If you are a first-time mutual fund investor and don’t know the nitty and gritty of the same, you are at the right place. Here, in this article, we are going to answer all your queries and help you know the best funds to invest.
However, it is absolutely true that MFs investments are risk- oriented and are based on the market performance. But if an investor knows When and Where to invest after analyzing the market condition, it would be a smooth journey for him/her to reap the maximum benefits in the future. But it comes with an experience and at the same time expert skills, which ultimately needs time, a lot of time. So, to keep you away from that hassle, we are here to help.
Moreover, we will let you know some of the best schemes that can double your money and give you the good returns. Right from equity, debt to hybrid, SBI Mutual Fund with its widest range of schemes covers all your financial needs.However, it is absolutely true that MFs investments are risk- oriented and are based on the market performance. But if an investor knows When and Where to invest after analyzing the market condition, it would be a smooth journey for him/her to reap the maximum benefits in the future. But it comes with an experience and at the same time expert skills, which ultimately needs time, a lot of time. So, to keep you away from that hassle, we are here to help.
But it is not easy for a first-time investor to choose the best fund as there are many of them, thus it is quite obvious to get confused. Well, if you are in the same dilemma then nothing to worry as all you need to do is just read the article. Below we are going to discuss some of the top-performing schemes to meet your various financial needs.
Equity Fund
SBI Emerging Businesses Fund
NAV: 129.93
Return Since Inception: 21.56%
Started On: 11 October 2004
1 Year Return: 32.06%
10 Year SIP Returns: 20.3%
AUM: ₹ 2083.77 Cr
Minimum Investment: ₹ 5,000
Expense Ratio: 2.10%
Fund Manager:R. Srinivasan
Portfolio 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: 38.34
Return Since Inception: 8.27%
Started On: 30 DEcember 2000
1 Year Return:2.80%
10 Year SIP Returns:9.52%
AUM:₹ 3076.32 Cr
Minimum Investment: ₹ 5,000
Expense Ratio: 1.00%
Fund Manager:Dinesh Ahuja
Portfolio 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%), Himachal Pradesh State 28/02/2023 7.54% (0.49%)
Hybrid Fund
SBI Magnum Balanced Fund
NAV: 126.22
Return Since Inception: 16.78%
Started On::31 December 1995
1 Year Return: 22.23%
10 Year SIP Returns: 15.45%
AUM:₹ 16691.55 Cr
Minimum Investment: ₹ 5,000
Expense Ratio: 1.97%
Fund Manager:Dinesh Ahuja and R. Srinivasan
Portfolio Holdings: HDFC Bank Ltd.(6.18%), Bharti Airtel Ltd(4.47%), State Bank of India(4.4%), ICICI Bank Ltd. (3.42%), GOI 15/05/2027 6.79% (3.25%), Kotak Mahindra Bank Ltd.(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%)
Tax Planning
SBI Magnum Tax Gain Scheme
NAV: 146.29
Return Since Inception: 17.41%
Started On: 31 March 1993
1 Year Return: 29.21%
10 Year SIP Returns: 15.2%
AUM: ₹ 6239.74 Cr
Minimum Investment: ₹ 500
Expense Ratio: 2.00%
Fund Manager:Dinesh Balachandran
Portfolio 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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