Formed under the Trust Act of 1882, SBI Funds Management Ltd (SBIFML) holds the distinction of being India’s oldest public sector fund house. SBI Mutual Fund is a joint venture between the State Bank of India and Amundi, which is a French asset management company.
Registered with the Securities and Exchange Board of India (SEBI), the firm is renowned as the 1st mutual fund player in the Indian industry to launch Contra and ESG (Environmental, social, and governance) Fund. With assets managed over Rs. 886,151.89 crore as of 31 December 2023, this leading Indian AMC has surpassed Aditya Birla and HDFC Mutual Funds to become the 3rd largest mutual fund body by AUM (Assets under Management).
SBI Mutual Fund
June, 1987
SBI Mutual Fund Trustee Company Private Limited
After you have understood how SBI Mutual Funds are, it is time for you to start your investment process with INDmoney. Below are some simple steps to follow to start your mutual fund's investment journey with us.
Step 1:
Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).
Step 2:
Once your Free investment account is ready, you can either search for a SBI mutual fund or go to the mutual fund section.
Step 3:
Choose any SBI Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUM, Expense ratios and underlying stocks and sectors.
Step 4:
You can choose to set up SIP in any SBI Mutual Funds or even invest as lumpsum. Once you are on the individual SBI mutual Fund page SBI from the bottom “One-time” for lump sum investment or “SIP” for systematic investment plan.
Step 5:
Choose the amount that you want to invest as SIP or Lumpsum.
Step 6:
Set up payments. If you choose to set up SIP in any SBI mutual funds, you can do a free automatic pay set up via bank mandate or UPI. If you choose to invest in lumpsum (one-time) then you can pay via UPI, net banking, NEFT or RTGS.
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Yes, you can redeem your mutual fund units offered by SBI Funds Management Limited offline by visiting the nearest fund house and submitting a request form.
A team of skilled fund managers actively manages these funds. These managers use their expertise, research, and awareness of market trends to make investment decisions, aiming to deliver returns in line with the scheme’s objectives.
The SBI Mutual Fund allows its investors to be able to pause their SIPs for a maximum tenure of 3 months. In case if you have directly invested in the funds, you need to also fill out the SIP pause form online on the host website and also specify the intended time- period you wish to pause your SIPs. On the expiry of the time period, the SIP shall continue automatically
SBI Mutual Fund Trustee Company Private Limited is the trustee of SBI Funds Management Limited.
Yes, you need to open a demat account or link your existing one for investing in SBI Mutual Funds with INDmoney.
When it comes to investment in SBI Mutual Funds, there is no upper cap on the amount you can invest in a month. However, the minimum amount to invest is Rs. 500 per month.
To invest in an SBI mutual fund, you have to submit identity and address proof documents along with your PAN card.
You can directly withdraw the amount invested in any scheme of SBI Investment Managers (India) Private Limited through the INDmoney app by visiting the scheme's page and clicking on the Redeem button. After submitting the request, the amount will be credited to your bank account within a few days. If you prefer the offline mode, you would have to visit the nearest branch and submit the redemption form. You can also redeem your investment by going to the official website of the SBI Investment Managers (India) Private Limited Limited and signing in with the folio number.
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