to the SBI Mutual Funds Management Board since July 2018.
• Mr. Nicholas Simon: Mr. Simon serves as the Deputy CEO of the SBI MF Group. He was deputed from the Amundi Group of France, which holds a significant share in the controlling company. Mr. Simon has a Post Graduation in Law and a Master of Business Management. He has had wide exposure to international banking and has brought vast experience in market trends, controlling inflation, and beating the competition to SBI.
• Mr. R. S. Srinivas Jain: Mr. Jain is currently the Executive Director & Chief Marketing Officer of Strategy and International Business at SBI Mutual Funds. He has worked with the State Bank of India for nearly 20 years and has over 30 years of experience in Financial Services. He is credited with the market domination of the SBI-backed MFs and has been instrumental in the brand being recognised as a valuable destination for Investment Management.
• Mr. Singh: Mr. Singh is the Executive Director & Chief Marketing Officer of SBI Mutual Funds' domestic business. He previously served as the National Sales Head of SBI and has been associated with the bank since 1998. He is widely credited with carving out a space for the SBI Mutual Fund in both rural and urban consumer demographics.
• Ms. Aparna Nirgude: Ms. Nirgude serves as the Chief Risk Officer at SBI Mutual Funds. She has been with the Risk division since 2005 and has previously served as the Research Head and managed the Investment Management section of the top SBI Mutual Funds.
• Mr. Mayor: Mr. Mayor is the Chief Investor Relations Manager at SBI Mutual Fund. He has over 19 years of experience in Retail Banking, analytics, business management, investor relations, and distributor value propositions. He brings knowledge and experience from his work with other global Mutual Funds companies.

Frequently asked questions