7 Best SBI Mutual Fund Schemes To Invest Through SIP

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Some of the SBI Mutual Fund Schemes, have given returns of as much as 34 per cent in the last 1 year. Most of them have given very comfortable returns in the last 1 year, which have beaten most asset classes, including bank deposits.

Because of their superior returns, we have chosen schemes of SBI mutual fund, where you can invest small amounts as low as Rs 500-Rs 1000. These include both debt and equity schemes. Take a look at some of the schemes.

SBI Banking & Financial Services Fund - Regular

SBI Banking and Financial services, has given a return of 34 per cent in the last one year. This is superb set of returns by any stretch of imagination. The growth plan has an NAV of Rs 11.91.

You can invest through small sums of Rs 5,000 in the scheme. The bank has heavily invested in the banking sector with HDFC Bank, Axis Bank, Kotak Mahindra Bank and IndusInd among its top holdings.

Buy the scheme, if you have a long term perspective in mind.

SBI Magnum Comma Fund

This fund is again another superb performer in the last 1 year. The fund has generated a return of 28 per cent in the last 1 year. The fund's portfolio is very diversified.

It's top holding is Sagar Cements, followed by ONGC. The best thing about the fund is that you can invest in it through small sums of Rs 500 each month.

So, you can start a systematic investment plan through just Rs 500. The NAV under the growth plan is Rs 28.68, while the dividend plan has an NAV of Rs 9.37.

SBI Magnum Midcap Fund

This is another great performing mutual fund scheme from SBI.

Being in the midcap space, it is best for investors who are willing to take a risk. The fund has generated a return of 19.95 per cent in the last one year. The growth scheme has an NAV of Rs 69.24, while the dividend plan of Rs 29.86.

The portfolio of the fund includes stocks like Cholamandalam, Ramco Cements, Shriram City Union and Mahindra and Mahindra Financial Services.

Any scheme that can generate a performance of 20 per cent in one year, is certainly good.

SBI PSU Fund

This fund is mandated to invest in government owned companies.

If you believe that public sector undertaking can do well in the future, go for this scheme. You can invest in the scheme through small amounts of Rs 500.

The SBI PSU Fund has given a returns of 15 per cent, in the last one year. The dividend scheme has an NAV of Rs 9.83.

The fund has holdings in State Bank of India, ONGC and Mahanagar Gas, along with a host of government companies.

SBI Nifty Index Fund

As the name suggests, the fund invests in index stocks.

The fund has generated a return of almost 12 per cent in the last one year. The net asset value under the scheme is Rs 37.90. SBI Nifty Index Fund has large holdings in HDFC Bank, HDFC and Infosys.

If you believe that the index will rally, this is a good fund to place your bet on. You can invest in the scheme with a small amount of Rs 500 each month, through SIPs.

SBI Short Term Fund

SBI Short Term Fund is for those who like debt schemes. This fund, like the others mentioned above, do not invest in equity, but, only in debt.

Most of its holding is in government securities. The fund has generated a return of 9.51 in the last one year. You can invest in the scheme with an initial investment of Rs 5,000 and Rs 1,000 thereafter.

SBI Treasury Fund

This fund is again a debt fund. If you feel, that there is a risk in equities invest in this fund. Most of the fund is in debt. The fund has generated a return of 9 per cent in the last one year.

Disclaimer

The article is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author  do not accept culpability for losses and/or damages arising based on information in this article.

Read more about: sbi mutual fund
Story first published: Thursday, September 15, 2016, 6:24 [IST]
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