SBI Mutual Fund: An Ultimate Way to Make You Wealthy
Introduction
Did you know investing is more than just a financial decision; it is a step toward securing your future? SBI Mutual Fund was established in 1987 by the largest public sector bank in India, the State Bank of India. Over the years, this AMC has empowered millions of investors with opportunities to grow their wealth. Whether you are a beginner or a professional investor this fund has something to offer everyone.
This article explores various benefits, the best SBI mutual fund, investment strategies and many other things.
What is SBI Mutual Fund?
This asset management company is one of the largest and most trusted funds in the country. It is a joint venture between the State Bank of India (SBI) and AMUNDI, a French AMC. It was set up on 29 June 1987 and since then it has been the most trusted and reliable mutual fund provider in the country. It is one of the oldest fund companies in India. It has a long and successful track record in the Indian Financial market. This fund offers a wide range of fund schemes such as equity funds, debt funds, hybrid funds and ETFs. This provides investors to choose funds with their choice and match their financial goals.
After understanding the about this fund lets see what are its investment strategies.
What is the Investment Philosophy of SBI Mutual Fund?
SBI Mutual Funds investment strategy includes the creation of long term value for their investors using a disciplined approach that is well-researched. The fund house has a strong emphasis on portfolio construction, thorough fundamental analysis and active risk management. Different funds pursue different strategies based on the scope of their goals and asset allocation. Such strategies are:
1.Value Investing
This fund finds companies that are fundamentally strong and possess good growth potential but are currently trading at a discounted valuation.
2. Growth Investing
Buying a company with fantastic growth expectations, even if its stock price is not justified at the moment.
3. Blend Investing
Utilizing both elements of traditional value investing and growth investing.
4. Top Down / Bottom Up
Studying macroeconomic factors and industry as well as specific company fundamentals.
How can SBI mutual funds be beneficial for you?
The following points show the merits of this AMC for you:
1. Different Ways to Invest Money
This AMC has different types of mutual funds to suit different investors like high risk, moderate risk and low risk.
2. Well Managed Fund
This mutual fund employs experienced fund managers who make calculated investments to maximize profits and manage funds.
3. Easy to Invest
Investment can be made via several other channels too, such as online websites, mobile applications and banks.
4. Benefits of Systematic Investment Plans
Beginners as well as experienced investors can make small investments in wealth-generating SIPs regularly under sbi mutual fund calculators so that it will be easy to monitor the investment.
Top 3 SBI Mutual Funds
Here are 3 best-performing mutual funds of SBI AMC to begin your SIP:
1. SBI PSU Fund
This fund was launched on July 7, 2010. Since then it has been reliable and trustworthy to investors. This company has total assets of Rs. 4,542.83 Cr.
2. SBI Contra Fund
It is a Contra fund offered by SBI. It was established on July 14, 1999. This fund has total assets of Rs. 41,634 Cr. The smallest investment you can make in this fund is Rs. 5000.
3. SBI long term Equity Fund
This fund offers a lock-in for three years and offers to save tax also. This fund was launched on March 31, 1993. The total assets of this fund are Rs.27,305.51 Cr.
These are the Top best SBI mutual funds you can consider investing.
Why should you invest in an SBI mutual fund?
Investing in this mutual fund offers many advantages like
1. Strong Parentage and Trust
Being backed by SBI, India’s most trusted public sector bank, gives SBI Mutual Fund a high degree of credibility and reliability.
2. Diversification
The fund invests in diverse sectors and companies to divide the risk and increase profit. This process minimizes the poor impact of a single sector or a company.
3. Shorter lock-in Period
The best thing to invest in this fund is the shorter lock-in period because the three lock-in period provided by one of its schemes makes it much shorter to save tax as compared to PPF which has 15 years and FD which is 6-7 years. This provides investors with high liquidity and more flexibility.
4. Dual advantage
The rare combination of tax saving and wealth creation made by ELSS mutual fund makes it more likable to the investor and it is suitable for the investor who is looking to achieve both financial goals.
Lets find out how you can find the best sbi mutual fund.
How to invest in an SBI Mutual Fund?
Investing In the right way is very important so let us see how you can invest:
1. SBI Mutual Fund Website
An investor can easily invest their fund from the official website or their mobile application. They have easy navigation and are user-friendly or you can invest they also provide a SBI mutual fund calculator so that you can calculate your estimated return.
2. Online Platform
There are so many popular third-party platforms from which the investor can invest their funds. You can also start SIP from the platforms so and increase your investment gradually. The investor just has to complete their KYC (know your customer) and verifications using their PAN and Aadhar card only then can they start investing from the applications.
3. Through a Financial Adviser
Consulting a financial adviser can help you to align your overall investment and financial goals this makes this make the work easy for the investor to handle the portfolio.
After knowing all the facts about this AMC, let’s conclude.
Conclusion
In short, this asset management company is one of the biggest and largest funds in the country. With a strong foundation backed by the State Bank of India, it provides various risk appetite and financial goals to the investors. With a different range of schemes, and strong fund management this fund become a reliable investment option for investors looking to grow their money. You can start SIP in every scheme offered by this fund so that you can invest periodically. Hence, this fund is the ultimate way to make you wealthy.
