5 SBI Mutual Fund Schemes That Are Top Performers In 3-Years

Mutual funds have had a good run over the last 3-years, while the going has been slightly difficult over the last 1-year. Here are 5 mutual fund schemes from the SBI stable that have been the best performers over a 3-year period. Please note, we are just highlighting the performance of the schemes over 3 and 5 years and this should not be considered as an advisory to invest.

Name of scheme	3-year performance	5-year performance
SBI Contra Direct Plan, Growth	43.87%	15.26%
SBI Magnum Midcap, Direct, Growth	39.37%	13.14%
SBI Small Cap Fund, Direct, Growth	37.87%	15.08%
SBI Consumption Opportunities, Direct, Growth	34.04%	12.10%
SBI technology, Direct, Growth	34%	19.22%

The SBI Contra Direct Plan Growth has been one of the best performers over a 3-year period from the SBI stable. The fund has holdings in stocks like GAIL, ICICI Bank, HDFC Bank, Tech Mahindra, Axis Bank, Equitas Small Finance Bank etc. A large part of the mutual fund performance would be based on market movement. Should the markets move significantly higher from these levels, it is widely expected that the fund performance too would follow. The midcap and small cap funds from the SBI stable have also performed well. However, in these cases the risk would be higher given that mid and small cap stocks are more volatile.

The SBI Technology Fund also makes it to the list over a 3-year period, but, the problem right now is that technology stocks are seeing a good amount of selling pressure on fears of a recession risk. The US Fed has been hiking interest rates to tame inflation and this has led to technology stocks falling. Should a global recession be a reality, we would see technology stocks continue to fall over the short to medium term.

Disclaimer

The above-mentioned information is purely informational and highlights the best performing mutual funds from State Bank of India. Stock investments and mutual fund investments are subject to market risks. The article should be treated as informational and not an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.