Best SBI Mutual Funds in India (2026)

SBI Mutual Fund is India’s largest mutual fund house by assets under management (AUM), managing around ₹12.7 lakh cr as of the December 2025 quarter, a clear lead position in the mutual fund industry with total AUM north of ₹80 lakh cr. SBI Mutual Fund offers a broad suite of schemes across equity, debt, hybrid and thematic categories, reflecting its scale and diversification in catering to varied investor needs.

List of Best SBI Mutual Funds in India (2025) 

Here are some of the top 10 mutual funds in SBI for 2025:

Note: The funds mentioned are taken from Tickertape Mutual Funds Screener on 1st February 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 Funds based on AUM

SBI Equity Hybrid Fund

SBI Equity Hybrid Fund is a hybrid mutual fund that invests in a combination of 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 marginally higher than 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 through exposure to 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 a maximum of 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 through exposure to 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 Macaulay duration between 3-6 months. The fund provides an alternative to traditional savings with relatively low risk and higher potential returns.

Key Information About SBI Funds Management Limited

Taxation on SBI Mutual Funds as per the 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.

How to Invest in SBI Mutual Funds?

You can easily invest in SBI mutual funds by following these steps:

1. To invest in SBI MF mutual funds, you can visit an equity investment platform such as smallcase or Tickertape.
2. 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.
3. 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!

Here are a few popular smallcases among new investors:

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 started on 29 June 1987 and became 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 best performing mutual funds in the market.

Types of Mutual Funds in SBI

1. 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. 
2. 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.
3. 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.
4. 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?

1. Pooling of Funds: Investors contribute to a specific mutual fund scheme. These contributions are consolidated into a more significant investment corpus.
2. 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. 
3. 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.
4. 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.
5. 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.
6. 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 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 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 SBI direct mutual 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 funds on the SBI mutual fund list 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 fund schemes 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