History

• SBI mutual funds were started over twenty years ago. Since then they have built to an investor base of over 5.4 million people throughout the entire world. SBI mutual funds have come up with 38 different schemes to increase the wealth of their investors. Fifteen of those have paid off, increasing the holdings of their investors by a substantial amount. This is one of the highest success rates of any mutual fund. SBI has also branched out into an offshore fund called the Resurgent India Opportunities Fund.
  
  

Function

• The purpose of SBI mutual fund is to build the wealth of the investors. This is done through the different schemes that the bank comes up with. The SBI mutual fund has the same purposes as any other mutual fund. The idea is to grow the wealth of investors, in a safe and controlled environment. SBI mutual fund has been one of the best mutual funds to bring this about for investors, and almost always performs on a higher level than other mutual funds.
  
  

Considerations

• SBI mutual funds and bank have been the recipients of many prestigious awards for investment banking. These include: the ICRA Online Award, which it has received eight times; the Lipper Award which it received one time, and the CNBC TV-18 Crisil Award twice. They have also received five different awards for their successful schemes that they have enacted.
  
  

Theories/Speculation

• Theories as to why SBI bank and mutual funds are so successful are varied. It may be because they have an excellent staff of knowledgeable people that really know where to invest. It could also be because the Indian bank is not tied to the United State's economy. This is probably a large factor because the United State's economy is so unsteady now, but the SBI mutual funds still remain strong. SBI also provides one of the strongest research departments among all other mutual funds, which also aides in the reliability of the mutual funds and helps keep it strong through economic trials and downfalls.
  
  

Expert Insight

• SBI mutual funds are great funds to invest in. Someone looking for a stable fund that is sure to grow throughout the years will appreciate the stability and care that SBI mutual funds takes in investing their investor's money. They have many highly talented and professional managers. Mr. Achal K. Gupta, who is the managing director and executive officer, and Mr. Didier Turpin, who is the chief investment officer, keep SBI mutual funds one of the best run investment banks in the world.