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Investing in Mutual Funds is considered as one of the best options to generate wealth. Asset management companies launch various types of mutual funds depending on the needs, and risk appetite of their investors. Fund Houses like HDFC, Axis, Canara Robeco, ICICI, Aditya Birla etc. is managing various mutual funds. SBI or State Bank of India is also managing more than 50 mutual funds. In this post, we are going to discuss about best sbi mutual fund for 2022.
Best SBI Mutual Fund 2022
As we said earlier, fund houses structure their mutual funds depending on the needs, & risk appetite of their investor. This tells us that each mutual fund is not suitable for everyone. Hence, for each investors the ‘best sbi mutual fund’ may be different. For this, we have given a list of mutual funds run by SBI below. From there, you can easily pick the best sbi mutual fund for yourself.
Which SBI Mutual Fund is Best Fund
Here, we have listed the 8 Mutual Funds of SBI which have given more than 10% of average annual return (this is because while investing in mutual fund, minimum expected return should be 10%). Please note that, we have only taken those mutual funds whose expense ratio is below 1%. This is because investing in a mutual fund with more than 1% expense ratio will eat up your capital.
| Fund Name | Growth % in last 5 Years | Expense Ratio | AUM (in crore) | Min. Lumpsum/ SIP | Exit Load | Lock In Period | Turn Over (in %) |
| SBI Technology Opportunities Fund Direct Growth | 24.06% | 0.9% | 2416 | 5000/500 | 0.5% | NIL | 10.4 |
| SBI Small Cap Fund Direct Plan Growth | 17.22% | 0.76% | 11,831 | 5000/500 | 1% | NIL | 30.79 |
| SBI Focused Equity Fund Direct Plan Growth | 13.13% | 0.69% | 24,274 | 5000/500 | 1% | NIL | 30.94 |
| SBI Gold Fund Direct Plan Growth | 11.45% | 0.10% | 1167 | 5000/500 | 1% | NIL | 1.46 |
| SBI Equity Hybrid Fund Direct Growth | 10.82% | 0.84% | 50,266 | 5000/500 | 1% | NIL | 91.12 |
| SBI Nifty Index Fund Direct Growth | 10.57% | 0.18% | 2431 | 5000/500 | 0.2% | NIL | 51.01 |
| SBI Banking & Financial Services Direct Growth | 10.19% | 0.80% | 3237 | 5000/500 | 0.5% | NIL | 18.51 |
| SBI Flexicap Fund Direct Growth | 10.14% | 0.87% | 15,047 | 5000/500 | 0.1% | NIL | 47.08 |
Best SBI Mutual Fund for SIP 2022
From the above list ,you can easily pick the best sbi mutual fund for yourself. However, let us help you in this task.
In the above list, we can see that the highest return has been given by SBI Technology Opportunities Fund Direct Growth. This is a theme-based scheme. Theme based scheme is generally considered very risky. A few changes in the industry can easily erode your capital. Further, having good knowledge in the industry you are choosing makes it easy to track the progress of the fund. To summarize, if you have good knowledge of the Technology industry and have a high-risk appetite, you can go with SBI Technology Opportunities Fund Direct Growth. If you would have invested Rs. 10,000/month in this scheme for the last five years, the present value of that amount would have been Rs. 12.4 lakh.
Small cap funds are considered risky but these funds provide great returns. Hence, if you have a good risk appetite, you can go with SBI Small Cap Fund Direct Plan Growth. If you would have invested Rs. 10,000/month in this scheme for the last five years, the present value of that amount would have been Rs. 11.18 lakh.
The last case is for the investors who want to take moderate risk but a healthy amount of return. For this category of investors, index funds are the best option. SBI is running the SBI Nifty Index Fund Direct Growth plan. This fund has given a 10.57% average annual return in the last five years. If you would have invested Rs. 10,000/month in this scheme for the last five years, the present value of that amount would have been Rs. 8.85 lakh.
You can choose any of the above-mentioned mutual funds of sbi and start a SIP or deposit a lumpsum amount and let the money grow.
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