The leading company in the banking industry introduces SBI mutual fund. Whenever we think about investing in a mutual fund most famous names of the bank come to our mind because they all belong to the space of finance.
One interesting fact that you need to know is that none of the banking companies run mutual funds as it is not their core business. There is a separate entity which is also known as a mutual fund company or Asset Management company which looks over mutual fund operations.
You must have heard of SBI Ltd. and SBI Mutual Fund here SBI is a bank where people come and deposit their money and the same money is lent to other people as loans whereas SBI Mutual Fund is a mutual fund company where people invest their money and expects some return on it.
You can remember the difference between Bank and Mutual Fund Company by understanding the objective of the bank and mutual fund.
In this Blog, We are going to learn about the mutual fund of SBI and Its scheme and how you can make the best out of this mutual fund company.
What is SBI Mutual Fund?
On June 29, 1987, State Bank of India (SBI) sponsored the creation of SBI Mutual Fund as a Trust, and SBI Mutual Fund Trustee Company Private Limited served as the trustee.
On December 23, 1993, it was filed with SEBI. A contract establishing the fund house as a joint venture was signed on April 13, 2011, by SBI and AMUNDI Asset Management.
In terms of equity, debt, hybrid, and other categories, the fund house now offers a huge selection of mutual fund schemes. Assets under management (AUM) for SBI Mutual Fund as of May 31, 2022, were Rs. 6,47,602 crore. It controls 16.82% of the market’s AUM.
Along with overseas funds, the fund house provides a wide selection of domestic mutual fund schemes in the equity, debt, and balanced categories.
The goal of SBI Mutual Fund is to become the most dependable and admired asset manager.
The fund house’s primary goal is to outperform the benchmark through the active management of client portfolios and research-supported investments in Indian stocks.
What is SBI Mutual Fund Scheme?
Every mutual fund company has a variety of schemes under its wings, just like SBI mutual fund has. These mutual fund varies in the terms of risks,objective, asset class etc.
To understand more about mutual fund scheme, you need to know about all types of mutual fund.
SBI mutual fund has categorized all mutual fund scheme in equity, debt and hybrid. If I list all the mutual fund schemes of the same mutual fund then this will make this blog a boring so I will list top mutual schemes with their year on return.
Here is the main table which you can refer at the time of investing with the mutual fund returns.
| Mutual Fund Scheme Name | Category | 3-Year Return | 5-Year Return |
| SBI Blue Chip Direct Plan Growth | Large Cap | +15.56% | +11.01% |
| SBI Flexi Cap Fund Direct-Growth | Flexi Cap | +14.57% | +9.99% |
| SBI Focused Equity Fund Direct Plan-Growth | Flexi Cap | +14.38% | +11.28% |
| SBI Equity Hybrid Fund Direct Plan-Growth | Aggresive | +12.50% | +10.47% |
| SBI Savings Fund Direct-Growth | Money Market | +4.98% | +6.21% |
What is SBI Mutual fund NAV
Net Asset Value is the price of unit which mutual fund is giving in exchange of your invested money. The price of NAV depends on the assets in which the mutual fund company has invested. As there are lots of schemes in The NAV of SBI mutual fund depends on the scheme.
Investors also refer this as SBI Mutual fund share price. But Logically It is not the share price. Share Price is price of a share which is traded on the stock exchange. Also we buy share from the seller and we buy NAV from mutual fund company.
This is SBI Mutual Fund NAV
Conclusion
SBI Mutual Fund offers you variety of mutual fund scheme in which retail investor like you and me can invest. Every fund has a specific fund manager which decides in which asset class the mutual fund is going to invest.
It is very important to check with mutual fund manager as his decision will directly impact the return on the investment. You can invest in SBI mutual fund directly and indirectly with the help of SBI mutual fund website and online brokers like Upstox, Groww and ET Money.
I highly recommend you to check the educational background of that fund manager and also check how he/she has performed in past years. You will get all these details in the SID (Systematic Investment Document) of the same mutual fund scheme.
I hope you enjoyed this guide on SBI mutual fund and learned more about this fund.
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Till Then
Happy Learning! Happy Investing!
Frequently Asked Questions
Is it safe to invest in sbi mutual fund scheme?
Every mutual fund investment has some level of risk, and since your returns are based on the market, no AMC can ensure the safety of your money. SBI Mutual Fund, on the other hand, is a well-known AMC in the nation and has been active for about 30 years. As of May 2022, it had AUM totaling Rs. 6,47,602 crore. Additionally, SEBI regulates all fund houses, including SBI Mutual Fund.
Which is best SBI Mutual Fund for short term?
A three-year maximum duration applies to short-term investments. For such an investing horizon, debt funds are appropriate. To choose the best debt fund, consider how the average portfolio maturity of the fund aligns with your investing horizon. You can invest in an overnight fund if your investing horizon is a few days. Low duration funds, on the other hand, will be more appropriate if it is between 6 and 12 months.
What are the documents required to invest in SBI mutual fund?
Proof of address and proof of identity are required papers for KYC (Know Your Customer). Aadhar Card, PAN Card, Bank Statement and Cancel Cheque are more than enough. Your Aadhar Card and PAN Card should be linked to your phone number for verification.
How to Contact SBI Mutual Fund?
You can go their official website and also you call dial for SBI mutual fund toll free number 022-61793000 / 1800-425-5425.