Best Sbi Mutual Funds: Top Investment Picks

The State Bank of India (SBI) Mutual Fund is one of the largest mutual fund houses in India by asset size. It offers a wide range of investment options, including equity funds, debt funds, and hybrid funds. With its long history, SBI Mutual Fund has built trust and confidence among investors. When considering the best SBI mutual fund to invest in, it's important to evaluate factors such as investment goals, risk tolerance, fund performance, expense ratios, and fund manager expertise. Here are some of the top SBI mutual funds to consider:

- SBI Magnum Midcap Fund

- SBI Infrastructure Fund

- SBI Large & Midcap Fund

- SBI Bluechip Fund

- SBI Flexicap Fund

- SBI Conservative Hybrid Fund

- SBI Gold Fund

- SBI Magnum Equity ESG Fund

SBI Magnum Mid Cap Direct Plan-Growth

As of 31 October 2024, the latest NAV (Net Asset Value) of the fund was ₹262.52, with total returns of 35.96% in the last year, 81.52% in the last three years, and 836.75% since the scheme's launch. The fund has generated higher returns than its benchmark, the NIFTY Midcap 150 Total Return Index, over the last three years. The fund's performance has been rated as "Very High Risk" and "Below Average" when compared to its peers.

The expense ratio of the fund is 0.77%, lower than the category average of 0.71%. The exit load is 1% if redeemed within one year, and there is no entry load. The minimum SIP investment amount is ₹500, while the minimum lumpsum investment is ₹5,000.

The fund has an AUM (Asset Under Management) of over ₹10,37,900 Crore, with 94.68% investment in domestic equities, including 8.23% in Large Cap stocks, 47.86% in Mid Cap stocks, and 15.2% in Small Cap stocks. The remaining 0.44% is invested in Government securities.

SBI Bluechip Direct Plan-Growth

As of 30 September 2024, the fund had assets under management (AUM) of Rs. 53,276.14 crore, with a net asset value (NAV) of Rs. 99.21. The expense ratio of the fund is 0.79% for the direct plan, and it has provided trailing returns of 29.06% (1yr), 13.37% (3yr), 18.08% (5yr), and 16.13% since its launch. The minimum investment required is Rs. 5,000, with a minimum additional investment of Rs. 1,000 and a minimum SIP investment of Rs. 500. The fund has an exit load of 1% if redeemed within 1 year.

The asset allocation of the fund comprises around 97.04% in equities, 0.83% in debts, and 2.11% in cash and cash equivalents. The top 10 equity holdings constitute around 45.94% of the assets, while the top 3 sectors constitute around 47.85%. The fund follows a growth-oriented style of investing and invests across market capitalisations. The fund is considered very high risk.

SBI Flexicap Fund Direct-Growth

The minimum SIP investment for SBI Flexicap Fund Direct-Growth is ₹500, while the minimum lumpsum investment is ₹1,000. The fund has a lower expense ratio of 0.81% compared to the category average. It also has a lower annualised return compared to the category average for the past 1Y, 3Y, and 5Y.

The fund has a very high-risk rating, and investors should be prepared for the possibility of moderate losses in their investments. It is important to note that this fund is not suitable for those who need to redeem their investment in less than five years.

SBI Banking & Financial Services Fund Direct-Growth

The fund seeks to generate long-term capital appreciation from a portfolio invested predominantly in equity and equity-related securities of companies engaged in banking and financial services. The minimum SIP investment is ₹500, and the minimum lumpsum investment is ₹5,000. It has an exit load of 0.50% if redeemed within 30 days. The expense ratio is 0.74%.

The fund's performance over the last one year has been 39.34%, and it has delivered average annual returns of 16.25% since its inception. The fund has doubled the money invested in it every four years.

The top holdings of the fund are in ICICI Bank Ltd., HDFC Bank Ltd., Kotak Mahindra Bank Ltd., Muthoot Finance Ltd., and Cholamandalam Financial Holdings Ltd. The fund has the majority of its money invested in the Financial, Insurance, and Services sectors.

SBI Mutual Fund was established on June 29, 1987, and is a joint venture between Amundi, a European asset management company, and the State Bank of India. It is one of the largest mutual fund houses by asset size in India and offers approximately 60 schemes, including debt schemes, hybrid schemes, and equity funds.

SBI Infrastructure Fund Direct-Growth

The investment objective of the fund is to invest in equity stocks of companies directly or indirectly engaged in infrastructure growth in the Indian economy, aiming for long-term capital growth. The fund is rated as Very High Risk, with an exit load of 0.50% if redeemed within 30 days. The minimum Systematic Investment Plan (SIP) investment is ₹500, and the minimum lump-sum investment is ₹5,000.

The fund has generated returns higher than its benchmark, the NIFTY Infrastructure Total Return Index, over the last three years, with a lower expense ratio of 0.95%. As of September 30, 2024, the one-year, three-year, and overall returns are 50.19%, 114.19%, and 558.57%%, respectively.

The top holdings of the fund include Reliance Industries Ltd., Larsen & Toubro Ltd., Indian Energy Exchange Ltd., Grindwell Norton Ltd., and Ultratech Cement Ltd. The fund has a diversified portfolio across market capitalisations, with 34.35% in Large Cap stocks, 16.64% in Mid Cap stocks, and 23.74% in Small Cap stocks.

SBI Mutual Fund is one of the largest mutual fund houses in India by asset size, offering approximately 60 schemes across debt, hybrid, and equity funds.

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