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  5. SBI Mutual Fund: 5 top-performing schemes by 3-year and 5-year returns ahead of IPO

Personal Finance News

SBI Mutual Fund: 5 top-performing schemes by 3-year and 5-year returns ahead of IPO

rajeev kumar
By Rajeev Kumar

5 min read | Updated on July 13, 2026, 14:30 IST

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SUMMARY

The top five schemes include three thematic funds, one international fund of funds (FoF), and one gold fund. Popular equity fund categories such as large-cap, small-cap, flexi-cap, and mid-cap failed to make it to the top-five list.

top 5 sbi mutual fund schemes

SBI Mutual Fund's equity schemes account for an AUM of ₹9 lakh crore.

The much-awaited SBI Mutual Fund IPO is set to open for subscription on Tuesday, July 14, 2026. The AMC currently offers around 121 mutual fund schemes and manages assets worth nearly ₹13 lakh crore, according to ACE MF data. Of these, 58 are equity schemes, 44 are debt funds, and the remainder are hybrid and commodity funds. SBI Mutual Fund's equity schemes account for an AUM of ₹9 lakh crore, while its debt funds manage more than ₹2.7 lakh crore.
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Ahead of the IPO, we analysed the performance of all SBI Mutual Fund schemes that have a track record of at least five years and examined their returns over the three-year and five-year periods. This article lists the top five performers.

Before diving into the details, please keep the following points in mind. Also, note that this exercise is for educational and informational purposes only and is not intended as a recommendation to invest in any of the schemes mentioned below.

Key points

  • The top five schemes include three thematic funds, one international fund of funds (FoF), and one gold fund.

  • Popular equity fund categories such as large-cap, small-cap, flexi-cap, and mid-cap failed to make it to the top-five list. However, this does not mean these categories have fallen out of favour. Rather, recent market cycles have been more supportive of thematic, international, and gold-oriented strategies.

  • This analysis is based on return data provided by ACE MF as of July 10, 2026. However, mutual fund returns can change quickly with changing market conditions. This has been evident in the case of broader market-oriented schemes, which showed significantly higher returns a couple of years ago. Therefore, investors should not select a scheme solely based on recent or past performance.

  • Only direct plans have been considered in this list. Returns for regular and IDCW versions of a scheme are generally lower than its direct plan.

What are these funds?

The top-5 SBI Mutual Fund schemes based on 3-year and 5-year returns as of July 10, 2026, are the following:

Scheme3-year CAGR (%)5-year CAGR (%)
SBI Gold Fund33.1823.30
SBI US Specific Equity Active FoF27.9617.37
SBI PSU Fund27.3624.53
SBI Healthcare Opportunities Fund25.6117.69
SBI Infrastructure Fund18.1519.08
Source: ACE MF; data as of July 10, 2026
SBI Gold: The direct plan of this gold fund from SBI MF has generated 33.18% annualised returns in three years and 23.30% in five years. The scheme benefited from the massive gold rush in 2025, generating a 46.32% return in a year. However, the scheme's returns in the past 3 and six months have been lower at -4.34% and 4.15% respectively.

Managed by Viral Chhadva, the scheme seeks to provide returns that closely correspond to returns provided by SBI Gold Exchange Traded Scheme (SBI GETS).

SBI US Specific Equity Active FOF: The direct plan of this scheme has generated 27.96% annualised returns in three years and 17.37% in five years. The scheme's 3-year and 5-year returns are powered by its recent performance. Data shows this fund has generated 33.76% returns in one-year, 12.98% in 6 months and 9.49% in the past three months.

Managed by Rohit Shimpi, the scheme aims to provide long term capital appreciation by investing in units of one or more actively managed overseas equity oriented schemes predominantly investing in US markets.

SBI PSU Fund: The direct plan of this scheme has generated 27.36% annualised returns in three years and 24.53% in five years. However, these returns are not due to the recent performance of the scheme. Data shows this fund has seen low returns recently, generating 8.02% in one-year, 2.97% in 6 months, and -1.56% in the past three months.

Managed by Rohit Shimpi, the scheme aims to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings (and their subsidiaries), and in debt and money market instruments issued by PSUs and others.

SBI Healthcare Opportunities Fund: The direct plan of this scheme has generated 25.61% annualised returns in three years and 17.69% in five years. The scheme's 3-year and 5-year returns are powered by its recent performance. Data shows this fund has seen big returns in a year, generating 16.42% in one-year, 18.98% in 6 months and 18.09% in the past three months.

Managed by Tanmaya Desai, the scheme aims to provide investors with the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities in the healthcare space.

SBI Infrastructure Fund: The direct plan of this scheme has generated 18.15% annualised returns in three years and 19.08% in five years. The scheme generated only a 1.22% return in a year. However, it has seen decent returns of 8.27% and 6.42% over 3-month and 6-month durations.

Managed by Bhavin Vithlani, the scheme seeks to provide investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of equity stocks of companies directly or indirectly involved in the infrastructure growth in the Indian economy, and in debt & money market instruments.

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Disclaimer: The information contained in this article is for informational purposes only and does not represent investment advice from Upstox. Investment decisions should be made based on independent research or consultation with a registered financial advisor. Past performance is not indicative of future results.

About The Author

rajeev kumar
Rajeev Kumar is a Deputy Editor at Upstox, and covers personal finance stories. In over 11 years as a journalist, he has written over 2,000 articles on topics like income tax, mutual funds, credit cards, insurance, investing, savings, and pension. He has previously worked with organisations like 1% Club, The Financial Express, Zee Business and Hindustan Times.

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