SBI Mutual Funds: List of Schemes and Overview
SBI Mutual Fund is India’s largest mutual fund house by assets under management. As of 2026, it manages over ₹12 lakh cr in AUM, maintaining a clear lead in India’s mutual fund industry. The fund house offers schemes across equity, debt, hybrid, passive, and thematic categories, reflecting its scale and wide investor base.
List of Best SBI Mutual Funds in India (2026)
Here are some of the top 10 mutual funds in SBI for 2026:
| Name | Sub Category | AUM (Cr.) | Expense Ratio | CAGR 3Y (%) |
|---|---|---|---|---|
| SBI Equity Hybrid Fund | Aggressive Hybrid Fund | 82,846.63 | 0.71 | 15.26 |
| SBI Liquid Fund | Liquid Fund | 61,410.99 | 0.19 | 6.97 |
| SBI Large Cap Fund | Large Cap Fund | 55,879.13 | 0.79 | 15.54 |
| SBI Contra Fund | Contra Fund | 49,967.08 | 0.68 | 21.44 |
| SBI Focused Fund | Focused Fund | 43,173.02 | 0.74 | 20.09 |
| SBI Arbitrage Opportunities Fund | Arbitrage Fund | 41,082.90 | 0.41 | 7.72 |
| SBI Balanced Advantage Fund | Balanced Advantage Fund | 39,914.31 | 0.7 | 15.21 |
| SBI Large & Midcap Fund | Large & Mid Cap Fund | 37,443.21 | 0.73 | 19.74 |
| SBI Small Cap Fund | Small Cap Fund | 36,268.45 | 0.75 | 14.42 |
| SBI Savings Fund | Money Market Fund | 33,641.56 | 0.25 | 7.52 |
Note: The funds mentioned are taken from Tickertape Mutual Funds Screener on 13th May, 2026. They are sorted based on their assets under management (AUM).
🚀 Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
Overview of the Top SBI Mutual Fund Schemes based on AUM
SBI Equity Hybrid Fund
SBI Equity Hybrid Fund Regular Growth is a hybrid mutual fund that invests in both equity and debt instruments. The fund aims to generate capital appreciation and income through a diversified portfolio balanced between growth-oriented equities and relatively stable debt securities.
SBI Liquid Fund
SBI Liquid Fund is a liquid mutual fund that invests in very short-term debt and money market instruments with maturity up to 91 days. The fund focuses on providing liquidity and capital preservation while generating returns that are marginally higher than those of savings accounts.
SBI Large Cap Fund
SBI Large Cap Fund is an equity mutual fund that primarily invests in stocks of large-cap companies ranked among the top 100 by market capitalisation. The fund seeks long-term capital growth by investing in established, financially stable companies with proven track records.
SBI Contra Fund
SBI Contra Fund is an equity mutual fund that follows a contrarian investment strategy, investing in fundamentally strong stocks that are currently undervalued or out of favour with the market. The fund aims to generate returns by identifying opportunities others may have overlooked.
SBI Focused Fund
SBI Focused Fund is an equity mutual fund that concentrates its investments in a limited portfolio of up to 30 stocks across market capitalisations. The fund pursues a high-conviction investment approach, focusing on select opportunities the fund manager believes have strong growth potential.
SBI Arbitrage Opportunities Fund
SBI Arbitrage Opportunities Fund is a hybrid scheme that exploits price differentials between cash and derivatives markets through arbitrage strategies. The fund aims to generate relatively stable returns with lower volatility while offering equity taxation benefits to investors.
SBI Balanced Advantage Fund
SBI Balanced Advantage Fund is a dynamic asset allocation fund that actively adjusts its equity and debt allocation based on market valuations and conditions. The fund seeks to manage downside risk while participating in market upside through flexible portfolio positioning.
SBI Large & Midcap Fund
SBI Large & Midcap Fund is an equity mutual fund that invests in both large-cap and mid-cap stocks, maintaining exposure to established companies while capturing growth potential from emerging mid-sized businesses. The fund balances stability with growth opportunities across market capitalisations.
SBI Small Cap Fund
SBI Small Cap Fund is an equity mutual fund that invests predominantly in small-cap companies ranked below the top 250 by market capitalisation. The fund targets higher growth potential by investing in smaller, emerging companies while accepting higher volatility and risk.
SBI Savings Fund
SBI Savings Fund is an ultra-short-duration debt fund that invests in debt and money market instruments with a Macaulay duration of 3-6 months. The fund provides an alternative to traditional savings with relatively low risk and higher potential returns.
What are SBI Mutual Funds?
SBI Mutual Fund Trustee Company Pvt. Ltd. manages SBI Bank Mutual Fund and plays an important role in India’s mutual fund industry. The fund was established on 29 June 1987 and officially incorporated on 7 February 1992. It is India’s second mutual fund after the Unit Trust of India, founded in 1963. The State Bank of India (SBI), one of the country’s largest and most trusted banks, sponsors the fund.
In July 2004, SBI sold a 37% stake in its mutual fund business to Amundi, a well-known French asset management company. Crédit Agricole and Société Générale jointly created Amundi. The company is known worldwide for its asset management expertise. This partnership helped SBI Mutual Fund expand globally and adopt international best practices, making it one of the market’s best-performing mutual funds.
Key Information About SBI Funds Management Limited
| Category | Details |
| Full Name | SBI Funds Management Limited (SBIFMPL) |
| Role | Asset Management Company (AMC) for SBI Mutual Fund |
| Founded / Established | 29 June 1987 (AMC setup) / Incorporated as a company on 7 Feb 1992 |
| Headquarters | Mumbai, India |
| Ownership | State Bank of India (63%) & Amundi Asset Management (37%) |
| Primary Products | Equity, Debt, Hybrid, ETF & Index Funds |
| Assets Under Management (AUM) | Over ₹12 lakh cr as of 2026 |
| Number of Schemes Offered | 108 mutual fund schemes across categories |
Taxation on SBI Mutual Funds as per the Union Budget for 2026-27
The Union Budget 2026–27 revised tax rules for mutual funds, changing how gains from SBI Mutual Funds are taxed. Equity funds face updated short- and long-term rates, while debt funds remain taxed as per the investor’s income slab.
| SBI Mutual Fund Type | When You Sell | Tax Rate |
| Equity funds and ELSS | Within 12 months | 20% |
| Equity funds and ELSS | After 12 months | 12.5% on gains above ₹1.25 lakh |
| Debt funds bought on or after 1 April 2023 | Any time | As per your income tax slab |
| Debt funds bought before 1 April 2023 | Within 24 months | As per your income tax slab |
| Debt funds bought before 1 April 2023 | After 24 months | 12.5% without indexation |
| Hybrid funds with more than 65% equity | Within 12 months | 20% |
| Hybrid funds with more than 65% equity | After 12 months | 12.5% on gains above ₹1.25 lakh |
| Dividends from mutual funds | Whenever received | As per your income tax slab |
Note: Budget 2026 left equity mutual fund taxation unchanged, with 20% STCG and 12.5% LTCG on gains above ₹1.25 lakh. Debt mutual funds bought on or after 1 April 2023 continue to be taxed at slab rates.
How to Invest in SBI Mutual Funds?
You can easily invest in SBI mutual funds by following these steps:
- To invest in SBI MF mutual funds, you can visit an equity investment platform such as smallcase or Tickertape.
- The next step would be to research and identify the top 10 mutual fund schemes among the best mutual funds in SBI that align with your investment thesis. You can easily select and learn more about these SBI mutual fund plans with the help of a financial tool like the Tickertape Mutual Fund Screener. With 50+ pre-loaded filters, it helps you to create a comprehensive list by giving insights about the fund’s performance and allows users to compare SBI MF mutual funds.
- Once you have selected the funds based on different metrics and parameters, go to smallcase.com or the smallcase app, and login via your phone number. Click on ‘Discover‘ and enter the name of the specific mutual fund name in the search bar and hit enter. To start the SBI mutual fund SIP, you can click on ‘invest now’ and select whether you want to invest a lump sum amount or start an SIP and start investing!
However, if you’re confused about which stocks to pick, you can explore smallcases:
- smallcases are readymade model portfolios of stocks/ETFs, that are based on a theme idea or strategy
- They’re created and managed by SEBI-registered investment experts (also known as smallcase managers)
- smallcase offers over 500+ stock portfolios, created by 200+ managers
Here are a few popular smallcases among new investors:
Disclosures for aforementioned smallcases
Types of Mutual Funds in SBI
- Equity Funds: These SBI equity funds invest primarily in stocks and aim for long-term capital appreciation. Examples include the SBI Bluechip Fund and the SBI Magnum Midcap Fund.
- Debt Funds: These SBI debt mutual funds invest in fixed-income securities such as bonds and treasury bills. They are suitable for investors seeking stable SBI Mutual Fund returns with lower risk.
- Hybrid Funds: These SBI mutual funds 2025 invest in a mix of equity and debt instruments, providing a balance between risk and return. The SBI Equity Hybrid Fund is a notable example. Many recommend it as one of the best SIP investments in SBI Mutual Funds.
- Other Categories: SBI MF mutual fund also offers thematic funds, index funds, and funds of funds to cater to specific investment strategies and preferences. For instance, those looking for SBI mutual fund SIP options for long-term investment often explore hybrid and equity options.
Documents Required to Invest in SBI Mutual Funds
The KYC process requires specific documents to verify a client’s identity and address. Acceptable officially valid documents (OVD) include:
Proof of Identity
- PAN Card (mandatory)
- Voter ID Card
- Driving Licence
- Passport
- Aadhaar Card
- Any valid identity card issued by the Central or State Government
Proof of Address
- Voter ID Card
- Driving Licence
- Passport
- Ration Card
- Aadhaar Card
- Bank account statement or passbook
- Utility bills (e.g., electricity or gas bills)
How Do SBI Mutual Funds Work?
- Pooling of Funds: Investors contribute to a specific mutual fund scheme. These contributions are consolidated into a more significant investment corpus.
- Portfolio Management: Skilled fund managers at SBI Mutual Funds allocate the pooled corpus into a mix of financial assets aligned with the scheme’s investment objectives.
- Diversification: SBI Mutual Funds for long-term and short-term investments in a broad array of securities to balance risk and reward, ensuring no single asset disproportionately affects the portfolio.
- NAV Monitoring: The NAV SBI fund value of the SBI mutual fund scheme is calculated daily, reflecting the per-unit SBI fund value of the fund’s holdings after deducting liabilities.
- Returns Distribution: Investors earn through SBI mutual fund NAV appreciation or dividends, depending on their chosen plan, SBI MF mutual fund growth or dividend payout.
- Regulation and Transparency: Governed by SEBI, SBI mutual funds, including SBI hybrid mutual funds, adhere strictly to guidelines, ensuring clarity through regular portfolio disclosures.
Who Can Consider Investing in the SBI Mutual Fund List?
- Conservative Investors: Those looking to start SIP investment with low risk may explore SBI debt funds, hybrid funds or SBI flexi-cap mutual funds.
- Long-Term Investors: Individuals with a long-term horizon might consider SBI mutual fund schemes, which provide professional fund management and market exposure.
It’s crucial for potential investors to evaluate their financial goals, risk tolerance, and investment horizon before considering SBI mutual funds.
Benefits of Investing in SBI Mutual Funds
- Large Fund House Scale: SBI Mutual Fund is one of India’s largest AMCs. As of December 2025, it had a QAAUM of ₹12,49,970 cr and a 15.4% share of the mutual fund market.
- Wide Scheme Range: SBI Mutual Fund offers 92 primary schemes, including 52 equity funds, 23 debt schemes, 13 hybrid schemes, and 4 others. This gives investors options across different categories and risk levels.
- Strong Passive Fund Presence: SBI Mutual Fund is also India’s largest passive asset manager, with a 29.6% market share in ETFs and index funds as of December 2025.
- Industry Growth Tailwind: India’s mutual fund industry AUM stood at ₹81.92 tn as of 30 April 2026, growing about 6 times over 10 years. This shows wider participation in mutual funds across India.
Risks Involved While Investing in SBI Mutual Funds
- Market Risk: SBI equity and hybrid funds can move with stock market conditions. In March 2026, the mutual fund industry’s AUM fell 10.1% month-on-month to ₹73.73 lakh cr due to mark-to-market losses, showing how market movements can affect portfolio values.
- Interest Rate and Credit Risk: Debt funds can be affected by interest rate changes and credit events. When rates rise, bond prices may fall. Lower-rated debt holdings can also carry risks of repayment or downgrades.
- Category-Specific Risk: SBI Mutual Fund offers schemes across equity, debt, hybrid, passive, and other categories. Each category carries different risks, so investors should review the scheme type, asset allocation, and portfolio before investing.
- Liquidity and Exit Load Risk: Some SBI mutual fund schemes may charge an exit load if units are redeemed before a defined period. Liquidity can also vary across categories, especially in certain debt or thematic funds.
How to Choose the Best SBI Funds for 2025?
- Define Your Investment Goals: Determine if you aim for capital appreciation, regular income, or both. You can check out the SBI mutual fund calculator to find out your potential returns against different expected rates of return.
- Assess Your Risk Tolerance: Understand your capacity for risk. Equity funds offer high growth potential but come with volatility. For stability, opt for debt funds or hybrid funds that balance equity and fixed-income exposure.
- Analyse Historical Performance: Review the historical performance of SBI MF mutual funds to gauge consistency. However, note that past performance does not guarantee future results.
- Evaluate Expense Ratios and Fees: Lower expense ratios can significantly impact returns. Compare the costs of similar funds to identify the most cost-effective options, especially when choosing the best SBI mutual fund for lump-sum investments.
- Consult a Financial Advisor: A financial advisor can help identify the best SBI investment plan suited to your needs.
Top SBI Fund Managers
Meet the key leaders behind SBI Mutual Fund’s success:
Mr. R. Srinivasan – Chief Investment Officer (CIO) – Equity
With over 30 years in financial services, Mr. Srinivasan joined SBI Funds Management in 2009 and directly manages equity funds. He holds a postgraduate degree in Commerce and an MFM from Mumbai University.
Mr. Rajeev Radhakrishnan – Chief Investment Officer (CIO) – Fixed Income
Mr. Radhakrishnan joined SBIMF in 2008 as a fixed income manager and now leads the Fixed Income desk. Previously, he worked with UTI Asset Management. He has an engineering degree, a master’s in finance from Mumbai University, and is a CFA charter holder.
Mr. Denys de Campigneulles – Deputy Chief Executive Officer
With 35+ years of experience, Mr. Denys has been Deputy CEO of SBI Funds Management since 2020, joining from Amundi Group. His roles have included CIO at LCL Bank Paris and Deputy CEO, Asia, at Amundi Hong Kong.
Mr. D.P. Singh – Chief Business Officer
Mr. Singh has over 30 years of experience in banking and financial services and has been with SBI Funds Management since 1998. He oversees all business verticals.
Mr. Srinivas Jain – Chief of Strategy, Digital & Technology
Mr. Jain brings 29 years of financial services experience, including 22 years in investment management, joining SBI Funds Management in 2001. He oversees strategy, digital initiatives, and international business.
Ms. Aparna Nirgude – Executive Director & Chief Risk Officer
With over 26 years at SBI Funds Management, Ms. Aparna has led the Risk function since 2005 and has experience in investment management and research. She holds a Management degree from Jamnalal Bajaj Institute.
Mr. Ganesan Sonaimuthu – Chief Operating Officer
Mr. Ganesan, with 42+ years of experience, joined SBI Funds after a long tenure at SBI, holding positions such as General Manager. His expertise includes finance, credit, and investment management.
Factors to Consider Before Investing in SBI Mutual Funds
- Investment Goal and Time Horizon: These factors can influence the fund category under review. Short-term liquidity, regular income, tax savings, and long-term wealth creation may require different fund types.
- Risk Profile: Each SBI Mutual Fund category carries a different risk profile. Equity funds can be more volatile, debt funds can face interest rate and credit risk, and hybrid funds combine equity and debt exposure.
- Scheme Performance and Benchmark: Past returns do not guarantee future performance. However, scheme performance can be compared with its benchmark and peer group across different market cycles.
- Expense Ratio and Exit Load: These factors affect final returns. These costs can vary across schemes and should be read along with the holding period.
- Portfolio Quality: Portfolio quality differs by fund type. Equity funds can be assessed through sector allocation, stock concentration, and market-cap exposure. Debt funds can be evaluated based on credit quality, maturity profile, and duration.
To Wrap It Up…
Exploring SBI Mutual Funds sheds light on a diverse range of investment options offered by one of India’s prominent financial institutions. The analysis emphasised the significance of aligning investment choices with individual financial goals, risk tolerance, and time horizon. By staying informed about fund categories, historical performance, and market trends, investors can make well-informed decisions tailored to their unique needs.
Looking for a Loan Against Mutual Funds (LAMF)? Explore LAMF on smallcase –
You can now apply for a loan against mutual funds (LAMF) on smallcase. Explore the quick and paperless process with the following articles about the eligibility criteria, documents required, features, benefits and more on LAMF at smallcase!
Frequently Asked Questions (FAQs) on SBI Mutual Funds
SBI Mutual Fund is an asset management company jointly owned by State Bank of India and Amundi, one of Europe’s largest asset managers. It offers schemes across equity, debt, and hybrid categories, while SBI mutual fund returns vary by scheme, category, and market conditions.
SBI offers mutual fund schemes across equity, debt, hybrid, tax-saving, and solution-oriented categories. Some investors also track options such as SBI Magnum Mutual Fund schemes when comparing categories and risk levels.
SBI Mutual Funds invest across equities, debt instruments, and money market instruments. Some schemes may focus on large-cap, mid-cap, sectoral, thematic, or fixed-income portfolios, depending on the fund objective.
The minimum investment amount varies by scheme. For lump-sum investments, the minimum is ₹1,000. For SIPs, it is ₹500 per instalment. Investors comparing schemes may also review the SBI mutual fund interest rate, returns, and risk metrics on smallcase.
ELSS investments offered by SBI have a mandatory 3-year lock-in period. These funds may provide tax deduction benefits of up to ₹1.5 lakh under applicable tax rules.
The best high-return SBI Mutual Fund list can vary depending on the selected time period and metric. Based on 5Y CAGR, the top 5 SBI funds as of 13th May 2026 include:
– SBI PSU Fund
– SBI Children’s Fund-Investment Plan
– SBI Gold
– SBI Contra Fund
– SBI Infrastructure Fund
Note: The data on this SBI mutual fund list was taken on 13th May, 2026 and is meant for educational purposes only.
The choice of an SBI mutual fund often depends on investment goal, time horizon, and risk level. Funds like SBI Large and Midcap Fund may be assessed based on category, cost, performance history, and portfolio composition.
SBI Mutual Fund is a SEBI-regulated fund house and one of India’s largest AMCs by AUM. However, mutual funds are market-linked products and do not guarantee fixed or risk-free returns. The risk level depends on scheme category, portfolio, asset allocation, and market conditions. Investors may also, where relevant, compare schemes such as SBI Life Midcap Fund before reviewing risk.
Disclaimer: This information is for educational purposes only and is not investment advice. Investors should read the scheme documents and consult a financial advisor before investing.
