SBI mutual fund is a trusted medium for investment. It is registered with SEBI (Securities and Exchange Board of India). It is a joint venture of State Bank of India and Amundi, which is a European asset management company. The article is all about to discuss on 5 best SBI mutual fund schemes.
How can you invest in SBI mutual funds?
Investing in SBI mutual fund is convenient enough. At first, you need to visit an online mutual fund website and choose the fund you want to invest in. Then you have to select the amount of money you want to spend every month on that fund.
After that, you will be asked for KYC formality which will not take much time. All the authenticated details related to your personal information are required to be provided here. You can only process with the payment once you are done with the KYC and submitting essential details.
What are the documents required for investing in SBI mutual funds?
The material you can provide for your identity proof
- Voter card
- Pan card
- Aadhaar card
- Passport
- Driving license
For residential address proof, you can submit any document that holds your address.
- Voter ID card
- Aadhaar card
- Driving license
The 5 best SBI mutual fund schemes are as follows:
- SBI Arbitrage Opportunities Fund (Hybrid: Arbitrage) – it has yielded a return of 6.06% in 1 year, 5.92 % in 3 years, 7.16% in 5 years and 7.14% in 10 years.
- SBI Banking & Financial Services Fund-Regular Plan (Equity Banking) – it has given a high return of 16.1% in 1 year and 18.74 % in 3 years.
- SBI Bluechip Fund (Equity large Cap) – it has provided a yield of 9.86% in 1 year,11.48 % in 3 years, 17.25% in 5 years, and 11.33% in 10 years.
- SBI Consumption Opportunities Fund (Equity FMCG) – it has yielded a good return of 28.26% in 1 year,19.43% in 3 years, 17.68% in 5 years and 22.03% in 10 years.
- SBI Dynamic Asset Allocation Fund (Hybrid Asset Allocation Fund) – it has given a return of 10.36% in 1 year and 9.58% in 3 years.
There is a highly efficient and experienced risk management team that handles these investments. Therefore these 5 best SBI mutual fund schemes are quite a safe option to invest in. Source
You should check nicely which fund shall give you the maximum profit and invest accordingly. The interests in banks are continually decreasing. So, people are in search of better investment options.
A mutual fund can owe you high returns if appropriately chosen. Grab the hand of a reputed financial manager to witness the best performance with mutual funds.
Hi, I’m a Financial Operations Specialist, having an experience of over 12+ years. I have worked with a major financial institution like Goldman Sachs, in their investment management division. During my term with Goldman, I’ve worked on derivatives, hedge funds, futures, etc. I also have experience in manufacturing industries in Credit Risk Analysis and Approval to the clients for prospective businesses with the parent company. I’ve got a financial degree from Vinoba Bhave University.
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