SBI Mutual Fund: How to Invest In SBI Mutual Fund Online or Offline?

SBI Mutual Fund or State Bank Of India mutual fund is a part of the mutual fund investment program, where we can invest our money. It is a fund house sponsored by a Bank which corporate headquarter is situated in Mumbai, Maharashtra, India. This mutual fund is a cooperative deal between the Indian Multinational Company, State Bank Of India and Amundi, which is a European asset management company and some Public Sector Banking and Financial Services Companies. (Note: If you didn’t know about mutual funds, then read this article on Wikipedia).

SBI Mutual Fund Helpful Guide
SBI Mutual Fund

How to Invest in SBI Mutual Fund or How to Open SBI Mutual Fund Online or Offline?

You can open an SBI Mutual Fund account in two different ways by online or offline.

The method of opening an account online is more suitable or profitable because there is no hidden commission of an agent. The process of opening account is easy in both the ways as there is no any rocket science behind it. You just have to follow the instructions given on the paper/website.

However, in the offline method, the agent will take care of all the formalities and you just have to pay the check and sign the desired papers. As the agent will get the commission of opening the fund he or she will take care of all the hard works.

Here I will share, how you can invest in SBI Mutual Fund or how you can open SBI Mutual Fund online or offline.

First I will share the online method then the offline method.

How to invest in SBI Mutual Fund Online?

The best way to open an account is online, either through the official website or through the official mobile application (InvesTap). I will discuss both the steps here –

Invest Through Website

  1. First, go to the official website of SBI Mutual Fund https://www.sbimf.com/en-us.
  2. Then click the Invest Now option or go this link directly.
  3. Here you have two option, either you can Invest Without Login or you can fill the form and register. 


How to invest in SBI Mutual Fund?

4. For direct investment just enter the PAN CARD number, click the box of Terms and Conditions and finally click Invest.

How to invest in SBI Mutual Fund Online Direct
How to invest in SBI Mutual Fund Online Direct?

5. For registering just click the New User and fill the form as follows.

How to invest in SBI Mutual Fund Online
How to invest in SBI Mutual Fund Online?

6. After filling the form, kindly click the Register Button

7. There is also another way to sign up. Just use the social accounts to sign, like with Facebook, Twitter and Google Plus.

How to invest in SBI Mutual Fund Online Using Social Accounts
How to invest in SBI Mutual Fund Online Using Social Accounts?

Invest Through APP (Investap)

  1. First, download the SBI official application Investap from the Play Store or Appstore.
  2. Then open the app and you will notice the following options as in the image.

3. Now you have different options on the screen and for registration choose New User.

4. Or you can directly invest with your PAN Card, select Invest Now.

5. After registration, you can login in on the app.

6. You can login with your User ID and Password or you can login with anyone of the Social Media Accounts.

7. Here also you can get all the NAV details and you can select any Scheme from the list.

SBI Mutual Fund Latest NAV Details Investap
SBI Mutual Fund Latest Schemes Details Investap

How to invest in SBI Mutual Fund Offline?

The method of offline investment is little different from the online method. Here I will discuss some of the steps to open an account offline. The method is easy but you have to hire someone to invest it.

The steps are as follows –

  1. First, you have to contact either an agent/representative or an empanelled distributor of the SBI Mutual Fund to invest it.
  2. Collect the application form and also the KYC form from the agent/empanelled distributor or from any SBI Mutual Fund office or you can download it from the website.
  3. After collecting the Application and KYC form, filled the forms as directed and provide all the necessary information such as Address, PAN Number, Mobile Number, Name, E-Mail etc. The mobile number and E-mail address are required because it will be further used for communication purposes and also can be used to register for the online transaction services.
  4. After completion of the form, attach all the copies of relevant documents such as Address proof, ID proof, PAN card, etc. And also submit a demand draft or a cheque of the desired investment amount along with the documents.
  5. Then submit the duly signed form and the KYC along with the desired documents and cheque to the agent or to the empanelled distributor or any SBI Mutual Fund office.
  6. After submission of the form and documents, SBI Mutual Fund will then allocate and provide you with a folio number for that particular investment. And after the transaction is processed, you will also receive an Account Statement of the amount invested.
  7. Thus, your mutual fund account is finally created.

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SBI Mutual Fund Schemes

There are nearly 50 (fifty) schemes available to invest in the SBI Mutual Fund. The schemes risks vary from low to high. Some are low, some are moderately low, some are moderate and some are high. You can choose any scheme according to your need or you can check the average return rate.

Here I will divide the schemes or the funds according to the risk factor.

Low Risk

  1. SBI Liquid Fund – This fund has a low-risk factor. It has a return rate of nearly 07.65% since its inception from 24th November 2003. SBI Liquid Fund is an open-ended scheme which invests in across all the ranges of Debt and Money Market Securities. It also has a residual maturity of 91 days only. You can see the detailed performance here.
  2. SBI Magnum Ultra Short Duration Fund – This fund also has a low-risk factor. It has a return rate of nearly 07.39% since its inception from 21st May 1999. SBI Magnum Ultra Short Duration Fund is an open-ended ultra short term scheme which invests in a portfolio which have Macaulay duration between 3 to 6 months. You can see the detailed performance here.
  3. SBI Overnight Fund – This fund also has a low-risk factor. It has a return rate of nearly 07.03% since its inception from 1st October 2002. SBI Overnight Fund is an open-ended Debt Scheme which predominantly invests in Overnight Securities. You can see the detailed performance here.

Moderately Low Risk

  1. SBI Magnum Low Duration Fund – This fund has a Moderately Low-risk factor. It has a return rate of nearly 07.82% since its inception from 27th July 2007. SBI Magnum Low Duration Fund is an open-ended low duration Debt Scheme which invests in a portfolio which have Macaulay duration between 6 to 12 months. You can see the detailed performance here.
  2. SBI Savings Fund – This fund has a Moderately Low-risk factor. It has a return rate of nearly 07.47% since its inception from 19th August 2004. SBI Savings Fund is an open-ended scheme which invests in Money Market Instruments. You can see the detailed performance here.
  3. SBI Arbitrage Opportunities Fund – This fund has a Moderately Low-risk factor. It has a return rate of nearly 07.34% since its inception from 3rd November 2006. SBI Arbitrage Opportunities Fund is an open-ended scheme which invests in Arbitrage Opportunities. You can see the detailed performance here.
  4. SBI Short Term Debt Fund – This fund has a Moderately Low-risk factor. It has a return rate of nearly 06.64% since its inception from 27th July 2007. SBI Short Term Debt Fund is an open-ended short term Debt Scheme which invests in a portfolio which have Macaulay duration between 01 to 03 years. You can see the detailed performance here.
  5. SBI Debt Fund Series C – 15 (91 Days) – This fund has a Moderately Low-risk factor. It has a return rate of nearly 04.77% since its inception from 24th May 2018. SBI Debt Fund Series C – 15 (91 Days) is an open-ended new fund so, its investment scheme is not listed. There is no detailed performance available.

Moderate Risk

  1. SBI Credit Risk Fund – This fund has a Moderate risk factor. It has a return rate of nearly 08.66% since its inception from 17th July 2014. SBI Credit Risk Fund is an open-ended Debt Scheme which predominantly invests in below rated corporate bonds and also in AA. But it does not invest in AA+ rated corporate bonds. You can check the detailed performance here.
  2. SBI Magnum Gilt Fund – This fund has a Moderate risk factor. It has a return rate of nearly 07.99% since its inception from 31st December 2000. SBI Magnum Gilt Fund is an open-ended fund which predominantly invests in Government Securities. It may be State Government or Central Government Securities. You can check the detailed performance here.
  3. SBI Magnum Constant Maturity Fund – This fund has a Moderate risk factor. It has a return rate of nearly 07.98% since its inception from 31st December 2000. SBI Magnum Constant Maturity Fund is an open-ended fund which predominantly invests in Government Securities which has a constant maturity of 10 years. You can check the detailed performance here.
  4. SBI Banking and PSU Fund – This fund has a Moderate risk factor. It has a return rate of nearly 07.98% since its inception from 9th October 2009. SBI Banking and PSU Fund is an open-ended Debt Scheme which predominantly invests in debt instruments of Public Financial Institutions, Banks, Municipal Bodies, and Public Sector Undertakings. You can check the detailed performance here.
  5. SBI Magnum Medium Duration Fund – This fund has a Moderate risk factor. It has a return rate of nearly 07.87% since its inception from 12th November 2003. SBI Magnum Medium Duration Fund is an open-ended medium term Debt Scheme which invests in a portfolio which have Macaulay duration between 03 and 04 years. You can check the detailed performance here.
  6. SBI Debt Hybrid Fund – This fund has a Moderate risk factor. It has a return rate of nearly 07.83% since its inception from 9th April 2001. SBI Debt Hybrid Fund is an open-ended Hybrid Scheme which predominantly invests in the Debt Instruments. You can check the detailed performance here.
  7. SBI Magnum Income Fund – This fund has a Moderate risk factor. It has a return rate of nearly 07.60% since its inception from 25th November 1998. SBI Magnum Income Fund is an open-ended medium to long term Debt Scheme which invests in a portfolio which have Macaulay duration between 04 to 07 years. You can check the detailed performance here.
  8. SBI – ETF 10 Year Gilt – This fund has a Moderate risk factor. It has a return rate of nearly 06.32% since its inception from 2nd June 2016. SBI – ETF 10 Year Gilt is an open-ended scheme which trades in exchanges. You can check the detailed performance here.
  9. SBI Dynamic Bond Fund – This fund has a Moderate risk factor. It has a return rate of nearly 05.53% since its inception from 9th February 2004. SBI Dynamic Bond Fund is an open-ended Dynamic Debt Scheme which invests across duration (means it invests across high-quality debt securities). You can check the detailed performance here.
  10. SBI Corporate Bond Fund – This fund has a Moderate risk factor. It has a return rate of nearly NA since its inception from 16th January 2019. SBI Corporate Bond Fund has no investment record as it is a completely new fund.

Moderately High Risk

  1. SBI Equity Hybrid Fund – This fund has a moderately high risk. It has a return rate of nearly 15.66% since its inception from 31st December 1995. SBI equity hybrid fund is an open-ended Hybrid Scheme which predominantly invests in equity and equity related instruments. You can see the detailed performance here.
  2. SBI Magnum Midcap Fund – This fund also has a moderately high risk. It has a return rate of nearly 15.30% since its inception from 29th March 2005. SBI Magnum Midcap Fund is an open-ended Equity Scheme which predominantly invests in Mid-Cap stocks. You can see the detailed performance here.
  3. SBI Magnum Multicap Fund – This fund also has a moderately high risk. It has a return rate of nearly 12.20% since its inception from 29th September 2005. SBI Magnum Multicap Fund is an open-ended Equity Scheme which predominantly invests across the Large Cap, Mid Cap, Small Cap stocks. You can see the detailed performance here.
  4. SBI Bluechip Fund – This fund also has a moderately high risk. It has a return rate of nearly 10.74% since its inception from 14th February 2006. SBI Bluechip Fund is an open-ended Equity Scheme which predominantly invests in Large-Cap stocks. You can see the detailed performance here.
  5. SBI Large & Midcap Fund – This fund also has a moderately high risk. It has a return rate of nearly 14.34% since its inception from 28th February 1993. SBI Large and Midcap Fund is an open-ended Equity Scheme which predominantly invests in both Large cap and Midcap stocks. You can see the detailed performance here.
  6. SBI Magnum Taxgain Scheme – This fund also has a moderately high risk. It has a return rate of nearly 15.68% since its inception from 31st March 1993. SBI Magnum Taxgain Scheme is open-ended equity Linked Saving Scheme which has a statutory lock-in-period of 3 years. Also, this scheme helps a lot in tax saving. You can see the detailed performance here.
  7. SBI Contra Fund – This fund also has a moderately high risk. It has a return rate of nearly 18.30% since its inception from 14th July 1999. SBI Contra Fund is an open-ended equity scheme which invests in equity and equity-related securities. It follows a contrarian investment strategy. You can see the detailed performance here.
  8. SBI Nifty Index Fund – This fund also has a moderately high risk. It has a return rate of nearly 14.05% since its inception from 17th January 2002. SBI Nifty Index Fund is open-ended equity scheme which invests in the stocks comprises of Nifty 50 index funds. You can see the detailed performance here.
  9. SBI Magnum Children’s Benefit Fund – This fund also has a moderately high risk. It has a return rate of nearly 10.62% since its inception from 21st February 2002. SBI Magnum Children’s Benefit Fund is an open-ended fund which invests for children for their future. It has a lock-in period for at least 5 years or whenever the child attains its majority age. You can see the detailed performance here.
  10. SBI Focused Equity Fund – This fund also has a moderately high risk. It has a return rate of nearly 19.79% since its inception from 11th October 2004. SBI Focused Equity Fund is an open-ended Equity Scheme which invests across the Multicap Space with a maximum limitation of 30 stocks. You can see the detailed performance here.
  11. SBI Multi Asset Allocation Fund – This fund also has a moderately high risk. It has a return rate of nearly 07.61% since its inception from 21st December 2005. SBI Multi Asset Allocation Fund is an open-ended scheme which predominantly invests in Debt, Gold, Equity or any Gold-related investments. You can see the detailed performance here.
  12. SBI – ETF GOLD – This fund also has a moderately high risk. It has a return rate of nearly 07.03% since its inception from 17th September 2010. SBI – ETF GOLD fund is an open-ended scheme which predominantly trades in Gold Exchange Schemes. You can see the detailed performance here.
  13. SBI Gold Fund – This fund also has a moderately high risk. It has a return rate of nearly –0.04% since its inception from 12th September 2011. SBI Gold Fund is a fund scheme which predominantly invests in SBI – ETF GOLD Schemes. You can see the detailed performance here.
  14. SBI – ETF Sensex – This fund also has a moderately high risk. It has a return rate of nearly 12.79% since its inception from 09th February 2013. SBI – ETF Sensex is a scheme which trades in exchanges. You can see the detailed performance here.
  15. SBI Small Cap Fund – This fund also has a moderately high risk. It has a return rate of nearly 12.79% since its inception from 09th February 2013. SBI Small Cap Fund is a scheme which trades in exchanges. You can see the detailed performance here.
  16. SBI – ETF Nifty Next 50 – This fund also has a moderately high risk. It has a return rate of nearly 18.96% since its inception from 09th September 2009. SBI – ETF Nifty Next 50 is an open-ended equity scheme which predominantly invests in the Small Cap Stocks. You can see the detailed performance here.
  17. SBI – ETF BSE 100 – This fund also has a moderately high risk. It has a return rate of nearly 08.19% since its inception from 2nd March 2015. SBI – ETF BSE 100 is an open-ended equity scheme which trades in exchanges. You can see the detailed performance here.
  18. SBI Dynamic Asset Allocation Fund – This fund also has a moderately high risk. It has a return rate of nearly 07.42% since its inception from 26th March 2015. SBI Dynamic Asset Allocation Fund is an open-ended Dynamic Asset Allocation Fund which has a portfolio mixture of Equity and Fixed Income Investments. You can see the detailed performance here.
  19. SBI Equity Savings Fund – This fund also has a moderately high risk. It has a return rate of nearly 06.40% since its inception from 11th May 2015. SBI Equity Savings Fund is an open-ended scheme which predominantly invests in Arbitrage, Debt and Equity. You can see the detailed performance here.
  20. SBI – ETF Nifty 50 – This fund also has a moderately high risk. It has a return rate of nearly 08.21% since its inception from 17th July 2015. SBI – ETF Nifty 50 is an open-ended scheme which trades in exchanges. You can see the detailed performance here.
  21. SBI – ETF Sensex Next 50 – This fund also has a moderately high risk. It has a return rate of nearly 01.36% since its inception from 3rd October 2018. SBI – ETF Sensex Next 50 is a new fund so, its investment scheme is not listed. You can see the detailed performance here.

High Risk

  1. SBI Consumption Opportunities Fund – This fund also has a moderately high risk. It has a return rate of nearly 15.23% since its inception from 14th July 1999. SBI Consumption Opportunities Fund is an open-ended equity scheme which invests in Equities and its related securities in Consumption Space. You can check the detailed performance here.
  2. SBI Healthcare Opportunities Fund – This fund also has a moderately high risk. It has a return rate of nearly 15.07% since its inception from 14th July 1999. SBI Healthcare Opportunities Fund is an open-ended equity scheme which predominantly invests in the Healthcare Sector. You can check the detailed performance here.
  3. SBI Magnum Global Fund – This fund also has a moderately high risk. It has a return rate of nearly 14.41% since its inception from 30th September 1994. SBI Magnum Global Fund is an open-ended Equity Scheme which invests in companies which follows the Multinational Companies (MNC) Theme. You can check the detailed performance here.
  4. SBI Magnum Equity ESG Fund – This fund also has a moderately high risk. It has a return rate of nearly 14.34% since its inception from 1st January 1991. SBI Magnum Equity ESG Fund is an open-ended Equity Scheme which invests in companies which follows the Education Guarantee Scheme (EGS) Theme. You can check the detailed performance here.
  5. SBI Banking & Financial Services Fund – This fund also has a moderately high risk. It has a return rate of nearly 14.20% since its inception from 26th February 2015. SBI Banking & Financial Services Fund is an open-ended Equity Scheme which predominantly invests in the Banking and Financial Sector. You can check the detailed performance here.
  6. SBI Technology Opportunities Fund – This fund also has a moderately high risk. It has a return rate of nearly 13.24% since its inception from 14th July 1999. SBI Technology Opportunities Fund is an open-ended Equity Scheme which predominantly invests in the Technology and its Related Sectors. You can check the detailed performance here.
  7. SBI – ETF Nifty Bank – This fund also has a moderately high risk. It has a return rate of nearly 11.14% since its inception from 2nd March 2015. SBI Technology Opportunities Fund is an open-ended scheme which trades in exchanges. You can check the detailed performance here.
  8. SBI Magnum Comma Fund – This fund also has a moderately high risk. It has a return rate of nearly 09.60% since its inception from 8th August 2005. SBI Magnum Comma Fund is an open-ended Equity Scheme which predominantly invests in Commodities and its related Sectors. You can check the detailed performance here.
  9. SBI – ETF Quality – This fund also has a moderately high risk. It has a return rate of nearly 03.43% since its inception from 17th December 2018. SBI – ETF Quality is a new fund so it does not have any proper records. There is no detailed performance available until now.
  10. SBI Infrastructure Fund – This fund also has a moderately high risk. It has a return rate of nearly 03.13% since its inception from 6th July 2007. SBI Infrastructure Fund is an open-ended Equity Scheme which predominantly invests in Infrastructure and its related Sectors. You can check the detailed performance here.
  11. SBI PSU Fund – This fund also has a moderately high risk. It has a return rate of nearly –0.2% since its inception from 7th July 2010. SBI PSU Fund is an open-ended Equity Scheme which predominantly invests in PSU or its Subsidiaries. You can check the detailed performance here.

FAQ

  1. Is There Any Risk to Invest in SBI Mutual Fund?
    • Yes, there is a risk in investing in mutual funds but the risk is comparatively lower than the Equity (Direct investments of shares). If you invest for a long term like for 10 or more years then the risk becomes almost zero.
  2. How to Withdraw money from SBI Mutual Fund?
    • You can withdraw or redeem money from SBI Mutual Fund by logging into the account and click Redeem.
  3. How to Check SBI Mutual Fund Statement?
    • For checking or reading the Statement of SBI Mutual Fund just log in to your account and check it. You can visit our detailed post on How to check SBI Mutual Fund Statement? to know more about it.
  4. How to Check SBI Mutual Fund Current Value?
  5. What are the Interest Rates of SBI Mutual Fund?
    • The interest rates of SBI Mutual Fund differs from investment to investment. Some Schemes has higher interest rates whether some has lower interest rates. You can check the schemes written above according to their risk factor.
  6. What is the Toll-Free Number of SBI Mutual Fund?

Conclusion

Hope you have liked the complete article about the SBI Mutual Fund. How to invest in SBI Mutual Fund Online and Offline? What are the schemes available? And also some FAQ related to them.

If you still have any doubts then feel free to leave a comment below and if you have like the article then please share it. Thank You!

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