SBI Mutual Fund Trustee Company Private Limited, established under the Trust Act of 1882, oversees the SBI Mutual Fund, one of India’s largest and oldest mutual funds. The SBI Mutual Fund is a joint venture between the State Bank of India (SBI), one of the country’s biggest and most profitable banks, and Amundi, a French asset management company. The SBI Mutual Fund was created on June 29, 1987, and incorporated on February 7, 1992. It became the second mutual fund in India, following the Unit Trust of India, which began operations in 1963. In July 2004, SBI sold a 37% stake in the fund and brought Amundi in as a partner. Amundi is a major player in asset management, formed by a collaboration between Crédit Agricole and Société Générale. SBI Mutual Fund is known for several industry firsts. It was the first to introduce a "Contra" fund, called the SBI Contra Fund. In 2013, SBI Mutual Fund expanded by acquiring Daiwa Mutual Fund, a part of Japan's Daiwa Group. Additionally, it was the first Indian mutual fund to launch an ESG (Environmental, Social, and Governance) fund, focusing on sustainable investments. In 2015, India’s Employees’ Provident Fund invested Rs. 5,000 crore for the first time in a mutual fund through SBI MF's Sensex ETFs (Exchange Traded Funds). As of March 2024, SBI Mutual Fund manages assets worth Rs. 9.14 lakh crores. In early 2019, it surpassed Aditya Birla and HDFC Mutual Funds to become the third-largest mutual fund in India based on assets under management (AUM). The fund is registered with the Securities and Exchange Board of India (SEBI).
Fund Name
Rating
1Y Return
3Y Return
Fund Size (in Cr)
SBI PSU Direct Growth
NA
21.92%
34.02%
₹4686.10 Cr
SBI Healthcare Opportunities Fund Direct Growth
NA
41.11%
25.80%
₹3459.68 Cr
SBI Infrastructure Fund Direct Growth
4
17.54%
24.82%
₹5006.44 Cr
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth
NA
40.88%
24.12%
₹2961.88 Cr
SBI Long Term Equity Fund Direct Growth
5
26.09%
24.09%
₹27847.49 Cr
SBI Contra Fund Direct Growth
NA
18.09%
23.05%
₹41906.90 Cr
SBI Consumption Opportunities Fund Direct Plan Growth
NA
23.93%
22.81%
₹3074.00 Cr
SBI Small Cap Fund Direct Plan Growth
4
23.06%
19.51%
₹33285.18 Cr
SBI Magnum Midcap Fund Direct Growth
3
19.53%
18.63%
₹21454.95 Cr
SBI Large & Midcap Fund Direct Growth
3
17.95%
17.12%
₹29328.76 Cr
SBI Gold Fund Direct Plan Growth
NA
21.93%
16.56%
₹2516.45 Cr
SBI Nifty Next 50 Index Fund Direct Growth
NA
23.64%
16.52%
₹1494.29 Cr
SBI Banking & Financial Services Direct Growth
4
18.58%
16.47%
₹6548.41 Cr
SBI Retirement Benefit Fund - Aggressive Plan Direct Growth
NA
11.18%
15.26%
₹2773.59 Cr
SBI Multi Asset Allocation Fund Direct Plan Growth
NA
13.42%
15.07%
₹6985.79 Cr
SBI Retirement Benefit Fund - Aggressive Hybrid Plan Direct Growth
NA
11.16%
13.77%
₹1531.59 Cr
SBI Balanced Advantage Fund Direct Growth
5
13.67%
13.68%
₹33186.83 Cr
SBI Equity Minimum Variance Fund Direct Growth
NA
8.62%
13.60%
₹216.72 Cr
SBI Technology Opportunities Fund Direct Growth
NA
32.69%
13.46%
₹4585.67 Cr
SBI Bluechip Fund Direct Growth
4
13.44%
13.07%
₹50502.28 Cr
Mutual fund name
SBI Mutual Fund
Asset Management Company Name
SBI Funds Management Ltd
AMC Setup Date
29 Jun 1987
AMC Incorporation Date
7 Feb 1992
Sponsor Name
State Bank of India & Amundi
Trustee Organisation
SBI Mutual Fund Trustee Company Pvt. Ltd.
MD and CEO
Vinay M Tonse
CIO
R Srinivasan (Equity) & Rajeev Radhakrishnan (Fixed Income)
Compliance Officer
Vinaya Datar
Investor Service Officer
CA Santosh
To invest in sbi mutual funds Mutual Funds through the Lemonn App, you can follow these general steps:
Step 1 : Download the Lemonn App
If you haven't already, download the Lemonn App from the Google Play Store or Apple App Store.
Step 2 : Sign up / Log in
Sign up by providing your phone number and completing the basic registration process.
If you already have an account, simply log in.
Step 3 : Complete KYC
Before investing, ensure your KYC (Know Your Customer) verification is complete. Most mutual fund apps will guide you through this. You’ll need PAN, Aadhaar, and other necessary details.
Step 4 : Search for sbi mutual funds Mutual Funds
Once your KYC is done, search for the sbi mutual funds Mutual Fund schemes you're interested in by using the search bar.
Step 5 : Choose a Scheme
You will see a list of various funds under sbi mutual funds. Explore the options, check their performance, risk profile, and investment objectives.
Choose a scheme that aligns with your investment goals (e.g., equity, debt, hybrid funds).
Step 6 : Decide on the Investment Amount
You can either make a lump sum investment or set up a SIP (Systematic Investment Plan) to invest a fixed amount periodically.
Step 7 : Confirm the Investment
Enter the amount you wish to invest.
Review the details and confirm the payment method (Net Banking, UPI, etc.).
After making the payment, you will receive a confirmation of your investment.
Step 8 : Track Your Investment
You can track the performance of your sbi mutual funds Mutual Funds on the Lemonn App dashboard. It will show NAV, returns, and other key details.
If you need any assistance, the Lemonn App usually has customer support or chat options to help. Keep an eye on expenses like entry/exit loads and expense ratios to optimize returns!
Mr. Ashwani Bhatia
Mr. Bhatia began his career with the State Bank of India in 1985 as a Probationary Officer. He is currently the Managing Director and CEO of SBI Mutual Funds, a position he has held since being appointed to the SBI Mutual Funds Management Board in July 2018. Throughout his extensive career in banking, Mr. Bhatia has gained vast experience in areas such as credit, treasury, international banking, and retail. He played a pivotal role in revamping the corporate credit structures while serving as the Chief General Manager of SBI. Additionally, he served as the Chief General Manager of the SME (Small and Medium Enterprises) division at SBI for several years, further showcasing his leadership in diverse banking sectors.
Mr. Nicholas Simon
Mr. Simon has been serving as the Deputy CEO of the SBI Mutual Fund Group since 2015, having been deputed from the Amundi Group of France, which holds a significant stake in the controlling company. Prior to this, he served as the CEO of Real Estate and the Chief Asset and Acquisition Manager (CAAM) for Real Estate from 2006 to 2015. He holds a Postgraduate degree in Law from Pantheon-Assas University in Paris and a Master of Business Management from the Toulouse School of Business. Mr. Simon represents the interests of the Amundi Group on the Board. With a broad international banking background, he has previously held leadership roles, including Head of Property at Henderson Real Estate in France from 2003 to 2005, and CEO of Generali Real Estate from 1996 to 2002.
Mr. R. S. Srinivas Jain
Mr. Jain has over 30 years of experience in financial services, with nearly 20 years spent at the State Bank of India. He currently holds the position of Executive Director & Chief Marketing Officer of Strategy and International Business at SBI Mutual Funds. A graduate in Commerce from the University of Bangalore, Mr. Jain also has a background in Cost Accountancy. He has played a pivotal role in the market success of SBI Mutual Funds, contributing significantly to the brand’s dominance. Under his leadership, the fund was awarded the title of ‘Most Preferred Brand’ for two consecutive years by CNBC Awaaz and earned recognition as a valuable destination for investment management by Reader’s Digest.
Mr. D.P. Singh
Mr. Singh is currently the Executive Director & Chief Marketing Officer for the domestic business at SBI Mutual Funds. Prior to this, he served as the National Sales Head at SBI. A Post Graduate in Commerce with a Post Graduate Diploma in Personnel Management & Industrial Relations (PMIR), Mr. Singh has been with SBI since 1998. He has been instrumental in establishing a strong presence for SBI Mutual Fund across both rural and urban demographics. Known for his leadership in retail banking and IT initiatives at SBI, Mr. Singh also takes a keen interest in economics and public affairs.
Ms. Aparna Nirgude
Ms. Nirgude is the Chief Risk Officer at SBI Mutual Funds and has been with the Risk division since 2005. An alumnus of the Jamnalal Bajaj Institute of Management Studies, she has extensive experience in the investment management sector. Prior to her current role, she served as the Research Head at SBI Mutual Funds and has also managed the Investment Management section of the top SBI Mutual Funds.
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