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Last updated: 19 Sep 2025, 01:40 PM
State Bank of India SIP: Wealth Creation with Trusted Simplicity
State Bank of India (SBI), India’s largest public sector bank, facilitates Systematic Investment Plans (SIPs) in mutual funds, enabling customers to invest small amounts regularly (monthly, quarterly) into schemes from various Asset Management Companies (AMCs), including SBI Mutual Fund, India’s largest AMC by AUM. SIPs promote disciplined investing through rupee cost averaging, buying more units when markets are low and fewer when high, minimizing volatility risks.
In-Depth Details
Key Highlights
- Products Offered: SIPs across equity (e.g., SBI Bluechip Fund, SBI Small Cap Fund), debt (e.g., SBI Magnum Gilt Fund, SBI Liquid Fund), hybrid (e.g., SBI Equity Hybrid Fund), ELSS tax-savers (e.g., SBI Long Term Equity Fund), ETFs, and index funds—designed for wealth creation, tax savings, retirement, or child education; supports flexi and step-up SIPs for customized investing.
- Minimum Investment: Starts at ₹500 for most schemes (SIP or lump sum); no upper limit; flexible tenures (daily, weekly, monthly, quarterly).
- How to Start: Via SBI YONO app, Internet Banking, or branches: Log in, select “Investments” > “Mutual Funds” > Choose AMC/scheme > Set SIP amount, date, and auto-debit mandate; complete e-KYC (PAN, Aadhaar, video verification). NRIs can invest via YONO or branches.
- Benefits: Rupee cost averaging for cost efficiency; compounding for long-term growth; high liquidity (pause/stop without fees, subject to exit loads); diversification across 30+ AMCs; tax benefits under Section 80C for ELSS; seamless integration with SBI accounts.
- Performance Metrics: SBI Bluechip Fund: 15%+ 5-year CAGR; SBI Small Cap Fund: 25%+ 5-year CAGR; SBI Equity Hybrid Fund: 18%+ annualized returns; SBI Mutual Fund AUM: ₹11,99,764 crore (June 30, 2025); monthly SIP book: ₹3,007 crore (March 2024).
- Achievements: SBI Mutual Fund, a key partner, is India’s largest AMC (27% AUM growth YoY, June 2024); first to cross ₹10 lakh crore AAUM; pioneered Contra and ESG funds; awarded ‘Best Fund House’ at Morningstar India Awards 2024.
