SBI Mutual Funds

SBI Mutual Funds

Formed under the Trust Act of 1882, SBI Funds Management Ltd (SBIFML) holds the distinction of being India’s oldest public sector fund house. SBI Mutual Fund is a joint venture between the State Bank of India and Amundi, which is a French asset management company. 

Registered with the Securities and Exchange Board of India (SEBI), the firm is renowned as the 1st mutual fund player in the Indian industry to launch Contra and ESG (Environmental, social, and governance) Fund. With assets managed over Rs. 886,151.89 crore as of 31 December 2023, this leading Indian AMC has surpassed Aditya Birla and HDFC Mutual Funds to become the 3rd largest mutual fund body by AUM (Assets under Management). 

Invest in SBI Mutual Fund

List of SBI Funds Management Ltd Fund Managers

Name
Experience
Schemes
AUM (Cr)
Anup Upadhyay
14 Years
2
₹24629 Cr
Ranjana Gupta
23 Years
120
₹16859 Cr
Rama Srinivasan
26 Years
8
₹12858 Cr
Nidhi Chawla
12 Years
7
₹3591 Cr
Lokesh Mallya
9 Years
7
---
Richard D'souza
27 Years
12
---
Milind Agrawal
9 Years
3
---
R. Srinivasan
11 Years
23
---
Dinesh Balachandran
10 Years
17
---
Saurabh Pant
12 Years
17
---
Mohit Jain
6 Years
63
---
Mansi Sajeja
12 Years
33
---
R. Arun
13 Years
16
---
Rajeev Radhakrishnan
18 Years
82
---
Tanmaya Desai
11 Years
6
---
Neeraj Kumar
13 Years
8
---
Raj gandhi
16 Years
4
---
Raviprakash Sharma
20 Years
16
---
Harsh Sethi
18 Years
8
---

Key information about SBI Mutual Fund

Address

9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051

Phone Number

1800 209 3333 / 1800 425 5425 (within India) 

+91-22-62511600 / +91-80-25512131 (outside India) 

Factors to Consider Before Investing in SBI Mutual Fund

If you intend to invest in SBI Mutual Funds, it is in your best interest to take the following factors into consideration before proceeding.

  • Investment goals

    Before choosing an SBI mutual fund, you need to make sure that it aligns with your investment goals and horizon. All mutual fund schemes are designed with a particular strategy. 

    While some funds work well for short-term investments, others may be ideal for retirement planning. Therefore, you must identify your financial goals first and then look for the SBI mutual fund plans that suit your needs.

  • Liquidity and exit load

    You must compare and evaluate the liquidity of different mutual fund schemes. This way, you can ensure how flexible it is to redeem the units of the scheme you are prioritising. In addition, you must also look out for the exit load in advance that will be associated with the redemption. 

  • Fund type and category

    Another factor to consider before starting your mutual fund investment journey is the fund type and category offered by your preferred AMC. Each fund is associated with a unique level of risk. You should choose only those schemes that suit your risk appetite. 

    In this case, SBI Mutual Fund offers 37 equity funds, 22 debt schemes, 11 hybrid schemes and 2 others like gold funds. 

  • Fund performance

    The fund performance is one of the most important factors to consider when it comes to mutual fund investment. All investors must conduct proper research on the past performance of their preferred scheme over different time frames. 
    Over the last 3 years, SBI Infrastructure Fund Direct-Growth has ranked as the top-performing SBI mutual fund scheme with 32.61% returns. 

  • Tax implications

    Different SBI mutual fund schemes have different tax implications. For instance, the long-term capital gains made from equity funds might be exempt from taxation while the same made from debt funds comes with tax liabilities. Thus, assess the tax implications in order to maximize your returns. 
    Careful consideration of the above-outlined factors becomes crucial when it comes to making an informed investment decision. To compare different options, you can use the SBI Mutual Fund SIP Calculator on INDmoney and check your total investment returns. 

  • Risk Appetite

    Mutual funds are vulnerable to market changes, so it is essential to know how much risk you can comfortably take. Depending on how much risk you can tolerate, you should choose a scheme that matches your risk appetite.

How to Invest in SBI Mutual Fund?

After you have understood how SBI Mutual Funds are, it is time for you to start your investment process with INDmoney. Below are some simple steps to follow to start your mutual fund's investment journey with us.

  • Step 1:

    Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).

  • Step 2:

    Once your Free investment account is ready, you can either search for a SBI mutual fund or go to the mutual fund section.

  • Step 3:

    Choose any SBI Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUM, Expense ratios and underlying stocks and sectors.

  • Step 4:

    You can choose to set up SIP in any SBI Mutual Funds or even invest as lumpsum. Once you are on the individual SBI mutual Fund page SBI from the bottom “One-time” for lump sum investment or “SIP” for systematic investment plan.

  • Step 5:

    Choose the amount that you want to invest as SIP or Lumpsum.

  • Step 6:

    Set up payments. If you choose to set up SIP in any SBI mutual funds, you can do a free automatic pay set up via bank mandate or UPI. If you choose to invest in lumpsum (one-time) then you can pay via UPI, net banking, NEFT or RTGS.

Frequently asked questions

Yes, you can redeem your mutual fund units offered by SBI Funds Management Limited offline by visiting the nearest fund house and submitting a request form. 

A team of skilled fund managers actively manages these funds. These managers use their expertise, research, and awareness of market trends to make investment decisions, aiming to deliver returns in line with the scheme’s objectives.

The SBI Mutual Fund allows its investors to be able to pause their SIPs for a maximum tenure of 3 months. In case if you have directly invested in the funds, you need to also fill out the SIP pause form online on the host website and also specify the intended time- period you wish to pause your SIPs. On the expiry of the time period, the SIP shall continue automatically

SBI Mutual Fund Trustee Company Private Limited is the trustee of SBI Funds Management Limited.

Yes, you need to open a demat account or link your existing one for investing in SBI Mutual Funds with INDmoney. 

When it comes to investment in SBI Mutual Funds, there is no upper cap on the amount you can invest in a month. However, the minimum amount to invest is Rs. 500 per month. 

To invest in an SBI mutual fund, you have to submit identity and address proof documents along with your PAN card.

You can directly withdraw the amount invested in any scheme of SBI Investment Managers (India) Private Limited through the INDmoney app by visiting the scheme's page and clicking on the Redeem button. After submitting the request, the amount will be credited to your bank account within a few days. If you prefer the offline mode, you would have to visit the nearest branch and submit the redemption form. You can also redeem your investment by going to the official website of the SBI Investment Managers (India) Private Limited Limited and signing in with the folio number.

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