SBI Mutual Funds

SBI Mutual Funds

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SBI Mutual Funds (SMF) was established in 1987. It is a joint venture between one of the largest public sector bank State Bank of India and Amudi, European Asset Management Company. It's headquartered in the state of Maharashtra in Mumbai city. SBI Mutual Funds Assets under management are 2.54 lakh Crores as per the latest statistics. It's one of the leading mutual fund company. Under the leadership of it's CEO Anuradha Rao, the company has achieved great milestones. They got versatile products to offers its customers. SBI Mutual Funds company got a variety of portfolio to offer. Before having a glance at different types of mutual funds SMF offers we must be familiar with some technical terms related to the mutual funds.

SBI Mutual Funds – Commonly Used Terms

Entry Load

Entry load is the charge that is levied on the investors for entering in the mutual funds investment. This cost is charged to cover the distribution cost.

Exit Load

Exit load is charged at the time of withdrawing your money from the mutual funds. Usually, the amount of exit load is 1% of your mutual funds. It is charged to discourage early exits from the mutual funds.

NAV

Net Asset Value (NAV) is the unit price of the mutual fund that you pay to acquire it. Value of NAV is based on the market and type of fund selected.

Growth

Growth funds refer to the funds that are invested back in the business. It may give you better returns after a certain time period.

Dividend

Dividend option in your mutual funds investment allows you to withdraw your profit after a period based on the types of mutual funds chosen. Time Period can even be daily in the case of ultra-short funds.

Blend

The blend is a balance of growth as well as dividend funds. You may withdraw the amount as per the terms and conditions of the mutual funds.

Small- Cap

Small cap are the funds that get invested in the firm whose market capitalization is between 300 million dollars to 2 billion dollars.

Mid- Cap

Mid- Cap funds are invested in the firms whose market capitalization is between 2 billion dollars to 10 billion dollars.

Large Cap

Large-cap funds are invested in the firm that got market capitalization above 10 billion dollars.

Open-Ended

Open-ended mutual funds don't have any locking period. You can liquidate your investments as per your convenience.

Closed-Ended

Closed-ended mutual funds got a locking period for a certain time period. If you withdraw your amount before the locking period then you may have to bear heavy expenses.

Direct Plan

Direct plans are the ones that you can directly buy from the mutual fund's companies.

Regular Plan

Regular plan is brought from the distribution networks like bank or agents.

SBI Mutual Funds*

Scheme Type Net Asset Value (NAV) Return (%age) in 5th Year Return (%age) in 3rd Year Return (%age) in 1st Year
SBI Small Cap Fund Direct Growth 52.38 -14.52 15.98 32.45
SBI Small Cap Fund Direct Dividend 35.76 -14.52 15.98 32.45
SBI Small Cap Fund Growth 49.1 -15.53 14.61 30.9
SBI Small Cap Fund Dividend 29.01 -15.53 14.61 30.9
SBI Magnum Fund Direct Growth 47.2 -4.17 12.16 20.52
SBI Magnum Fund Direct Dividend 23.59 -4.17 12.16 20.52
SBI Focussed Equity Fund Direct Plan Growth 133.98 -1.08 12.49 20.04
SBI Focussed Equity Fund Direct Plan Dividend 32.64 -1.08 12.49 20.04
SBI Magnum Multicap Fund Growth 44.86 -5.26 10.92 19.41
SBI Magnum Multicap Fund Dividend 20.08 -5.26 10.92 19.41
SBI Focusses Equity Fund Growth 127.19 -2.11 11.45 18.98
SBI Focusses Equity Fund Dividend 23.26 -2.11 11.45 18.98
SBI Large & MidCap Fund Growth 208.52 -4.25 10.09 18.1
SBI Large & MidCap Fund Dividend 94.19 -4.25 10.09 18.1
SBI Equity Hybrid Plan Direct Plan Growth 132.28 .23 10.42 17.06
SBI Equity Hybrid Plan Direct Plan Dividend 40.18 .23 10.42 17.06
SBI Magnum Children’s Benefit Fund Direct Blend 57.56 2.46 14.32 17.05
SBI Magnum Children’s Benefit Fund Blend 54.69 1.3 13.36 16.05
SBI Equity Hybrid Fund Growth 125.28 -.75 9.19 15.9
SBI Equity Hybrid Fund Dividend 27.55 9.19 15.9 15.9
SBI Exchange Traded Fund Sensex Growth 372.59 6.49 12.13 13.22
SBI Magnum Medium Duration Fund Direct Growth 32.6 5.82 9.87 10.99
SBI Magnum Medium Duration Fund Direct Dividend Quarterly Dividend 13.62 5.82 9.87 10.99
SBI Magnum Medium Duration Fund Growth 31.15 4.82 8.74 10.05
SBI Magnum Medium Duration Fund Dividend Quarterly Dividend 13.02 4.82 8.74 10.05
SBI Dynamic Bond Direct Plan Growth 22.85 3.64 8.32 8.97
SBI Dynamic Bond Direct Plan Dividend 13.75 3.64 8.32 8.97
SBI Dynamic Bond Fund Growth 21.94 2.7 7.51 8.2
SBI Dynamic Bond Fund Dividend 12.43 2.7 7.51 8.2
SBI Magnum Ultra Short Duration Fund Direct Growth 4045.16 7.75 7.43 7.99
SBI Magnum Ultra Short Duration Fund Direct – Dividend Weekly Dividend 1077.87 7.75 7.43 7.99
SBI Magnum Ultra Short Duration Fund Direct – Dividend Daily Dividend 1675.03 7.75 7.43 7.99
SBI Magnum Ultra Short Duration Fund Regular Growth 4025.28 7.63 7.33 7.89
SBI Magnum Ultra Short Duration Fund Regular-Dividend Weekly Dividend 1077.86 7.63 7.33 7.89
SBI Magnum Ultra Short Duration Fund Regular-Dividend Daily Dividend 1675.03 7.63 7.33 7.89
*Funds NAV & returns may change according to the market

Types of SBI Mutual Funds

  1. Equity - There are many kinds of equity funds that SBI Mutual Funds facilitates its customers. Equity funds involve more risks but chances of getting profits are also higher in the case of equity funds. There are many kinds of equity funds that you can invest in. Some of them are ELSS, Sector funds, Global funds, Index funds etc.

  2. Hybrid - Hybrid funds are also called as balanced funds. It involves investment in both equity and debts. The investor who plans to take a calculative risk can invest in such kinds of funds.

  3. Arbitrage Funds - These funds are kind of ETF that makes money by the differential of the cash price of the commodities. Arbitrage funds can deal in any kind of products such as gold, bond etc.

  4. Debt - Debt funds are one of the most conservative mutual funds that get invested in the least risky investments. Government bonds and securities are the most common types of debt funds.

Features & Benefits – SBI Mutual Funds

  1. Tax Benefits - SBI Mutual Funds helps you with tax benefits according to section 80 c of the Income Tax Act of 1961. One of the most common tax instrument that you can get from SBI mutual fund is ELSS.

  2. Withdrawal Benefits - You can choose to pick open-ended funds that can facilitate you with dividend benefits. This can give you the benefit of withdrawing your money anytime with ease.

  3. Maximum Returns - Mutual funds are the investments where you can expect maximum benefits. To leverage the best advantage you must stay invested in your mutual funds for a longer duration.

  4. Easy to Buy - There are many platforms by which you can buy your mutual funds easily. Mutual funds can be easily brought from online or offline channels.

  5. Lots of Varieties - You can choose your mutual funds out of wide varieties of mutual funds that SBI offers.

  6. Certified Subject Matter Expert - One of the best parts of your mutual funds is you get a qualified portfolio manager who can help you manage your funds. They are the professionals who are experts in understanding the market trends. They can help you in investing your funds prudentially.

Faq's

1. How to Buy SBI Mutual Funds?

There are many channels available through which you can buy your mutual funds. Selection of the channel is also based on the types of mutual funds chosen. Some of the platforms that you can choose to buy your mutual funds are as follows:-

Sno. Channels to Buy SBI Mutual Funds
1. Mobile Apps
2. Agents
3. Banks
4. Financial Institutions
5. Mutual Fund Companies
6. Online

Mobile Apps

You can download the app of direct mutual fund companies or aggregators and select your mutual fund. Payments can be easily made through multiple options. Wallet payment is one of the most popular these days.

Agents

Agents at times act as a portfolio manager and ease your pain of selecting mutual fund of your choice. They can give your step-by-step guidance in selecting the right funds. However, you may need to pay little more for their commission.

Banks

Banks are one of the most popular distribution networks for mutual funds. You may not need to do any separate KYC through this platform. There are many customized plan available on your banks.If you are able to get the mutual fund of your choice then you can buy it through your bank.

Financial Institutions

There are well know financial institutions like Karvy that can help you in choosing the best mutual funds. You can pay a direct visit there to complete your E-KYC and pick up mutual funds of your choice.

Mutual Fund Companies

There are specialized companies like CAMS that deals exclusively in mutual funds. You can check the portfolio of their mutual funds and decide to choose the right one for yourself.

Online

The online platform is one of the most preferred channels of choosing the mutual fund as well. There are so many websites that can offer you the mutual fund instantly. You can swiftly make the payment through a secured channel and buy a mutual fund of your choice.

2. What are the Best SBI Mutual Fund?

SBI offers varieties of mutual funds to choose from. You can select the one that can meet your financial goals and satisfy your risk appetite. All mutual funds offer some or other unique benefits. Before selecting the mutual funds of your choice you can analyze their performance and pick your mutual fund accordingly. Some features of SBI Mutual Funds are elaborated below.

SBI Magnum UltraShort Duration Fund Regular- Dividend Daily

It is a kind of open-ended mutual fund. It is called as ultrashort as you can withdraw your funds on a daily basis.

SBI Dynamic Bond Fund – Growth

These funds get invested in high performing bonds yielding maximum returns. You can get the best returns if your fund is invested for a longer period. Since it's a growth fund your profits will automatically get invested back in your funds and you can expect better returns over the period.

SBI Exchange Traded Fund Sensex

It is a tax saving mutual plan that gets invested in various stocks. By investing in this mutual fund you can plan your tax easily.

SBI Small Cap Fund- Direct

SBI small cap direct fund is an open-ended growth fund. You can withdraw the money when you see the profits coming from your funds.

Above are just a few examples of mutual funds provided by SBI Mutual Funds. You can invest in any one of them according to your financial goals.

3. What is the Right Time to Withdraw Your Funds?

You can withdraw your funds anytime in open-ended funds. In the closed-ended funds, you can withdraw your money only after the locking period. There is no wrong or right time to take your money from your funds. Before extracting your funds from your investment analyze your financial needs. Alternatively, you can choose to encash if mutual funds are performing well. More you understand the market better you are able to decide what is the right time to take out your funds.

4. From Where Should You Buy SBI Mutual Funds?

There are multiple channels to buy SBI Mutual Funds. It may be a daunting task to choose the right platform. Mutual fund choice can help you in deciding appropriate platform to buy them as well. Also, you can select the channel according to your comfort level. If you are mobile-savvy than you can easily buy it through mobile apps. You can also buy it online from any website. If you don't prefer mobile or online channel than you can buy your funds directly from the mutual fund's company. Last but not the least you can choose to buy your mutual funds through agents also. Many people prefer to buy mutual funds online as you get lots of options at a cheaper rate. You can always do the pros and cons and choose your preferred platform accordingly.