SBI Mutual Fund is one of the oldest and largest fund houses in India. Established in June 1987, with State Bank of India as the sponsor, the asset management company now manages assets worth Rs 2.05 lakh crore.
The fund house currently has 10 equity-diversified schemes in its kitty.
It also manages index funds, arbitrage funds etc. apart from the equity-diversified fund category. In all, the fund house oversees 25 different equity schemes. Apart from these, SBI MF manages 7 hybrid mutual funds and 12 debt-oriented schemes.
The performance of SBI Mutual Fund schemes has been a mixed bag. Some schemes of the fund house have failed to hold on to their top positions for long. At the other end, certain schemes have done reasonably well over the long term. Let us look at the top funds of SBI Mutual Fund.
In the equity category, midcap dominated schemes of SBI mutual fund lead the list of top performers. SBI Small & Midcap Fund, SBI Emerging Businesses Fund, SBI Contra Fund, SBI Magnum Global Fund, SBI Magnum Multicap Fund and SBI Magnum Midcap Fund were the top mutual fund schemes of SBI Mutual Fund over the past one year.
Sector funds of SBI MF too were present among the top equity funds. SBI FMCG Fund, SBI Banking & Financial Services Fund and SBI Infrastructure Fund were the top performing sector schemes of the fund house.
| Scheme Name | 1 Year (%) |
|---|---|
| SBI Small & Midcap Fund | 81.07 |
| SBI FMCG Fund | 56.37 |
| SBI Emerging Businesses Fund | 44.32 |
| SBI Banking & Financial Services Fund | 41.61 |
| SBI Contra Fund | 41.34 |
| SBI Magnum Global Fund | 41.04 |
| SBI Magnum Multiplier Fund | 40.51 |
| SBI Infrastructure Fund | 40.28 |
| SBI Magnum Comma Fund | 39.13 |
| SBI Magnum Multicap Fund | 36.36 |
| SBI Magnum TaxGain'93 | 33.96 |
| SBI Magnum Midcap Fund | 33.24 |
| SBI BlueChip Fund | 29.32 |
| SBI Magnum Equity Fund | 23.57 |
| SBI PSU Fund | 19.93 |
*Please note, this table only represents the best performing funds based solely on past returns and is NOT a recommendation. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not an indicator for future returns. The percentage returns shown are only for indicative purposes.
Those who are unsure about which mutual fund schemes to invest in may try PersonalFN's unbiased mutual fund research services. Along with quantitative parameters such as performance, PersonalFN also considers qualitative parameters such as portfolio characteristics while analysing mutual fund schemes.
One such service from PersonalFN is FundSelect. This service helps you identify the top-performing funds across varying market caps and investment styles-be it largecap, midcap, multicap, value-based or balanced funds-highlighting the underperforming or average performing ones too.
FundSelect will assist you in discovering the "best of the best" equity funds as well as debt funds in the market. It will help you build a solid mutual fund portfolio through disciplined investing. So, you have an opportunity to benefit from market beating returns generated by quality mutual funds.
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This article first appeared on PersonalFN here.
PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.
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