SBI Mutual Fund

The key highlights about the SBI Mutual Fund are listed in the table below:

The key features of the SBI Mutual Fund can be summed up as follows:

1. SBI Mutual Fund offers around 61 schemes which are spread across different categories. This helps meet the investment objectives of different types of investors.
2. This Mutual Fund delivers value and retains the trust of the investors through a huge network of more than 222 points of acceptance around the country.
3. The main philosophy of the SBI Mutual Fund is ‘growth through innovation’. It sticks to the philosophy. The investment policies have been set up accordingly.
4. With more than 5.4 million investors across the country, the SBI Mutual Fund is one of the biggest investment management firms in the country.
5. It is one of the most reliable and one of the fastest growing mutual funds in India.

The below list of persons/entities are eligible to invest in the units of SBI Mutual Fund:

• Adult individuals residing in India, either singly or jointly (cannot exceed 3 people)
• Minors through legal guardian or parent
• Hindu Undivided Family (HUF)
• Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) on repatriation or non-repatriation basis
• Companies, corporate bodies, Public Sector Undertakings (PSUs), Societies registered under the Societies Registration Act, 1860
• Partnership firms formed under the Partnership Act, 1932
• Religious and Charitable Trusts, Wakfs or endowments of private trusts
• Qualified Foreign Investor and Foreign Portfolio Investor
• Financial institutions and banks (including Regional Rural Banks and Co-operative Banks)
• Foreign Institutional Investors (FIIs)
• Scientific and Industrial Research Organisations
• Army, Navy, Air Force, and other paramilitary funds
• Provident/Gratuity/Pension and other such funds as and when permitted to invest
• International Multilateral Agencies approved by the RBI and Government of India
• A mutual fund through its schemes including Fund of Funds schemes

To invest in the schemes of SBI Mutual Fund, the investor has to complete the Know Your Customer (KYC) process. The KYC process is a one-time process which means that if the investor has completed the process earlier in the securities market, he/she need not do it again.

However, if the investor has not completed the process, he/she needs to fill up the KYC application form available at the official website of the fund house or AMFI (Association of Mutual Funds of India), and from mutual fund advisors/brokers. Once the application form is filled, it needs to be submitted at any of the SEBI registered intermediaries with the below documents:

• Identity Proof
• Address Proof
• Passport
• Passport size photograph

Once the KYC process is completed, the investor can start investing in the schemes of SBI Mutual Fund provided that he/she has a Permanent Account Number (PAN) and a bank account.

There are 4 ways through which investors can invest in SBI Mutual Fund – online, offline, mobile, and m-Easy app. To invest through the online mode, investors need to follow the below steps:

• Visit the official site of SBI Mutual Fund – www.sbi.mf.com
• Click on the ‘Invest Now’ button and then on the ‘New User’ button.
• The investor then needs to enter his/her PAN, email ID, mobile number, and select a password.
• Select the ‘Register’ button.
• Once the registration is complete, investors can use the ‘New Investment’ button and start investing.

SBI Mutual Fund offers 61 schemes across the categories – equity, debt, hybrid, solution-oriented and index funds.

Equity Funds by SBI Mutual Fund

Equity funds predominantly invest in stocks and hence, are sometimes also referred to as stock funds. In the equity category, SBI Mutual Fund offers 26 schemes (18 open-ended schemes and 8 close-ended schemes), the brief features of which are given below:

SBI Magnum Midcap Fund

• It is an open-ended growth scheme that helps investors earn profits on their investments over a long term and this is achieved by concentrating investments on equity stocks of mid cap companies.

1. Investment Objective – To provide investors with a chance to grow their capital and offer liquidity of an open-ended scheme by investing in the stocks of mid cap companies.
2. Ideal for – Investors who are willing to take high risks and wish to grow their investments over a longer duration.

Scheme features:

SBI Bluechip Fund

• It is an open-ended growth scheme that presents investors with an opportunity to grow their capital over a long term by investing in equities of companies with large market capitalisation.

1. Investment Objective – To generate long term capital gains for the investor by concentrating its investments in equities of large cap firms through active management of investments.
2. Ideal for – Investors who seek capital appreciation over a long term and who are willing to take high risks.

Scheme features:

SBI Gold Fund

• This is an open-ended Fund of Fund scheme that invests in SBI ETF Gold and was previously known as SBI GETS.

1. Investment Objective – To offer capital appreciation to investors closely matching the returns given by SBI-ETF Gold.
2. Ideal for – Investors who wish to invest in SBI-ETF Gold and who wish to grow their capital over a long term.

Scheme features:

Debt Funds by SBI Mutual Fund

Debt funds mainly invest in fixed income securities, bonds, and money market instruments. SBI Mutual Fund offers 13 open-ended schemes in this category, the features of which are given below:

SBI Magnum Income Fund

This is an open-ended debt scheme that invests on the basis of continuous evaluation of market dynamics, macro-economic factors, and debt-issuer specific factors. By actively managing the credit risk, the scheme aims to offer attractive returns to the investor.

1. Investment Objective – To offer an opportunity to investors to grow their investment as per their requirements and providing a regular income in the form of dividends by investing in debt securities.
2. Ideal for – Investors who wish to earn a regular income over medium to long term and invest in debt instruments.

Scheme features:

Hybrid Schemes by SBI Mutual Fund

In the hybrid category, SBI Mutual Fund has 14 (8 open-ended and 6 close-ended) schemes. All the schemes have been briefly explained below:

• SBI Equity Hybrid Fund – Earlier known as SBI Magnum Balanced Fund, this is an open-ended hybrid scheme whose main investment is in equity and equity-related securities. It also allocates a portion of its investments on debt instruments (including securitised debt and money market instruments).

1. Investment Objective – To offer liquidity and capital appreciation to the investors over a long term by investing in a basket of equities of companies with high growth potential. The scheme also mitigates risk by investing in fixed income securities.
2. Ideal for – Investors who seek capital appreciation and wish to invest in a mix of equity and debt instruments.

Scheme features:

SBI Debt Hybrid Fund

•  Previously known as the SBI Magnum Monthly Income Plan, this open-ended hybrid scheme invests primarily on debt securities. Its secondary investment is made in equity and other associated instruments.

1. Investment Objective – To present investors with an opportunity to grow their capital through investments predominantly in debt and money market instruments. It also invests up to 25% of its investment on equity and associated instruments.
2. Ideal for – Investors looking for regular income and capital growth. Also, ideal for investors who wish to invest in a mix of debt and equity-related securities.

Scheme features: