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Redeem and a Bit about SBI Mutual Funds

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how to redeem sbi fund

About SBI Mutual Fund  

 SBI Mutual Funds is a joint venture between the largest bank State Bank of India and a European asset management company, named Amundi. The SBI mutual fund company was constituted as a Trust under the provision of Indian Trust Act 1882 particularly registered with SEBI (The Securities and Exchange Board of India). The headquarters are based out of Mumbai, India.  

SBI Mutual Fund – The Benefits  

 Before investing in SBI mutual funds, let’s figure out the benefits: 

  • The management of SBI mutual funds is expertise in the field of advisory to pension funds, asset management companies and financial institutions.  
  • SBI mutual funds have skilled the understanding of needs and objectives of its investors; also, has catered their risk-return expectations.  
  • The products offered in SBIMF are hand-picked based on potential, and empirical research, and most importantly, carrying a CRISIL rating of three or maybe more.  
  • SBIMF offers both offshore funds and domestic funds.  
  • The investor can pick her investment fund according to her requirements from a vast range of customized plans available.  
  • There is a spectrum of funds that SBIMF offers, thus, suiting the appetite for high-moderate-to low risk for investors.  

Top 5 SBI Mutual Funds 

Here: 

  • SBI Technology Opportunities FundIt is an equity mutual fund scheme that was launched by SBI mutual fund. Later on, it was introduced on 9th Jan 2013 to its investors. Currently, the fund is managed by Anup Upadhyay. Talking about AUM, it is of INR 134 Cr, and, the latest NAV is of INR 63.16 (dated as of 27th April 2020). The fund growth is rated high risk. Also, the minimum investment is INR 500, and, lumpsum investment is INR 5000. 
  • SBI Magnum Constant Maturity Fund: It is a debt mutual fund scheme that was launched by SBI mutual fund. Later on, it was invested on 10th Jan 2001 to its investors. Currently, the fund is managed by Dinesh Ahuja. Talking about AUM, it is of INR 573 Cr, and, the latest NAV is of INR 47.04 (dated as of 27th April 2020). The fund growth is rated moderate risk. Also, the minimum SIP investment is INR 1000, and, lumpsum investment is INR 5000.  
  • SBI Magnum Gilt FundIt is a debt mutual fund scheme that was launched by SBI mutual fud. Later on, it was introduced on 30th Dec 2020 to its investors. Currently, the fund is managed by Dinesh Ahuja. Talking about AUM, it is of INR 2251 Cr, and, the latest NAV is of INR 46.88 (dated as of 17th APRIL 2020). The fund growth is rated moderate risk. Also, the minimum SIP investment is INR 500, and, lumpsum investment is INR 5000. 
  • SBI Dynamic Bond FundIt is a debt mutual fund that was launched by SBI mutual fund. Later on, it was introduced on 9th Feb 2004 to its investors. Currently, the fund is managed by Dinesh Ahuja. Talking about AUM, it is of INR 1342 Cr, and, the latest NAV is of INR 26.57 (dated as of 23rd April 2020). The fund growth is stated moderate risk. Also, the minimum SIP investment is INR 500, and, minimum lumpsum investment is INR 5000.  
  • SBI Magnum Income Fund: It is a debt mutual fund scheme that was launched by SBI mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Dinesh Ahuja. Talking about AUM, it is of INR 1295 Cr, and, the latest NAV is of INR 52.86 (dated as of 27th April 2020). The fund growth is rated moderate risk. Also, the minimum SIP investment is INR 500, and, lumpsum investment is INR 5000.  

How to Invest in SBI Mutual Funds with Gulaq? 

 SBI mutual fund online investment is not a fuss, especially with Gulaq. With hassle-free and paperless documentation, the summing-up of your investment journey becomes easy. All you need to do is sign-in at gulaq.com. Check your KYC for FREE. Select the type of SBI mutual fund amongst the available and the tenure. Yay! it’s done!  

Looking to invest? Hop on to gulaq.com and start investing in direct mutual funds. Furthermore, you can also get in touch: [email protected] 

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*Disclaimer: investment in securities market are subject to market risks, read all the related documents carefully before investing

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