Most of the people think that mutual fund is complicated and threatening as well. Simple in words, money pooled by a group of people is known as mutual fund. The total amount of the fund is supervised by a professional fund manager. Mutual fund is a trustworthy investment scheme in which the total amount of money is collected from a large number of investors who are ready to invest with a small initial amount of Rs.500 and Rs.1000 through SEPs. And also, it helps you to gain better returns than bank. The investment which is collected from this superior investment options is shared equally amongst the investors after certain period of time. Here are the top sbi mutual fund and have a brief look at the following to know its benefits!!
What are the types of SBI mutual fund?
- SBI Blue Chip Fund!
From SBI team, it is one of the biggest and most popular investment schemes and maintain superb track. Within a short period of time, this scheme will help you to avail of higher returns with 8.71% under a lock-in-period of 3 years. If you go with the long-term options, you can increase the return rates with 11.94% and go ahead with the monthly investment process.
- SBI Hybrid Equity Fund:
When compared to others, it is one of the best investment schemes and so offers higher returns. After the completion of 1 year, the return options you will reap with 10.54% whereas you will get a chance to avail of 12.57% at the completion of 6 years. With a small sum of Rs.500 is enough to invest the scheme. it can be invested in the banks like HDFC, Kotak and a lot more.
- BI Magnum Equity ESG Fund:
It is the scheme in which you will find huge collections of assets and under the control of SBI staple. It is the lock-in-period with 3 years which is having 9.97% whereas 5 years lock-in-period has 11.28%. If you are the one who is looking for the best way to invest your savings, then consider this type of fund and sure you will get better returns. The fund has opened in many banks such as HDFC, ICICI and much more.
- SBI Contra Fund:
This is the fund and which sounds great and generate huge rate of returns with 7.74% in a lock-period of 5 years. This fund is diversified and so any of the investors can invest for the future purposes. When you are ready to open the fund, then you are free to access the banks such as ICICI bank with Rs.500 per month. If you are ready to invest more than what you have expected through this smart fund scheme. If you ready, you can go with Rs 5,000 amount. Thus SBI mutual fund offers different schemes and so you can choose the one which suits your budget. From the top sbi mutual fund, you are free to invest the one which you are looking for!
