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Best SBI Mutual Funds – Let’s Consider

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Best SBI Mutual Funds

SBI Mutual Funds 

The SBI mutual fund trustee company pvt ltd was set-up under the trust controls of ‘SBI MUTUAL FUNDS’, one of India’s oldest & largest MFs. The SBI mutual fund between one of India’s most profitable and largest banks ‘The State Bank of India, and ‘Amundi Management Company’.  

The set-up of SBI mutual fund was implied on 29th June 1987 & was incorporated on 7th February 1992. It was considered as India’s second mutual fund after the Unit Trust of India started its operations in the year 1963. Also, in July 2004, the State Bank of India decided to divest 37% of the fund & roped in Amundi as a partner.  

The SBIMF is registered with SEBI or the Securities and Exchange Board of India. Apparently with the reports, the SBIMF has witnessed a 7% growth in AUM in the year 2019.  

Key Information  

Mutual Fund  SBI Mutual Fund 
Founded  30th June 1987 
Incorporated  7th February 1992 
Sponsors  State Bank of India 
Trustee  SBI Mutual Fund Trustee Company Pvt Ltd 
MD & CEO  Mr. Ashwani Bhatia 

 

Top Fund Managers 

Name 
 
Mr. Ashwani Bhatia 
Mr. Nicholas Simon 
Mr. R.S. Srinivas Jain 
Mr. D.P. Singh 
Ms. Aparna Nirgude 
Mr. Rahul Mayor 

 

BEST SBI Mutual Fund 

Let’s take a look: 

  • SBI Magnum Constant Maturity Fund Direct GrowthThe objective is to provide the investors with the returns generated through investments in government securities issued by the Central Government of India & State Government. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 445 crores. 1-year returns provided by the fund is 18.5%.  
  • SBI Multi Asset Allocation Fund Direct GrowthThe objective is to provide regular income, liquidity & attractive returns to investors additionally to mitigating the impact of interest rate risk through an actively managed portfolio of fixed rate floating rate and debt instruments, and derivativesequity, and money market instrumentsMinimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 258 crores. 1-year returns provided by the fund is 7.2%. 
  • SBI Magnum Medium Duration Fund Direct Growth: The objective of this fund is to provide better returns to the Unit holders/Magnum holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt, equity & money market instruments. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 1842 crores. 1-year returns provided by the fund is 11.9%.
  • SBI Focused Equity Fund Direct Plan GrowthTo provide the investors with maximum growth opportunity through equity investments in stocks of growth-oriented sectors of the economy. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 5127 crores. 1-year returns provided by the fund is 0.6%. 
  • SBI Magnum Children’s Benefit Fund DirectThe objective of this scheme is to provide attractive returns to the Unit holders/Magnum holders by means of capitalappreciation through an actively managed portfolio of debt, equity & money market instruments. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 62 crores. 1-year returns provided by the fund is 0.4%.
  • SBI Small Cap Fund Direct GrowthThis fund seeks to generate income & long-term capital appreciation by investing in a diversified portfolio of pre-dominantly equity & equity related securities of companies known as industry leaders. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 2413 crores. 1-year returns provided by the fund is –8.3%. 
  • SBI Banking & Financial Services Fund Direct GrowthThe investment objective of this scheme is to generate long-term capital-appreciation to unit holders from a portfolio that is invested pre-dominantly in equity & equity related securities of companies engaged in banking & financial services. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 1015 crores. 1-year returns provided by the fund is 4.5%. 
  • SBI Corporate Bond Fund Direct – GrowthThis scheme seeks to provide the investors with an opportunity to pre-dominantly invest in corporate bonds that are rated AA+. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 0 crores. 1-year returns provided by the fund is –100.0%. 
  • SBI Dynamic Asset Allocation Fund Direct GrowthThe objective of this fund is to provide investors with an opportunity to invest in a portfolio of a mixture of equity & equity related securitiesand; fixed income instruments. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 683 crores. 1-year returns provided by the fund is 0.2%. 

Why Invest with Gulaq? 

  • Registered with SEBI 
  • Paperless Sign-up  
  • Free KYC 
  • Only Direct Mutual Funds – ZERO Fees/Commission/Charges 

Looking forward to investing? Let’s Talk!  

If you are looking to invest in mutual funds, hop on to www.gulaq.com or you can talk to the experts.  

 

*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

Rating: 4.9/5. From 11 votes.
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