By investing in these schemes, investors can plan all of their short-, mid-, and long-term financial goals. The top 10 SBI Mutual Funds plans that can produce solid returns over time are shown below. These best SBI mutual funds were chosen from a long list of contenders after taking into account factors including AUM, NAV, prior performances, peer average returns, and other crucial factors.
Why Should I Invest in SBI Mutual Funds?
- Capital Appreciation: Depending on the fund you choose to invest in, investing in SBI MF can give you a capital appreciation for both low-risk and high-risk investments.
- Safety: SBI’s mutual fund programmes are among the most reputable and trustworthy in the nation.
- Variety of Options: There are many ways to invest in SBI Mutual Funds. You can do so for the short term, the midterm, or the long term under these SBI-offered plans.
- Excellent Ratings: A large number of SBI equity programmes have ratings of three or above from CRISIL.
- Management of Domestic and Offshore Funds: The business is skilled in managing both Domestic and Offshore Funds.
- Tax advantages: SBI Mutual Fund makes it simpler to save taxes. Investors can reduce their tax liability by using the company’s Equity Linked Savings Scheme.
- Investment by NRIs: The business also accepts NRI investments in its mutual funds.
Here are the Top 10 Mutual Funds by SBI –
1. SBI Tax Advantage Fund-III
A list of SBI’s Top 10 Mutual funds has to begin with this. This is one of the ELSS (Equity Linked Savings Scheme) that SBIMF offers. The scheme’s expenditure ratio is 2.6 percent, despite the fund’s smaller-than-average AUM of Rs 30.64 cr. The fund’s CAGRs over three and five years are 30.04 and 23.78 percent, respectively.
2. SBI Small Cap Fund
This fund has an expense ratio of 0.74 percent and an AUM of Rs 11,576.50 crore. The fund has a 3-yr CAGR of 25.43 percent and a 5-yr CAGR of 20.18 percent when it comes to returns. The fund makes small-cap equity investments. Smallcap funds have a high risk profile by nature, but they also have the potential to produce better returns.
3. SBI Technology Opp Fund
This programme is a sectoral fund that invests in securities connected to technology and has an AUM of Rs 2,632.90. The fund’s cost ratio is 0.9 percent, and its 3-year and 5-year CAGRs are 28.25 percent and 25.98 percent, respectively.
4. SBI LT Advantage Fund-IV
A list of SBI’s Top 10 Mutual funds is incomplete without this. With an AUM of Rs 187.47 cr, this SBI mutual fund is an equity linked savings system (ELSS). The fund’s 3-year and 5-year CAGRs are 30.69 and 23.84, respectively. An ELSS fund offers tax advantages while investing in equity assets.
5. SBI Contra Fund
This contra fund version of the SBIMF has an expense ratio of 1.28 percent and an AUM of Rs 4,490.52 cr. The CAGRs for the first three and five years are 21.39 and 14.48 percent, respectively. A contra fund, by definition, wagers against the direction of the market at the time and makes investments in underperforming or depressed assets.
6. SBI LT Advantage Fund-I
This fund, which is yet another equity linked savings plan provided by SBIMF, has an AUM of Rs 37.14 cr and an expense ratio of 2.65 percent. The CAGRs for the three and five years are, respectively, 21.09 and 14.45 percent.
7. SBI LT Advantage Fund-III
This is another ELSS programme provided by the AMC, with an AUM of Rs 59.81 cr. The 5-yr CAGR is 16.01 percent, compared to the 3-yr CAGR of 22.02 percent.
8. SBI Focused Equity Fund
This is a targeted fund with an expense ratio of 0.68 percent and an AUM of Rs 24,706.56 cr. The CAGRs over three and five years are 14.96 and 15.86 percent, respectively. A targeted mutual fund, by definition, invests in a small number of equities from a small number of industries.
9. SBI LT Advantage Fund-II
The AUM of this ELSS programme, which has been provided by SBI Mutual Funds, is Rs 31.72 cr. The fund’s cost ratio is 2.65%, and its 3-year and 5-year CAGRs are 21.93% and 15.26%, respectively.
10. SBI Consumption Opp Fund
This sectoral fund has consumption as its central topic. The fund has 953.18 crores in AUM, and its cost ratio is 1.34 percent. The fund’s 3-year CAGR is 17.87 percent, and its 5-year CAGR is 14.24 percent, when it comes to returns.
Mutual funds come in a variety of forms, including equity funds, ELSS, sectoral funds, targeted funds, and so forth, depending on the underlying assets. As a result, the best SBI mutual fund depends on a number of variables, including your investing purpose, risk tolerance, and expected return. Do you desire long-term money accumulation? You might think about equity funds. ELSS can also be a good choice if you want to get both tax advantages and great returns. Choose the best mutual fund scheme before investing by comparing it to its counterparts at different fund houses.