SBI Mutual Fund

SBI Mutual Fund has been around for decades and is among the older mutual fund houses in India. It started operations in 1987. After receiving SEBI approval in 1993, SBI Funds Management Limited became the asset manager of SBI Mutual Fund. Today, State Bank of India and Amundi jointly own SBI Mutual Fund. The fund house offers a broad mix of active and passive schemes across equity, debt, hybrid, ETFs, index funds, fund of funds and other categories.

Data as of 31 August, 2026.

SBI MF follows a research-driven approach to investing. Its equity approach includes fundamental research and active portfolio management. They have a dedicated research setup that covers a wide range of sectors and companies.

Their investment team is divided into specialist areas. SBI Funds Management has separate CIO roles for equity and fixed income, along with dedicated teams for risk, operations, and other investment functions.

Another highlight is their focus on responsible investing. SBI Funds Management has integrated ESG (Environmental, Social and Governance) factors into its equity investment process since 2011. This approach was expanded to fixed income in 2022. Its framework looks at 50 ESG-related parameters while assessing companies.

SBI MF is also a major player in passive investing, if you prefer funds that track an index. Its passive portfolio covers ETFs, index funds, and fund-of-funds tracking market, factor, sector, thematic, and commodity indices.

SBI Mutual Fund offers a fairly wide range of mutual fund options. You can find actively managed equity, debt, and hybrid schemes along with ETFs, index funds, commodity funds, and fund-of-funds.

SBI MF doesn't only offer broad-market equity funds. Its passive range includes Nifty and Sensex funds, mid and small cap indices, sector funds, and commodity exposure through gold and silver. This gives you different ways to build a portfolio. However, having more choices can sometimes become confusing. You must shortlist the funds depending on your goals, risk level, and investment horizon.

A mutual fund does not work like a bank deposit. When you invest in SBI SIP plans, your money is pooled with that of other investors and invested in securities according to the scheme's objective.

SBI Funds Management Limited acts as the asset management company (AMC). It makes the investment decisions and manages the schemes. The securities of the schemes are held with custodians, while the trustee oversees the AMC. They check whether the fund is being managed according to the rules and scheme documents.

SBI Mutual Fund is registered with SEBI, and like other mutual funds, its schemes are subject to SEBI regulations and disclosure requirements. That said, regulation doesn't mean that the returns will be guaranteed. Mutual funds invest in market-linked assets, and their value can go up or down, depending on market conditions.

To help you understand the track record of SBI MF, we have shortlisted funds that have beaten the 3-year and 5-year category averages. You can take a look:

3-year returns vs category comparison

5-year returns vs category comparison

It is important to note that past performance may or may not continue. So treat historical returns as one part of your research rather than solely relying on it.

Not all top SBI mutual funds will necessarily suit your needs. To find the right one for you, keep in mind a few important things, such as:

• Your financial goals: Have a clear vision about what you're investing for. It could be a house, higher education, marriage, retirement, or simply long-term wealth creation.
• Your time horizon: If you have longer-term goals, equity funds may be more suitable. For shorter or more stable investment needs, you can prefer debt funds.
• Your risk-taking capacity: Don't choose a fund only because it has delivered high returns in the past. High return potential can also mean large ups and downs. Look at the holdings as well and know that the fund's risk level matches your risk tolerance.
• Understand the category: First decide whether you need an equity, debt, hybrid, index, or another type of fund. Then compare the available SBI MF schemes within that category.

You can invest in SBI mutual fund schemes with Millions in a few minutes. Download the Millions app from the Google Play Store or iOS App Store, create a free account, and complete your KYC. Once done, follow these simple steps:

• Swipe to the MF section on the app's dashboard.
• Type “SBI Mutual Funds” in the search bar.
• From all the SBI mutual fund schemes, select your choice.
• You can explore and analyse the fund's details, such as its performance, holdings, risk, and fund managers, to understand it better.
• Once you're ready, tap ‘One-time’ or ‘SIP’, based on how you'd like to invest.
• Enter the desired amount. For SIP, choose the frequency (monthly, weekly, or daily) and the debit date.
• Ensure all the details are correct and then click ‘Invest Now’.
• Authorise the payment by entering the OTP. That’s all!

Depending on the scheme, you can invest in SBI SIP plans starting from ₹500. You can always check the ‘Scheme Snapshot’ section to know the fund's exact minimum investment amount.

If you are planning a regular investment, the SIP Calculator tool can help you estimate how your investment may grow based on the SIP amount, investment period, and expected return. For better in-hand returns, you can choose a Direct Plan. Direct plans have a lower expense ratio. However, you should always compare the scheme, understand its risks, and invest an amount that fits your financial plan.