SBI Mutual Fundis a joint venture of India's largest lender, State Bank of India and AMUNDI France. The Asset Management Company was amongst the pioneers in the mutual fund business. Like peers, the company has very diverse offerings in terms of the size and nature of funds.
SBI Mutual Funds also provides advisory services and offshore funds.
Sbi mutual fund was established as a trust under the provision of Indian Trust Act 1882 and is registered with the Securities and Exchange Board of India (SEBI). Sbi mutual fund trustee company private limited was founded with a collaboration of State bank of India and Amundi a European asset management company. The headquarter of Sbi mutual fund which is India's largest banking mutual fund is located in Mumbai. Sbi mutual fund is known as the first bank to launch the offshore fund and alternative investment funds which is also known as Resurgent India Opportunity Fund.
Today Sbi mutual fund is the most actively managing assets for the investors. Sbi mutual fund aims to shine out of the benchmarks of the sector using intensely scrutinized in varied Indian stocks. The management technique has been approached on the basis of basic assessment to construct a portfolio. Sbi mutual fund is always one step forward among the others as it has blended, large-cap, mid-cap or distinct sector-oriented peculiarity. Due to its wide network across India, it provides value for the money and trust among the investors or family.
The perseverance to help customers in order to achieve their goal financial objectives makes Sbi mutual fund one of the largest investment management firms in India. The trustee signed into an Investment Management Agreement on 14th May 1993 and also a supplementary IMA on 28th April 2003, which was supplemented by a Restated and Revised Investment Management Agreement of 29th December 2004 with SBI Fund Management Private Limited to act as the Investment Manager for all SBI MF Schemes.
In compliance with registration code MF-009/93/3, SBI MF was licensed with SEBI on 23rd December 1993.
SBI Mutual Fund is sponsored by State Bank of India, one of the largest public sector banks in India. The sponsor is the trustee of the mutual fund. In order to contribute to the mutual fund corpus, the sponsor has entrusted the trustee with a sum of Rs 5 lac. SBI is the largest bank with 22,010 branches in India, 208 overseas branches and the largest international network of all Indian banks with its corporate office at State Bank Bhavan, Madame Cama Road, Mumbai 400 021. Extensive network and corresponding relationships with more than 235 banks and tie-up with 56 exchanges across all continents make SBI global bank. SBI Fund management private limited owns 635 of the SBI assets.
The trustee is the Trust Fund's legal shareholder and keeps the same in trust for the unit owners benefit. The trustee has accomplished his responsibilities and exercised the services provided for in the Regulations and the Trust Deed. The trustee aims to ensure that, in compliance with the Trust Deed the rules directives and instructions provided by SEBI, the stock exchanges, the Association of Mutual Funds in India and other regulatory agencies, the fund and the schemes floating under are regulated by AMC.
SBI Fund Management Private Limited is a private limited company established under the Company Acts 1956, 17th February 1992 with its registered office at 9th Floor, Crescenzo, C-38 & 39, G Street, Bandra-Kurla Plaza, Bandra (East), Mumbai- 400051. SBIFMPL was named as the SBI Mutual Fund Asset Management Company by the Trustee Vide Investment Management Agreement(IMA) on 14th May 1993 as well as supplementary IMA on 28th April 2003 and the same was substituted by the Restated and Revised Investment Management Agreement between SBIMFTCPL and SBIFMPL on 29th December 2004.
The AMCs authorized capital was Rs 52.50 Cr, paid-up capital and the net worth of the AMC was Rs 1298.97 Cr according to the audited accounts on 31st March 2019.
SBI FMPL is the leading European asset management company, is a joint venture between SBI and AMUNDI Asset Management. On April 13th, 2011, SBI and AMUNDI Asset Management concluded a shareholder agreement in this regard. SBI currently has a share of 63% in SBIFMPL and a wholly-owned affiliate AMUNDI India owner has an interest of 37% in AMUNDI Asset Management. In the global best practices and international standards, SBI and AMUNDI Asset Management develops the Societe Generale S.A as an internationally renowned asset management company. As far as the investment management agreements are concerned, the SBIFMPL is responsible for managing the fund every day, making investment decisions and administering the SBI Mutual Fund programs in accordance with the scheme targets, Trust Deed, Investment Management Agreement provisions and SEBI regulations and directives.
There are 4 types of Fund Scheme comes under Sbi Mutual Fund which are listed below:
Type of Fund- An open-ended equity scheme investing in a maximum of 30 stocks across multi-cap space
Investment Objective- To generate the investor with the opportunity of long-term capital appreciation by investing in a concentrated portfolio of equity and equity-related securities.
Fund Management
Type of Fund- An open ended scheme following a contrarian investment strategy
Investment Objective- To generate the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities following a contrarian investment strategy.
Fund Management
Type of Fund- An open ended Equity Scheme predominately investing in small cap stocks.
Investment Objective- To generate long term capital growth by investing predominantly in a well diversified basket of equity stocks of small cap companies.
Fund Management
Type of Scheme- An open ended Equity Linked Scheme with a statutory lock-in period of 3 years and tax benefit.
Investment Objective- To generate benefit by investing in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961
Fund Management
Dinesh Balachandran
Type of Scheme- An open ended Equity scheme following the consumption theme.
Investment Objective- To generate the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities in Consumption space.
Fund Management
Type of Scheme- An open ended Equity scheme investing in the company following the ESG scheme.
Investment Objective- To generate investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of companies following Environmental, Social and Governance (ESG) criteria.
Fund Management
Type of Scheme- An open ended Equity scheme investing in the healthcare sector.
Investment Objective- To generate the investors with the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities in Healthcare space.
Fund Management
Type of Scheme- An open ended Equity scheme predominately investing in midcap stocks.
Investment Objective- To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well-diversified basket of equity stocks of Midcap companies.
Fund Management
Type of Scheme- An open ended Equity scheme investing in companies following the MNC theme.
Investment Objective- To generate the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio comprising primarily of MNC companies.
Fund Management
Type of Scheme- An open ended equity scheme investing in large and midcap stocks.
Investment Objective- To provide the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio comprising predominantly large cap and mid cap companies
Fund Management
Type of Scheme- An open ended equity scheme investing in technology and technology related sectors.
Investment Objective- To deliver the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities in technology and technology related companies.
Fund Management
Anup Upadhyay
Type of Scheme- An open ended equity scheme investing in banking and financial services sector.
Investment Objective- To provide long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services
Fund Management
Type of Scheme- An open-ended Equity Scheme investing across large cap, mid cap, small cap stocks.
Scheme Objective- The primary goal of the scheme is to generate long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments.
Fund Management
Type of Scheme- An open-ended Equity Scheme investing across large cap stocks
Scheme Objective- To generate opportunities for long-term growth in capital through an active management of investments in a diversified basket of large-cap equity stocks
Fund Management
Sohini Andani
Type of Scheme- An open-ended Equity Scheme investing in commodity and commodity-related sectors
Scheme Objective- To provide opportunities for growth along with the possibility of consistent returns by investing predominantly in a portfolio of stocks of companies engaged in the commodity and commodity-related businesses.
Fund Management
Type of Scheme- An open-ended Equity Scheme investing in infrastructure and allied sectors
Scheme Objective- To generate investors with opportunities for long-term growth in capital through active management of investments in a diversified basket of equity stocks of companies directly or indirectly involved in the infrastructure growth in the Indian economy and in debt & money market instruments.
Fund Management
Scheme Type- An open ended equity scheme investing in PSU/PSU subsidiaries sector
Scheme Objective- To generate investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings (and their subsidiaries) and in debt and money market instruments issued by PSUs and others.
Fund Management
Richard D'souza
Type of Scheme- An open ended Equity Scheme following minimum variance theme
Scheme Objective- To seek long term capital appreciation by investing in a diversified basket of companies in Nifty 50 Index while aiming for minimizing the portfolio volatility.
Category: Equity-Thematic
Fund Management
Type of Scheme- An open ended Debt Scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds)
Category- Debt Credit Risk Fund
Investment Objective- To provide the investors with an opportunity to predominantly invest in corporate bonds rated AA and below(excluding AA+ rated corporate bonds) so as to generate best returns while maintaining moderate liquidity in the portfolio through investment in money market securities.
Fund Management
Type of Scheme- An open ended Debt Scheme predominantly investing in government securities across maturity.
Category- Gilt Fund
Investment Objective- To generate returns to the investors generated through investments in Government securities issued by the Central Government and/or State Government(s).
Fund Management
Dinesh Ahuja, (Managing Since: Jan-2011)
Type of Scheme- An open ended Debt Scheme predominantly investing in government securities having a constant maturity of around 10 year
Scheme Category- Debt-Gilt Fund
Investment Objective- To generate returns to the investors generated through investments predominantly in Government securities issued by the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.
Fund Management
Type of Scheme- An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Finance Institutions and Municipal Corporates.
Investment Objective- The scheme seeks to provide regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal bodies.
Fund Management
Type of Scheme- An open-ended medium term Debt Scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 years and 4 years.
Category- Debt- Medium Duration Fund
Investment Objective- To provide investors an opportunity to generate attractive returns with moderate
degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years – 4 years.
Fund Management
Type of Scheme- An open-ended low duration Debt Scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
Category- Debt Low Duration Fund
Investment Objective- To provide investors with an opportunity to gain regular income with a reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.
Fund Management
Type of Scheme- An open-ended medium to long-term Debt Scheme investing in instruments such that the Macaulay Duration of the portfolio is between 4 years to 7 years.
Category- Debt Medium to Long Duration Fund
Investment Objective- To provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years.
Fund Management
Type of Scheme- An open ended liquid scheme
Category- Debt Liquid Fund
Investment Objective- To provide the investors an opportunity to invest in the entire range of debt and money market securities with residual maturity upto 91 days only.
Fund Management
Type of Fund- An open ended debt scheme investing in money market instruments.
Category- Debt Money Market Fund
Investment Objective- To generate the investors an opportunity to invest in money market instruments.
Fund Management
Type of Fund- An open-ended ultra-short-term Debt Scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 months to 6 months.
Investment Objective- To provide regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments.
Fund Management
Type of Scheme- An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Investment Objective- To give investors an opportunity to invest primarily in AA+ classified corporate bonds and above to generate additional spread from high-quality corporate debt securities on part of their debt portfolios while retaining modest liquidity in the portfolio by investing in money market securities..
Fund Management
Type of Fund- An open ended Debt scheme investing in overnight securities
Category- Debt Overnight Fund
Investment Objective- To generate an opportunity to invest in overnight securities maturing on the next business day.
Fund Management
Type of Scheme- An open ended hybrid scheme investing predominantly in equity and equity related instruments.
Category- Aggressive Hybrid Fund
Investment Objective- To generate investors long-term capital appreciation along with the liquidity of an open-ended scheme by investing in a mix of debt and equity. The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in fixed income securities.
Fund Management
Type of Fund- An open ended hybrid scheme investing predominantly in debt instruments
Investment Objective- To generate an opportunity to invest primarily in Debt and Money market instruments and secondarily in equity and equity related instruments.
Fund Management
Type of Fund- An open ended scheme investing in equity, debt, gold and gold related instruments
Investment Objective- To generate the investors an opportunity to invest in an actively managed portfolio of multiple asset classes.
Fund Management
Type of Fund- An open ended scheme for investment for children's having lock-in period of at least 5 years or till the child attains age of maturity.
Investment Objective- To generate investors an opportunity to earn regular income predominately through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio.
Fund Management
Type of Scheme- An open ended scheme tracking Nifty 50 Index
Category- Index Fund
Investment Objective- To generate income by investing in stocks comprising the Nifty 50 Index
Fund Management
Raviprakash Sharma
Type of Scheme- An open ended Fund of Fund scheme investing in SBI ETF GOLD.
Investment Objective- The scheme seeks to provide returns that closely correspond to returns provided by SBI - ETF Gold
Fund Management
SBI Mutual Fund Return calculator allows you to calculate approximate returns on the accumulated money from the mutual funds. The most crucial thing as we think about investments is what sort of returns should be made. In fact, returns can be very variable over a long time span. Then it would be hard to figure out what the final corpus will be at varying estimated rate of returns. SBI Mutual Funds Returns Calculator keeps track of this specific need and is the tool for your financial planning. MF Return Calculator will show how far your net worth will be down the road, taking into account the various variables like the form of the fund – such as SIP or Lumpsum along with the investment span and estimated return rate. After filling the accurate values in the required field of SBI Mutual Fund Calculator to know what Principal Interest and total Cumulative Wealth will you get at the end of your provisional investment period,