The SBI Mutual Fund Trustee Company Private Limited was established as a Trust under the provisions of the Indian Trust Act 1882 and is registered with the Securities and Exchange Board of India (SEBI). It works in collaboration with the State Bank of India and Amundi, a European asset management company, which is a subsidiary that is founded by Crédit Agricole and Société Générale. The headquarters of India’s largest banking mutual fund is located in Mumbai. It is also known as the first bank-sponsored fund that has launched an offshore fund, namely the Resurgent India Opportunity Fund.
Objective and Functioning
The objective of SBI Mutual Funds is to bring excellence from the beginning of the product development till the time investors deposit money. It designed to outshine the industry benchmarks using well-researched investment in varied Indian equities. Active management style has been adopted based on fundamental analysis, after which a portfolio would be constructed. As a stepping stone for the growth potential of Indian equities, SBI mutual funds have blended, large-cap, mid-cap, or distinct sector oriented features.
Required Documents
The following documents must be produced by individuals to invest in SBI mutual funds:
Identity Proofs
- Copy of PAN Card
- Passport
- Aadhaar Card
- Voter ID
- Driving License
- Central government approved documents like NREGA job card
Residential Proofs
For residential proofs, an individual can use the above-mentioned identity proofs except for PAN. Other documents include:
- The rental/ lease agreement
- Utility Bills
- Ration Card
If an individual’s permanent address and correspondence address is not the same, the proof for both these addresses has to be submitted.
Types of Mutual Funds
- SBI Equity Funds
- SBI Exchange Traded Funds
- SBI Hybrid Funds
- SBI Liquid Funds
- SBI Debt Funds
- SBI Tax Savings Funds
SBI Equity Funds- SBI equity funds provide long-term capital appreciation using investment equity stocks/ shares of top rated companies. SBI equity funds are well-known for their consistent performance and for offering high returns. Meanwhile, these funds are also considered to be high-risk funds. The funds that come under SBI Equity Funds are:
- SBI Arbitrage Opportunities Fund-Direct Plan – Dividend
- SBI Banking & Financial Services Fund-Direct Plan – Dividend
- SBI Blue Chip Fund-Regular Plan – Growth
- SBI Contra Fund
- SBI Emerging Businesses Fund
- SBI Long Term Advantage Fund – Series III – Regular Plan – Growth
- SBI Magnum Fund
- SBI Nifty Index Fund-Regular Plan – Dividend
- SBI One India Fund – Dividend
- SBI PSU Fund-Regular Plan – Growth
- SBI Pharma Fund-Direct Plan – Dividend
- SBI Small & Midcap Fund-Direct Plan – Dividend
- SBI Tax Advantage Fund- Series III – Regular Plan – Growth
SBI Exchange Traded Funds- Exchange Traded Funds (ETF) are offered by SBI mutual funds in a collaboration of both the open and close-ended mutual funds scheme and is traded on the recognized stock markets. These funds provide a lot of liquidity and lower service charges. The funds that come under SBI Exchange Traded Funds are:
- SBI – ETF 10 Year Gilt
- SBI – ETF BSE 100
- SBI – ETF GOLD
- SBI – ETF Nifty
- SBI – ETF Sensex
- Fund of Fund
- SBI Gold Fund
SBI Hybrid Funds- SBI Hybrid Funds invests in a variety of asset classes. The blend of equity and debt and various proportion that the fund offers provide the investor with multiple variants of hybrid funds from which the investor can opt from. The most popular form of SBI Hybrid Funds are:
- SBI Capital Protection Oriented Fund
- SBI Dual Advantage Fund
SBI Liquid Funds- SBI Liquid Funds are of a low-risk category with moderate returns and best suited for investors with a short-term Investment horizon. Some of the liquid funds that are offered by SBI mutual funds include:
- SBI Magnum Insta Cash Fund-Direct Plan- Daily Dividend
- SBI Magnum Insta Cash Fund-Direct Plan -Growth
- SBI Magnum Insta Cash Fund-Direct Plan -Weekly Dividend
- SBI Magnum Insta Cash Fund-Regular Plan – Cash
- SBI Magnum Insta Cash Fund-Regular Plan – Daily Dividend
SBI Debt Funds- Debt funds by SBI mutual funds is usually a safer investment option. Nevertheless, with a lower return potential than other types of SBI mutual funds. The debt funds by SBI invests in several short-term fixed income securities including treasury bills, government bonds, commercial paper and certificate of deposit.
SBI Tax Savings Funds- The Tax Savings Funds offered by SBI mutual funds seeks to encourage the habit of saving by making an investment in equity shares that provide tax deductions under Section 80C of Income Tax Act. These are diversified equity mutual funds that have a lock-in period of three years.
Offshore Funds- SBI Funds Management has been authorised as India’s dedicated offshore funds since 1988. The fund targets to provide investors with opportunities for long-term growth in capital using well-researched investments in a diversified bouquet of stocks of Indian Companies. SBI Funds Management was the first bank that sponsored asset management company fund to launch an offshore fund called ‘SBI Resurgent India Opportunities Fund’.
FAQs
What are the different types of funds offered by SBI Mutual Fund?
SBI Mutual Fund offers a range of funds across categories, including equity funds, debt funds, hybrid funds, and more. Each category caters to different risk profiles and investment objectives.
What are the charges associated with SBI Mutual Fund investments?
Mutual funds typically have expenses such as expense ratio and exit load. It’s important to understand these charges before investing. The expense ratio covers the fund’s operational costs, and the exit load is a fee charged when you redeem your investment within a specified period.
Can I redeem my SBI Mutual Fund investment anytime?
Yes, you can redeem your mutual fund investment at any time. However, some funds may have exit loads if you redeem before a specific duration. It’s crucial to check the terms and conditions of the specific fund.
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