The SBI Mutual Fund Trustee Company Private Limited was constituted as a Trust under the provisions of the Indian Trust Act 1882. It is registered with the Securities and Exchange Board of India (SEBI). SBI Mutual Fund is a joint venture between the State Bank of India and Amundi, a European asset management company which is a subsidiary jointly created by Crédit Agricole and Société Générale. The corporate headquarter of the SBI Mutual Fund, which is India’s largest bank sponsored mutual fund, is based out of Mumbai. It is also the first bank-sponsored fund that launched an offshore fund, Resurgent India Opportunity Fund.
2. How to Invest in SBI MF?
Investing in SBI Mutual Funds has been made simpler than ever before whether you are a seasoned investor or a novice in this area. You can visit ClearTax to choose from a list of handpicked funds that are curated keeping in mind the risk profile and investment objective of investors. With ClearTax, you can be assured of a hassle-free quick process of selecting any product from your favourite fund house – SBI Mutual Fund, with just one KYC formality that will take not more than 7 minutes of your time.ClearTax simplifies investing for you so that you can make better and wiser decisions.The process is very simple on ClearTax.Step 1: Select the fund(s) and the amount you want to invest every monthStep 2: Provide your details Step 3: Make payment and you are done
3. Process and documents required to invest in SBI mutual funds via ClearTax
Money laundering and corruption can cripple the economy and the stability of our country. Here, Know Your Customer (KYC) and In-Person Verification (IPV) can help a financial institution significantly. However, ClearTax doesn’t believe in inconveniencing their investors. So they have enabled a way to do KYC in a quick and simple way. What’s more, if investing via ClearTax Save, the investor needs to do it only once for their first investment.KYC is necessary for all fund houses. If you are investing through ClearTax, you need to do your KYC just once. The same KYC will be used for all further investments.
< KYC verification through ClearTax is a very simple process. You can verify by:
i. Using OTP sent to your Aadhaar-registered mobile number
ii. By uploading photos/scans of the required documents
ID Proofs: You can submit Xerox copy of PAN Card, Passport, Aadhaar Card, Voter ID or Driving License. Other central government approved documents like NREGA job card are also accepted.Residential proofs: You can submit the same ID proof (except PAN), if the address on it is your current residential address. Rental/lease agreement, most utility bill and ration card can also serve the purpose. If your permanent address and correspondence address are not the same, then submit proof for both.
4. Top 5 SBI Mutual Funds
Top 5 SBI Mutual Funds
1yr
3yr
5yr
10yr
SBI Arbitrage Opportunities Fund (Hybrid: Arbitrage)
6.06
5.92
7.16
7.14
SBI Banking & Financial Services Fund-Regular Plan (Equity Banking)
16.1
18.74
–
–
SBI Bluechip Fund (Equity large Cap)
9.86
11.48
17.25
11.33
SBI Consumption Opportunities Fund (Equity FMCG)
28.26
19.43
17.68
22.03
SBI Dynamic Asset Allocation Fund (Hybrid Asset Allocation Fund)
10.36
9.58
–
5. SBI Equity Funds
SBI equity funds are curated for long-term capital appreciation through investment in extensively researched shares and stocks of top rated companies. The funds are picked based on the consistency of performance and are designed for generating high returns. These funds are high-risk funds and require careful consideration before investing.
Fund Name
Risk
5-yr Return
Objective
SBI Magnum Midcap Fund
Moderately High
24.08
The fund provides long-term growth opportunities to its investors with the liquidity of an open-ended scheme. Investors can invest primarily in equity stocks of midcap companies that is well diversified.
SBI Magnum Multicap Fund
Moderately High
19.88
The fund allows investors the prospects of long-term growth in their capital through an active management of the investments that carry the liquidity of an open-ended scheme. The fund is diversified in its offering with equity stocks, debts and money market instruments.
SBI Bluechip Fund
Moderately High
16.97
The SBI Blue Chip Fund is an actively managed, a well-diversified fund comprising large-cap equity stocks that offer investors long-term growth opportunity.
SBI Magnum Equity ESG Fund
High
14.01
Aimed at long-term growth, the fund comprises a diversified set of stocks from sectors like Environmental, Social, and Governance, etc.
SBI Large & Midcap Fund
Moderately High
18.46
The fund provides opportunities for capital appreciation int he longer run by investing in well-diversified large and mid-cap companies.
6. SBI Tax Saving Funds
The Tax Savings Funds offered by SBI MF is aimed at encouraging the habit of saving by investing in equity shares that provide tax deductions under Section 80C of the Income-tax Act. These are diversified equity mutual funds that have a lock-in period of 3 years.
Tax Saving Fund Name
Risk
5-yr Return
Objective
SBI Magnum Tax Gain Scheme
Moderately High
15.01
The scheme offers the benefit of investment in a portfolio of equity shares, with tax deduction benefits under Section 80C of the Income-tax Act, 1961. Depending on distributable surplus, it seeks to distribute income periodically, with a lock-in period of 3 years.
7. SBI Debt Funds
The SBI MF debt funds offer a safer investment option to the more risk-averse investor. These funds with comparatively lower return prospects come in various short-term fixed income security options like commercial papers, government bonds, treasury bills and certificates of deposits.
Debt Fund Name
Risk
5-yr Return
Objective
SBI Magnum Income Fund
Moderate
6.57
The fund seeks to generate a regular stream of income through its investment in debt and money market instruments. The duration of the portfolio ranges between 4 to 7 years.
SBI Overnight Fund
Low
7.36
The objective of the fund is to give investors the platform to invest in overnight securities that mature the following business day
SBI Magnum Medium Duration Fund
Moderate
8.93
The fund generates decent returns with a certain amount of liquidity through investments in debt and money market instruments. The duration of the portfolio could be anywhere between 3 to 4 years.
SBI Liquid Fund
Low
7.99
This gives investors the chance to invest in a wide range of debt and money market securities with maturities upto 91 days only.
SBI Dynamic Bond Fund
Moderate
6.54
This high quality actively managed portfolio of debt securities that have varying maturities offer investors attractive returns.
8. SBI Hybrid Funds
SBI hybrid funds are invested in a variety of asset classes that carefully blends equity and debt. It offers the investor a diverse variant of hybrid funds to pick from.
Hybrid Fund Name
Risk
5-yr Return
Objective
SBI Equity Hybrid Fund
Moderate
16.47
The scheme offers investors long-term capital appreciation opportunity and liquidity in the form of an open-ended scheme. A mix of debt and equity, the scheme invests in high growth companies and fixed income securities, thereby, balancing the risk.
SBI Debt Hybrid Fund
Moderate
8.7
The objective of this scheme is to give investors the platform to invest predominantly in debt and money market instruments, followed by investments in equity and its related instruments.
SBI Multi Asset Allocation Fund
Moderate
10.47
In this scheme, Investors are provided with an active portfolio of various asset classes.
SBI Arbitrage Opportunities Fund
Moderately Low
7.18
The scheme offers a regular stream of income and capital appreciation by leveraging on the arbitrage opportunities between the spot and derivative market segments. The surplus cash is invested in debt and money market instruments.
SBI Dynamic Asset Allocation Fund
Moderately High
9.15 (3yr)
This scheme is specifically designed to offer investors a good mix of equity and equity-related securities and fixed income instruments. The allocation of funds is managed dynamically with the goal of long-term capital appreciation.
9. About SBI Mutual Funds
SBI MF has been credited with successfully managing the country’s offshore funds since the year 1988. The SBI Funds Management is also one of the first banks to come up with an offshore fund. The aim of the SBIMF is to offer its investors the opportunity for long-term growth in a diverse array of stock of Indian companies. The dedicated fund house is known for its enterprising approach to risk-management backed by a highly experienced risk management team and financial experts. The SBI mutual funds are constructed with the help of extensive investment research to outperform the industry benchmarks. The Fund House also engages in an active management style to achieve this. The schemes that are offered are as diverse as can be and the blend of the products – large, mid and small cap or sector specific, are designed to leverage the growth opportunities of Indian equities.There are several benefits of investing in SBI Mutual Funds:
The SBI Funds Management has comprehensive experience and expertise and is one of the major advisers to pension funds, financial institutions and asset management companies
The products offered are picked based on empirical research and potential, and for the most part, carry a CRISIL rating of three or more
SBIMF over the years has excelled at understanding the objective and needs of its investor and has catered to their risk-return expectations
There is a wide spectrum of funds that SBI offers, to suit i
nvestors appetite for high to moderate to low risk.
Depending on your personalized requirements, you can pick from a wide range of custom
ized investment plans to meet your investment needs
SBI MF offers both domestic funds and offshore funds
10. Top SBI Fund Managers
The SBIMF has a mix of highly experienced and knowledgeable management team that has been responsible for consistently delivering value to its investors. As a joint venture between SBI and AMUNDI, the fund house some of the top fund managers of the country managing the mutual funds’ department.
a. Top Fund Managers: SBIMF Equity
i. Mr. R. Srinivasan
Mr. Srinivasan is the Head of Equity at SBIMF of which he has been a part of since May 2009. With more than 25 years of experience, he also directly manages a number of funds.
ii. Ms. Sohini Adnani
Ms. Adnani is a Fund Manager and has been with SBIMF since 2010, bringing with her over 11 years of research experience in the financial domain.
iii. Mr. Richard D’Souza
Mr. D’Souza is a Fund Manager with SBI MF managing the thematic funds, with over 17 years of experience in the financial services industry. He joined SBIMF in the year 2010.
iv. Mr. Dinesh Balachandran
A CFA, Mr. Balachandran is a Fund Manager with SBIMF with over 10 years experience. He has been with SBIMF since 2012.
v. Mr. Anup Upadhyay
A CFA, Mr. Upadhyay is Head of Research at SBIMF and is a Fund Manager for Equity Opportunity Fund and SBI It Fund.
b. Fixed Income Funds
i. Mr. Rajeev Radhakrishnan
Mr. Radhakrishnan is Head of Fixed Income at SBIMF and also a Fund Manager. He is a CFA and has been a part of the SBIMF Fixed Income team since 2008.
ii. Mr. Dinesh Ahuja
Mr. Ahuja has been with SBIMF since 2010 and is a Fund Manager in the Fixed Income Funds. He has been in this industry since 1998.
iii. Mr. R. Arun
A FRM Charter holder of Global Association of Risk Professionals, Mr. Arun bring to SBIMF extensive expertise and knowledge. He is a Fund Manager and has been with SBIMF since 2009.
iv. Ms. Mansi Sajeja
A Charter holder of the CFA Institutes, Ms. Sajeja is a Credit Analyst and a Fund Manager with the SBIMF which she joined in the year 2009. v. Mr. Lokesh Mallya With over 9 years experience in the Indian fixed income market and a CFA and FRM Charter holder, Mr. Mallya is a Credit Analyst with SBIMF which he joined in 2014.
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