7 Best SBI Mutual Funds for Maximum SIP Returns: Up to 44% Annualized Growth

SBI Mutual Fund is India’s largest Asset Management Company (AMC), managing ₹11.06 lakh crore across 123 schemes in equity, hybrid, and debt categories. Among these, several schemes have delivered exceptional SIP returns over the last three years.

1. SBI PSU Fund – Direct Plan

• Annualized SIP Return (3 Years): 44.02%

• Total SIP Investment (3 Years): ₹2,00,000

• Final Value: ₹11,06,116

• Expense Ratio: 0.76%

• Key Details: With an AUM of ₹4,471 crore and NAV of ₹35.0490, this thematic fund is benchmarked against BSE PSU TRI.

2. SBI Contra Fund – Direct Plan – Growth

• Annualized SIP Return (3 Years): 30%

• Total SIP Investment (3 Years): ₹2,00,000

• Final Value: ₹9,16,450

• Expense Ratio: 0.59%

• Key Details: The fund boasts long-term growth, delivering 19.23% annually over 10 years. A notable ₹1 lakh investment 10 years ago would have grown to ₹5.81 lakh.

3. SBI Magnum Children’s Benefit Fund – Investment Plan – Direct Plan

• Annualized SIP Return (3 Years): 29.99%

• Total SIP Investment (3 Years): ₹2,00,000

• Final Value: ₹9,19,900

• Expense Ratio: 0.81%

• Key Details: Targeted at financial planning for children’s future, the fund is highly stable with promising returns.

4. SBI Magnum Midcap Fund – Direct Plan

• Annualized SIP Return (3 Years): 36.14%

• Total SIP Investment (3 Years): ₹2,00,000

• Final Value: ₹10,64,000

• Expense Ratio: 0.87%

• Key Details: With an AUM of ₹3,416 crore, this fund offers high returns in mid-cap stocks. It has given a 526% absolute return over 10 years.

5. SBI Healthcare Opportunities Fund – Direct Plan

• Annualized SIP Return (3 Years): 33.39%

• Total SIP Investment (3 Years): ₹2,00,000

• Final Value: ₹10,00,132

• Expense Ratio: 0.89%

• Key Details: Focused on the healthcare sector, this fund has an AUM of ₹27,559 crore and NAV of ₹480.9243.

6. SBI Infrastructure Fund – Direct Plan

• Annualized SIP Return (3 Years): 29.79%

• Total SIP Investment (3 Years): ₹2,00,000

• Final Value: ₹9,64,540

• Expense Ratio: 0.91%

• Key Details: With an AUM of ₹2,825 crore, this aggressive hybrid fund is benchmarked against CRISIL Hybrid 35+65 Aggressive Index.

7. SBI Nifty Next 50 Index Fund – Direct Plan

• Annualized SIP Return (3 Years): 28.9%

• Total SIP Investment (3 Years): ₹2,00,000

• Final Value: ₹9,11,838

• Expense Ratio: 0.33%

• Key Details: Benchmark-focused, this fund offers low-cost exposure to the Nifty Next 50 Index.

These top-performing SBI mutual funds have not only outpaced benchmarks but also demonstrated the power of disciplined investing through SIPs. Whether you’re aiming for long-term growth or sector-specific investments, SBI Mutual Funds offers a range of consistent performers to suit your financial goals.

Disclaimer:  Readers are encouraged to make their own informed decisions, as any losses incurred will be their sole responsibility