Are you looking to invest with one of the established AMCs with an impressive track record? SBI Mutual Fund continues to attract investors with its diverse portfolio of schemes. SBI mutual funds manage more than 66 mutual funds. To make things easy for you, we have meticulously shortlisted five funds from different categories.
Whether you’re looking for value investing, sector-specific growth, or long-term wealth creation, SBI offers options for every investor! Carefully weigh your risk tolerance and investment goals and choose from these funds.
5 Best SBI Mutual Funds From Different Categories
Here are some SBI Mutual Funds that a resilient portfolio deserves. Depending on your investment goals, you can create an SIP in one or more of these funds.
1.    SBI Contra Fund
SBI Contra Fund carefully picks undervalued stocks that have strong growth potential. Experienced fund managers carefully identify stocks that are temporarily under-performing, but possess strong fundamentals. Over time, these stocks deliver impressive returns, helping investors grow their wealth. Some of the key sectors where SBI Contra Fund allocates your wealth include financial services, technology, basic materials, energy, and healthcare.
- AUM: INR 41,634.20 crore
- NAV: INR 370.7107
- Expense ratio: 60%
- 1-Year return: 85%
- 3-Year return: 37%
- 5-Year return: 22%
2.    SBI Magnum Mid Cap Fund
If you’re on the lookout for a mid-cap fund with strong growth prospects, the SBI Magnum Mid Cap Fund can be a suitable pick. It returned 23.91% to investors over the last five years and follows a mix of growth and value investment strategies. The well-balanced portfolio of this SBI Mutual fund includes sectors like consumer cyclical, financial services, industrials, healthcare, and basic materials.
- AUM: INR 21,177.20 crore
- NAV: INR 230.2670
- Expense ratio:81%
- 1-Year return: 53%
- 3-Year return: 02%
- 5-Year return: 91%
3.    SBI Long Term Equity Fund
Looking for an ELSS fund to save tax while capitalizing on the growth trajectory in the money market? The SBI Long Term Equity Fund is a pick, but it comes with a mandatory lock-in period of three years. It serves dual benefits, helping investors save taxes on investments up to INR 1.5 lakhs per year under Section 80C of the Income Tax Act while delivering handsome returns.
- AUM: INR 27,305.50 crore
- NAV: INR 415.9005
- Expense ratio: 95%
- 1-Year return: 31%
- 3-Year return: 84%
- 5-Year return: 81%
4.    SBI Banking and PSU Fund
If you’re a conservative investor, you might be looking for a low-risk SIP option. The SBI PSU fund invests in stocks from the banking and public sector undertakings. Primarily, it invests in government-backed institutions, which brings you stability and predictable returns. The SBI Banking and PSU Fund capitalizes on the economic growth of India and policy initiatives, which make it a stable choice during uncertain market conditions.
- AUM: INR 3,879.31 crore
- NAV: INR 3,193.6558
- Expense ratio: 39%
- 1-Year return: 78%
- 3-Year return: 36%
- 5-Year return: 20%
5.    SBI Small Cap Fund
For aggressive investors, small-cap mutual funds promise impressive returns. The SBI Small Cap Fund invests in small companies with high growth potential. Although volatile, small cap funds offer significant upside opportunities as they expand and gain a greater market share. If you have a high risk appetite and are in pursuit of long-term returns, you can consider this fund.
- AUM: INR 31,227.20 crore
- NAV: INR 166.5363
- Expense ratio: 70%
- 1-Year return: – 2.83%
- 3-Year return: 84%
- 5-Year return: 77%
Wrapping Up
While SBI has been a trusted name in the Indian banking sector, it has also earned the trust of thousands of investors as an AMC. It offers a wide range of investment options, so you can weigh your risk appetite and financial goals while creating an SIP.