When it comes to mutual funds, many of you will surely agree on the fact that investing in the same is not everyone’s cup of tea. Yes, it is a time-taking process that requires expert skills and experience to know which scheme is the best as far as investment is concerned. Usually, people prefer to take the help of financial experts, having a deep understanding and sound knowledge of mutual funds.
These professionals are known as fund managers, whose main objective is to help their clients invest in the best mutual fund. These experts deeply study the market conditions and with their expert skills and rich experience guide you to invest in the right fund.
Usually, it is confusing and at the same time difficult for a first-time investor to know which fund is going to be fruitful for him/her. That’s Right! In today’s scenario, there are many fund houses are there, known for offering the widest range of schemes. But it is not easy for all to choose a scheme, which is going to be beneficial in the long-run. So, to help you in this situation, we are here to help.
Through this article, we will let you know about SBI Mutual Fund, one of the renowned names, worldwide known for its diversified portfolio. Be it equity, debt or hybrid, this financial firm meets all our financial needs in the best way. Well, no matter which scheme you want to invest in, SBI got you covered. So, let’s not waste any time further and glance at some of its top-performing schemes in the article below.
Equity Fund
SBI Emerging Businesses Fund
NAV: 130.83
Return Since Inception: 21.61%
Started On: 11 October 2004
1 Year Return: 31.52%
10 Year SIP Returns: 20.42%
AUM: ₹ 2083.77 Cr
Minimum Investment:₹ 5,000
Expense Ratio:2.10%
Fund Manager: R. Srinivasan
Financial Holdings: Procter & Gamble Hygiene & Health Care Ltd. (9.99%), HDFC Bank Ltd. (9.55%), Divi's Laboratories Ltd (6.35%), Gruh Finance Ltd (6.12%), Elgi Equipments Ltd. (5.91%), Great Eastern Shipping Company Ltd. (5.75%), Solar Industries India Ltd (5.42%), Kirloskar Oil Engines Ltd (5.13%), Kotak Mahindra Bank Ltd (4.92%), Westlife Development Ltd. (3.59%)
Sectoral Holdings: Financial (33.45%), FMCG (14.88%), Services (11.85%), Engineering (10.53%), Chemicals (8.51%), Healthcare (7.12%)Automobile (6.86%), Cons Durable (3.24%), Textiles (2.67%)
Debt Fund
SBI Magnum Gilt Fund - Long Term
NAV: 38.39
Return Since Inception:8.27%
Started On: 30 December 2000
1 Year Return: 3.56%
10 Year SIP Returns: 9.54%
AUM: ₹ 3076.32 Cr
Minimum Investment:₹ 5,000
Expense Ratio:1.00%
Fund Manager: Dinesh Ahuja
Financial Holdings: GOI 17/09/2031 6.68%. (20.99%), GOI 15/05/2027 6.79% (19.41%), GOI 21/09/2027 8.28%(6.98%), GOI 01/12/2044 8.17% (6.87%), GOI 22/06/2024 7.35%(6.65%),GOI 19/12/2034 7.73%(6.07%), Tamilnadu State 22/03/2023 7.67% (0.99%), Tamilnadu State 22/02/2023 7.77%(0.83%), Telangana State 07/03/2024 7.87% (0.5%), Telangana State 07/03/2023 7.63%. (0.49%)
Hybrid Fund
SBI Magnum Balanced Fund
NAV: 126.34
Return Since Inception:16.78%
Started On: 31 December 1995
1 Year Return: 22.30%
10 Year SIP Returns: 15.47%
AUM: ₹ 16691.55 Cr
Minimum Investment:₹ 5,000
Expense Ratio:1.97%
Fund Manager: Dinesh Ahuja and R. Srinivasan
Financial Holdings: HDFC Bank Ltd. (6.18%), Bharti Airtel Ltd. (4.47%), State Bank of India (4.4%), ICICI Bank Ltd. (3.42%), Kotak Mahindra Bank Ltd (3.25%),GOI 15/05/2027 6.79%(3.25%), GOI 19/12/2034 7.73%(2.83%), Sundaram-Clayton Ltd.(2.47%), Divi's Laboratories Ltd(2.33%), Gruh Finance Ltd. (2.09%)
Sectoral Holdings: Financial (28.4%), Services (8.16%), Healthcare (6.72%), Communication (4.9%), Metals (3.88%), Energy (3.88%), FMCG (3.83%), Engineering (3.43%), Automobile (2.76%), Technology (1.54%)
Tax Planning
SBI Magnum Tax Gain Scheme
NAV: 146.11
Return Since Inception: 17.40%
Started On:31 March 1993
1 Year Return: 28.62%
10 Year SIP Returns: 15.16%
AUM: ₹ 6239.74 Cr
Minimum Investment:₹ 500
Expense Ratio:2.00%
Fund Manager: Dinesh Balachandran
Financial Holdings: ICICI Bank Ltd (6.87%), State Bank of India(4.98%), Reliance Industries Ltd(4.61%), ITC Ltd. (4.52%), HDFC Bank Ltd. (3.88%),Bharti Airtel Ltd.(3.37%), Mahindra & Mahindra Ltd (3.23%), Larsen & Toubro Ltd..(3.12%), Infosys Ltd(2.87%),UPL Ltd. (2.37%)
Sectoral Holdings: Financial (29.94%), Energy (10.63%), FMCG (10.41%), Engineering (7.67%), Automobile (7.19%), Communication (6.78%), Construction (6.37%), Technology (5.87%), Services (3.54%), Chemicals (3.45%)
Disclaimer - Mutual Funds are subject to market risks. Please read the scheme related documents carefully before investing.
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