Incorporated in 1987 by the State Bank of India, SBI Mutual Fund is one of the largest AMC in India by size with an Average AUM of Rs 9,80,981 Cr as of June 2024. It was registered with SEBI in 1993 and the fund house transformed into a joint venture between SBI and AMUNDI Asset Management in 2011. SBI has launched many firsts in the Indian mutual fund industry. In 2015, SBIMF received Rs 5000 crore investment in ETFs from EPFO. It was the first AMC to launch a Contra fund and ESG (Environment, Social, and Governance) focussed fund. The AMC offers a diverse range of mutual fund schemes across categories such as equity, debt, hybrid, ETFs, etc. The AMC offers 56 primary schemes.
To invest in SBI Mutual Fund schemes, there is no physical documentation required. You need to upload the following KYC documents online:
Proof of Identity (PAN, Aadhaar)
Proof of Address (Aadhaar)
How to Invest in SBI Mutual Fund
Step 1: Download the Rupeezy App if you do not have an account.
Step 2: If you are a first-time user, you need to submit your KYC documents like PAN, Aadhaar, add personal details, and complete the account verification.
Step 3: Select SBI Mutual Fund and review the scheme list in each category.
Step 4: Assess the funds' performance and risk parameters.
Step 5: Select the appropriate category as per your financial goal and risk appetite.
Step 6: Compare the selected fund with other funds in its category using Smart Explore on a visual graph.
Step 7: Check fund portfolio overlap among all funds in your portfolio. Check the fund impact on your overall portfolio with the Impact Analysis feature.
Step 8: Select the fund, add lumpsum, or SIP, and set up payment with UPI or net banking.
SBI Mutual Fund FAQs
Ans: Yes, SBI Mutual Fund mutual fund schemes are considered safe investments. In India, all Asset Management Companies (AMC), including SBI Mutual Fund, are regulated by SEBI (Securities and Exchange Board of India) and AMFI (Association of Mutual Funds in India). The mutual fund industry operates under strict regulations to safeguard investors' interests. However, it's crucial for investors to conduct thorough research to ensure that the specific fund schemes align with their financial goals and risk tolerance.
Ans: SBI Mutual Fund Mutual Fund schemes are not tax free. Mutual fund capital gains are subject to capital gains tax. In the case of equity mutual funds, mutual fund units sold within a year of purchase will attract a 20% tax on profits. Gains from mutual funds held for more than a year are taxed at 12.5%. For debt funds, the debt fund units sold within three years will be taxed as per the income tax slab. For debt funds held for over three years, the tax rate is 12.5% without indexation benefits.
Here are some of the best-performing funds from SBI Mutual Fund AMC based on past 5-year returns:
Fund Name
5-Year Return (%)
SBI Overnight Fund
4.81%
SBI Saving Fund
5.46%
SBI Magnum Low Duration Fund
5.56%
SBI Liquid Fund
5.26%
SBI Magnum Ultra Short Duration Fund
5.58%
Ans: Yes, SBI Mutual Fund AMC is good for long-term capital appreciation. The equity schemes under the AMC have performed well over the long term and delivered returns above the category average. Visit the Rupeezy Invest App to check SBI Mutual Fund AMC fund performance.
Ans: You can log in to your Rupeezy app and view your portfolio which will show you the current value as per the prevailing NAV on the last closing business day.
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