Looking for high-performing SBI equity funds in 2024? SBI Mutual Fund, India’s largest asset management company (AMC) by asset size, offers various mutual fund schemes tailored to investors’ financial goals. With assets under management (AUM) surpassing Rs 10 lakh crore, SBI Mutual Fund is a key player in the Indian mutual fund industry. The company’s extensive portfolio of over 120 funds caters to various risk-return profiles, allowing investors to choose funds that align with their financial objectives, risk appetite, and investment horizon. Discover the best-performing SBI Equity Funds for 2024.
As we move into 2025, analyzing the top-performing equity mutual funds from SBI Mutual Fund in 2024 is essential. This guide offers a comprehensive review of the 10 best equity funds that showcased strong returns and consistent performance over the past year.
SBI Long Term Advantage Fund Series V
- 1-year return: 47.23%
- Returns since launch: 17.78%
- Minimum investment: Rs 500
- Lock-in period: 3 years
- Launch date: March 27, 2018
- Benchmark: BSE 500 TRI
This tax-saving ELSS (Equity Linked Savings Scheme) is a popular option for long-term investors looking to benefit from tax savings under Section 80C and wealth creation. With an impressive 1-year return of 47.23%, it has become a favored choice for those looking for strong growth potential in a lock-in scheme.
SBI Healthcare Opportunities Fund
- 1-year return: 43.24%
- Returns since launch: 17.06%
- Minimum investment: Rs 5,000
- Lock-in period: NA
- Launch date: July 5, 1999
- Benchmark: BSE Healthcare TRI
This sectoral fund focuses on healthcare and pharmaceutical companies. It has gained momentum due to increased awareness and demand for healthcare services post-pandemic. Its robust 1-year return of 43.24% reflects the sector’s growth and the fund’s substantial selection of healthcare stocks.
SBI Nifty Next 50 ETF
- 1-year return: 41.16%
- Returns since launch: 15.55%
- Minimum investment: Rs 5,000
- Lock-in period: NA
- Launch date: March 16, 2015
- Benchmark: NIFTY Next 50 TRI
This ETF allows investors to gain exposure to the Nifty Next 50 index, offering diversification beyond the top 50 large-cap companies. The 1-year return of 41.16% highlights its strong performance in 2024, driven by mid-cap momentum.
SBI Nifty Next 50 Index Fund
- 1-year return: 40.15%
- Returns since launch: 20.90%
- Minimum investment: Rs 5,000
- Lock-in period: NA
- Launch date: May 19, 2021
- Benchmark: NIFTY Next 50 TRI
The SBI Nifty Next 50 Index Fund mirrors the Nifty Next 50 index. It’s a passively managed fund that offers investors a low-cost way to benefit from mid-cap growth. The fund’s 40.15% return in 2024 reflects the positive trajectory of the Nifty Next 50 index.
SBI PSU Fund
- 1-year return: 37.53%
- Returns since launch: 8.5%
- Minimum investment: Rs 5,000
- Lock-in period: NA
- Launch date: July 7, 2010
- Benchmark: BSE PSU TRI
This fund focuses on Public Sector Undertakings (PSUs) and has reaped significant gains from the revival of PSU stocks in 2024. The 1-year return of 37.53% was driven by better operational efficiency and higher profitability in key PSUs.
SBI Long Term Advantage Fund Series III
- 1-year return: 37.57%
- Returns since launch: 19.55%
- Minimum investment: Rs 500
- Lock-in period: 3 years
- Launch date: March 31, 2016
- Benchmark: BSE 500 TRI
This ELSS fund offers tax benefits under Section 80C and has demonstrated solid growth. With a return of 37.57% in 2024, it’s preferred for investors seeking tax savings and high returns.
SBI Long-Term Equity Fund
- 1-year return: 35.06%
- Returns since launch: 17.30%
- Minimum investment: Rs 500
- Lock-in period: 3 years
- Launch date: March 31, 1993
- Benchmark: BSE 500 TRI
One of the most established ELSS funds from SBI Mutual Fund, this fund’s track record of consistent returns makes it a long-term wealth creation option for investors looking to claim tax benefits.
SBI Long Term Advantage Fund Series I
- 1-year return: 34.72%
- Returns since launch: 16.49%
- Minimum investment: Rs 500
- Lock-in period: 3 years
- Launch date: February 6, 2015
- Benchmark: BSE 500 TRI
This series of ELSS funds is designed to help investors achieve tax savings and long-term wealth growth. It delivered a strong 34.72% return in 2024, driven by its exposure to growth-oriented large- and mid-cap stocks.
SBI BSE Sensex Next 50 ETF
- 1-year return: 34.51%
- Returns since launch: 18.67%
- Minimum investment: Rs 5,000
- Lock-in period: NA
- Launch date: September 17, 2018
- Benchmark: BSE Sensex Next 50 TRI
This ETF offers exposure to companies within the Sensex Next 50 index, providing investors with an opportunity to capitalize on large—and mid-cap growth.
SBI Technology Opportunities Fund
- 1-year return: 33.40%
- Returns since launch: 16.21%
- Minimum investment: Rs 5,000
- Lock-in period: NA
- Launch date: July 5, 1999
- Benchmark: BSE Teck TRI
The technology sector has been a strong growth driver in 2024, and this fund’s 33.40% return reflects its effective strategy. Focused on IT and technology-driven businesses, it offers exposure to an ever-growing industry.
Conclusion
While past performance does not guarantee future returns, these SBI Mutual Fund equity schemes have shown resilience and strong growth in 2024. Investors should assess their risk appetite and financial goals before making investment decisions. Sectoral, ELSS, and index funds from SBI Mutual Fund continue to offer lucrative opportunities for long-term wealth creation.