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SBI Mutual Fund

SBI mutual fund is a bank sponsored mutual fund and has a base of 3 million investors. SBI mutual fund is a result of joint venture between State bank of India and Societe Generale Asset Management of France. Thirty-two schemes have been launched since the inception of SBI mutual fund and out of these thirty-two, fifteen schemes have been successfully redeemed. As of the present scenario, the SBI mutual fund manages assets worth over Rs. 17000 crores.

==Some of the various mutual funds offered by SBI mutual fund are discussed below==

• '''SBI Arbitrage Opportunities Fund:''' Open-ended Equity Fund with growth and dividend option. With no entry load, the minimum investment required is Rs. 25000.
• '''SBI Magnum Balanced Fund:''' Open-ended Equity & Debt Fund with growth and dividend option. The minimum investment is Rs. 1000 but there is an entry load of 2.25% for investments below 5 crores.
• '''SBI Magnum Blue Chip Fund:''' Open-ended Equity Scheme along with dividend and growth option. The minimum required investment is Rs. 5000 and has an entry load of 2.25% for investments below 5 crores.
• '''SBI Magnum Children's Benefit Plan:''' Open-ended Income Scheme with a face value of Rs.10 and the minimum investment required is Rs. 1500. The entry load is 1.5%.
• '''SBI Magnum COMMA Fund:''' Open-ended Equity Scheme having a dividend and growth option. The minimum investment needed is Rs. 5000 and the entry load of 2.25% for investments below 5 crores is applicable.
• '''SBI Magnum Contra Fund:''' Open-ended Equity Scheme having a dividend and growth option. The minimum investment needed is Rs. 2000 and the entry load of 2.25% for investments below 5 crores is applicable.
• '''SBI Magnum Emerging Businesses Fund:''' Open-ended Equity Scheme having a dividend and growth option. The minimum investment needed is Rs. 2000 and the entry load of 2.25% for investments below 5 crores is applicable.
• '''SBI Magnum Equity Fund:''' Open-ended Diversified Equity Fundhaving a dividend and growth option. The minimum investment needed is Rs. 1000 and the entry load of 2.25% for investments below 5 crores is applicable.
• '''SBI Magnum FMCG Fund:''' Open-ended Equity Schemewith a face value of Rs.10. The minimum investment needed is Rs. 1000 and the entry load of 2.25% for investments below 5 crores is applicable.
• '''SBI Magnum Gilt Fund Long Term Plan:''' Open-ended Gilt Scheme with quarterly dividend option and growth option. As far as minimum investment is concerned, it is Rs. 25000/- and in multiples of Rs. 5000/- thereafter for the Growth option. Rs. 1,00,000/- and in multiples of Rs. 5000/- thereafter for dividend option.
• '''SBI Magnum Gilt Fund Short Term Plan:''' Open-ended Gilt Scheme with monthly dividend option and growth optionwith minimum investmentRs. 25000/- and in multiples of Rs. 5000/- thereafter for the Growth option. Rs. 1,00,000/- and in multiples of Rs. 5000/- thereafter for dividend option.
• '''SBI Magnum Global Fund:''' Open-ended Equity Scheme with Growth & Dividend Option with a minimum investment of Rs.2000and the entry load of 2.25% for investments below 5 crores is applicable.
• '''SBI Magnum Income Fund:''' Open-ended Debt Scheme with a face value of Rs. 10 and minimum investment of Rs. 2000 and no entry load.
• '''SBI Magnum Income Plus Fund Investment Plan:''' Open-ended Income Scheme with dividend and growth option and a minimum investment ofRs.25000 with zero entry load.
• '''SBI Magnum Income Plus Fund Saving Plan:''' Open-ended Income Scheme with dividend and growth option. The minimum investment required is Rs.25000 with zero entry load.
• '''SBI Magnum Index Fund:''' Open-ended Index Fundwith Growth & Dividend Option with a minimum investment of Rs.5000 and the entry load of 1.25% for investments below 50lakhs is applicable.
• '''SBI Magnum Insta Cash Fund:''' Open-ended Liquid Income Fund with daily dividend plan, dividend plan & cash plan. With a minimum investment of Rs. 10000, there is no entry load.
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There are various other mutual funds offered by SBI and they are:'''

• '''SBI Magnum InstaCash Fund - Liquid Floater Plan'''
• '''SBI Magnum Institutional Income Fund'''
• '''SBI Magnum IT Fund'''
• '''SBI Magnum Midcap Fund'''
• '''SBI Magnum Monthly Income Plan'''
• '''SBI Magnum Monthly Income Plan Floater'''
• '''SBI Magnum Multicap Fund'''
• '''SBI Magnum Multiplier Plus'''
• '''SBI Magnum NRI Investment Fund'''
• '''SBI Magnum NRI Investment Fund FlexiAsset Plan'''
• '''SBI Magnum Pharma Fund'''
• '''SBI Magnum Tax Gain Scheme 1993'''
• '''SBI Premier Liquid Fund'''
• '''SBI ONE India Fund (Close Ended)
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