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Top SBI Equity Mutual Funds - Best Funds, Benefits & Risks

SBI Equity Funds are managed by SBI Funds Management Ltd, one of India’s largest asset management companies with an AUM of over ₹11 lakh cr as of Q2 FY 2025. Each SBI equity fund follows a distinct strategy, offering investors exposure to India’s growing equity markets through diversified and research-driven investments.

Top SBI Equity Mutual Funds in 2025

Top SBI Equity Mutual Funds List in India (2025)

Here's the list of top SBI equity mutual funds offered by SBI Funds Management Ltd.

Created by

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Showing 1 - 20 of 42 results

last updated at 8:00 AM IST 
NameMFs (42)↓↓Sub CategorySub Category↓↓PlanPlan↓↓AUMAUM↓↓AMCAMC↓↓NAVNAV↓↓Absolute Returns - 3MAbsolute Ret. - 3M↓↓Absolute Returns - 1YAbsolute Ret. - 1Y↓↓CAGR 3YCAGR 3Y↓↓Expense RatioExpense Ratio↓↓Exit LoadExit Load↓↓VolatilityVolatility↓
1.SBI Large Cap Fund
SBI Large Cap Fund
Large Cap Fund
Large Cap Fund
Growth
Growth
54,687.99
54,687.99
SBI Funds Management Limited
SBI Funds Management Limited
106.11
106.11
4.13
4.13
6.37
6.37
14.23
14.23
0.79
0.79
0.25
0.25
11.44
11.44
2.SBI Contra Fund
SBI Contra Fund
Contra Fund
Contra Fund
Growth
Growth
49,218.42
49,218.42
SBI Funds Management Limited
SBI Funds Management Limited
432.29
432.29
4.32
4.32
3.06
3.06
20.02
20.02
0.76
0.76
0.25
0.25
10.88
10.88
3.SBI Focused Fund
SBI Focused Fund
Focused Fund
Focused Fund
Growth
Growth
40,823.77
40,823.77
SBI Funds Management Limited
SBI Funds Management Limited
426.88
426.88
7.51
7.51
14.72
14.72
17.93
17.93
0.77
0.77
0.10
0.10
11.32
11.32
4.SBI Small Cap Fund
SBI Small Cap Fund
Small Cap Fund
Small Cap Fund
Growth
Growth
36,945.09
36,945.09
SBI Funds Management Limited
SBI Funds Management Limited
194.34
194.34
-1.67
-1.67
-5.49
-5.49
14.14
14.14
0.75
0.75
1.00
1.00
13.77
13.77
5.SBI Large & Midcap Fund
SBI Large & Midcap Fund
Large & Mid Cap Fund
Large & Mid Cap Fund
Growth
Growth
35,514.42
35,514.42
SBI Funds Management Limited
SBI Funds Management Limited
703.74
703.74
4.47
4.47
7.54
7.54
17.37
17.37
0.79
0.79
0.10
0.10
12.15
12.15
6.SBI ELSS Tax Saver Fund
SBI ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
31,782.82
31,782.82
SBI Funds Management Limited
SBI Funds Management Limited
486.04
486.04
3.88
3.88
3.30
3.30
23.02
23.02
0.94
0.94
-
-
11.76
11.76
7.SBI Multicap Fund
SBI Multicap Fund
Multi Cap Fund
Multi Cap Fund
Growth
Growth
23,986.25
23,986.25
SBI Funds Management Limited
SBI Funds Management Limited
17.69
17.69
0.32
0.32
3.46
3.46
17.17
17.17
0.81
0.81
0.25
0.25
12.08
12.08
8.SBI Flexicap Fund
SBI Flexicap Fund
Flexi Cap Fund
Flexi Cap Fund
Growth
Growth
23,168.43
23,168.43
SBI Funds Management Limited
SBI Funds Management Limited
125.92
125.92
4.37
4.37
3.64
3.64
13.63
13.63
0.84
0.84
0.10
0.10
10.95
10.95
9.SBI Midcap Fund
SBI Midcap Fund
Mid Cap Fund
Mid Cap Fund
Growth
Growth
23,036.04
23,036.04
SBI Funds Management Limited
SBI Funds Management Limited
262.33
262.33
3.07
3.07
-0.82
-0.82
16.83
16.83
0.86
0.86
0.10
0.10
12.85
12.85
10.SBI Nifty Index Fund
SBI Nifty Index Fund
Index Fund
Index Fund
Growth
Growth
11,312.47
11,312.47
SBI Funds Management Limited
SBI Funds Management Limited
241.38
241.38
5.24
5.24
7.28
7.28
12.61
12.61
0.19
0.19
0.20
0.20
11.98
11.98
11.SBI Energy Opportunities Fund
SBI Energy Opportunities Fund
Sectoral Fund - Energy & Power
Sectoral Fund - Energy & Power
Growth
Growth
9,722.28
9,722.28
SBI Funds Management Limited
SBI Funds Management Limited
10.70
10.70
2.28
2.28
-0.11
-0.11
-
-
0.79
0.79
1.00
1.00
17.19
17.19
12.SBI Dividend Yield Fund
SBI Dividend Yield Fund
Dividend Yield Fund
Dividend Yield Fund
Growth
Growth
9,278.89
9,278.89
SBI Funds Management Limited
SBI Funds Management Limited
15.96
15.96
3.88
3.88
1.34
1.34
-
-
0.83
0.83
1.00
1.00
11.44
11.44
13.SBI Banking & Financial Services Fund
SBI Banking & Financial Services Fund
Sectoral Fund - Banks & Financial Services
Sectoral Fund - Banks & Financial Services
Growth
Growth
9,273.44
9,273.44
SBI Funds Management Limited
SBI Funds Management Limited
50.69
50.69
8.73
8.73
17.02
17.02
20.34
20.34
0.76
0.76
0.50
0.50
13.17
13.17
14.SBI Innovative Opportunities Fund
SBI Innovative Opportunities Fund
Thematic Fund
Thematic Fund
Growth
Growth
6,533.13
6,533.13
SBI Funds Management Limited
SBI Funds Management Limited
9.98
9.98
0.30
0.30
0.30
0.30
-
-
0.89
0.89
1.00
1.00
14.73
14.73
15.SBI MNC Fund
SBI MNC Fund
Thematic Fund - MNC
Thematic Fund - MNC
Growth
Growth
5,961.59
5,961.59
SBI Funds Management Limited
SBI Funds Management Limited
397.46
397.46
0.80
0.80
-3.78
-3.78
7.97
7.97
1.27
1.27
1.00
1.00
11.42
11.42
16.SBI ESG Exclusionary Strategy Fund
SBI ESG Exclusionary Strategy Fund
Thematic Fund
Thematic Fund
Growth
Growth
5,719.57
5,719.57
SBI Funds Management Limited
SBI Funds Management Limited
271.16
271.16
4.29
4.29
3.92
3.92
13.93
13.93
1.35
1.35
1.00
1.00
11.81
11.81
17.SBI PSU Fund
SBI PSU Fund
Thematic Fund
Thematic Fund
Growth
Growth
5,714.14
5,714.14
SBI Funds Management Limited
SBI Funds Management Limited
36.56
36.56
6.58
6.58
3.11
3.11
27.89
27.89
0.85
0.85
0.50
0.50
16.92
16.92
18.SBI Automotive Opportunities Fund
SBI Automotive Opportunities Fund
Sectoral Fund - Auto
Sectoral Fund - Auto
Growth
Growth
5,378.28
5,378.28
SBI Funds Management Limited
SBI Funds Management Limited
11.27
11.27
8.05
8.05
14.66
14.66
-
-
0.94
0.94
1.00
1.00
16.40
16.40
19.SBI Technology Opp Fund
SBI Technology Opp Fund
Sectoral Fund - Technology
Sectoral Fund - Technology
Growth
Growth
4,934.03
4,934.03
SBI Funds Management Limited
SBI Funds Management Limited
263.68
263.68
6.48
6.48
4.44
4.44
17.15
17.15
0.91
0.91
0.50
0.50
14.64
14.64
20.SBI Infrastructure Fund
SBI Infrastructure Fund
Sectoral Fund - Infrastructure
Sectoral Fund - Infrastructure
Growth
Growth
4,788.49
4,788.49
SBI Funds Management Limited
SBI Funds Management Limited
53.18
53.18
2.50
2.50
-3.83
-3.83
21.15
21.15
1.13
1.13
0.50
0.50
13.45
13.45
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Selection criteria: Category: Equity | Filters: AMC: SBI Fund Management Limited | AUM: Sorted from Highest to Lowest

What are SBI Equity Fund?

SBI Equity Fund is a type of mutual fund managed by SBI Funds Management Ltd, one of India’s largest asset management companies. These funds invest mainly in shares of companies across different sectors and market sizes, such as large-cap, mid-cap, and small-cap.



How Do Equity Funds Work?

Equity funds invest mainly in the shares of different companies across sectors and industries. The fund manager selects stocks based on the fund’s investment objective, such as growth, value, or sector focus.
As per SEBI guidelines, equity funds must invest at least 60% of their total assets in equity shares. The remaining portion can be invested in other instruments like debt or money market securities to manage risk and maintain stability in the portfolio.

Overview of Top SBI Equity Funds

SBI Large Cap Fund

SBI Large Cap Fund is an open-ended equity scheme that invests primarily in large-cap companies listed in India. It forms part of SBI Mutual Fund’s diversified equity offerings.

SBI Contra Fund

SBI Contra Fund is an equity scheme following a contrarian investment style. It invests in equity and equity-related instruments across various sectors and market capitalisations.

SBI Focused Fund

SBI Focused Fund is an equity scheme that invests in a maximum of 30 stocks across market segments. It is classified as a focused equity fund under SEBI’s categorisation.

SBI Small Cap Fund

SBI Small Cap Fund is an equity scheme that invests mainly in small-cap companies as defined by SEBI. It provides exposure to smaller listed firms with lower market capitalisation.

SBI Large & Midcap Fund

SBI Large & Midcap Fund is an equity scheme that invests in both large-cap and mid-cap stocks. It is categorised as a large and midcap fund under SEBI guidelines.

How to Invest in SBI Equity Funds?

Here’s how you can identify and invest in top SBI equity mutual funds with Tickertape Mutual Fund Screener -

  1. Launch Tickertape Mutual Fund Screener.
  2. Click on filter, and add AMC as “SBI Funds Management Limited” and under category choose “Equity”
  3. Sort out the top SBI equity funds based on over 50 fundamental and technical filters.
  4. After identifying the SBI equity mutual fund that aligns with your investment thesis, click on “Place Order” to invest in the mutual fund.

With Tickertape Mutual Fund Screener, you can invest via ‘lumpsum’ or start a ‘SIP’ in SBI Equity Mutual Funds. Moreover, by connecting your portfolio, you can do a deep analysis of your portfolio and assess its performance.

Taxation of SBI Equity Mutual Funds

SBI equity fund follows the same tax rules as equity funds. Here are the taxation details for SBI equity fund below:

Capital Gains Type Holding Period Tax Rate
Short-Term Capital Gains (STCG) Less than 12 months 20%
Long-Term Capital Gains (LTCG) More than 12 months 12.5%

Types Of SBI Equity Funds

Large-Cap Funds

Large-cap funds invest mainly in the top 100 listed companies in India based on market capitalisation. As per SEBI rules, these funds must keep at least 80% of their total assets in large-cap stocks. These companies are generally well-established and form the backbone of India’s equity market.

Mid-Cap Funds

Mid-cap funds invest in companies ranked 101 to 250 by market capitalisation. SEBI requires these funds to invest at least 65% of their total assets in mid-cap companies. This category includes firms that are in a growth phase and have expanding business operations.

Small-Cap Funds

Small-cap funds invest in companies ranked 251 and beyond by market capitalisation. They must invest at least 65% of their total assets in small-cap stocks. These companies are relatively smaller but form an important part of the broader equity market.

Large & Mid-Cap Funds

Large & mid cap funds combine investments in both large and mid-sized companies. SEBI mandates that these funds must invest at least 35% each in large-cap and mid-cap stocks. This helps them maintain a mix of market stability and growth exposure.

Multi-Cap Funds

Multi-cap funds spread their investments across large-cap, mid-cap, and small-cap companies. SEBI rules require them to invest at least 75% of their total assets in equities, with a minimum of 25% each in all three categories. This structure provides a balanced exposure to different company sizes.

Flexi-Cap Funds

Flexi cap funds have the flexibility to invest across large, mid, and small-cap companies without any fixed allocation. They must, however, invest at least 65% of their total assets in equity and equity-related instruments. This allows the fund manager to shift focus based on market conditions.

Overview of SBI Fund House

SBI Funds Management Ltd. (SBIFML) is one of India’s leading asset management companies with more than 30 years of experience in managing investments. It is a joint venture between the State Bank of India (SBI), which owns 63%, and Amundi, a global asset management company based in France.
The company manages a wide range of products, including domestic mutual funds, offshore funds, and portfolio management services for both retail and institutional investors. With the combined experience of its parent organisations, SBI Funds Management handles investor assets across different sectors and market segments.



How Do Equity Funds Work?

Equity funds invest mainly in the shares of different companies across sectors and industries. The fund manager selects stocks based on the fund’s investment objective, such as growth, value, or sector focus.
As per SEBI guidelines, equity funds must invest at least 65% of their total assets in equity shares. The remaining portion can be invested in other instruments like debt or money market securities to manage risk and maintain stability in the portfolio.

Top Fund Managers in SBI Equity Fund

R. S. R. Srinivasan

R. S. R. Srinivasan is the Chief Investment Officer (Equity) at SBI Mutual Fund. He joined in 2009 as a Senior Fund Manager and has over 28 years of experience in equity research and portfolio management. A postgraduate in Commerce and a Master’s in Financial Management from the University of Mumbai, he leads the equity investment team and overall strategy.

Sohini Andani

Sohini Andani has been with SBI Mutual Fund since 2007 and has been managing equity schemes since 2010. With over 27 years of experience in financial services, including 11 years in equity research, she is a Chartered Accountant and Commerce graduate from Mumbai University. She manages key equity schemes with a strong research-based approach.

Dinesh Balachandran

Dinesh Balachandran joined SBI Mutual Fund in 2012 and has over 22 years of experience in finance and investments. A B.Tech graduate from IIT Bombay and M.S. holder from MIT (USA), he is also a CFA charterholder. He manages multiple equity funds with a data-driven, analytical investment style.

Rohit Shimpi

Rohit Shimpi has been with SBI Mutual Fund since 2006 and became a fund manager in 2018 after working in equity research and PMS. He holds a Commerce degree from Mumbai University, a PGDBM in Finance from Sydenham Institute, and is a CFA charterholder. He manages equity portfolios across diverse sectors.

Bhavin Vithlani

Bhavin Vithlani joined SBI Mutual Fund in 2018 as an Equity Analyst and now serves as Fund Manager. With over 19 years of experience in financial services, he specialises in industrial and power sector research. He holds an MMS in Finance and a Commerce degree, contributing to research and fund management.

Advantages of Investing in SBI Equity Mutual Funds

Diversified Investment Approach

SBI Equity Funds invest in a mix of companies across sectors and market sizes, such as large-cap, mid-cap, and small-cap. This helps mitigate risk and balance returns, as not all sectors perform the same at a given time.

Experienced Fund Management

These funds are managed by seasoned professionals like R. S. R. Srinivasan, Sohini Andani, and Dinesh Balachandran, who have decades of experience in equity research and portfolio management. Their expertise helps maintain disciplined and research-backed investment strategies.

Variety of Fund Options

SBI Mutual Fund offers multiple types of equity funds: large-cap, contra, focused, small-cap, and large & Midcap fund, each designed under SEBI’s categorisation. Investors can explore funds based on their financial goals and investment horizon.

Transparency and Regulation

SBI Mutual Fund operates under SEBI regulations, offering full disclosure of fund performance, portfolio composition, and expenses. This ensures accountability and helps investors stay informed.

Risks of Investing in SBI Equity Mutual Funds

Market Risk

Equity funds are directly affected by market movements. Stock prices can rise or fall due to factors like economic changes, company performance, or global events, which may impact short-term returns.

Sector or Concentration Risk

Some funds may have higher exposure to specific sectors or themes. If that sector underperforms, it can affect the overall fund performance.

Regulatory and Economic Risk

Changes in government policies, taxation, or interest rates can influence company earnings and market valuations, affecting fund returns.

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Factors to Consider Before Investing in SBI Equity Mutual Funds

Investment Objective

Each SBI Equity Fund has a defined goal such as growth, value, or sector-specific exposure. Reviewing the fund’s objective helps understand its focus and portfolio structure.

Risk Level

Equity funds carry market risk since their performance depends on stock price movements. Investors need to understand the risk level of each fund while exploring SBI equity funds.

Tax Implications

Equity fund gains held for less than one year are treated as short-term capital gains and taxed at 15%, while those held for more than one year fall under long-term capital gains (LTCG), taxed at 10% on gains above ₹1 lakh in a financial year.

Investment Horizon

SBI Equity Funds invest mainly in stocks, and their performance can vary with market and economic conditions. Investors need to understand that equity investments may show fluctuations and can behave differently across various market cycles, and invest accordingly.

Conclusion

SBI Mutual Fund offers equity funds, among other funds, designed to meet different financial objectives. These funds have the potential for long-term growth through investments in diversified companies across sectors. However, there are various risks linked to market fluctuations, economic conditions, and fund strategies. Investors should do thorough research, understand the associated risks, and consult a financial advisor before making any investment decisions.

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Frequently Asked Questions About SBI Equity Mutual Funds

  1. What are SBI equity funds?

    SBI Equity Funds are mutual fund schemes managed by SBI Funds Management Ltd, which invest mainly in shares of listed companies across sectors and market capitalisations.

  2. What are the best SBI equity funds?

    Here are the top SBI equity mutual funds based on their 5Y CAGR:

    1. SBI PSU Fund
    2. SBI Contra Fund
    3. SBI Infrastructure Fund
    4. SBI LT Advantage Fund-IV
    5. SBI ELSS Tax Saver Fund

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  3. How can you invest in SBI equity funds?

    Here’s how you can start investing in SBI equity mutual funds:

    1. Launch the Tickertape Mutual Fund Screener.
    2. Select the SBI equity mutual fund that matches your investment goals and risk appetite.
    3. Click on “Place Order” and choose the “SIP” option. Enter your preferred SIP amount and confirm “OK”.

    Your order will be placed.

  4. Who should invest in SBI equity funds?

    Investors who wish to participate in India’s equity markets may find SBI equity funds appealing.
    Disclaimer: However, investors should understand that these funds are subject to market risks and should review their financial goals, risk tolerance, and time horizon before investing.

  5. What are the potential risks of investing in SBI equity funds?

    SBI Equity Funds are exposed to market risk, volatility risk, and sector-specific risk. Changes in economic conditions, government policies, or company performance can affect returns.

  6. Can I invest in SBI equity funds through SIPs?

    Investors can start a Systematic Investment Plan (SIP) in SBI Equity Funds that allows this option. SIPs allow small, regular investments and help investors participate in the market over time.
    Disclaimer: Please note that this is not a recommendation. Please do your own research or check the SID of the specific fund to know more about SIP plans they offer.

  7. Where do SBI equity funds invest?

    SBI Equity Funds invest in listed companies across different sectors and market segments, including large-cap, mid-cap, and small-cap stocks. The allocation varies based on each fund’s investment objective and SEBI-defined category.

  8. Is SBI Equity Fund a good investment choice?

    Whether SBI Equity Fund is a good investment choice depends on multiple factors such as market conditions, fund performance, expense ratio, and the investor’s financial goals and risk tolerance.
    Disclaimer: However, investors need to understand the risks associated with these funds, do thorough research and consult a financial advisor before investing.

  9. What is the return of SBI equity fund?

    The return of a fund from SBI Mutual Fund depends on the specific scheme and its performance. Investors can check detailed returns of a particular SBI equity fund using tools like Tickertape Mutual Fund Screener.
    Disclaimer: Returns on SBI equity mutual funds are susceptible to market fluctuations and investors should not base their decisions on historical returns alone and consult a financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.