SBI Mutual Fund

Overview: SBI Asset Management Company

SBI Mutual Fund started with the aim ‘to be the most trusted and respected Asset Manager’ and is one of the leading fund houses in the country today with over 30 years of experience in fund management.

The joint venture between State Bank of India (SBI) and AMUNDI (a French international fund management company) believes in ‘growth through innovation’ and hence invest in stocks with promising high performance. Their mission is to make mutual funds a viable option for the masses by investing in need-specific products.

Ashwani Bhatia is the MD-cum-CEO of SBI Funds Management Private Limited who assures that SBI Mutual Funds endeavor to outperform the benchmarks through well researched investments and optimum risk management.

Type of Funds Offered by SBI Funds Management Pvt. Ltd

Equity Mutual Funds by SBI

Equity Mutual Funds by SBI offers schemes that invest in large-cap, mid-cap, and small-cap stocks. These funds tend to offer stellar long-term returns.

Here is a list of Top 5 SBI Equity Mutual Funds:

Fund Name	3 Year (%)	5 Year (%)	NAV	Fund Size (Cr)
SBI Banking & Financial Services Fund	15.8	NA	18.73	892.4
SBI Focused Equity Fund	11.06	12.98	151.25	4634.46
SBI Bluechip Fund	5.32	9.52	37.29	22754.43
SBI Infrastructure Fund	5.74	9.14	15.72	522.42
SBI Magnum Multicap Fund	7.48	11.71	46.69	7582.94

Debt Mutual Funds by SBI

SBI Debt Mutual Funds mainly invest in a mix of debts and fixed income securities. The fixed income securities include Treasury bills, Government Securities, Corporate Bonds, Money market instruments, etc. These securities have a fixed maturity date and offer a fixed rate of interest.

Here is a list of Top 5 SBI Debt Mutual Funds:

Fund Name	3 Year (%)	5 Year (%)	NAV	Fund Size (Cr)
SBI Credit Risk Fund	7.4	9	31.94	5396.93
SBI Dynamic Bond Fund	8.19	9.53	24.52	994.13
SBI Magnum Gilt Fund	8.72	10.78	44.26	1417.69
SBI Magnum Income Fund	8.04	9.42	49.52	1199.68
SBI Magnum Low Duration Fund	7.51	8	2498.4	7565.64

Hybrid Mutual Funds SBI

Hybrid Funds offered by SBI invest in a mixture of debt and equity securities in different proportions on the basis of investment objectives. These funds are considered less risky in comparison to the others that may offer a higher rate of interest.

Here is a list of Top 5 SBI Hybrid Mutual Funds:

Fund Name	3 Year (%)	5 Year (%)	NAV	Fund Size (Cr)
SBI Debt Hybrid Fund	4.71	7.93	39.56	1206.27
SBI Dynamic Asset Allocation Fund	8.61	NA	13.83	668.9
SBI Equity Hybrid Fund	8.26	10.33	132.73	30028.1
SBI Equity Savings Fund	6.65	NA	14.06	2079.16
SBI Magnum Children’s Benefit Fund	7.4	9	NA	NA

How to Invest in SBI Mutual Funds via Paisabazaar.com?

Step 1: On Paisabazaar.com, select the ‘Mutual Fund’ option.
Step 2: If you are a registered user, log in to the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left sidebar.
Step 4: Select the SBI Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6: You can complete the payment using net banking of major Indian banks.

The mutual fund units will be allotted to you within 5 working days. If you’re not  KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.

Also Check: SBI Magnum Monthly Income Plan – Fund Information & Statistics

How to Complete Your SBI Mutual Fund eKYC?

KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.

The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:

1. The Fund House (Asset Management Companies)
2. KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited

To complete your Mutual Fund eKYC online, follow these steps-

Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.

Step 2: Upload self-attested copies of your Identity Proof and Address Proof.

That’s all. Your eKYC process is done!

Documents Required for Mutual Fund Investment

Here is a list of official documents required to validate the identity and address of an investor:

1.  Identity Proof 

• Aadhaar Card
• PAN Card
• Passport
• Driving License

2. Address Proof

• Aadhar Card
• Driving License
• Passport
• Recent Utility Bill
• Rental/Lease Agreement

Fund Managers for SBI Mutual Fund

• Mr. R Srinivasan

Mr. R Srinivasan joined SBI as a Senior Fund Manager in May 2009. He is currently working as the Head of Equity and also manages a number of funds directly. With over 25 years of work experience, Srinivasan is a Post Graduate degree in Commerce and has an MFM degree from the University of Mumbai.

• Sohini Andani

Currently working as a Portfolio Manager with SBI, Ms. Sohini Nandani was previously working with ING Investment Management. She has over 11 years of professional experience in research on the selling side. She is a graduate in Commerce from Mumbai University and a Chartered Accountant from ICAI.

• Mr. Richard D’Souza

Previously working as the Portfolio Manager for PMS schemes with ASK Investment Managers. Mr. Richard D’Souza manages thematic funds at SBI. He is a graduate in Science from Mumbai University and brings along expertise and experience of over 27 years in the industry.

• Mr. Dinesh Balachandran

Working as an Equity Fund Manager, Mr. Dinesh joined SBI FM in 2012. He was previously working with Fidelity in Boston, USA in 2001. He holds a B.Tech degree from IIT Mumbai and a degree in M.S. from Massachusetts Institute of Technology (MIT). He is also a Charter holder of the CFA Institute, USA.

• Mr. Anup Upadhyay

After completing his Post Graduate Diploma in Management from Lucknow, Mr. Anup joined SBI FM as the Head of Research. He is also the Fund Manager for Equity Opportunities Fund and SBI IT Fund.

Frequently Asked Questions 

Q. What is an Asset Management Company (AMC)?
A. AMC is an organization that manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.

Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by the total number of units issued. Since the number of unit holders and the valuation of securities change every day, the NAV of a mutual fund also changes accordingly.

Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.

Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.

Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.

Q. How can I redeem a fund online?
A. If you have invested through Paisabazaar, or an online platform such as this you can login and select the fund from which you want to redeem the funds. Click on the fund, in this case L&T Tax advantage Fund. You will see an option “redeem”. When you click on it, you will be asked if you want to redeem the entire amount, or a certain amount. Go ahead and enter the amount you wish to redeem and then click redeem. Note that since this is an ELSS the amount not currently locked in only will show. Once the you have placed a redemption request, the amount should reach your source account within a few working days. Nonetheless, a key aspect to keep in mind is the cut-off timings for the funds which decide the NAV of the units you are holding.

An exit load will not be charged on the amount that is redeemed after a lock-in of three years. Redemption of an amount is not allowed if the Lump sum or SIP has not completed three years.