SBI Mutual Funds in India – Top SBI Fund Schemes in NSE (2025)
Did you know the State Bank of India Mutual Fund (SBIMF) is India’s largest bank-sponsored mutual fund? It has AUM (Assets Under Management) of ₹9.14 lakh cr. It was established in 1987 as a joint venture between the State Bank of India and Amundi Asset Management, a leading French asset management company.
SBIMF offers a wide range of mutual fund schemes across equity, debt, hybrid, and other categories, with a total of around 147 schemes. SBI Funds Management Ltd has consistently delivered high-performing mutual funds, helping investors build long-term wealth. In this article, let’s explore the best SBI bank mutual funds, how they work, who should invest, the benefits, the risks, and how to invest in SBI MF mutual fund schemes.
List of Best SBI Mutual Funds in India (2025)
Here are some of the top 10 SBI mutual funds in 2025:
| Name | Sub Category | AUM (Cr.) | Expense Ratio | CAGR 5Y (%) | CAGR 10Y (%) |
|---|---|---|---|---|---|
| SBI Comma Fund | Thematic Fund | 702.44 | 1.79 | 21.30 | 17.51 |
| SBI Contra Fund | Contra Fund | 46,653.99 | 0.66 | 30.67 | 17.27 |
| SBI Infrastructure Fund | Sectoral Fund - Infrastructure | 4,835.92 | 1.01 | 27.27 | 16.83 |
| SBI Large & Midcap Fund | Large & Mid Cap Fund | 33,248.12 | 0.75 | 25.05 | 16.13 |
| SBI Midcap Fund | Mid Cap Fund | 22,546.50 | 0.85 | 26.96 | 15.91 |
| SBI PSU Fund | Thematic Fund | 5,179.37 | 0.84 | 31.93 | 14.97 |
| SBI Gold | FoFs - Gold | 5,220.86 | 0.10 | 15.24 | 14.46 |
| SBI Flexicap Fund | Flexi Cap Fund | 22,010.84 | 0.85 | 19.49 | 14.36 |
| SBI Large Cap Fund | Large Cap Fund | 52,420.61 | 0.81 | 19.95 | 14.02 |
| SBI Healthcare Opp Fund | Sectoral Fund - Pharma & Health Care | 3,963.38 | 0.91 | 22.13 | 13.19 |
| SBI ESG Exclusionary Strategy Fund | Thematic Fund | 5,604.75 | 1.34 | 18.48 | 13.73 |
| SBI Conservative Hybrid Fund | Conservative Hybrid Fund | 9,760.98 | 1.05 | 10.93 | 9.33 |
| SBI Quant Fund | Thematic Fund | 3,602.04 | 0.76 | - | - |
| SBI Innovative Opportunities Fund | Thematic Fund | 7,237.14 | 0.64 | - | - |
Note: The funds mentioned are taken from Tickertape Mutual Funds Screener on 15th October 2025. They are sorted based on their 10-yr CAGR (highest to lowest) and belong to the Growth Plan.
🚀 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 Funds
SBI Equity Hybrid Fund
SBI Equity Hybrid Fund invests in a balanced mix of equities and debt instruments to deliver long-term growth with lower volatility. It suits investors seeking stable returns through diversification across asset classes.
SBI Liquid Fund
SBI Liquid Fund focuses on short-term debt and money market instruments, offering high liquidity and minimal risk. It’s ideal for parking surplus funds while earning steady short-term returns.
SBI Large Cap Fund
SBI Large Cap Fund invests in established large-cap companies with strong fundamentals and stable earnings. It aims for consistent long-term capital appreciation and suits investors seeking lower-risk equity exposure.
SBI Contra Fund
SBI Contra Fund follows a contrarian strategy by investing in undervalued stocks with turnaround potential. It targets long-term capital growth by identifying opportunities others may overlook.
SBI Arbitrage Opportunities Fund
SBI Arbitrage Opportunities Fund exploits price differences between cash and futures markets to generate low-risk returns. It offers liquidity and stability for conservative investors.
SBI Focused Fund
SBI Focused Fund invests in a concentrated portfolio of high-conviction stocks across sectors. It seeks long-term wealth creation through focused exposure to quality businesses.
SBI Balanced Advantage Fund
SBI Balanced Advantage Fund dynamically adjusts equity and debt allocations based on market conditions. It aims to balance growth and stability for investors seeking moderate risk.
SBI Savings Fund
SBI Savings Fund invests in short-duration debt and money market instruments, providing better yields than savings accounts while maintaining high liquidity and low risk.
SBI Small Cap Fund
SBI Small Cap Fund focuses on emerging small-cap companies with strong growth potential. It aims for high long-term returns, though it carries higher short-term volatility.
SBI Large & Midcap Fund
SBI Large & Midcap Fund invests in both large and mid-sized companies to balance stability with growth potential. It seeks long-term capital appreciation through diversified equity exposure.
Taxation on SBI Mutual Funds as per Union Budget for 2024-25
The Union Budget 2024–25 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.
| Fund Type / Holding Period | Tax Treatment / Rate | Notes / Conditions |
| Equity mutual funds (≤ 12 months) | 20% (STCG) | For redemptions on or after July 23, 2024 |
| Equity mutual funds (> 12 months) | 12.5% (LTCG) | Gains above ₹1.25 lakh per year are taxable |
| Non-equity / debt funds (for units purchased on/after April 1, 2023) | Taxed as per investor’s income tax slab (no indexation) | All gains treated as short term regardless of holding period |
| Non-equity / debt funds (for older units) – STCG | Taxed as per slab | For holding under specified period |
| Non-equity / debt funds (for older units) – LTCG | 20% with indexation | For eligible longer-term holdings (pre-budget rules) |
| Dividend / Income distribution (IDCW) | Taxed as “Income from Other Sources” at slab rate | Dividend is not tax-free; TDS may apply on dividends in excess of thresholds |
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
What are SBI Mutual Funds?
SBI Mutual Fund Trustee Company Pvt. Ltd. oversees the operations of SBI Bank Mutual Fund, which has been a significant player in India’s mutual fund landscape since its inception. The fund was established on 29th June 1987, and officially incorporated on February 7, 1992, making it India’s second mutual fund after the Unit Trust of India, which was founded in 1963. The fund operates under the sponsorship of the State Bank of India (SBI), one of the country’s largest and most trusted banking institutions.
In a strategic move in July 2004, SBI sold a 37% stake in SBI Bank Mutual Fund to Amundi, a prominent French asset management company. Crédit Agricole and Société Générale jointly created Amundi. People around the world recognise Amundi for its expertise in asset management. This partnership has been instrumental in enhancing the fund’s global reach and bringing international best practices to its operations, helping it become one of the best performing mutual funds in the market.
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 looking for stable 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 SBI mutual fund SIP investments.
- 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 invest in a broad array of securities to balance risk and reward, ensuring no single asset disproportionately affects the portfolio.
- NAV Monitoring: The NAV value of the SBI mutual fund scheme is calculated daily, reflecting the per-unit 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, mutual funds in SBI, including SBI hybrid mutual funds, maintain strict adherence to guidelines, ensuring clarity through regular portfolio disclosures.
Who Can Consider SBI Mutual Funds?
- 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 mutual funds in SBI.
Risks Involved While Investing in SBI Mutual Funds
- Market Volatility: Even the top SBI Mutual Funds are subject to market fluctuations. Changes in economic conditions, global events, or investor sentiment can impact returns, even for the best mutual fund in SBI. For example, geopolitical events can reduce fund performance.
- Past Performance Limitations: Historical performance is not always indicative of future results. Relying solely on past data may lead to misguided decisions while identifying top mutual funds
- Economic and Political Factors: Shifts in interest rates, inflation, or government policies directly affect fund performance.
- Liquidity Risk: Some funds may face liquidity challenges, especially during market stress. This can delay redemption requests or increase costs even for the best performing mutual funds.
Benefits of Investing in SBI Mutual Funds
- Proven Track Record: SBI large-cap mutual funds or SBI index funds have demonstrated consistent SBI mutual fund performance over the years. This proven history assures investors of the fund manager’s stability and reliability.
- Diverse Fund Options: With good mutual funds options ranging across equity, debt, hybrid, and tax-saving funds, SBI Mutual Fund plans to cater to various financial goals and risk appetites.
- Professional Fund Management: Every SBI Bank Mutual Fund manager is a seasoned professional who leverages rigorous research and strategic insights to optimise SBI mutual fund returns and manage risks effectively.
- Cost-Efficient Solutions: With competitive expense ratios, SBI Mutual Funds offer cost-effective investment options, enhancing net returns.
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 bank mutual fund for lump sum investments.
- Consult a Financial Advisor: A financial advisor can help identify the best investment plan in SBI 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 of 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.ance, credit, and investment management.
Factors to Consider Before Investing in SBI Mutual Funds
- Fund Objectives and Strategy: Align your financial goals with the fund’s strategy. For example, if you seek long-term wealth creation, focus on the best SBI bank mutual fund for long-term.
- Performance History: Analyse historical performance over various market conditions. Top-performing SBI mutual funds for beginners with consistent returns can offer insights into future reliability.
- Risk Profile: Match your risk tolerance with the fund’s profile. Equity funds in the SBI top 5 mutual funds category may offer higher returns but come with greater risk. Debt funds are better for low-risk investors.
- Expense Ratio: Lower expense ratios enhance net returns. Evaluate costs carefully, especially when choosing SBI funds, including SBI mid-cap mutual funds, for maximum efficiency.
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 offers a range of mutual fund schemes, including equity funds, debt funds, hybrid funds, tax-saving funds (ELSS), and solution-oriented funds. Each is designed to meet different risk appetites and financial goals.
SBI Mutual Funds invest in a diversified portfolio across various asset classes, including equities, debt instruments, and money market instruments.
The minimum investment amount varies by scheme. For lump sum investments in SBI mutual funds, it usually starts from ₹1,000, while for SIPs, the minimum is ₹500 per instalment. For example, the SBI Small Cap Fund allows SIPs starting at ₹500. Investors can check detailed minimum investment information for SBI mutual funds on smallcase.
ELSS investments offered by SBI have a mandatory 3-year lock-in period, during which investors can benefit from a tax deduction of up to ₹1.5 lakh.
Here is a list of the top 5 best performing SBI funds sorted according to their 5Y CAGR:
– SBI Magnum Children’s Benefit Fund-Investment Plan Direct Growth
– SBI PSU Fund
– SBI Contra Fund
– SBI Infrastructure Fund
– SBI LT Advantage Fund-IV
Note: The data on this list was taken on 15th October 2025 and is meant for educational purposes only.
