Top 10 Sbi Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
SBI Bluechip FundEquityModerately High-3.9%star22,679
SBI Small Cap FundEquityModerately High-13.3%star2,258
SBI Bluechip FundEquityModerately High-4.7%star22,679
SBI Magnum Multi Cap FundEquityModerately High-2.4%star7,650
SBI Banking & Financial Services FundEquityHigh0.1%star964
SBI Focused Equity FundEquityModerately High-0.9%star4,864
SBI Equity Hybrid FundHybridModerately High2.8%star29,832
SBI Small Cap FundEquityModerately High-14.3%star2,258
SBI Nifty Index FundOthersModerately High-3.8%star433
SBI Magnum Multi Cap FundEquityModerately High-3.3%star7,650
SBI Magnum Constant Maturity FundDebtModerately Low17.4%star394
SBI Technology Opportunities FundEquityHigh5.7%star149
SBI Gold FundOthersModerately High25.1%star318
SBI Equity Hybrid FundHybridModerately High2.0%star29,832
SBI Focused Equity FundEquityModerately High-1.9%star4,864
View All Top 10 Sbi Mutual Funds

SBI Mutual Fund

The SBI Mutual Fund Trustee Company Private Limited was set up as a trust under the Trust Act of 1882. This Trust controls the SBI Mutual Fund, one of India’s largest and oldest MFs. The SBI Mutual Fund is a Joint Venture (JV) between one of India’s largest and most profitable banks, the State Bank of India, and Amundi, which is a French asset management company.

The SBI Mutual Fund was set up on June 29, 1987 and was incorporated on February 7, 1992. It was India’s second Mutual Fund after the Unit Trust of India started operations in 1963. In July 2004, the SBI decided to divest 37% of the Fund and roped in Amundi as a partner.

Amundi is an asset management major created jointly by Crédit Agricole and Société Générale.

SBIMF has many firsts to its name. It was the first Indian Mutual Fund player to launch a ‘Contra’ fund, called the SBI Contra Fund. In 2013, SBI Mutual Fund India acquired Daiwa Mutual Fund, part of the Daiwa Group of Japan.

SBI Mutual Fund is the first in India to launch an ESG Fund. An acronym for Environment, Social and Governance, the fund provides resources for sustainable investment in major markets.

In 2015, the Employees’ Provident Fund of India invested Rs 5,000 Crore for the first time in a Mutual Fund in India via SBIMF Sensex ETFs or Exchange Traded Funds.

As of March 2019, the SBI Mutual Fund manages assets worth Rs 2.83 Lakh Crore. In early 2019, it moved past Aditya Birla and HDFC Mutual Funds to emerge as the 3rd largest Mutual Fund body in India based on Assets under Management or AUM.

The SBIMF is registered with the Securities and Exchange Board of India or SEBI.

According to the latest reports, the SBI Bank Mutual Fund has witnessed a 7% growth in AUM in 2019. This is more than any other competing MF.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

SBI Bluechip Direct Plan-Growth

Fund Performance: This fund has consistently beaten its benchmark in Large Cap segment and provided 6.36% annualized returns in the last 3 years. In the last 1 year, it gave -3.9% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.9% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sohini Andani

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM22,679Cr
1Y Returns-3.9%

SBI Small Cap Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Small Cap segment and provided 11.93% annualized returns in the last 3 years. In the last 1 year, it gave -13.25% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -13.25% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Rama Iyer Srinivasan

Launch Date02 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM2,258Cr
1Y Returns-13.3%

SBI Bluechip Fund-Growth

Fund Performance: This fund has consistently beaten its benchmark in Large Cap segment and provided 5.29% annualized returns in the last 3 years. In the last 1 year, it gave -4.65% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -4.65% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sohini Andani

Launch Date14 Feb 2006
Min Investment AmtNaN
Groww Ratingstar
AUM22,679Cr
1Y Returns-4.7%

SBI Magnum MultiCap Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 9.12% annualized returns in the last 3 years. In the last 1 year, it gave -2.41% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.41% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Anup Upadhyay

Launch Date04 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM7,650Cr
1Y Returns-2.4%

SBI Banking & Financial Services Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 15.45% annualized returns in the last 3 years. In the last 1 year, it gave 0.14% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.14% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sohini Andani

Launch Date26 Feb 2015
Min Investment AmtNaN
Groww Ratingstar
AUM964Cr
1Y Returns0.1%

SBI Focused Equity Fund Direct Plan-Growth

Fund Performance: This fund has consistently beaten its benchmark in Focused segment and provided 11.44% annualized returns in the last 3 years. In the last 1 year, it gave -0.92% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.92% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Rama Iyer Srinivasan

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM4,864Cr
1Y Returns-0.9%

SBI Equity Hybrid Fund Direct Plan-Growth

Fund Performance: This fund has consistently beaten its benchmark in Aggressive segment and provided 9.58% annualized returns in the last 3 years. In the last 1 year, it gave 2.79% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.79% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Rama Iyer Srinivasan, Dinesh Ahuja

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM29,832Cr
1Y Returns2.8%

SBI Small Cap Fund-Growth

Fund Performance: This fund has consistently beaten its benchmark in Small Cap segment and provided 10.67% annualized returns in the last 3 years. In the last 1 year, it gave -14.28% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -14.28% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Rama Iyer Srinivasan

Launch Date09 Sep 2009
Min Investment AmtNaN
Groww Ratingstar
AUM2,258Cr
1Y Returns-14.3%

SBI Nifty Index Direct Plan-Growth

Fund Performance: This fund has consistently beaten its benchmark in Index segment and provided 8.68% annualized returns in the last 3 years. In the last 1 year, it gave -3.77% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.77% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Others mutual fund in India.

Fund Manager: Raviprakash Sharma

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM433Cr
1Y Returns-3.8%

SBI Magnum MultiCap Fund-Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 7.95% annualized returns in the last 3 years. In the last 1 year, it gave -3.31% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.31% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Anup Upadhyay

Launch Date29 Sep 2005
Min Investment AmtNaN
Groww Ratingstar
AUM7,650Cr
1Y Returns-3.3%

SBI Magnum Constant Maturity Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 11.29% annualized returns in the last 3 years. In the last 1 year, it gave 17.38% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 17.38% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Dinesh Ahuja

Launch Date02 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM394Cr
1Y Returns17.4%

SBI Technology Opportunities Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 11.69% annualized returns in the last 3 years. In the last 1 year, it gave 5.69% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.69% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Anup Upadhyay

Launch Date09 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM149Cr
1Y Returns5.7%

SBI Gold Direct Plan-Growth

Fund Performance: This fund has consistently beaten its benchmark in FoF Domestic segment and provided 4.87% annualized returns in the last 3 years. In the last 1 year, it gave 25.08% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 25.08% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Others mutual fund in India.

Fund Manager: Raviprakash Sharma

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM318Cr
1Y Returns25.1%

SBI Equity Hybrid Fund-Growth

Fund Performance: This fund has consistently beaten its benchmark in Aggressive segment and provided 8.53% annualized returns in the last 3 years. In the last 1 year, it gave 2.04% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.04% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Rama Iyer Srinivasan, Dinesh Ahuja

Launch Date09 Oct 1995
Min Investment AmtNaN
Groww Ratingstar
AUM29,832Cr
1Y Returns2.0%

SBI Focused Equity Fund-Growth

Fund Performance: This fund has consistently beaten its benchmark in Focused segment and provided 10.4% annualized returns in the last 3 years. In the last 1 year, it gave -1.85% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.85% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Rama Iyer Srinivasan

Launch Date17 Sep 2004
Min Investment AmtNaN
Groww Ratingstar
AUM4,864Cr
1Y Returns-1.9%

Why invest with Groww?

— Registered with SEBI, AMFI & BSE

— Paperless sign up on web & app

— Expert recommendations

— ZERO fees !

Sign Up

How do you invest in SBI Mutual Fund?

<p>Investing in the most profitable <strong>SBI Mutual Fund online</strong> is easy and a relatively hassle-free process. Read the process listed below to set up your account in no time at all.</p> <p>Step 1: First, log in to your Groww account. If you do not have an account, you can register and create a new one right away.</p> <p>Step 2: Upload your Identification documents. Valid documents include Aadhaar, PAN, Voter ID card, Passport, Driving License, ID issued by either Central or State government.</p> <p>Step 3: Upload an address proof. Any identifying document that carries your permanent address is valid.</p> <p>Step 4: Determine your investment’s duration.</p> <p>Step 5: Determine risk amount- whether it is high, low or medium risk.</p> <p>Step 6: Select the best <strong>SBI Mutual Fund</strong> according to your criteria.</p> <p>Step 7: If you wish to invest a lumpsum amount, click on “Invest One Time.” Alternatively, you can start an SIP by clicking on “Start SIP.”</p> <p>Your <strong>SBI Mutual Fund investment</strong> will reflect in your personal Groww account within 3-4 working days.</p>

Top Fund Managers

<p>This is the list of people who have made <strong>SBI Mutual Fund investment</strong> as an attractive alternative in a fiercely competitive market.</p> <p style={{fontSize: 16}}><strong>1. Mr. Ashwani Bhatia</strong></p> <p>Mr. Bhatia started his career with the State Bank of India at the entry level- as a Probationary Officer in 1985. He is a Deputy Managing Director of the SBI and is on loan to the SBI Mutual Funds Management Board since July 2018.</p> <p>He is currently the MD and CEO of SBI Mutual Funds.</p> <p>Over a lifetime spent in banking, Mr. Bhatia has acquired immense experience in credit and treasury, International Banking and Retail. He was the Chief General Manager of SBI when the Corporate Credit Structures was revamped. He has also served as the Chief General Manager of the SME (Small and Medium Enterprises) at the bank for a number of years.</p> <p style={{fontSize: 16}}><strong>2. Mr. Nicholas Simon</strong></p> <p>Mr. Simon has served as the Deputy CEO of the SBI MF Group since 2015 when he was deputed from the Amundi Group of France, which holds a significant share in the controlling company. Mr Simon has served as the CEO of Real Estate and also as the CAAM for Real Estate from 2006-2015.</p> <p>Mr Simon has completed his Post Graduation in Law from the Pantheon-Assas University in Paris. He is also Master of Business Management from the Toulouse School of Business. He represents the interests of the Amundi Group on the Board.</p> <p>Mr Simon has had a wide exposure to International Banking. He has been associated as the Head of Property at Henderson Real Estate in France from 2003-2005. Before that, he was the CEO of Generali Real Estate from 1996-2002.</p> <p>As the Deputy CEO of SBI Life Insurance, Mr Simon has brought with him a vast experience in matters related to market trends, controlling inflation and beating the competition.</p> <p style={{fontSize: 16}}><strong>3. Mr. R. S. Srinivas Jain</strong></p> <p>Mr. Jain has worked with the State Bank of India for nearly 20 years, and has an experience of more than 30 years in Financial Services. He is currently the Executive Director & Chief Marketing Officer of Strategy and International Business at SBI Mutual Funds.</p> <p>He is a Graduate in Commerce from the University of Bangalore and has a background in Cost Accountancy.</p> <p>Mr. Jain has been credited with the market domination of the SBI-backed MFs. Under his leadership, the SBI Mutual Fund was awarded twice in consecutive years from CNBC Awaaz as the ‘Most Preferred Brand.’ He has also been instrumental in the brand being recognised as a valuable destination for Investment Management by Reader’s Digest.</p>. <p style={{fontSize: 16}}><strong>4. Mr. D.P. Singh</strong></p> <p>Mr. Singh is currently the Executive Director & Chief Marketing Officer of the <strong>SBI Mutual Funds</strong> domestic business. Prior to that, he was the National Sales Head of SBI. Mr. Singh is a Post Graduate in Commerce, and has completed his Post Graduate Diploma in PMIR (Personnel Management & Industrial Relations). He has been associated with the SBI since 1998.</p> <p>Mr. Singh has been widely credited with carving out a space for the <strong>SBI Mutual Fund</strong> in both rural and urban consumer demographics. He has been at the forefront of the SBI’s forays in Retail Banking and Information Technology initiatives. He takes keen interest in economics and public affairs.</p> <p style={{fontSize: 16}}><strong>5. Ms. Aparna Nirgude</strong></p> <p>Ms. Nirgude serves as the Chief Risk Officer at <strong>SBI Mutual Funds</strong>. She has been with the Risk division since 2005. An alumnus of the Jamnalal Bajaj Institute of Management Studies, she has previously served as the Research Head at SBI MF.</p> <p>She has previously managed the Investment Management section of the <strong>top SBI Mutual Funds</strong> as well.</p> <p style={{fontSize: 16}}><strong>6. Mr. Rahul Mayor</strong></p> <p>Mr. Mayor serves as the Chief Investor Relations Manager at <strong>SBI Mutual Fund</strong>. He has over 19 years of experience in Retail Banking, analytics, business management, investor relations and distributor value propositions. He has a PGDM in Finance and joined SBIMFPL in 2017.</p> <p>In the past, he has also worked with Franklin Templeton Asset Management and Sundaram Asset Management Company Limited. He brings with him years of knowledge and experience in the global Mutual Funds market to <strong>SBI Mutual Fund</strong>.</p>

Investing Articles

Explore all Mutual Funds on Groww

Explore Mutual Funds
Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
MOST POPULAR ON GROWW
MUTUAL FUNDS COMPANIES: ICICI PRUDENTIAL  | HDFC  | RELIANCE  | ADITYA BIRLA SUN LIFE  | SBI  | UTI  | FRANKLIN TEMPLETON  | KOTAK MAHINDRA  | IDFC  | DSP BLACKROCK  | AXIS  | TATA  | L&T  | SUNDARAM  | DHFL PRAMERICA  | INVESCO  | LIC  | JM FINANCIAL  | BARODA PIONEER  | CANARA ROBECO  | HSBC  | IDBI  | INDIABULLS  | MOTILAL OSWAL  | BNP PARIBAS  | MIRAE ASSET  | PRINCIPAL  | BOI AXA  | UNION KBC  | TAURUS  | EDELWEISS  | ESSEL  | MAHINDRA  | QUANTUM  | PPFAS  | IIFL  | ESCORTS  |