SBI Mutual Fund

The SBI Mutual Fund Trustee Company Private Limited was set up as a trust under the Trust Act of 1882. This Trust controls the SBI Mutual Fund, one of India’s largest and oldest MFs. The SBI Mutual Fund is a Joint Venture (JV) between one of India’s largest and most profitable banks, the State Bank of India, and Amundi, which is a French asset management company.
It was India’s second Mutual Fund after the Unit Trust of India started operations in 1963. In July 2004, the SBI decided to divest 37% of the Fund and roped in Amundi as a partner.
Amundi is an asset management major created jointly by Crédit Agricole and Société Générale. SBIMF has many firsts to its name.
SBI Mutual Fund is the first in India to launch an ESG Fund. An acronym for Environment, Social and Governance, the fund provides resources for sustainable investment in major markets.
As of March 2019, the SBI Mutual Fund manages assets worth Rs 2.83 Lakh Crore. In early 2019, it moved past Aditya Birla and HDFC Mutual Funds to emerge as the 3rd largest Mutual Fund body in India based on Assets under Management or AUM.
The SBIMF is registered with the Securities and Exchange Board of India or SEBI.

Key information

How can you invest in SBI Mutual Funds?

Invest in the SBI Mutual fund is very easy and simple. You can do it by yourself by just sign up on Welathdirect.in website or you can call us, the best financial advisor in Delhi/NCR. Our consultant helps you in selecting the best fund as per your goals. Finacial consultant will helps you identify the best growing sectors in Indian economy that will lead you to get maximum returns with less risk factors associated. To connect with best financial advisors in India, please follow the steps below :
Step 1: Click on Sign Up link. Fill your information.
Step 2: Our executive will get in touch with to have one meeting on call or physical.
Step 3: Our experts will suggest you best funds based on the future goals you may have.
Step 4: Once done, you can check your portfolio directly from wealthdirect.in just by login with your credentials.

Top Fund Managers

This is the list of people who have made SBI Mutual Fund investment as an attractive alternative in a fiercely competitive market.

1. Mr. Ashwani Bhatia

Mr. Bhatia started his career with the State Bank of India at the entry level- as a Probationary Officer in 1985. He is a Deputy Managing Director of the SBI and is on loan to the SBI Mutual Funds Management Board since July 2018.
Over a lifetime spent in banking, Mr. Bhatia has acquired immense experience in credit and treasury, International Banking and Retail. He was the Chief General Manager of SBI when the Corporate Credit Structures was revamped. He has also served as the Chief General Manager of the SME (Small and Medium Enterprises) at the bank for a number of years.

2. Mr. Nicholas Simon

Mr. Simon has served as the Deputy CEO of the SBI MF Group since 2015 when he was deputed from the Amundi Group of France, which holds a significant share in the controlling company. Mr Simon has served as the CEO of Real Estate and also as the CAAM for Real Estate from 2006-2015.
Mr Simon has completed his Post Graduation in Law from the Pantheon-Assas University in Paris. He is also Master of Business Management from the Toulouse School of Business. He represents the interests of the Amundi Group on the Board.
Before that, he was the CEO of Generali Real Estate from 1996-2002.
As the Deputy CEO of SBI Life Insurance, Mr Simon has brought with him a vast experience in matters related to market trends, controlling inflation and beating the competition.

3. Mr. R. S. Srinivas Jain

Mr. Jain has worked with the State Bank of India for nearly 20 years, and has an experience of more than 30 years in Financial Services. He is currently the Executive Director & Chief Marketing Officer of Strategy and International Business at SBI Mutual Funds.
He is a Graduate in Commerce from the University of Bangalore and has a background in Cost Accountancy.Under his leadership, the SBI Mutual Fund was awarded twice in consecutive years from CNBC Awaaz as the ‘Most Preferred Brand.’ He has also been instrumental in the brand being recognised as a valuable destination for Investment Management by Reader’s Digest.

4. Mr. D.P. Singh

Mr. D.P. Singh was the National Sales Head of SBI. Mr. Singh is a Post Graduate in Commerce, and has completed his Post Graduate Diploma in PMIR (Personnel Management & Industrial Relations). He has been associated with the SBI since 1998.
Mr. Singh has been widely credited with carving out a space for the SBI Mutual Fund in both rural and urban consumer demographics. He has been at the forefront of the SBI’s forays in Retail Banking and Information Technology initiatives. He takes keen interest in economics.

5. Ms. Aparna Nirgude

An alumnus of the Jamnalal Bajaj Institute of Management Studies, she has previously served as the Research Head at SBI MF.
She has previously managed the Investment Management section of the top SBI Mutual Funds as well.

6. Mr. Rahul Mayor

He has over 19 years of experience in Retail Banking, analytics, business management, investor relations and distributor value propositions. In the past, he has also worked with Franklin Templeton Asset Management and Sundaram Asset Management Company Limited.

SBI Magnum Constant Maturity Fund Growth

Fund Objective: To provide the investors with the returns generated through investments in government securities issued by the Central Govt. and State Govt.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 18.87% returns in the last 1 year.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.17% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000

SBI Magnum Medium Duration Fund Growth

Fund Objective: The investment objective of the scheme will be to provide attractive returns to the Magnum holders / Unit holders either through periodic dividends or through capital appreciation.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 11.93% returns in the last 1 year

SBI Magnum Children’s Benefit Fund

Fund Objective: The investment objective of the scheme will be to provide attractive returns to the Magnum holders / Unit holders by means of capital appreciation through an actively managed portfolio of debt, equity and money market instruments.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.52% returns in the last 1 year.

SBI Small Cap Fund Growth

there can be no assurance that the investment objective of theScheme will be realized and the Scheme does not assure or guaranteeany returns.Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -8.38% returns in the last 1 year.

SBI Corporate Bond Fund- Growth

Fund Objective: The scheme seeks to provide the investors an opportunity to predominantly invest in corporate bonds rated AA+ and above to generate additional spread on part of their debt investments from high quality corporate debt securities while maintaining moderate liquidity in the portfolio through investment in money market securities.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -100% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹5,000. Minimum SIP investment amount for this scheme is ₹-1. This is one of the best Debt mutual fund in India.

SBI Dynamic Asset Allocation Fund Growth

Fund Objective: The objective of the fund will be to provide investors with an opportunity to invest in a portfolio of a mix of equity and equity related securities and fixed income instruments.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.37% returns in the last 1 year.

SBI Magnum Low Duration Fund Growth

Fund Objective: To provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of money market instruments with maturity/residual maturity up to one year and debt instruments which are rated not below investment grade by a credit rating agency.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.14% returns in the last 1 year.