The latest data from the Association of Mutual Funds in India (AMFI) highlights the rapid growth of the mutual fund industry, with a significant portion of new investments directed towards equity-based schemes. As of September 2024, about 87% of individual investors have preferred equity-linked schemes, marking an increase in the industry’s equity-focused assets from 54.1% in September 2023 to 61% in September 2024.
Here, we explore the top five SBI mutual fund equity schemes that have provided the best returns over the past 10 years, based on recent data.
1. SBI Small Cap Fund
- NAV: ₹203.88
- Fund Size: ₹34,217 crore (as of September 30, 2024)
- Expense Ratio: 0.66%
- 10-Year Return: 23.50%
- 10-Year SIP Return: 23.68%
- SIP Growth: A monthly SIP of ₹10,000 would have grown to ₹42.85 lakh
The SBI Small Cap Fund stands out with the highest return among the top funds, ideal for investors with a long-term focus on small-cap stocks.
2. SBI Consumption Opportunities Fund
- NAV: ₹370.57
- Fund Size: ₹3,101 crore
- Expense Ratio: 0.9%
- 10-Year Return: 18.13%
- 10-Year SIP Return: 20.64%
- SIP Growth: A monthly SIP of ₹10,000 would have grown to ₹36.29 lakh
Focused on consumption-driven sectors, this fund capitalizes on the growth in demand across industries like FMCG and retail.
3. SBI Magnum Midcap Fund
- NAV: ₹261.64
- Fund Size: ₹22,338 crore
- Expense Ratio: 0.77%
- 10-Year Return: 18.01%
- 10-Year SIP Return: 20.2%
- SIP Growth: A monthly SIP of ₹10,000 would have grown to ₹35.42 lakh
Targeting midcap stocks, this fund provides a balanced growth option with potential for substantial long-term gains.
4. SBI Technology Opportunities Fund
- NAV: ₹236.23
- Fund Size: ₹4,435 crore
- Expense Ratio: 0.84%
- 10-Year Return: 17.75%
- 10-Year SIP Return: 21.83%
- SIP Growth: A monthly SIP of ₹10,000 would have grown to ₹38.73 lakh
This fund is ideal for investors interested in technology and IT sectors, reflecting India’s rising tech innovation and demand.
5. SBI Infrastructure Fund
- NAV: ₹54.84
- Fund Size: ₹5,071 crore
- Expense Ratio: 0.95%
- 10-Year Return: 17.70%
- 10-Year SIP Return: 21.77%
- SIP Growth: A monthly SIP of ₹10,000 would have grown to ₹38.61 lakh
As India advances in infrastructure development, this fund focuses on construction, engineering, and capital goods, promising growth as the sector expands.
| Fund Name | NAV | Fund Size | Expense Ratio | 10-Year Return | 10-Year SIP Return | SIP Growth |
|---|---|---|---|---|---|---|
| SBI Small Cap Fund | ₹203.88 | ₹34,217 crore | 0.66% | 23.50% | 23.68% | ₹42.85 lakh |
| SBI Consumption Opportunities Fund | ₹370.57 | ₹3,101 crore | 0.9% | 18.13% | 20.64% | ₹36.29 lakh |
| SBI Magnum Midcap Fund | ₹261.64 | ₹22,338 crore | 0.77% | 18.01% | 20.2% | ₹35.42 lakh |
| SBI Technology Opportunities Fund | ₹236.23 | ₹4,435 crore | 0.84% | 17.75% | 21.83% | ₹38.73 lakh |
| SBI Infrastructure Fund | ₹54.84 | ₹5,071 crore | 0.95% | 17.70% | 21.77% | ₹38.61 lakh |
These top-performing SBI mutual fund schemes offer robust returns, making them excellent choices for long-term investors looking to grow their wealth through equity investments.
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