Thursday 31 May 2018

Top 4 SBI Mutual Funds You Can Consider to Invest in


SBI Mutual Fund comes from one of the most prominent banks in India, State Bank of India, backed up by a global leader of asset management, AMUNDI. It has a major contribution in the introduction and development of mutual funds in India. There are several investor-specific schemes of SBI Mutual Fund which are available at MySIPonline.

Top Performing SBI Mutual Funds

From a variety of need-specific schemes, experts at MySIPonline have analyzed every aspect of the schemes offered by SBI MF. Some of the top performing schemes are described below.
  1. SBI Magnum Multi Cap Fund: Multi-cap funds are considered to be the safest of equity funds. This fund has delivered 19.1% return in 2 years and 20.9% in 5 years. There is no bar on the investment of the corpus across the market caps and sectors of the companies, but large-cap companies are majorly preferred. The fund is managed by Mr Anup Upadhyay who holds a B.tech and PGDM degree and has previously worked with SBI Mutual Funds and Tata Consultancy Service. It has assets under management of Rs 5165 crore as on 30th April 2018.
  2. SBI Emerging Businesses Fund: Emerging businesses funds are small-cap funds. This particular scheme provided by SBI Mutual Fund targets mainly on equity instruments of small-cap and mid-cap companies. It has provided a phenomenal growth in returns of 27.2% in last 1 year. Since its launch in October 2004, it has deliver the return of 21.17%. It has been consistent over a long-term period. Finance and engineering sectors are majorly targeted but it influences many other sectors too. The fund is manged by Mr R Srinivasan.
  3. SBI Bluechip Fund: It is a large-cap equity fund which is the most preferred scheme offered by SBI Mutual Funds. It has assets under allocation of Rs 19,087 as on 30 April 2018. It has provided a return of 14.7% in 2 years and 17.8% in 5 years. It is managed by Ms Sohini Andani who is a CA and has worked with ING investment management Pvt Ltd, ASK Raymond James, Crisil, and many other prominent financial firms. She invests more than 90% of corpus in equity instruments of large-cap companies. 
  4. SBI Magnum Equity: This fund was earlier known as Magnum Multiplier Plus '90. The fund manager, Mr Ruchit Mehta is a B.com, Msc and CFA, who invests a majority of the corpus in equity instruments of large-cap companies of finance, technology, energy and automobile sectors. Hence, the fund has provided stability in NAV along with a decent return of 11% in last 1 year and 14.9% in last 5 years. Since its launch in January 1991, it has provided 15% return. It has assets under management of Rs 2400 crore approximately.

These customer-specific schemes of SBI MF are offered at MySIPonline only after analyzing the needs and comfort of the investors. For more details on SBI mutual funds, browse through the official website of MySIPonline and get the best scheme out of all available options which can benefit you the most.

1 comment:

  1. Good one... Mutual funds have varieties of funds so that you could choose suitable funds that help you to make money.
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