Top SBI Mutual Funds With 43% Annual SIP Returns: No. 1 fund has turned Rs 20,000 monthly SIP into Rs 33.50 lakh in 5 years
Top SBI Mutual Funds: SBI mutual funds have been some of the most successful mutual funds in the last five years. Its PSU, infrastructure, contra, and mid-cap funds have performed well in the last five years. Funds such as SBI PSU Fund have multiplied an investor's wealth by nearly three times in five years. Here is a list of top 4 SBI mutual funds, and also know what Rs 20,000 monthly SIP in each fund has turned into in the five-year time frame.
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SBI PSU Fund
The thematic equity fund has been the top-performing SBI mutual fund in the five years with 42.48% SIP returns. It has assets under management (AUM) of Rs 3,071 crore, while its net asset value (NAV) is Rs 36.21.
SBI PSU Fund
A Rs 20,000 SIP in the five years, or a total of Rs 12 lakh investment, has turned into Rs 33.50 lakh. It has SBI, Power Grid, NTPC and Coal India as its main stocks in portfolio.
SBI Infrastructure Fund Direct - Growth
The sectoral infrastructure fund has given 37.70 per cent SIP returns in the five-year period. It has an AUM of Rs 3,088 crore, while its NAV is worth Rs 55.72.
SBI Infrastructure Fund Direct - Growth
A Rs 20,000 SIP in the fund has given Rs 30.02 lakh in the five-year period. The main stocks in its portfolio are Reliance Industries Limited, Bharti Airtel, L&T, and Carborundum Universal Ltd.
SBI Contra Fund
The contra fund has given 36.54 per cent annual SIP returns in the five years. It has an AUM of Rs 30,520 crore, while its NAV is worth Rs 401.08. A Rs 20,000 SIP in the fund has turned into Rs 29.13 lakh in the five years. The main stocks in its portfolio are Nifty Bank, HDFC Bank, SBI, and GAIL (India).
SBI Magnum Midcap Fund
It has given 33.25 per cent annual SIP returns in the five years. It has an AUM of Rs 18,399 crore, while its NAV is worth Rs 259.8. A Rs 20,000 SIP in the fund has given Rs 27.07 lakh in the five-year period. The main stocks in its portfolio are Torrent Power, Schaeffler India, Thermax Ltd, and Sundaram Finance Ltd.