Sbi Mutual Fund Share Price Today

SBI Fund Management Limited (SBI MF) is a prominent Indian asset management company with more than three decades of experience. It is a collaboration between the State Bank of India, the largest bank in India, and Amundi Asset Management, an international asset management firm. SBI MF holds the position as the biggest mutual fund house in India.

The firm possesses a strong distribution network comprising more than 223 branches, 33 Investor Service Centres, and a formidable online presence. It has also been honored with numerous accolades for its investment performance and expertise in managing funds.

SBI Mutual Fund Share Price as of Today

SBI Funds Management Limited has a total of 50,33,05,156 outstanding shares with a face value of Rs. 1 per equity share. The unlisted share of SBI Funds Management Limited has an ISIN code of INE640G01020 and is traded in lots of 100 shares. The current share price for SBI Funds Management Limited is considered to be the best in the industry.

SBI Funds Management Limited Incorporation Details

The alphanumeric code U65990MH1992PLC065289 represents the registration number of SBI Mutual Fund.

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Incorporation Date of SBI Funds Management Limited

On 07 February 1992, the share price of SBI Mutual Fund was recorded.

Category/Sub-category of SBI Funds Management Limited

A company that is owned by shareholders and not the government.

The address is located on the 9th floor of Crescenzo building in Bandra Kurla Complex, Mumbai. The specific location is G Block, Bandra (East), with the postal code MH 400051 in India.

SBI Mutual Fund Share Price Today

Mr. Krishan Kant, the Chief Manager of Zuari Finserv Limited located in New Delhi, can be reached at Plot No. 2, Community Centre Zamrudpur, Kailash Colony Extension, New Delhi-110048.

Is it possible to invest 1000 rupees in a mutual fund?

By investing regularly through SIP, even small amounts like Rs 500 can accumulate over time and potentially grow into a significant sum due to compounding effect. It also helps in reducing the risk associated with timing the market as investments are made consistently irrespective of market conditions.

Overall, SIP provides an accessible and convenient way for individuals to enter the world of mutual funds by allowing them to start with as little as Rs 500 per instalment while enjoying long-term benefits such as wealth creation and diversification.

Principal Business Activities of SBI Funds Management Limited

The following table displays the details of shareholders and their respective shareholdings in SBI Mutual Fund:

1. Promoters Group: They hold 50,00,33,672 shares, which accounts for 99.35% of the total shares of the company.

2. Public Shareholding: This group holds 32,71,484 shares, representing 0.65% of the total shares.

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Is it possible to invest 100 rupees daily in mutual funds?

If you are looking to earn money through SIP (Systematic Investment Plan), it is advisable to adopt a long-term approach. Long-term investment strategies tend to yield better results in the world of mutual funds. To make the most out of your investments, it is crucial to have patience and stay committed for an extended period.

A practical strategy that can help you accumulate wealth over time is by saving a minimum of Rs 100 every day from your daily expenses. By consciously cutting down on unnecessary expenditures, you can set aside this amount regularly. This disciplined approach will enable you to create a pool of funds that can be invested in mutual funds through SIP.

Additionally, it is important to choose suitable mutual funds based on factors such as risk tolerance and financial goals. Conduct thorough research or seek advice from financial experts before making any investment decisions. Diversifying your portfolio by investing in different types of mutual funds across various sectors can also mitigate risks associated with market fluctuations.

Industry Outlook

The mutual fund sector plays a crucial role in the financial services industry, offering investors various investment choices. Although it has faced certain difficulties in recent times, the mutual fund market continues to show resilience and growth.

Passive investing strategies have become more popular in the mutual fund industry, providing investors with cost-effective access to different asset classes. This has led active fund managers to face challenges in justifying their fees and delivering competitive returns. Additionally, there is a growing trend of ESG investing, as investors look for opportunities that align with their personal values.

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The mutual fund sector is currently grappling with regulatory scrutiny, mainly concerning fees and disclosures. Additionally, the emergence of fintech and robo-advisors poses a competitive risk as they provide investors with cost-effective investment choices and tailored guidance.

In general, it is anticipated that the mutual fund sector will continue to develop and adjust in order to cater to the evolving requirements and preferences of investors. Despite potential temporary obstacles, this industry is expected to maintain its significant role within the financial services domain.

What if I invest ₹1,000 in mutual funds for a period of 10 years?

In simpler terms, it means that if you consistently invest Rs 1000 every month in this mutual fund for ten years and it earns an average annual return of 12%, your total investment could grow to approximately Rs 2.32 lakhs by the end of those ten years. However, remember that these numbers are just estimates and actual results may differ based on various factors affecting the performance of the mutual fund.

SBI AMC Frequently Asked Questions