SBI SIP Mutual Fund Details

Systematic investment plans are a systematic and disciplined approach to investment and wealth creation. Instead of making a large investment at one time, in SIP you can invest small sums at regular intervals thus creating a habit of regular savings. If you are a big spender and find your expenditures are more than your earnings then go for SIP mutual funds. This will force you to spend at least some part of your earnings every month. Mutual funds are a very safe way of investing money and SIP mutual funds are even better. These are perfect solutions to most of us who cannot afford to make a large investment at one go. This is a good way to save for your child's education, marriage or comfortable retirement for you and your spouse. The lowest start up investment amount is 500 rupees per month which is affordable by most people.

State Bank of India is one of the most trusted public sector banks in India. If you are a beginner in investment then SBI SIP plans may be good option for you. Here are some SBI SIP mutual funds available.

    Magnum Equity Fund - Minimum application of thousand rupees is needed and SIP is Rs. 500/month for 12 months.
    Magnum Tax Gain - Minimum application amount is Rs 500 and minimum SIP amount is Rs.500/month for12 months
    Magnum Index Fund - Minimum SIP amount is Rs.500/month for12 months
    Magnum Sector Funds Umbrella - Minimum investment amount is Rs. 2000 per sector and minimum SIP amount is Rs.500/month for12 months
    Magnum Global Fund - Minimum SIP amount is Rs.500/month for12 months
    Magnum Midcap Fund - Minimum SIP amount is Rs.500/month for12 months
    Magnum Mutlicap Fund - Minimum SIP amount is Rs.500/month for12 months
    Blue Chip Fund - Minimum investment - Rs. 5000 and in multiples of Rs. 1000