In the current age of finance, more individuals are looking to invest in several ways than to save their money in the traditional way. No country has a number of youths than India at this present time and the youth is likely to be wealthier than rich. And to achieve this particular target, they have understood that investing is the right thing to do. To meet their needs further, there are several asset management companies (AMCs) in India that have been providing some of the best mutual funds to invest in.
Among all of them, SBI is also one of the leading AMCs that provide some of the good mutual funds to invest in. Since its inception in 1988, it has been helping investors to achieve their investment goals with whatever resources they have got. SBI Mutual fund schemes online can be open to anyone and anybody can invest in any of the funds. As you know there are different types of mutual funds and SBI fund management Pvt. Ltd. provides a range of amazing schemes to the customers in the category of equity, debt, and hybrid. So if you are someone who is looking to invest in some best funds by the SBI, and want to know more about it, then this article would be perfect for you. Keep reading!
What are the different kinds of funds offered by the SBI Mutual Fund House?
Basically, mutual funds have three types – Equity, Debt, and Hybrid and SBI mutual fund schemes online are available in all these three categories. You can have a look at them below.
SBI Equity Fund: Before getting important knowledge about the various equity funds provided by the SBI, it’s important to know what exactly is an equity fund? An equity fund suits that kind of investors who want to achieve a high amount of returns and generally have a high-risk appetite. SBI equity fund mainly invests in equity and equity-related instruments in the shares of leading companies. There are a total of 16 equity funds by SBI from which you can choose based on your risk appetite and investment goals. Some of them are SBI Bluechip Fund, SBI Contra Fund, SBI Infrastructure Fund, and SBI Focused Fund.
SBI Debt Fund: Debt funds are considered to be the safest option when it comes to investing. SBI Debt funds invest in the debt realted instruments such as bonds, stocks, debentures of the top-rated companies to get a stable and regualr returns over the investment period. If your risk appetite is low, this debt fund from the SBI Mutual fund schemes online could be the best bet for you. Some of the SBI Debt funds are SBI Savings Fund, SBI Credit Risk Fund, SBI Overnight Fund, and SBI Savings Fund.
SBI Hybrid Fund: As the name suggests, a hybrid fund is a mixture of both equity and debt, the allocation of these assets vary from one fund to another. A hybird fund majorly invests in two or more asset classes to get an amazing pool of returns with the minimal risk involved. A hybrid fund is considered to be a perfect investment option for both budding and seasoned investors. Some of the SBI hybrid funds are SBI Multi-Asset Allocation Fund, SBI Equity hybrid fund, and SBI debt hybrid fund.
Let’s have a look at SBI Mutual Fund NAV?
NAV is known as the Net Asset Value of any mutual fund. SBI Mutual fund NAV is the price at which a fund is sold and bought. A lot of people have this misconception that by knowing the NAV of any mutual fund, you can have an estimation about the past performance of that particular fund. But it’s totally wrong because there are some other factors also that contribute to your NAV.