State Bank of India has introduced many mutual funds. There are many categories in funds. Some of the categories in SBI are equity, Debt, Balanced and Exchange Traded schemes.
In equity schemes, there are many sub categories. Diversified Equity, Sectoral and Index funds are the important ones. Equity plans are generally risky. Only investors who have risk taking capabilities can invest in this type of funds. Some of the equity schemes are listed below here.
- Magnum Global
- Magnum Index
- Magnum Midcap
- MSFU – Emerging Businesses Fund
- MSFU – IT Fund
- MSFU – Pharma
Magnum Taxgain scheme is a famous one. Each plan provides certain type of profit. In this plan, tax exemption is permitted below 1 lakh. This fact made the plan famous. In Chota SIP plan, monthly investment required is very less. The monthly investment is in range of 100 to 500 rupees only. This scheme was introduced mainly for rural people. Systematic investment plan is employed in this plan. Some of the debt schemes are listed below here.Debt schemes invest in Government securities, Corporate bonds and Money market instruments. Debt plans are not risky. Since there is no risk, the returns are not high as compared to other schemes.
- SDFS – 15 Months
- SDFS – 18 Months
- SDFS – 13 Months
- SDFS – 24 Months
- SDFS – 30 Days
Balanced schemes is the mixture of both equity and debt schemes. It provides higher returns than debt schemes. Still, the returns are not higher than equity schemes. Magnum Balanced schemes comes under this category. Gold Exchange plan is famous in Exchange Traded schemes.