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SBI Mutual Fund offers a wide variety of investment solutions encompassing investors across risk profiles. It provides mutual fund in various categories including equity, debt, tax-saving, hybrid and fund-of-funds. It carries experience and expertise in fund management and hence remains one of the most sought-after mutual funds in the market. SBI Mutual Fund has domestic as well as offshore funds on offer. Investors can choose from a wide variety of options that are even tailor-made to suit their investment objectives. SBI Mutual Fund constantly endeavours to understand the needs and financial requirements of investors and aims to offer investment products that can suit all kinds of risk appetites, be it low, medium or large.
Benefits of SBI Mutual Fund
SBI Mutual Fund offers multiple investment avenues that can suit individual investors as well as business entities. It offers a variety of benefits to investors, some of which include:
- Capital appreciation at reduced risk exposure
- Combination of domestic and off-shore funds
- Customizable investment options that can be chosen basis individual financial goals
- Easier tax planning with ELSS – a diversified mutual fund that offers tax deduction benefits
- Multiple avenues for NRI investments
- Online investment which offers convenience, ease, and time-save
Types of Mutual Fund offered by SBI Mutual Fund
Equity Funds
SBI Equity Funds are designed to offer long-term capital appreciation via investment in thoroughly researched shares and securities of top-rated companies. The funds are picked depending on the performance consistency and are curated for generating high returns. Since these are high-risk funds, they require careful consideration on the investor’s part before investing.
SBI Magnum Midcap Fund
| Description | SBI Magnum Midcap Fund aims to provide investors with opportunities for long-term growth in capital by investing predominantly in a well-diversified basket of equity stocks of Midcap companies. Nearly 65% of the fund value is invested in mid-cap stocks. SBI Magnum Midcap Fund selectively invests the remaining fund value in other equities and equity related instruments (including large cap and small cap) and/or debt and money market instruments. |
| Objective | The fund provides long-term growth opportunities to its investors with the liquidity similar to an open-ended scheme. It invests primarily in equity stocks of midcap companies that are well diversified. |
| Date of Allotment | March 29, 2005 |
| Benchmark | Nifty Midcap 150 Index TRI S&P BSE Sensex TRI |
| Type of Scheme | Open ended equity scheme that follows a blend of growth and value style of investing while following a bottom-up strategy for stock selection across sectors. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | 1% for redemption within 365 days. |
SBI Magnum Multicap Fund
| Description | SBI Magnum Multicap Fund aims to provide investors with opportunities for long-term growth in capital through active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum. A minimum of 65% of the fund value is invested in equity and equity related instruments across market capitalization. The remaining 35% is allocated to debt and money market instruments. |
| Objective | The main objective is to allow 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. |
| Date of Allotment | September 29, 2005 |
| Benchmark | S&P BSE 500 Index |
| Type of Scheme | Open ended equity scheme investing in large cap, mid-cap, and small-cap stocks. The fund follows a bottom-up approach to stock picking and selects companies across sectors/styles. |
| Minimum Investment | Rs. 1000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | 0.1% for redemption within 30 days |
SBI Bluechip Fund
| Description | Open ended equity scheme that is actively managed, is well-diversified and comprises of large-cap equity stocks that offer investors long-term growth opportunity. |
| Objective | SBI Blue Chip Fund aims to offer investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of large cap equity. The fund invests a minimum of 80% in large cap stocks. Large cap stocks are well established companies having good brand equity and are possibly market leaders in their industries. Remaining 20% is invested in other equity, debt, and money-market instruments. |
| Date of Allotment | February 14, 2006 |
| Benchmark | S&P BSE 100 Index |
| Type of Scheme | Open ended equity scheme with focus on large-cap stocks It is an actively managed fund that is well-diversified, comprising of large-cap equity stocks that offer investors long-term growth opportunity. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | If you plan to withdraw funds within 1 year from the date of allotment, the fee is 1%; For exits after 1 year from the date of allotment - there is a Nil charge. |
SBI Magnum Equity ESG Fund
| Description | Open-ended equity scheme, SBI Magnum Equity ESG Fund invests in companies following the Environmental, Social and Governance (ESG) criteria. Companies are scored across parameters from Governance, Social & Environmental aspects of the company’s management of its affairs. Active weights of a security are determined by the ESG scores. A positive score will enable a positive active weight, and vice-versa. |
| Objective | The objective of this fund is to invest 80-100% in equity and equity related securities by following ESG criteria and 0-20% is invested in other equities and/or debt & money market instruments. |
| Date of Allotment | January 1, 1991 |
| Benchmark | Nifty 100 ESG Index |
| Type of Scheme | Open-ended scheme that is aimed at long-term growth, the fund comprises a diversified set of stocks from sectors like Environmental, Social, and Governance, etc. |
| Minimum Investment | Rs. 1000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | 1% for redemption within 365 days |
SBI Large & Midcap Fund
| Description | Open ended scheme which aims to provide investors with opportunities for long term capital appreciation by investing in a diversified portfolio comprising predominantly large cap and mid cap companies. |
| Objective | The fund maintains a minimum 35% exposure in both large caps as well as mid cap companies. Remaining assets are allocated to equity instruments of mid and small-cap companies along with debt instruments and money market instruments. SBI Large & Mid Cap Fund invests across sectors following a blend of growth and value style of investing and a combination of top down and bottom-up approach to stock-picking. The fund aims to benefit from the scale of large caps and growth potential of midcap companies. |
| Date of Allotment | February 28, 1993 |
| Benchmark | NIFTY LargeMidcap 250 |
| Type of Scheme | The fund provides opportunities for capital appreciation in the long run by investing in well-diversified large and mid-cap companies. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | 0.1% for redemption within 30 days |
SBI Debt Funds
SBI 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.
SBI Magnum Income Fund
| Description | Open ended scheme which invests based on a continuous evaluation of macro-economic factors, market dynamics and debt-issuer specific factors. The scheme invests its corpus in the entire range of debt and money market securities in line with the investment objective to provide attractive risk-adjusted returns to its investors through active management of credit risk and interest rate risk in its portfolio. |
| Objective | Main objective is to provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years. |
| Date of Allotment | November 25, 1998 |
| Benchmark | CRISIL Medium to Long Term Debt Index |
| Type of Scheme | Open ended scheme that 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. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
SBI Overnight Fund
| Description | Fund aims to provide investors an opportunity to invest in overnight securities maturing on the next business day. |
| Objective | The objective of the fund is to give investors the platform to invest in overnight securities that mature the following business day |
| Date of Allotment | October 1, 2002 |
| Benchmark | CRISIL Overnight Index |
| Type of Scheme | The Fund focuses on investment in overnight securities to generate returns corresponding to the overnight rates in the money markets. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | Nil |
SBI Magnum Medium Duration Fund
| Description | Scheme aims to provide investors an opportunity to generate attractive returns with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years – 4 years. |
| Objective | The scheme invests its corpus in the entire range of debt and money market securities in line with the investment objective to provide attractive risk-adjusted returns to its investors through active management of credit risk and interest rate risk in its portfolio. |
| Date of Allotment | November 12, 2003 |
| Benchmark | NIFTY Medium Duration Debt Index |
| Type of Scheme | 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. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | For units in excess of 8% of the investment,1.5% will be charged for redemption within 365 days |
SBI Liquid Fund
| Description | The scheme invests in the entire range of debt and money market instruments in line with the investment objective to provide attractive risk-adjusted returns to its investors while maintaining a high degree of liquidity to the investments. |
| Objective | Main objective is to provide the investors an opportunity to invest in the entire range of debt and money market securities with residual maturity up to 91 days only. |
| Date of Allotment | November 24, 2003 |
| Benchmark | Crisil Liquid Fund Index |
| Type of Scheme | This gives investors the chance to invest in a wide range of debt and money market securities with maturities up to 91 days only. |
| Minimum Investment | Nil |
| Entry Load | Nil |
| Exit Load | Nil |
SBI Dynamic Bond Fund
| Description | The investment strategy of the Scheme is to allocate fund corpus across debt securities including Central and State Government securities, debt derivatives and money market instruments of various maturities on the basis of the expected interest rate scenario. Since the interest rates can fluctuate at times, the fund endeavours to invest in highly liquid debt and money market instruments. The fund follows an active duration management strategy as a result of which the portfolio turnover could be high. |
| Objective | The main investment objective of this scheme is to provide investors attractive returns through investment in an actively managed portfolio of high-quality debt securities of varying maturities. |
| Date of Allotment | February 9, 2004 |
| Benchmark | NIFTY Composite Debt Index |
| Type of Scheme | This is a high quality actively managed portfolio of debt securities that has varying maturities offered to investors along with attractive returns. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | For units in excess of 10% of the investment,0.25% will be charged for redemption within 30 days. |
SBI Hybrid Funds
SBI Hybrid Funds are focused on a variety of asset classes that carefully blends equity and debt. The schemes offer the investor a diverse variant of hybrid funds to pick from.
SBI Equity Hybrid Fund
| Description | The fund invests in a diversified portfolio of stocks of high growth companies and balance the risk through investing the rest in fixed income securities. Minimum of 65% of the fund value is invested in equity and equity related instruments. About 20-35% is allocated to debt and money market instruments. |
| Objective | SBI Equity Hybrid Fund aims to provide investors with opportunities for long-term capital appreciation with liquidity of an open-ended scheme by investing in a mix of debt and equity. |
| Date of Allotment | December 31, 1995 |
| Benchmark | CRISIL Hybrid 35 + 65 – Aggressive Index |
| Type of Scheme | Open-ended scheme that offers investors long-term capital appreciation opportunity and liquidity. A mix of debt and equity, the scheme invests in high growth companies and fixed income securities, thereby, balancing the risk. |
| Minimum Investment | Rs. 1000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
SBI Debt Hybrid Fund
| Description | Investments under the fund are a mix of debt, equity & money market instruments. Debt instruments are invested based on evaluation of macro-economic factors, market dynamics and issuer specific factors. Maximum exposure to equities is capped at 25% in this scheme. |
| Objective | 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. |
| Date of Allotment | April 9, 2001 |
| Benchmark | NIFTY 50 Hybrid Composite Debt 15:85 Index |
| Type of Scheme | It provides the investors an opportunity to invest primarily in debt and money market instruments and secondarily in equity and equity related instruments. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
SBI Multi Asset Allocation Fund
| Description | Investments under the fund are predominantly in a mix of debt, equity & commodity instruments (as permitted by SEBI from time to time). Debt instruments are considered based on evaluation of macro-economic factors, market dynamics and issuer specific factors. |
| Objective | Main objective is to provide the investors an opportunity to invest in an actively managed portfolio of multiple asset classes. |
| Date of Allotment | December 21, 2005 |
| Benchmark | 1/3 NIFTY+1/3 CRISIL Composite Bond Fund Index+1/3 Price of Gold |
| Type of Scheme | In this scheme, Investors are provided with an active portfolio of various asset classes. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
SBI Arbitrage Opportunities Fund
| Description | SBI Arbitrage Opportunities Fund invests 85% of the assets in arbitrage opportunities between equity & equity related instruments and derivatives including index futures, stock futures, index options and stock options. Remaining 15% of the assets are invested in debt and money market instruments. For absence of any arbitrage opportunities in the market, the allocation to debt and money market instruments (with tenure not exceeding 91 days) rises to 100% and for defensive consideration maximum of 65% of the assets is invested in arbitrage opportunities. |
| Objective | SBI Arbitrage Opportunities Fund aims to provide capital appreciation and regular income by identifying profitable arbitrage opportunities between the spot and derivatives market segments as also through investment of surplus cash in debt and money market instruments. |
| Date of Allotment | November 3, 2006 |
| Benchmark | NIFTY 50 Arbitrage index |
| Type of Scheme | 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. The fund only invests in money market instruments with unexpired maturity of less than 1 year. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | 0.25% for redemption within 30 days |
SBI Dynamic Asset Allocation Fund
| Description | SBI Dynamic Asset Allocation Fund mainly focuses on asset allocation between asset classes. This approach helps in reducing the risk of tracking the individual asset classes. The Scheme allocates higher weight to the asset class that is relatively favourable under the prevailing market and economic conditions. The optimal allocation between Equity,Debt and Cash is based on three principles: - Momentum - Rate of change in momentum - Exhaustion of momentum The scheme also uses derivatives for enhancement and rebalancing of portfolio. |
| Objective | Main objective is to provide investors with an opportunity to invest in a portfolio which is a mix of equity and equity related securities and fixed income instruments. The allocation between fixed income and equity instruments will be managed dynamically so as to provide investors with long term capital appreciation. |
| Date of Allotment | March 26, 2015 |
| Benchmark | 50% Crisil 1 year CD Index + 50% S&P BSE Sensex |
| Type of Scheme | 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. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | For units in excess of 8% of the investment,1% will be charged for redemption within 365 days |
SBI Equity Savings Fund
| Description | The fund invests a minimum of 65% in equity and equity related instruments of which cash-future arbitrage would be in the range of 15-70% and net long equity exposure would be in the range of 20-50%. Remaining asset balance is allocated in debt and money market instruments. In case adequate arbitrage opportunities are not available in the market, 30-70% is invested in equity and equity related instruments, of which cash-future arbitrage is in the range of 0-45% and net long equity exposure is in the range of 20-50%. The allocation to debt and money market instruments in this case is in the range of 30-70%. |
| Objective | SBI Equity Savings Fund aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity. |
| Date of Allotment | May 12, 2015 |
| Benchmark | Nifty Equity Savings Index |
| Type of Scheme | Open-ended equity savings scheme that seeks to generate regular income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market as well as capital appreciation through a moderate exposure in equity. |
| Minimum Investment | Rs. 1000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | The exit load structure is: 1. If the units are redeemed after one year from the date of allotment of the said units, then the exit load = Nil 2. If the units are redeemed within one year from the date of allotment of the said units and: a. The number of units redeemed is up to 9% of the allotted units, then the exit load = Nil b. The number of units is more than 9% of the allotted units, then the exit load for the remaining units = 1% of the applicable NAV |
Other Schemes Offered by SBI Mutual Fund
Some of the other unique schemes offered by SBI Mutual Fund are as below.
SBI Magnum Children’s Benefit Fund
| Description | The proportion of the scheme portfolio invested in each type of security varies in accordance with economic conditions, interest rates, liquidity and other relevant considerations, including the risks associated with each investment. The scheme intends to invest up to 25% of the corpus in equity and equity related instruments. |
| Objective | The primary objective is to offer investors an opportunity to earn regular income predominantly through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio. |
| Date of Allotment | February 21, 2002 |
| Benchmark | NIFTY 50 Hybrid Composite Debt 15:85 Index |
| Type of Scheme | Open ended scheme that focuses on offering regular income to investors by investment focus in safe avenues like debt and money market instruments. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | 3% for redemption within 365 days 2% for redemption between 366 - 730 days 1% for redemption between 731 - 1095 days |
SBI Nifty Index Fund
| Description | Open ended equity nifty linked scheme that adopts a passive investment strategy. The scheme invests in stocks comprising the s&P CNX Nifty index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of S&P CNX Nifty index by minimizing the performance difference between the benchmark index and the scheme. |
| Objective | The scheme will invest in stocks comprising the Nifty 50 index in the same proportion as their weightage in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/loss plus dividend payments by the constituent stocks. |
| Date of Allotment | January 17, 2002 |
| Benchmark | NIFTY 50 Index |
| Type of Scheme | Open ended scheme that follows Nifty 50 index. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | 0.2% for redemption within 15 days |
SBI ETF Sensex
| Description | Low-expense fund that offers efficient diversification. The companies in the underlying index are spread across a wide spectrum of sectors and are beneficial for an investor who is interested in building in a diversified investment portfolio. Easy to invest and sell at any time since the fund offers liquidity. It is also eligible for tax benefits. |
| Objective | The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the S&P BSE SENSEX by holding S&P BSE SENSEX stocks in same proportion. However, the performance of Scheme may differ from that of the underlying index due to tracking error. |
| Date of Allotment | February 9, 2013 |
| Benchmark | S&P BSE Sensex |
| Type of Scheme | This scheme is suitable for first time investors who are aware about the basic functioning of the stock market. Other retail investors can consider this fund for passive asset allocation. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | Nil |
SBI ETF Nifty Bank
| Description | SBI-ETF Nifty Bank replicates the Nifty Bank Index that essentially reflects the capital market performance of Indian Banks, allowing investors to tap into this potential. The banking sector mirrors the economy and is pivotal to economic growth. Introduction of major policy reforms, huge untapped potential in India and the diversity of the sector are drivers of growth and present a compelling investment opportunity. |
| Objective | The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. |
| Date of Allotment | March 20, 2015 |
| Benchmark | Nifty Bank |
| Type of Scheme | This scheme is suitable for investors who are looking to capture the benefits of Nifty Bank’s upward potential. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | Nil |
SBI ETF 10 Year Gilt
| Description | SBI-ETF 10 Year Gilt offers following features: Transparency: Investors know the ETF holdings, price and costs as they are disclosed on every business day. Liquidity: ETFs offer two sources of liquidity. Traditional liquidity measured by secondary market trading volume. Authorized participants boost the liquidity of ETFs. Diversification: Broad range of asset classes including equities, bonds, commodities, investment themes etc. Flexibility: ETFs are listed on exchanges and can be traded at any time the market is open. Cost effectiveness: ETFs offer a cost-effective route to diversified market exposure. |
| Objective | The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. |
| Date of Allotment | June 2, 2016 |
| Benchmark | Nifty 10 yr. Benchmark G-sec |
| Type of Scheme | This scheme is suitable for investors who are looking to capture the benefits of the underlying index especially during upward trends. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | Nil |
SBI ETF Gold
| Description | The scheme invests in gold and gold related instruments. The main endeavour of the scheme is to track the price of gold. Units of the scheme can be bought or sold through the National Stock Exchange, just like a stock. |
| Objective | The investment objective of the fund is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold. |
| Date of Allotment | September 17, 2010 |
| Benchmark | Gold Price |
| Type of Scheme | This scheme is ideal for investors who would like to invest in Gold but don’t like the hassles and costs of storing and safeguarding physical gold. As the unit price would closely resemble price of gold in the market – an investor can easily encash his holding by selling his units on the stock exchange. Thus, the fund offers an ideal way to invest in Gold and Gold bullion. |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Entry Load | Nil |
| Exit Load | Nil |
Documents required for investing in SBI Mutual Fund
- PAN Card
- Aadhaar Card
- Application form
- KYC Individual form
- Address Proof – Driving Licence, Passport, Voters ID, Ration Card, Registered Leave/Sale of Agreement Residence, Latest Bank Account Statement/passbook, Latest Electricity/Gas Bill
- Proof of Identity – Aadhaar, Voter’s ID, Passport, Driving License
- Cheque for SIP
How to invest in SBI Mutual Fund?
Investing in SBI Mutual Funds is very easy and hassle-free. Whether an investor is new to investments or is experienced, SBI Mutual Fund investments can be done with utmost convenience. The investor can simply visit the official website and choose a fund that suits his or her requirements.
Here are the steps to be followed for investment in SBI Mutual Fund.
- Visit official SBI Mutual Fund website
- Click on the ‘invest now’ option which is on the upper right-hand side of the web page
- The page will redirect to the lead form page. All necessary details have to be filled in appropriately
- The process is complete when payment is made by the investor towards the mutual fund investment
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