SBI is the first largest public sector bank in India which is helping more than 100 million citizens. Now people have been thinking of the SBI Best Scheme For Investing and it is known that Mutual Funds are the best schemes for investment as it yields higher returns but at the same time they are very risky. It is the SBI Mutual Fund Trustee Company which controls the funds and it is the Joint Venture between State Bank of India and Amundi. Now the New SBI Mutual Funds and the other updates on these can be checked through the article presented below.
SBI Best Scheme For Investing
The State Bank of India is the largest and the oldest public sector bank and this has been helping more than 100 million customers. After the Nationalization, this bank has been on the number 1 and the citizens usually put their money in the bank to get higher returns. The individuals have been looking for some SBI Best Scheme For Investing in and we know that Mutual Funds have been the best ones. SBI Mutual Fund has been the largest Mutual Fund Houses and they have been largest by their asset size. The AMC of this bank offers approximately 60 schemes and it has the schemes of debt hybrid and equity funds.
The equity funds invest in the stocks of companies and they also feature about 40 to 50 stocks in their portfolio and reduce the risk which is being associated with it. The equity funds will deliver the highest returns to you and based on the returns, the investors can choose the equity funds through a wide variety. The equity funds require the investors to take calculated risks and provide optimal returns. The mutual funds in which you can invest have been the SBI Long Term Equity Fund, SBI Infrastructure Fund, SBI Small Cap Fund and various others.
The complete list of the SBI Mutual Funds in India have been mentioned in this article below and you will also know which kind of the fund it is.
What Are Mutual Funds?
A mutual fund is the company which collects the money from the investors and then invests the same money in various other securities. The securities include the stocks, bonds and the debts. The mutual funds hold a portfolio and the shares are being bought in the mutual funds of the companies. The fund manager selects the securities and then invests in a wide range of the companies.
The funds which are provided by the SBI shall be checked through the topics below.
List Of SBI Mutual Funds In India
| Fund | Category | Risk | Yearly Return | Fund Size |
| SBI Long Term Equity Fund | Equity | Very High | 17% | Rs 27791 Cr |
| SBI Contra Fund | Equity | Very high | 10.3% | Rs 42180 Cr |
| SBI Magnum Gift Fund | Debt | Moderate | 8.2% | Rs 11264 Cr |
| SBI Magnum Low Duration Fund | Debt | Low to moderate | 7.8% | Rs 11631 Cr |
| SBI Gold Fund | Commodities | High | 30.6% | Rs 2583 Cr |
| SBI Large & Midcap Fund | Equity | Very High | 11.6% | Rs 29267 Cr |
| SBI Banking & Financial Services Fund | Equity | Very High | 15.2% | Rs 6621 Cr |
| SBI NIfty NExt 50 Index | Equity | Very High | 13.9% | Rs 1495 Cr |
| SBI Mutual Asset Allocation | Hybrid | Very High | 12.3% | Rs 6983 Cr |
| Retirement benefit fund | Equity | Very High | 9.2% | Rs 2712 Cr |
| Balanced advantage fund | Hybrid | Moderate to High | 9.4% | Rs 33201 Cr |
| Equity savings fund | Hybrid | Moderate to High | 7.8% | Rs 5870 Cr |
Process To Invest In SBI Mutual Fund?
The mutual funds investment is to provide a lot of benefits and it also reduces the risk by investing in various portfolios. For those who wish to invest in the Mutual Funds, you need to apply it through the online and offline mode both.
- The applicant shall hold an account in the Bank
- The applicant shall have completed the KYC
- The savings bank account status shall be single or survivors
- The account opening form has to be signed by the account holder.
FAQs On SBI Best Scheme For Investing
The SBI Best Scheme For Investing where the SBI bank account holders can invest have been the mutual funds.
The Contra Fund of the SBI is an Equity mutual fund and the yearly return has been 10.3%.
To invest in the funds, you shall be the account holder of the bank and shall have completed the KYC details and the forms must have been signed by the account holders.