SBI Mutual Fund
AUM
₹ 11,16,708 Cr.
AMC Age
37 Years
No. Of Schemes
594
SBI Mutual Fund, managed by SBI Funds Management, offers multiple investment schemes backed by the trust of India's largest bank. Their performance-driven approach and wide-ranging portfolio make them a preferred choice for stable growth and wealth creation.
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About SBI Mutual Fund
- About the Fund
- Key Information
- Types Of Funds
- Charges & Fees
- Risk Factors
Established on June 29, 1987, SBI Mutual Fund is India's largest bank-sponsored AMC. As a joint venture between the State Bank of India and Amundi Asset Management, it offers a diverse product range that caters to various investor profiles and investment horizons.
Key Features
- SBI Mutual Fund offers 81 investment schemes across equity, debt, hybrid, and solution-oriented categories with a 5-star Morningstar rating for multiple funds.
- The fund house products include top-performing funds like SBI Small Cap Fund, SBI Bluechip Fund, and SBI Magnum Income Fund.
- SBI Mutual Fund combines the trust of India's oldest and largest bank and asset management company, backed by 35+ years of history in wealth creation and global investment expertise.
- The fund house has offices in over 200 locations making up for a significant physical presence across PAN India.
- SBI Bank has a 63% stake in SBI Funds Management, allowing for strategic direction and boosting the fund’s credibility, performance, and growth.
Documents Required
To invest in SBI Mutual Fund, investors must complete the Know Your Customer (KYC) process and submit the required documents. Below is a list of documents based on investor type:
KYC Application Form: Completed and signed CKYC application form
In-Person Verification (IPV) – Mandatory for KYC compliance.
Bank Account Details – Canceled cheque or bank statement for linking the investment account.
Nomination Form (optional but recommended)
Proof of Identity (Any one of the following, self-attested):
- PAN Card (mandatory for investments above ₹50,000 per year)
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- NREGA Job Card (duly signed by a State Government officer)
Proof of Address (Anyone, except PAN card):
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- Utility Bills (not older than 3 months)
- Bank Account Statement/Passbook (not older than 3 months)
Investors are advised to contact SBI Mutual Fund’s customer service or visit its official website for any modifications, redemptions, or complaints.
SBI Mutual Fund Managers
Mr. R. Srinivasan
Mr. Dinesh Balachandran
Ms. Sohini Andani
Mr. Rajeev Radhakrishnan
Mr. Rohit Shimpi
How To Invest In SBI Mutual Fund With Choice?
SBI Mutual Fund FAQs
The best SBI Mutual Fund depends on your financial goals and risk tolerance. For long-term wealth creation, SBI Bluechip Fund and SBI Focused Equity Fund offer growth potential. Conservative investors may prefer SBI Magnum Income Fund or SBI Corporate Bond Fund. First-time investors can consider SBI Balanced Advantage Fund. Choice provides personalised fund recommendations based on your risk profile and investment horizon.
SBI Mutual Funds are subject to taxation based on the fund type and holding period. Equity-oriented funds held over 12 months attract 10% LTCG tax on gains exceeding 1 lakh annually, while shorter holdings face 15% STCG tax. Debt fund gains now follow the investor's income tax slab regardless of the holding period. SBI ELSS Tax Saver Fund offers Section 80C deductions up to 1.5 lakh annually with a 3-year lock-in period.
To invest in SBI Mutual Funds with Choice, you need a valid PAN card, an Aadhaar for KYC verification, address proof (passport/voter ID/driving license), identity proof, and an active bank account for fund transfers. Complete KYC verification is mandatory for all investors. All documents can be uploaded digitally on the Choice FinX platform for quick verification.
The minimum investment amount for SBI Mutual Funds starts at 500 for lump sum investments in most equity schemes and 1,000 for debt schemes. For Systematic Investment Plans (SIPs), you can start with as low as 100 monthly across most schemes, making them accessible for investors at all income levels.
Returns are based on the Net Asset Value (NAV), using this formula:Returns (%) = [(Current NAV - Initial NAV) / Initial NAV] × 100For SIPs, returns are calculated using the XIRR (Extended Internal Rate of Return), accounting for different investment dates and amounts. Choice provides comprehensive tools including return calculators to estimate your earnings and track and analyse your SBI Mutual Fund performance in real-time.
Yes, you can seamlessly switch between SBI Mutual Fund schemes through Choice FinX. The platform offers convenient switching options with clear visibility on exit loads and tax implications. This flexibility allows you to adjust your portfolio based on changing market conditions or financial goals without the need for redemption and reinvestment.
SBI Mutual Funds involve charges primarily through the Expense Ratio, which ranges from 0.10% to 2.25% depending on the fund type. Direct plans available on Choice FinX have lower expense ratios than regular plans. Some funds may carry Exit Loads ranging from 0.25% to 3% for redemptions within specified periods, typically 30 days to 3 years depending on the scheme.
No, a Demat account is not mandatory for investing in SBI Mutual Funds through Choice FinX. You can invest directly using the platform with just your KYC verification and bank account. If you prefer holding your mutual fund units in electronic form alongside other securities, open a Demat account with Choice for ease of investing in mutual funds.
You can easily access your SBI Mutual Fund statement through the Choice FinX platform under the Portfolio section, where you'll find comprehensive details about your investments, returns, and transaction history. Additionally, you can obtain statements directly from the SBI Mutual Fund website, through registered email requests, or via CAMS (Computer Age Management Services) investor service centers.
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