SBI Mutual Fund is a joint venture between Amundi, a European asset management company, and the State Bank of India, and is rated among some of the largest mutual fund houses in India. It was initiated almost three decades back on June 29, 1987. There are in all 60 schemes at present under its roof which ranges from debt, hybrid, and various equity funds. Investors can choose any of these depending on their investment objectives.
Let’s have a close look at some of the best-performing SBI Mutual Fund schemes, which are good for investment purposes.
SBI Small Cap Fund
Fund Performance: The SBI Small Cap Fund falls under the Equity category of SBI Mutual Funds. It has given 31.03% annualized returns in the past three years and 16.25% in the past five years.
Minimum Amount required for investment: Lump sum – ₹5,000
SIP – ₹500
SBI Flexicap Fund
Fund Performance: The SBI Flexicap Fund falls under the Equity category of SBI Mutual Funds. It has given 16.93% annualized returns in the past three years and 12.07% in the past five years.
Minimum Amount required for investment: Lump sum – ₹1,000
SIP – ₹500
SBI Bluechip Direct Plan
Fund Performance: The SBI Bluechip Direct falls under the Equity category of SBI Mutual Funds. It has given 17.51% annualized returns in the past three years and 12.7% in the past five years.
Minimum Amount required for investment: Lump sum – ₹5,000
SIP – ₹500
SBI-Focused Equity Fund
Fund Performance: The SBI-Focused Equity Fund falls under the Equity category of SBI Mutual Funds. It has given 17.04% annualized returns in the past three years and 13.61% in the past five years.
Minimum Amount required for investment: Lump sum – ₹5,000
SIP – ₹500
SBI Banking & Financial Services Fund
Fund Performance: The SBI Banking & Financial Services Fund falls under the Equity category of SBI Mutual Funds. It has given 11.89% annualized returns in the past three years and 13.79% in the past five years.
Minimum Amount required for investment: Lump sum – ₹5,000
SIP – ₹500
SBI Equity Hybrid Fund Direct Plan
Fund Performance: The SBI Equity Hybrid Fund Direct Plan falls under the Hybrid category of SBI Mutual Funds. It has given 14.31% annualized returns in the past three years and 11.88% in the past five years.
Minimum Amount required for investment: Lump sum – ₹1,000
SIP – ₹500
SBI Technology Opportunities Fund
Fund Performance: The SBI Technology Opportunities Fund falls under the equity category of SBI Mutual Funds. It has given 32.88% annualized returns in the past three years and 26.75% in the past five years.
Minimum Amount required for investment: Lump sum – ₹5,000
SIP – ₹500
SBI Nifty Index Direct Plan
Fund Performance: The SBI Nifty Index Direct Plan falls under the other category of SBI Mutual Funds. It has given 16.53% annualized returns in the past three years and 13.93% in the past five years.
Minimum Amount required for investment: Lump sum – ₹5,000
SIP – ₹500
SBI Gold Direct Plan-Growth
Fund Performance: The SBI Gold Direct Plan-Growth falls under the other category of SBI Mutual Funds. It has given 11.39% annualized returns in the past three years and 12.02% in the past five years.
Minimum Amount required for investment: Lump sum – ₹5,000
SIP – ₹500
SBI Consumption Opportunities Fund
Fund Performance: The SBI Consumption Opportunities Fund falls under the equity category of SBI Mutual Funds. It has given 23.05% annualized returns in the past three years and 14.44% in the past five years.
Minimum Amount required for investment: Lump sum – ₹5,000
SIP – ₹500