SBI Mutual Fund: Overview Of SBI Mutual Fund


SBI Mutual Fund: Overview Of SBI Mutual Fund


Table of Content

 

All About SBI Mutual Fund

SBI Mutual Fund is an asset management company run by the State Bank of India. The SBI Mutual Fund Trustee Company Private Limited was set up as a trust under the Trust Act of 1882.

SBI Mutual Fund is a joint venture between Amundi and the State Bank of India.  Amundi is a famous French asset management company created jointly by Crédit Agricole and Société Générale. It is the largest asset manager in Europe, which makes this venture profitable.   

SBI Mutual Fund was established in 1987 with its headquarters in Mumbai. The fund house has always been revolutionary in its approach. It has launched many new types of funds since the beginning.

It is the first in India to launch an ESG Fund. ESG stands for Environment, Social and Governance fund. It aims to provides resources for sustainable investment in major markets. 

SBI funds management has been managing India’s dedicated offshore funds since 1988. It was the first AMC to come up with ‘SBI Resurgent Asian nation Opportunities Fund. It was also the first one to launch a ‘Contra’ fund, called the SBI Contra Fund. 

SBI Mutual Fund has become India’s largest fund house. This is according to quarterly average AUM data released by AMFI for January to March 2020. 

Features – SBI Mutual Fund Schemes

Here are the features of SBI mutual fund schemes:

  1. AMC Mission: SBI MF House’s mission is to establish mutual funds as an easy investment option for the masses.

  2. Investment Philosophy: SBI MF believes in “Growth Through Innovation”. Their expert team of market researchers prepares comprehensive analytical reports on diverse sectors. This helps in identifying stocks that promise high performance in the future.

  3. Investment Objective: SBI Mutual Fund Houses aims to outperform its benchmarks through research investments in equities. This is achieved by implementing an active management style based on fundamental analysis, leading to the construction of a portfolio.

  4. Total Schemes: SBI Mutual Fund House offers 50 funds in multiple categories. They include equity, debt, hybrid, etc.

Fund Managers – SBI Mutual Fund

Here’s a list of top fund managers from the SBI Mutual Fund house:

1. Mr. R Srinivasan

R Srinivasan joined SBI Funds Management as a Senior Fund Manager in May 2009. Currently, he is the Head of Equity and also directly manages a number of funds. He has an experience of over 25 years in equities. 

Before this he has worked with Future Capital Holding, Principal PNB, Oppenheimer & Co (later Blackstone), Indosuez WI Carr and Motilal Oswal, among others. Srinivasan is a post graduate in Commerce and has an MFM degree from the University of Mumbai.

2. Mr. Richard D’Souza

Richard currently manages thematic funds at SBI Mutual Fund house. He joined SBI in 2010 as Fund Manager for the Retail PMS division. Richard had joined SBI from ASK Investment Managers. At ASK, he was the portfolio manager for PMS schemes. 

Prior to joining ASK, Richard was a sell side analyst with various broking firms. They include Antique Shares, Sunidhi Consulting and Alchemy Shares for 17 years. He started his career in 1992 as a research analyst at Ajit Vajani Share Brokers. Richard is a Science graduate from Mumbai University.

3. Mr. Dinesh Balachandran

Dinesh Balchandran joined SBI Mutual Fund house in 2012 as a Senior Credit Analyst. He later on went on to become Head of Research. Currently, he is an equity fund manager. 

At the start of his career, he worked with Fidelity in Boston, USA in 2001.  where as an analyst he covered Structured Finance, and the local US fixed income market over 10 years. Dinesh holds a B.Tech degree from IIT, Mumbai. After that, he went on to get a M.S degree from Massachusetts Institute of Technology (MIT). He is also a Charter holder of the CFA Institute, USA.

4. Sohini Andani

Sohini joined SBI Mutual Fund as Head of Research in 2007. She was subsequently promoted as a portfolio manager in 2010. Before joining SBI MF, Sohini was a senior research analyst at ING Investment. Sohini has over 11 years of experience in research on the sell side. 

Her previous assignments were with leading broking outfits such as ASK Raymond James, LKP Shares and Securities, Advani Share Brokers and KR Choksey Shares and Securities. Sohini is a Commerce graduate from Mumbai University. She is a Chartered Accountant from ICAI.

5. Mr. Anup Upadhyay, CFA

Anup joined SBI Mutual Fund in 2007 after getting a PG Diploma in Management from IIM Lucknow. He was set on the learning path of the equity market, as an Equity Analyst for the IT Services industry. He got an opportunity to cover Telecom, Media and some Capital Goods stocks also later. 

Anup is now contributing as the Head of Research and as a Fund Manager. He manages Equity Opportunities Fund and SBI IT Fund. He worked as a programmer for Tata Consultancy Services for a year.  This is, after graduating from IIT Kharagpur in 2004. He is also a Charter holder of the CFA Institute, USA, like most analysts in the team.

6. Ms. Nidhi Chawla

Nidhi joined SBI Mutual Fund house in 2007 . She completed her Bachelor in Business Studies from CBS, Delhi University. She also holds a Masters’ Degree in Economics from University of Delhi. Nidhi is also a Charter holder of the CFA Institute, USA.

Types of Mutual Fund Schemes Offered

Here’s the list of different types of funds offered by SBI:

SBI Equity Mutual Fund Schemes

  1. SBI Focused Equity Fund

  2. SBI Contra Fund

  3. SBI Small Cap Fund

  4. SBI Healthcare Opportunities Fund

  5. SBI Long Term Equity Fund (Previously Known as SBI Magnum Taxgain Scheme)

  6. SBI Magnum Global Fund 

  7. SBI Magnum Equity ESG Fund

  8. SBI Large & Midcap Fund

  9. SBI Magnum Midcap Fund

  10. SBI Consumption Opportunities Fund

  11. SBI Technology Opportunities Fund

  12. SBI Magnum Multicap Fund

  13. SBI Bluechip Fund

  14. SBI Magnum Comma Fund

  15. SBI Banking and Financial Services Fund

  16. SBI Infrastructure Fund

  17. SBI PSU Fund

  18. SBI Equity Minimum Variance Fund

SBI Debt Mutual Fund Schemes

  1. SBI Corporate Bond Fund

  2. SBI Magnum Gilt Fund

  3. SBI Magnum Constant Maturity Fund

  4. SBI Banking and PSU Fund

  5. SBI Credit Risk Fund

  6. SBI Magnum Medium Duration Fund

  7. SBI Magnum Income Fund

  8. SBI Magnum Low Duration Fund

  9. SBI Savings Fund

  10. SBI Liquid Fund

  11. SBI Magnum Ultra Short Duration Fund

  12. SBI Short Term Debt Fund

  13. SBI Overnight Fund

  14. SBI Dynamic Bond Fund

SBI Hybrid Mutual Fund Schemes

  1. SBI Equity Hybrid Fund

  2. SBI Debt Hybrid Fund

  3. SBI Arbitrage Opportunities Fund

  4. SBI Multi Asset Allocation Fund

  5. SBI Equity Savings Fund

  6. SBI Dynamic Asset Allocation Fund

SBI Solution Oriented Fund Schemes

  1. SBI Magnum Children’s Benefit Fund

SBI Other Fund Schemes

  1. SBI Nifty Index Fund

  2. SBI – ETF GOLD

  3. SBI – ETF Sensex

  4. SBI – ETF 10 Year Gilt

  5. SBI – ETF Nifty Next 50

  6. SBI – ETF BSE 100

  7. SBI – ETF Nifty 50

  8. SBI Gold Fund

  9. SBI – ETF Nifty Bank

  10. SBI – ETF Quality

  11. SBI – ETF Sensex Next 50

Documents Required For Investing in SBI Mutual Fund Schemes

Investing in SBI Mutual Funds is a fairly easy process with us. If you are investing for the first time, then you need to get your KYC verification done. “Know Your Customer” or KYC is done by Securities & Exchange Board of India (SEBI). It helps to avoid bank fraud, money laundering and any other malicious activities. 

All you need to do is submit a few personal documents which takes 1-2 minutes. After that, the process for bank verification takes 2-5 working days. Once you are KYC verified, all the transactions become simple and straightforward. Here’s a list of documents you need to complete your KYC verification:

  1. Address Proof – Aadhar card, Voter ID, Passport with both sides against a dark background
  2. PAN Card – Against a dark background.
  3. Signature – On a blank white paper.
  4. Selfie – An appropriate picture against a white background.

Most Popular SBI Mutual Fund Schemes

Here’s a list of the most popular SBI Mutual Fund schemes:

1. SBI Long Term Equity Fund – Growth

SBI Magnum Long Term Equity Fund

SBI Long Term Equity Fund has 96.69% investment in Indian stocks of which 64.93% is in large cap stocks, 16.81% is in mid cap stocks, and 11.27% in small cap stocks. The fund is a good option for investors looking to invest money for at least 3 years. Also, it is a good option if you are looking to save income tax apart from higher returns expectations. 

At the same time, these investors should also be ready for the possibility of moderate losses in their investments that comes along with having a 3 year lock-in period.

Asset Size – ₹ 6682.93 Cr

Expense Ratio – 2%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

  10 Year Return

       

-6.47%

-1.60%

2.49%

8.12%

 

2. SBI Blue Chip Fund – Growth

SBI Bluechip Fund

SBI Blue Chip Fund has 95.65% investment in Indian stocks of which 74.66% is in large cap stocks, 7.88% is in mid cap stocks, and 1.18% in small cap stocks. It is suitable for investors who are looking to invest money for a long term horizon of at least 3-4 years and looking for high returns. 

The fund aims to provide investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of large cap equity stocks

Asset Size – ₹ 20782.63 Cr

Expense Ratio – 1.9%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

  10 Year Return

       

-7.26%

0.58%

4.86%

9.68%

 

3. SBI Small Cap Fund – Growth

SBI Small Cap Fund

SBI Small Cap Fund is a 5 star rated fund that has 87.62% investment in Indian stocks of which 9.41% is in mid cap stocks, and 72.21% in small cap stocks. The fund is good for investors who are looking to invest money for at least 3-4 years and looking for very high returns. 

SBI Small Cap fund wishes to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well diversified basket of equity stocks of small cap companies.

Asset Size – ₹ 3917.42 Cr

Expense Ratio – 2.24%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

  10 Year Return

       

-0.79%

2.94%

9.28%

16.26%

 

4. SBI Focused Equity Fund – Regular Plan – Growth

SBI Focused Equity Fund

SBI Focused Equity Fund has 84.78% investment in Indian stocks out of which 47.93% is in large cap stocks, 20.1% is in mid cap stocks, and 9.26% in small cap stocks.

The fund ie. SBI Focused Equity fund aims to provide the investor with the opportunity of long-term capital appreciation by investing in a concentrated portfolio of equity and equity related securities. It is suitable for investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns compared to other equity funds.

Asset Size – ₹ 8962.13 Cr

Expense Ratio – 1.99%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

  10 Year Return

       

-1.15%

5.93%

9.10%

14.01%

 

5. SBI Magnum Global Fund – Growth

SBI Magnum Global Fund

SBI Magnum Global fund has 92.69% investment in Indian stocks out of which 51.19% is in large cap stocks, 18.64% is in mid cap stocks, and 21.52% in small cap stocks. It is suitable for investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns compared to other equity funds. 

The catch with investing in SBI Magnum Global fund is that as an investor, one should also be ready for the possibility of moderate to high losses in their investments even though the overall market is performing better. The fund aims to provide the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio consisting primarily of MNC companies.

Asset Size – ₹ 3602.6 Cr

Expense Ratio – 2.15%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

  10 Year Return

       

6.39%

2.90%

5.02%

12.21%

 

6. SBI Equity Hybrid Fund – Regular Plan – Growth

SBI Equity Hybrid Fund

SBI Equity Hybrid fund is a 5 star rated fund that has 69.82% investment in Indian stocks of which 48.36% is in large cap stocks, 12.05% is in mid cap stocks, and 3.42% in small cap stocks. The fund has 26.99% investment in Debt of which 11.71% in Government securities, 11.37% in funds invested in very low risk securities..

SBI Equity Hybrid fund aims to provide investors long-term capital appreciation along with the liquidity of an open-ended scheme by investing in a mix of debt and equity. The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in fixed income securities.

Asset Size –  ₹ 30192.37 Cr

Expense Ratio – 1.74%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

  10 Year Return

       

-0.42%

5.03%

7.14%

10.48%

 

7. SBI Magnum MultiCap Fund – Growth

SBI Magnum Multi Cap Fund

SBI Magnum MultiCap Fund is a 4 star rated fund. It has 97.62% investment in indian stocks of which 67.26% is in large cap stocks, 9.9% is in mid cap stocks, and 11.34% in small cap stocks. This fund is perfect for investors who are looking to invest money for a longer horizon of at least 3-4 years. It also provides the possibility of high returns.

Asset Size – ₹ 8290.45 Cr

Expense Ratio – 2.01%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

  10 Year Return

       

-8.99%

0.41%

6.02%

9.34%

 

SBI Mutual Fund Customer Care

Call SBI Mutual Fund Customer Care: You can contact the SBI Mutual Fund Customer Care on 1800 209 3333 toll free. If you are from outside India you can contact them at 022 27786551 / 080 67741500 / +91-22-62511600. Remember that all these numbers are available from 8:00 AM to 8:00 PM from Monday to Saturday

 Get a Call Back: Give a missed call on 1800 270 0060 and get a call back from the SBI Customer Support team.

 There are many other ways to reach out to SBI Mutual fund house. Here’s a list of few:

  1. Email: You can drop all your queries, feedback and suggestions at customer.delight@sbimf.com and hear back from the team.
  2. Social Media: You can connect with SBI Mutual Fund on various social media channesl. Connect with them on instagram, facebook, twitter, linkedin, and YouTube.
  3. YUVA: You can chat with their virtual assistant “YUVA”. It will take care of any complaints, queries or feedback that you have.
  4. Visit in-person: SBI Mutual Fund house has branch offices all across India. You can visit them with your information and resolve any grievance in order to seek answers.
  5. Investor Relations Officer: In case you are not satisfied with the response provided from alternate sources, you may contact the Investor Relations Officer of SBI Mutual Fund Mr. C.A. Santosh at headcustomerservice@sbimf.com. You can also reach out to him on (022) 6179 3000.

Written by

Priyanshi Bhardwaj