4 Best SBI Mutual Fund Schemes With The Highest 3-year Returns

It has been a good last few years for mutual funds in India. In fact, markets continue to trend higher, which is good news for most mutual fund schemes in India. Here are 4 best SBI schemes, which have given the highest 3-year returns.

SBI Contra Fund, Direct, Growth

The SBI Contra Fund is the best performing among SBI Mutual Fund Schemes. The fund has generated a returns of 29.92% over the last 3-years. The 5-year returns is 13.74% on an annualized basis. The net asset value is Rs 245.92. Please note, we are not recommending any of these funds, and only giving information. If you wish to invest please seek professional advise. The fund size is slightly more than Rs 7,000 crores and one can start SIPs as well with small amounts of Rs 500 every month.

SBI Technology Opportunities Fund Direct, Growth

With a 3-year annualized yield of nearly 28%, SBI Technology Opportunities Fund Direct, Growth has to be the second best mutual fund scheme from the SBI stable. As the name suggests the fund is heavily invested in technology stocks and perhaps that is the mandate of the fund. The investment is in stocks like Infosys, Tata Consultancy, Bharti Airtel, HCL Technologies, Microsoft etc. What is most interesting is that the fund has good levels of cash and cash equivalents of nearly 10%, allowing it to invest at lower levels.

SBI Small Cap Fund, Growth, Direct

With returns of 27.31%, this is the third best performing SBI mutual Fund Scheme. As the name outlines, the fund is invested heavily in small cap stocks, including the likes of Bluestar, Vedant Fashions, V-Guard and Finolex Industries. The assets under management of SBI Small Cap Fund is Rs 15,300 crores, which is sizeable for any small cap mutual fund. The last 1-year returns from the fund is a little low at 5%. Please note, that as well all know returns from small cap mutual funds can be volatile, so do exercise some discretion before putting large amounts.

SBI Magnum Midcap, growth, Direct

This is a midcap fund from the SBI Mutual Fund stable with returns of 25.52% over the last 3-years. The net asset value of the fund is Rs 157.47. The fund has exposure to midcap stocks, which is not ideal, if you are a risk averse investor. Among the stocks in its portfolio are names like Crisil, Tube Investments of India. It is a good idea to have exposure to large, small and midcap mutual funds to balance risk and returns.