Equity funds are those in which most of the funds gathered from investors are invested in equities. Such investments are suitable for those who have risk appetite and can cope if there is any loss.
Risk and return are high in such type of funds and one should read all the scheme related documents carefully before investing.
Here are some best SBI equity mutual funds which can be considered.
SBI Magnum Equity Fund seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme.
The product can be considered by persons who are looking for long term investments. The company will primarily invest in equities and the balance in debt and money market instruments.
Also read: 7 reasons why the SBI Magnum Equity Fund is a great buying opportunity.
SBI Magnum Global Fund is an open-ended equity scheme which makes well-researched investments in stocks and securities of companies from selected industries with high growth potential.
The product can be considered by persons who are looking for long term investments and investments in Indian equities, PCDs and FCDs from selected industries. Equities and bonds are selected from industries with high growth prospects.
The company will invest 80-100 per cent in Equity, Partly Convertible Debentures and fully Convertible Debentures & Bonds. Remaining 0-20 per cent in money market instruments.
SBI Blue Chip Fund invests in stocks of bluechip companies i.e. in stocks of companies with market capitalization equal to or more than the least market capitalized stock of BSE 100 Index.
The fund comprises of a well diversified portfolio of predominantly large cap companies, with steady growth potential opportunity.
The company will primarily invest in equities and equity related instruments including derivatives. Remaining, it may consider investing in foreign securities, ADR , GDR Fixed or Floating Debt Instruments.
Note that the investments are limited to stocks with market capitalization equal to or more than the least market capitalized stock of BSE 100 Index
SBI Magnum Multicap Fund
SBI Magnum Multicap Fund would invest in a diversified basket of equity & equity related instruments, debt and money market instruments.
Investments in equity instruments would span the entire market capitalization spectrum covering large cap, mid cap and small cap stocks.
This is a diversified equity fund which invests in equity and equity related instruments of companies spanning the entire market capitalization spectrum.
The fund will invest 50-90 percent in large cap, 10-40 percent in midcap and 0-10 percent in small cap.
SBI Magnum Multiplier Plus 1993 (SBI MMPS) is a diversified equity fund - which invests across market capitalization ie. in large, mid and small cap stocks, with an endeavour to generate long term capital appreciation through investment in equities of high growth companies.
Investments in diversified portfolio of equities of high growth companies to provide a blend of long term capital appreciation and liquidity