Best SBI Mutual Funds to Invest in 2023

What are SBI mutual funds?

SBI is a joint venture of SBI, an Indian public sector banking company and Amundi, which is a European asset management company. The venture led to the creation of SBIFMPL, which stands for SBI Funds Management Private Limited. The company was started back in 1987 having its headquarter in Mumbai. The company releases a number of investment schemes for its customers or investors to invest in making them safe and huge returns as per their investment.

Investment is a tool for utilising your income efficiently. In the 21st century, investment is the need of every individual as well as household. The investment can be of any type be it in property, gold or mutual funds. Mutual funds have been lately gaining a lot of popularity in the Indian market. The investment in these funds have been growing significantly. But a major problem in this type of investment is the risk involved in it. With higher returns comes greater risk. In case of SBI funds the risk is slightly less than other funds as SBI is a government organisation which can be considered as a guarantee for safe investment.

If you too wish in the SBI mutual funds, then these are the best SBI mutual funds to look out for in 2023.

Click here to know about the types of mutual fund schemes in India.

Top SBI Mutual Funds 2023

SBI Dynamic allocation fund

These are kind of index funds which build a portfolio of which is a balance of equity, securities and fixed income. The fund is named Dynamic allocation because the balance between the different instruments of objects of investment is handled dynamically which makes it one of the best options for investment. The only issues with these funds is that there is no security that the objective of the investment will be met as per the target.

Below are given some of the statistical information about these funds:

  • Launch date: 26th March, 2015
  • Category: Hybrid-dynamic allocation
  • Risk: Moderate
  • AMC: SBI Funds management Private Limited
  • Min investment: Rs. 5000

Below is the chart given for the rate of interest periodically:

  • 1 month: 1%
  • 3 month: 3.9%
  • 6 month: 6.2%
  • 1 year: 25.1%
  • 3 year: 6.9%
  • 5 year: 8.35%
  • 10 year: –
  • Since 2015: 7.7%

This was brief about the SBI dynamic allocation fund. It is one of the most favourable options to invest in 2023.

SBI PSU fund

It is an open ended scheme i.e. there is no fixed time period for investment, you can invest your money for as long as you want and can take back whenever necessary. One of the best features of such funds is their liquidity. These funds are often recommended for long term investment in the capital. It’s a purchase of stock in the money market instruments issues by PSUs.

Below are given some of the statistical information about these funds:

  • Launch date: 7th July, 2010
  • Category: Equity Sectoral
  • Risk: High
  • AMC: SBI Funds management Private Limited
  • Min investment: Rs. 5000

Below is the chart given for the rate of interest periodically:

  • 1 month: 9.8%
  • 3 month: 19%
  • 6 month: 18.9%
  • 1 year: 19.7%
  • 3 year: 14%
  • 5 year: 3.8%
  • 10 year: –
  • Since 2015: 3.8%

These are the funds recommended for people who wish to take high risks in the chance of high returns, no doubt the returns in these funds are tempting but they do come at a high risk.

SBI Consumption Opportunities fund

These are also a form of equity funds where the investment is made directly in the stocks of some growth oriented companies. Just like the SBI PSU funds, these too involve a great level of risk with higher return rates. People with high trading knowledge, with surplus money or money to invest in with not high fear of loss usually tends to invest in such funds.

Below are given some of the statistical information about these funds:

  • Launch date: 2nd January, 2013
  • Category: Equity Sectoral
  • Risk: High
  • AMC: SBI Funds management Private Limited
  • Min investment: Rs. 5000

Below is the chart given for the rate of interest periodically:

  • 1 month: 1.1%
  • 3 month: 8.3%
  • 6 month: 13%
  • 1 year: 18.2%
  • 3 year: 20.7%
  • 5 year: 14.5%
  • 10 year: –
  • Since 2015: 15.7%

This was another SBI equity oriented fund that yielded higher return at greater risk.

SBI contra fund

Just like the SBI PSU funds and consumptions funds these too invest in equity of well performing economies in hope of higher returns.

Below are given some of the statistical information about these funds:

  • Launch date: 6th May, 2005
  • Category: Equity Contra
  • Risk: Moderately high
  • AMC: SBI Funds management Private Limited
  • Min investment: Rs. 5000

Below is the chart given for the rate of interest periodically:

  • 1 month: 4.1%
  • 3 month: 7.1%
  • 6 month: 14.8%
  • 1 year: 13.1%
  • 3 year: 30.3%
  • 5 year: 14.3%
  • 10 year: –
  • Since 2015: 16.3%

This was about the SBI Contra funds.

SBI small cap fund

This scheme is again a balanced approach scheme with a mixed portfolio of fixed income and higher returns on the investment. These funds generally invest in the small or mid scale industries giving a benefit of capital to them and taking fixed and higher returns from them.

Below are given some of the statistical information about these funds:

  • Launch date: 9th September, 2009
  • Category: Equity- small Cap
  • Risk: Moderately high
  • AMC: SBI Funds management Private Limited
  • Min investment: Rs. 5000

Below is the chart given for the rate of interest periodically:

  • 1 month: -0.4%
  • 3 month: 7.7%
  • 6 month: 14.7%
  • 1 year: 10.5%
  • 3 year: 29.2%
  • 5 year: 8.35%
  • 10 year: –
  • Since 2015: 20.4%

The risk in these types of funds is due to the uncertainty of growth in small or medium scale companies.

These were some of the best SBI mutual funds to invest in. You can consider these if you’re looking for a great fund to invest in.

Note: Funds of all kinds have a certain level of risk factor involved.

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Author: Mahak AroraHey, I am a content writer willing to research, learn and write about new topics. I write mostly about finance and tech.

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