SBI Securities Mutual Fund Review


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SBI Mutual Fund is an asset management company that offers in-house funds. It offers around 50 SBI Mutual Fund schemes across different categories such as Equity, Debt, and Hybrid. You can also choose the scheme based on your risk appetite.

SBIMF.com is the dedicated website to invest in SBI Mutual Fund. All the schemes available on this platform are in-house where you don't need to pay any commission to the broker. You can invest either through SIP or lumpsum mode of investment.

SBI Bank doesn't offer mutual fund schemes from other fund houses. You can diversify your portfolio only with SBI Mutual Funds. For investing in any other AMCs, you have to open a different account with another broker.

SBI Mutual Fund Online Charges

SBI is an asset management company that doesn't charge any transaction fee for mutual funds. All the charges such as fund management charges, marketing expenses are included as a term expense ratio in a NAV. You are not required to pay it separately. Although, you have to pay an exit load when you switch or redeem a scheme before a defined period.

SBI Mutual Fund Charges

SBI Account Opening Charges

Nil

SBI Mutual Fund AMC Fees

 

SBI Mutual Fund Brokerage

Nil

SBI Mutual Fund Commission

Exit Load is charged if you redeem the fund before the prescribed period. It can be 1-2% depending on the fund type.

SBI Mutual Fund DP Charges

 

Other Charges

No transaction charges

Introduction To SBI Mutual Fund Platform

Investors can invest in SBI Mutual Fund AMC through online and offline modes. Here are the mutual fund platforms to invest in SBI MF-

1. SBI Online Portal

It is a quick, efficient and systematic platform to manage your SBI Mutual Fund investments. It offers a wide range of online services and facilities to make your investments hassle-free.

Key Features of SBI Mutual Fund Online Portal:

  • Complete the KYC and register your email address to start investing online
  • Offers family solution tools to maximize and manage investments to achieve the financial goals of the family
  • Provides complete freedom for financial transactions, switching the schemes, or redeeming any time
  • Compare funds and check historical fund performance before making an investment decision
  • Online chat assistance to make your investment process hassle-free
  • Create watch-lists to track the SBI mutual funds of your choice
  • Set alert notifications to get information about particular changes in the market

How to Access SBI Online Portal?

  • Visit Sbimf.com a dedicated mutual fund investment website
  • Hover the mouse on 'Ways to Invest' tab
  • Click on the 'Online' option from the list
  • Click on 'Invest Now'
  • Login with user ID and password or click on a new user to start investing

2. M-easy:

M-easy is a mobile investment facility offered by SBI to purchase, switch and redeem mutual funds through sending an SMS. You can access this platform anytime and from anywhere.

Key Features of SBI M-easy:

  • A simple and hassle-free way to invest in mutual fund through an SMS
  • Invest in any scheme any time or while on the move
  • No physical paperwork required
  • Get instant confirmation of transaction made
  • Invest in both regular or direct schemes

Access SBI M-easy:

Investors are not required to install or download any mobile app to use M-easy. It is not a mobile app. You are only required to complete the M-easy mandate and submit it to SBI Mutual Fund to get this mobile investment facility for investment through sending an SMS. As per your need, you can choose M-easy Mandate for regular and direct schemes. You can download the registration cum debit mandate form from SBI Mutual Fund by clicking on 'M-easy' under the 'Ways to Invest' menu.

To complete a financial or non-financial transaction, you can send SMS to "9210192101". The SMS should be in following format for different transactions:

  • "INV space <Amount>" - Invest in your default scheme/plan
  • "INV space <Amount> <Scheme Code> - Invest in a particular scheme / Plan
  • "SIP space <Amount>" - To register SIP in your default scheme / Plan
  • "SIP space <Amount> <Scheme Code> - To register SIP in a particular scheme / plan
  • "RED space <Amount> - To redeem your default scheme / plan
  • "RED space <Amount / All> <Scheme Code>" To redeem in a particular scheme / plan
  • "SWT space <Amount / All> <From Scheme Code> <To Scheme Code>" - To Switch

3. SBI MF invesTap

SBI MF InvesTap is a mobile-based investment platform to invest in mutual funds. It is easy to use the platform to perform all financial transactions quickly.

Key Features of SBI MF InvesTap:

  • Invest, switch or redeem easily through SBI Mutual Fund Schemes
  • Track the performance of the mutual fund schemes
  • Use a Family Solution Tool to choose the right scheme as per your family financial goals
  • Get real-time alerts for the scheduled transactions
  • 'Receive a call' facility to get help while investing through the app
  • Create watchlists for up to 3 schemes

Download SBI MF InvesTap:

  • Visit Google Play or App Store on your phone
  • Search InvesTap in the search bar
  • Click on the first option available
  • Click on the Install button to download the app
  • Login with user ID and password

SBI MF InvesTap app is also available separately for SBI MF Partner and SBI Savings Fund. You can also download these apps from the Google Play or App Store.

SBI Mutual Funds Offline Investments

  1. SBI also allows you to invest in its mutual funds offline. Following steps will help you invest in the fund of your choice-
  2. Contact a SBI Mutual Fund representative or an empaneled distributor. To get the details of company representatives of distributors in your city, please contact the customer care.
  3. Get an application and KYC form (if KYC procedure is not completed).
  4. Fill the application/KYC (if applicable) form by providing details like i.e. name, address, PAN, email address, mobile number, etc. 
  5. Attach copies of required documents and submit them along with a cheque/demand draft of the desired investment amount to any branch of SBI Mutual Fund or point of acceptance.
  6. You will get a folio number for that particular investment and an Account Statement, after the transaction is processed.

SBI Mutual Fund SIP

SBI Mutual Fund allows investment through SIP. You can use any investment platforms as mentioned above to invest in SBI Mutual Fund through SIP. While investing with InvesTap, you can also use the SBI Mutual Fund Calculator by selecting the installment amount and investment duration to calculate estimated returns. Similarly, you can also use the Online investment portal for SBI mutual fund SIP investment.

SBI also allows quick and instant investment in mutual funds through M-easy. You can use the following format to send an SMS and invest in a particular scheme through SIP:

  • "SIP space <Amount>" - To Register SIP in your Default Scheme / Plan
  • "SIP space <Amount> <Scheme Code> - To Register SIP in a Particular Scheme / Plan

SBI Mutual Fund Advantages

  • Offers both SBI direct and regular mutual fund schemes
  • Provides M-easy, Online Portal, and InvesTap mobile app investment platform
  • Allows investment through offline mode through SBI Mutual Fund distributor as well
  • Doesn't charge any brokerage fee for mutual fund investment

SBI Mutual Fund DisAdvantages

  • Doesn't allow mutual fund schemes from other fund houses

SBI Mutual Fund Customer Care

You can get mutual fund related information and get your query resolved through the dedicated SBI Mutual Fund customer support. Investors can call on 1800 209 3333 for any SBI Mutual Fund related queries. They can also mail on customer.delight@sbimf.com to get assistance through the mail.

Conclusion

SBI Mutual Fund offers a wide range of investment schemes to fulfill the investment needs of the investors. They can invest either through SIP or lumpsum mode of investment. As you are investing directly through AMC, you are not required to pay any commission or brokerage to the broker. If you want to invest in different mutual funds of other fund houses, SBI Mutual Fund doesn't provide that facility.

Frequently Asked Questions

  1. 1. Which SBI Mutual Fund is best for SIP?

    SBI Mutual Fund offers various schemes to invest through SIP. Depending on various factors such as investment goal, risk-appetite, time horizon and expected returns, best schemes can vary investors to investors. Here are few popular schemes of SBI MF for investment through SIP:

    • SBI Blue Chip Fund
    • SBI Small and Mid-cap Fund
    • SBI Magnum Multi-cap Fund

     

  2. 2. What is SIP in SBI Mutual Fund?

    SIP is a way to invest in a disciplined manner in mutual funds on a regular interval. You can invest in SBI Mutual Fund through SIP using InvesTap, M-easy, and Online Portal investment platforms.

     

  3. 3. How can I invest in SIP in SBI?

    You can invest in SIP in SBI through M-easy SMS facility, InvesTap mobile app, and Online Portal, a web-based solution. You can also invest in SIP offline by contacting SBI MF representative or a distributor.

     

  4. 4. Can I open SIP online in SBI?

    Yes, SBI allows both online or offline investment through SIP in SBI Mutual Fund. You can also use the SBI SIP calculator to calculate the estimated returns. For online investment, you can use InvesTap, M-easy, and SBI Online Portal platforms.

     

  5. 5. Is SBI SIP safe?

    Yes, investing in SBI Mutual Fund is safe as it is regulated by AMFI, an association of SEBI registered AMCs. SBI follows all the regulations prescribed by SEBI for mutual fund investment and doesn't charge any annual and registration charges as an AMC.

    However, please note that all mutual fund investments are subject to market risks.

     

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Information on this page was last updated on Monday, January 27, 2020


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