SBI mutual funds are sponsored by the biggest Indian bank SBI. SBI bank mutual funds especially SBI tax saving mutual funds and SBI magnum mutual funds have a magnificent track record of right investment which has led to continuous wealth generation. SBI bank mutual funds are a joint venture between Societe Generale Asset Management, a fund management company worth more than $500 billion and State bank of India. SBI mutual funds have been in business since last 2 decades and more than 38 successful SBI mutual funds schemes have been launched with 15 of these SBI mutual funds schemes have been redeemed providing excellent returns to the investors. This section of moneysuperbazaar.com will provide you more details about various SBI bank mutual funds scheme, SBI tax saving mutual funds and different kinds of SBI magnum mutual fund.

Various kinds of SBI mutual funds

SBI bank mutual funds boasts of a large investor base of 5.8 million people and SBI mutual funds manage a fund of over Rs 38,782 crores. People looking to invest in SBI magnum mutual funds or SBI tax saving mutual funds could get the information about these products online or they could fill up the application form for SBI mutual funds and deposit it at 130 acceptance centers located all across India.

SBI magnum mutual funds can broadly be categorized as equity based SBI magnum mutual fund, debt based SBI magnum mutual fund and balanced SBI magnum mutual fund.  While investors of equity based SBI magnum mutual funds can enjoy great returns they are also exposed to higher risks. These SBI magnum mutual funds can further be categorized as Diversified equity SBI bank mutual funds, Sectoral equity SBI magnum mutual fund and Index SBI mutual funds. In debt based SBI magnum mutual fund investment is made in government securities, corporate bonds and money market instruments which are safer investments. Balanced SBI magnum mutual funds are amalgamation of debt and equity SBI mutual funds scheme.

For people searching for SBI tax saving mutual funds, Magnum Taxgain is the best plan. These SBI tax saving mutual funds are actually Equity linked saving schemes. Investors can invest up to 1 lakh in SBI tax saving mutual funds to get benefits under section 80C of Indian Income tax Act.

You are now ready to start investing in SBI bank mutual funds after reading this information on moneysuperbazaar.com.