The SBI Mutual Fund Trustee Company Private Limited was established as a trust under the Trust Act of 1882. This Trust manages the SBI Mutual Fund, one of India’s largest and oldest mutual funds. The SBI Mutual Fund is a joint venture (JV) between one of the nation’s biggest and most profitable banks, State Bank of India and Amundi, a French asset management firm.
Here are the top 5 funds of SBI Mutual Fund
| Fund Name | Fund Size(in Cr) | 3Y Returns |
|
SBI Infrastructure Fund Direct Growth |
3,087 |
27.4%
|
| SBI Long Term Equity Fund Direct Plan Growth | 23,887 |
29.4%
|
| SBI Contra Direct Plan Growth | 30,520 |
30.8%
|
| SBI Healthcare Opportunities Fund Direct Plan Growth | 2,612 |
16.85%
|
| SBI Small Cap Fund Direct Growth | 28,375 |
26%
|
1. SBI Infrastructure Fund Direct Growth
One of SBI Mutual Fund’s equity mutual fund schemes is SBI Infrastructure Fund Direct-Growth. Bhavin Vithlani is now the fund manager of this scheme. As of July 06, 2024, it has an AUM of ₹3,087.55 Crores, and the most recent NAV declared is ₹57.245.
The minimum SIP amount to invest in this scheme is ₹500.
2. SBI Long Term Equity Fund Direct Plan Growth
One of SBI Mutual Fund’s Tax Saver mutual fund schemes is SBI Long Term Equity Fund Direct Plan-Growth. Presently managed by fund manager Dinesh Balachandran. The most recent NAV declared as of July 6, 2024, is ₹463.318, with an AUM of ₹23,887.64 Crores.
The minimum SIP amount to invest in this scheme is ₹500.
3. SBI Contra Direct Plan Growth
During the last three and five years, the fund’s annualized returns have been around 30.75% and 29.45%. SBI Mutual Funds’ Equity category includes the SBI Contra Fund. As of July 6, 2024, its AUM is ₹30,520 Crores.
The minimum SIP amount to invest in this scheme is ₹500.
4. SBI Healthcare Opportunities Fund Direct Plan Growth
The fund’s annualized returns over the last three and five years have been around 16.85% and 28.49%, respectively. Mutual Funds’ Equity category includes the SBI Healthcare Opportunities Fund. As of July 6, 2024, its AUM is ₹2,612 Crores.
The minimum SIP amount to invest in this scheme is ₹500.
5. SBI Small Cap Fund Direct Growth
One of SBI Mutual Fund’s equity mutual fund schemes is SBI Small Cap Fund Direct-Growth. Fund managers Rama Iyer Srinivasan and Mohan Lal are now in charge of this scheme. Its AUM is ₹28,375.34 crores and as of July 6, 2024, the most recent NAV declared is ₹204.892.
The minimum SIP amount to invest in this scheme is ₹500.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.