What are the Best SBI Mutual Funds to Invest in India?

2488

SBI Mutual Fund is a joint venture between Amundi, a European asset management company, and the State Bank of India, and is rated among some of the largest mutual fund houses in India. It was initiated almost three decades back on June 29, 1987. There are in all 60 schemes at present under its roof which ranges from debt, hybrid, and various equity funds. Investors can choose any of these depending on their investment objectives.

Let’s have a close look at some of the best-performing SBI Mutual Fund schemes, which are good for investment purposes.

SBI Small Cap Fund

Fund Performance: The SBI Small Cap Fund falls under the Equity category of SBI Mutual Funds. It has given 31.03% annualized returns in the past three years and 16.25% in the past five years.

Minimum Amount required for investment: Lump sum – ₹5,000

SIP – ₹500

SBI Flexicap Fund

Fund Performance: The SBI Flexicap Fund falls under the Equity category of SBI Mutual Funds. It has given 16.93% annualized returns in the past three years and 12.07% in the past five years.

Minimum Amount required for investment: Lump sum – ₹1,000

SIP – ₹500

SBI Bluechip Direct Plan

Fund Performance: The SBI Bluechip Direct falls under the Equity category of SBI Mutual Funds. It has given 17.51% annualized returns in the past three years and 12.7% in the past five years.

Minimum Amount required for investment: Lump sum – ₹5,000

SIP – ₹500

SBI-Focused Equity Fund

Fund Performance: The SBI-Focused Equity Fund falls under the Equity category of SBI Mutual Funds. It has given 17.04% annualized returns in the past three years and 13.61% in the past five years.

Minimum Amount required for investment: Lump sum – ₹5,000

SIP – ₹500

SBI Banking & Financial Services Fund

Fund Performance: The SBI Banking & Financial Services Fund falls under the Equity category of SBI Mutual Funds. It has given 11.89% annualized returns in the past three years and 13.79% in the past five years.

Minimum Amount required for investment: Lump sum – ₹5,000

SIP – ₹500

SBI Equity Hybrid Fund Direct Plan

Fund Performance: The SBI Equity Hybrid Fund Direct Plan falls under the Hybrid category of SBI Mutual Funds. It has given 14.31% annualized returns in the past three years and 11.88% in the past five years.

Minimum Amount required for investment: Lump sum – ₹1,000

SIP – ₹500

SBI Technology Opportunities Fund

Fund Performance: The SBI Technology Opportunities Fund falls under the equity category of SBI Mutual Funds. It has given 32.88% annualized returns in the past three years and 26.75% in the past five years.

Minimum Amount required for investment: Lump sum – ₹5,000

SIP – ₹500

SBI Nifty Index Direct Plan

Fund Performance: The SBI Nifty Index Direct Plan falls under the other category of SBI Mutual Funds. It has given 16.53% annualized returns in the past three years and 13.93% in the past five years.

Minimum Amount required for investment: Lump sum – ₹5,000

SIP – ₹500

SBI Gold Direct Plan-Growth

Fund Performance: The SBI Gold Direct Plan-Growth falls under the other category of SBI Mutual Funds. It has given 11.39% annualized returns in the past three years and 12.02% in the past five years.

Minimum Amount required for investment: Lump sum – ₹5,000

SIP – ₹500

SBI Consumption Opportunities Fund

Fund Performance: The SBI Consumption Opportunities Fund falls under the equity category of SBI Mutual Funds. It has given 23.05% annualized returns in the past three years and 14.44% in the past five years.

Minimum Amount required for investment: Lump sum – ₹5,000

SIP – ₹500

Previous articleWhy is it Important to Ensure Your Baby is Wearing the Right Diapers?
Next articleFounder of Zeus Equity Group and the Real Estate Industry Stalwart Dr. Steven Kaufman Wants You to Avoid These Myths about Real Estate