You are an investor in the SBI Mutual Fund, and there are you may have any queries regarding your portfolio. This article aims to assist you with resolving your question.
About SBI Mutual Fund:
State Bank of India, one of the biggest public sector banks in India, is the sponsor of the SBI Mutual Fund.
State Bank of India, the settlor, established SBI Mutual Fund (SBIMF) as a Trust on June 29, 1987, working with SBI Mutual Fund Trustee Company Private Limited.
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A renowned European asset management firm, AMUNDI Asset Management and State Bank of India (SBI), jointly own SBIFML.
A company formed under the Companies Act of 1956 is SBI Funds Management Private Limited, which is now called as “SBI Funds Management Limited (SBIFM)” as a result of its conversion from a private limited company to a public limited company (effective as of December 16, 2021).
As of March 31, 2022, the Company's AUM was 3,57,097 lakh, up from 2,57,460 lakh at the end of the previous year.
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Best SBI Mutual Fund Scheme
How to Cancel SBI SIP?
The option to cancel or stop SIP in various ways. Investors should be aware that SIP is a non-committal investment. No charges or fines can be assessed if an investor chooses to end the plan during the middle.
There are a various methods to end SIP on the online & Physically.
For more details on SBI SIP cancellation PDF download or online process
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SBI Mutual Fund Redemption
You can redeem SBI mutual fund units online or offline method. The redemption process can be completed anytime during the day using an easy way.
If you're already registered, log in to the SBI MF website.
- After logging in,
- Click Transact Now,
- then select Redemption option
- Select your folio number first
- then select scheme
- Select Value section
- click one option All unit or Specify amount
- Confirm Transaction
After completing transaction received email & sms for transaction confirmation.
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SBI Mutual Fund Redemption Process Download pdf
How I change nominee for SBI Mutual Fund?
Mutual Fund nomination refers to the appointment of a person to take responsibility for your investments in the fund following your passing away.
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The nominee's nomination will ensure that, after your death, your Mutual Fund holdings will be transferred to the nominee.
The preliminary information you must fill in on the form of nomination are:
You can add up to 3 nominees in SBI Mutual Fund folio and specify the percentage share that each nominee will receive in the event of your death.
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If you don't specify the percentage of your share, the Mutual Fund units will be equally distributed to all nominees named on the nomination form.
Capital Gain Statement
Every year, it is necessary to file an Income Tax Return, and in order to fulfill this requirement, you need to download a Capital Gain Statement.
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If you sell a unit, it is necessary to have a Capital Gain Statement. Otherwise, there is no need to check for it.
To facilitate this process, a separate post has been created for online capital gain statement downloads.
List of Active Bank for Net Banking facility
Activated the below banks for Lumpsum Investments using the Net-Banking Facility on Digital Platforms
Solution for Impacted Investor
Resident Individual can avail of UPI service for investment up to 2 lacs. if the investment amount is more than 2 lacs then they can place multiple transactions.
Transmission of Units
Transfer of Units is a method by which units owned by the unitholder who died are handed over to the nominee or the legal descendants or legal heirs of the unitholder who died, as the situation requires.
- Transmission Request Form for Transmission of Units in favour of the Nominee(s).
- Death Certificate of the deceased unitholder(s) in original OR photocopy duly attested by a Notary Public or a Gazetted Officer.
- Copy of Birth Certificate, in case the Nominee is a minor.
- Copy of PAN Card of the Nominee(s) / Guardian (in case the Nominee is a minor)
- KYC Acknowledgment OR KYC Form of the Nominee(s) / Guardian (where Nominee is a Minor)
- The Cancelled cheque with the Nominee’s name pre-printed OR Copy of the Nominee’s recent Bank Statement/Passbook (which cannot be more than 3 months old).
How to Update Email ID and Mobile number of SBI Mutual Fund
It is possible to change your mobile number & Email ID on SBI Mutual Fund online and also offline.
Login to your folio account online & “My Profile” section. User is given the option of changing the mobile no & email id.
Note: User will receive OTPs for both their email & mobile. Without OTP you can't update.
