Final Up to date on Jan 31, 2025 by Anjali Chourasiya
The SBI Mutual Fund (SBIMF) is the most important Asset Administration Firm (AMC) in India based mostly on the Belongings Beneath Administration (AUM). As of March 2022, the AUM of SBIMF was Rs. 6,47,067.24 lakh cr. SBIMF presents a number of mutual funds to go well with diversified funding wants. On this article, we talk about the highest 10 SBI Mutual Funds based mostly on their 5-yr CAGR together with their class, expense ratio, and 3-yr CAGR.
About SBI Mutual Funds
SBI Funds Administration Ltd (SBIFML) has a powerful lineage tracing again to the well-known state-run State Financial institution of India (SBI). The fund home is a three way partnership between SBI and France-based main fund administration firm Amundi. At present, SBI holds a 63% stake in SBIFMPL and the remainder is held by Amundi India Holding, a wholly-owned subsidiary of Amundi Asset Administration. Till June 2011, Amundi’s stake was held by Societe Generale Asset Administration S.A. (“SGAM”), a subsidiary firm of Societe Generale S.A (“SG”).
SBI Funds Administration Ltd’s imaginative and prescient is “To be essentially the most trusted and revered Asset Supervisor.” Its mission has been to make mutual funds a viable funding choice within the nation. As such, SBIMFL develops need-specific, revolutionary merchandise, and educates buyers about investing in capital markets by mutual funds. SBIMFL not solely manages home mutual funds for particular person buyers but additionally worldwide funds. It additionally presents portfolio administration advisory providers for institutional buyers.
Prime 10 SBI Mutual Funds
Be aware: The knowledge is dated 19 September 2022. The parameters used to filter the record of high 10 SBI Mutual Funds on Tickertape are:
- Fund home – SBI Funds Administration Restricted
- AUM
- 3-yr CAGR
- 5-yr CAGR – set from excessive to low
- Plan – Development
- Expense ratio
SBI Expertise Opp Fund
Having an AUM of Rs. 2,534.36 cr., this scheme is a sectoral fund that invests in technology-related devices. The expense ratio of the fund is 0.9%, whereas the 3-yr CAGR is 23.15% and the 5-yr CAGR is 24.70%.
SBI Tax Benefit Fund-III
That is an Fairness Linked Financial savings Scheme (ELSS) provided by SBIMF. Whereas the fund measurement is relatively smaller at an AUM of Rs. 30.37 cr., the scheme has an expense ratio of two.6%. The three-yr and 5-yr CAGRs of the fund are 37.81% and 24.19%, respectively.
SBI LT Benefit Fund-IV
This SBI mutual fund is an equity-linked financial savings scheme (ELSS) having an AUM of Rs. 181.72 cr. The three-yr CAGR of the fund is 37.47% and the 5-yr CAGR is 22.29%. An ELSS fund invests in fairness devices and comes with tax advantages.
SBI Small Cap Fund
This fund has an AUM of Rs. 14,043.87 cr. and an expense ratio of 0.72%. Speaking concerning the returns, the fund has a 3-yr CAGR of 33.49% and a 5-yr CAGR of 19.86%. The fund invests in small-cap shares. By nature, smallcap funds are extremely dangerous but additionally have the potential to generate larger returns.
SBI LT Benefit Fund-III
Having an AUM of Rs. 58.43 cr., that is one other ELSS scheme provided by the AMC. Whereas the 3-yr CAGR is 30.98%, the 5-yr CAGR is 16.88%.
SBI Consumption Opp Fund
It is a sectoral fund that focuses on consumption as a theme. The AUM measurement of the fund is Rs. 1,059.95. and the expense ratio is 1.26%. Speaking concerning the returns, the fund’s 3-yr CAGR is 24.82% and the 5-yr CAGR is 16.36%.
SBI Contra Fund
Having an AUM of Rs. 5,827.07 cr., this contra fund variant of the SBIMF has an expense ratio of 1.07%. The three-yr and 5-yr CAGRs are 31.55% and 15.58%, respectively. By definition, a contra fund bets towards the present market tendencies and invests in underperforming or depressed property on the time.
SBI LT Benefit Fund-II
That is one other ELSS scheme provided by SBI Mutual Funds that has an AUM of Rs. 33.09 cr. The expense ratio of the fund is 2.65% and the 3-yr and 5-yr CAGRs are 30.26% and 15.30%, respectively.
SBI Magnum Midcap Fund
It is a midcap fund provided by the SBIMF, this fund has an AUM of Rs. 8,043.42 cr. and an expense ratio of 1.01%. The three-yr and 5-yr CAGRs are 32.53% and 15.22%, respectively.
SBI Targeted Fairness Fund
It is a targeted fund having an AUM of Rs. 27,450.47 cr. and an expense ratio of 0.71%. The three-yr and 5-yr CAGRs are 20.78% and 15.09%, respectively. By definition, a targeted mutual fund invests in restricted shares belonging to restricted sectors.
Conclusion
Relying on the underlying property, mutual funds are of varied sorts – fairness funds, ELSS, targeted funds, sectoral funds, and so forth. So in case you are questioning which SBI mutual fund is one of the best, the reply will depend on components topic to your funding goal, danger urge for food, and return expectation. Do you wish to accumulate wealth over the long run? You’ll be able to think about fairness funds. And if you happen to want to get pleasure from enticing returns together with tax advantages, ELSS could be a appropriate choice. Earlier than investing in any mutual fund scheme, examine it with the friends of different fund homes to decide on one of the best one.
Tickertape’s Mutual Fund Screener helps you filter funds based mostly on varied parameters reminiscent of historic returns, rolling returns, volatility, danger, AUM measurement, and so forth. You’ll be able to additional consider the outcomes utilizing the respective Mutual Funds on Tickertape.
FAQs
Find out how to put money into an SBI mutual fund?
There are two methods of investing in SBI mutual funds. One, immediately through the fund home – on-line through the web site or offline by visiting the fund home. Second, through an SBI mutual fund distributor. The second choice is appropriate for buyers that don’t have a sound understanding of how mutual funds work and wish knowledgeable recommendation when selecting a scheme.
Do you have to select an SBI Mutual Fund solely based mostly on its AUM measurement?
The AUM is nothing however the measurement of the fund, which can not have a bearing on its returns. A smaller fund could carry out higher in comparison with a bigger one and vice versa relying on varied components such because the fund supervisor’s experience, the credit standing of the underlying property, maturity interval, and rate of interest. So, selecting a mutual fund solely based mostly on AUM could not offer you desired outcomes.
Which sort of SBI Mutual Fund ought to I put money into?
It will depend on varied components reminiscent of your monetary aim, funding horizon and danger. You probably have a high-risk urge for food and wish to create long run wealth, you possibly can think about fairness funds. Alternatively, you possibly can think about debt funds if incomes average returns by taking a average danger is your aim. Nonetheless, if you happen to want fast entry to your funds for liquidity functions and are usually not seeking to earn excessive returns, you possibly can think about investing in liquid funds. Equally, if you wish to get pleasure from one of the best of each fairness and debt, you possibly can think about investing in hybrid funds.
