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Edelweiss Asset Management AMC Limited comes within the Investment & Advisory Line of Edelweiss Group and is one of the fastest-growing AMC in India. It was set up on 23rd August 2007 and established in 2008, and for a decade it has delivered impressive returns. Edelweiss Financial Services Limited has been dealing with sponsorships regarding the Edelweiss Mutual fund, which is a substantial fiduciary branch operated under the Edelweiss Group. Edelweiss Asset Management AMC offers financial services and support to investors in the form of Asset Management, Wholesale Financing, Treasury Operations, Insurance Brokerage, Private Client Business, and Investment Banking. Edelweiss Asset Management AMC is one of the youngest and the fastest growing Mutual Fund Companies which aims to be innovative and globally renowned, since its inception. It provides a stable mutual fund platform to a diversified investor base that is spread across domestic and global geographies. Edelweiss Asset Management Limited manages a corpus under the management of Rs. 52414.5143 crores. (as of 31-Mar-2021) and has an AUM size of Rs. 52,415 Cr as of 31, Mar 2021, invested in over 104 schemes (28 equity, 92 debt, and 24 hybrid funds) with over 11 distribution centers across the country. World-class knowledge platforms and true-to-label products have helped the Edelweiss Asset Management AMC to generate a massive base of investor folios. It offers a wide range of mutual fund schemes across equity, debt, and hybrid categories along with exchange-traded funds and international fund of fund schemes. The AMC aims to render the best digital experience to its investors through cutting-edge technology and seamless innovation. Features of Edelweiss Mutual Funds AMC  It offers investment opportunities in mutual funds and services in Alternative Investment Solutions with a proficient risk-return gamut across domestic and international asset classes.  These funds provide a robust mutual fund platform with world-class knowledge platforms and true-to-label products. Through continuous innovation and cutting-edge technology, the company provides the best digital experience to its investors.  The team of experts comprises experienced professionals from the Financial Services industry who has rich experience in the field of financial markets and is highly qualified. A research-based and process-oriented investment approach is followed by the company, thus assisting investors, dealing with business partners, and deploying investors’ finances.  Important Information about Edelweiss Mutual Fund SponsorEdelweiss Financial Services LimitedTrusteeEdelweiss Trusteeship Company Limited (ETCL)Investment ManagerEdelweiss Asset Management LimitedStatutory DetailsEdelweiss Mutual Fund established - Indian Trusts Act, 1882.   AMC is registered with SEBI - Registration No. MF/057/08/02 on April 30, 2008. Date of Incorporation of AMC23 Aug 2007Date of set up of Mutual Fund30 Apr 2008Name(s) of SponsorEdelweiss Financial Services LimitedName of Trustee CompanyEdelweiss Trusteeship Company LimitedCEO / MDMs. Radhika GuptaCIOMr. Dhawal Dalal (D), Mr. Harshad Patwardhan (E)Compliance OfficerMs. Vijayalaxmi KhatriInvestor Service OfficerMr. Mayur JadhavAuditorsM/s Price Waterhouse, C. A. LLP (Edelweiss AMC) and M/s SR Baltiboi & Co LLP (ETCL & Mutual Fund Schemes)Quarterly AUM45909.31Registrar and Transfer AgentKFin Technologies Pvt Ltd.CustodianStandard Chartered BankAddressEdelweiss House Off. C.S.T Road, Kalina, Mumbai - 400 098 Registered Service Centre - 402, Third Eye 1 Near Panchvati Circle, C.G.Road, Ahmedabad-380006EDELWEISS mutual fund customer care number(022) 40933400, 079-44218800, and (022) 40933401 (fax)EmailEMFHelp@edelweissfin.com investor.amc@edelcap.com Top 10 performing Edelweiss Mutual Fund Schemes Edelweiss has mutual funds in almost all categories permitted by the Securities and Exchange Board of India or SEBI. Here is a list of the ten best-performing Edelweiss mutual fund schemes in India. 1. Edelweiss Arbitrage Fund (Hybrid - Arbitrage fund) The investment objective of the Scheme is to produce income by investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities are available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no guarantee that the investment objective of the scheme will be realized. The Edelweiss Arbitrage Fund, with a NAV of Rs. 15.1775 (as of 28th April 2021), is the top-performing fund in the Hybrid - Arbitrage fund category. This open-ended fund was launched on 27th June 2014 and has given trailing returns of 4.5% (2020) in one year (as of 26th April 2021) and 5.3%  for 3 years. The fund managers are Dhawal Dalal since 22 Dec 16 with a tenure of 4.27 years and Bhavesh Jain since 27 Jun 14 with a tenure of 6.77 years. Key Information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load0-30 Days (0.25%),30 Days and above (NIL)Return Since Inception (27th June 2014):6.3% (as of 26th April 2021)AssetsINR 3707 Crore (as of 31st March 2021)Expense Ratio1.09% (as of 31st March 2021) 2. Edelweiss Large and Mid-Cap Fund (Equity - Large & Mid Cap) The investment objective of the Scheme is to produce long-term capital appreciation from a diversified portfolio of predominantly Large Cap and Mid-Cap equity and equity-related securities. However, there is no guarantee that the investment objective of the scheme will be realized. The Edelweiss Large and Mid-Cap Fund, with a NAV of Rs. 43.265 (as of 28th April 2021), is the top-performing fund in the Equity - Large & Mid Cap category. This open-ended fund was launched on 14th June 2014 and has given trailing returns of 17% (2020) in one year (as of 26th April 2021) and 11.1% for 3 years. The fund manager is Harshad Patwardhan since 14th June 2007 with a tenure of 13.81 years. Key Information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 1000Exit Load0-12 Months (1%),12 Months and above (NIL)Return Since Inception (14th June 2014):11.1% (as of 26th April 2021)AssetsINR 697 Crore (as of 31st March 2021)Expense Ratio2.5 % (as of 31st March 2021) 3. Edelweiss Mid-Cap Fund (Equity - Mid Cap) The investment objective is to seek to generate long-term capital appreciation from a portfolio that predominantly invests in equity and equity-related securities of Mid Cap companies. However, there can be no guarantee that the investment objective of the Scheme will be realized. The Edelweiss Mid-Cap Fund, with a NAV of Rs. 14.038 (as of 28th April 2021), is the top-performing fund in the Equity - Mid Cap category. This open-ended fund was launched on 26th Dec 2007 and has given trailing returns of 26.4 % (2020) in one year (as of 26th April 2021) and 9.5 % for 3 years. The fund manager is Harshad Patwardhan since 26th Dec 2007 with a tenure of 13.27 years. Key Information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load0-12 Months (1%),12 Months and above (NIL)Return Since Inception (26th Dec 2007):11% (as of 26th April 2021)AssetsINR 1215 Crore (as of 31st March 2021)Expense Ratio2.28 % (as of 31st March 2021) 4. Edelweiss Europe Dynamic Equity Off-shore Fund (Equity - Global Cap) The primary investment objective of the Scheme is to seek to provide long-term capital growth by investing predominantly in the JPMorgan Funds - Europe Dynamic Fund, an equity fund that invests primarily in an aggressively managed portfolio of European companies. The Edelweiss Europe Dynamic Equity Off-shore Fund, with a NAV of Rs. 15.3248 (as of 28th April 2021), belongs to the Equity - Global category. This fund was launched on 14th June 2014 and has given trailing returns of 13.5% (2020) in one year (as of 26th April 2021) and 10.1% for 3 years. The fund managers are Bhavesh Jain since 9th April 2018 with a tenure of 2.98 years and Hardik Verma since 27th Sept 2019 with a tenure of 1.51 years. Key Information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 1000Exit Load0-12 Months (1%),12 Months and above (NIL)Return Since Inception (14th June 2014):6.1% (as of 26th April 2021)AssetsINR 42 Crore (as of 31st March 2021)Expense Ratio1.34 % (as of 31st March 2021) 5. Edelweiss Emerging Markets Opportunities Equity Off-shore Fund (Equity – Global Fund) The primary investment objective of the Scheme is to seek to provide long-term capital growth by investing predominantly in the JPMorgan Funds - Emerging Markets Opportunities Fund, an equity fund that invests primarily in an aggressively managed portfolio of emerging market companies. The Edelweiss Emerging Markets Opportunities Equity Off-shore Fund, with a NAV of Rs. 18.4791 (as of 28th April 2021), is in the Equity - Global category. This fund was launched on 7th July 2014 and has given trailing returns of 21.7 % (2020) in one year (as of 26th April 2021) and 13.8 % for 3 years. The fund managers are Bhavesh Jain since 9th April 2018 with a tenure of 2.98 years and Hardik Verma since 27th Sept 2019 with a tenure of 1.51 years. Key Information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 1000Exit Load0-1 Year (1%),1 year and above (NIL)Return Since Inception (7th July 2014):9.4 % (as of 26th April 2021)AssetsINR 84 Crore (as of 31st March 2021)Expense Ratio1.24 % (as of 31st March 2021)  6. Edelweiss ASEAN Equity Off-shore Fund (Equity – Global Fund) The primary investment objective of the Scheme is to provide long-term capital growth by investing predominantly in JPMorgan Funds – JF ASEAN Equity Fund, an equity fund that invests primarily in companies of countries that are members of the Association of Southeast Asian Nations (ASEAN). However, there can be no assurance that the investment objective of the Scheme will be realized. The Edelweiss ASEAN Equity Off-shore Fund, with a NAV of Rs. 23.2 (as of 28th April 2021), is in the Equity - Global category. This fund was launched on 1st July 2011 and has given trailing returns of 2.3 % (2020) in one year (as of 26th April 2021) and 3 % for 3 years. The fund managers are Bhavesh Jain since 9th April 2018 with a tenure of 2.98 years and Hardik Verma since 27th Sept 2019 with a tenure of 1.51 years. Key Information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 1000Exit Load0-12 Months (1%),12 Months and above(NIL)Return Since Inception (1st July 2011):8.9 % (as of 26th April 2021)AssetsINR 58 Crore (as of 31st March 2021)Expense Ratio1.42 % (as of 31st March 2021) 7. Edelweiss Large Cap Fund (Equity - Large Cap) The investment objective is to seek to generate long-term capital appreciation from a portfolio predominantly consisting of equity and equity-related securities of the 100 largest corporate by market capitalization listed in India. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns. The Edelweiss Large Cap Fund, with a NAV of Rs. 46.42 (as of 28th April 2021), is an Equity - Large Cap category fund. This fund was launched on 20th May 2009 and has given trailing returns of 17.3 % (2020) in one year (as of 26th April 2021) and 10.8% for 3 years. The fund managers are Bharat Lahoti since 2nd May 2017 with a tenure of 3.92 years and Hardik Verma since 11th Nov 2019 with a tenure of 1.39 years. Key information Minimum InvestmentINR 1,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1000Exit Load0-365 Days (1%),365 Days and above (NIL)Return Since Inception (20th May 2009):13.7 % (as of 26th April 2021)AssetsINR 232 Crore (as of 31st March 2021)Expense Ratio1.89 % (as of 31st March 2021) 8. Edelweiss Long Term Equity Fund (Equity - ELSS) The primary objective of the scheme is to generate long-term capital appreciation with an option of periodic pay-outs at the end of lock-in periods from a portfolio that invests predominantly in equity and equity-related instruments. The Edelweiss Long Term Equity Fund, with a NAV of Rs. 59.22 (as of 28th April 2021), is an Equity - ELSS category fund. This open-ended fund was launched on 30th Dec 2008 and has given trailing returns of 13.7 % (2020) in one year (as of 26th April 2021) and 7.5 % for 3 years. The fund managers are Harsh Kothari since 30th April 2019 with a tenure of 1.92 years and Pratik Dharmshi since 30th April 2019 with a tenure of 1.92 years. Key information Minimum InvestmentINR 500Minimum Additional Investment INR 500Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit LoadNILReturn Since Inception (30th Dec 2008):15.5 % (as of 26th April 2021)AssetsINR 165 Crore (as of 31st March 2021)Expense Ratio2.39 % (as of 31st March 2021) 9. Edelweiss Balanced Advantage Fund (Hybrid - Dynamic Allocation fund) The primary objective of the scheme will be to generate absolute returns with low volatility over a longer tenure of time. The scheme will invest in arbitrage opportunities, equity derivative strategies, pure equity investments, and the balance in debt and money market instruments. The Scheme proposes to allocate assets to both equity and debt markets based on the market view. However, there is no assurance that the investment objective of the scheme will be realized. The Edelweiss Balanced Advantage Fund, with a NAV of Rs. 31.79 (as of 28th April 2021), is a Hybrid-Dynamic Allocation fund. This fund was launched on 20th August 2009 and has given trailing returns of 22.6% (2020) in one year (as of 26th April 2021) and 11.6% for 3 years. Key information Minimum InvestmentINR 1,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load0-365 Days (1%),365 Days and above(NIL)Return Since Inception (20th August 2009):10.4 % (as of 26th April 2021)AssetsINR 3315 Crore (as of 31st March 2021)Expense Ratio2.33 % (as of 31st March 2021) 10. Edelweiss Banking and PSU Debt Fund (Debt - Banking & PSU Debt fund) The investment objective of the Scheme is to generate returns commensurate with the risks of investing in a portfolio of Debt Securities and Money Market Instruments issued by Banks, Public Sector Undertakings, Public Financial Institutions, entities majorly owned by Central and State Governments, and Municipal Bonds. However, there can be no assurance that the investment objective of the scheme will be realized. The Edelweiss Banking and PSU Debt Fund, with a NAV of Rs 19.1633 (as of 28th April 2021), is a Debt - Banking & PSU Debt fund. This fund was launched on 13th Sept 2013 and has given trailing returns of 12.9% (2020) in one year (as of 26th April 2021) and 10.2% for 3 years. Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load0-12 Months (1%),12 Months and above (NIL)Return Since Inception (13th Sept 2013):8.9 % (as of 26th April 2021)AssetsINR 462 Crore (as of 31st March 2021)Expense Ratio0.55 % (as of 31st March 2021) Using the Edelweiss Mutual Fund Calculator  The mutual fund calculator of Edelweiss helps you estimate the returns which can be expected from the invested capital. The exact amount cannot be guaranteed, but an estimated amount can be calculated using the Edelweiss mutual fund calculator for both Lumpsum and Edelweiss mutual fund SIP payments to get an appropriate view of the Edelweiss mutual fund statement. Save Tax by investing in Tax Saving Mutual Funds from Edelweiss Mutual Fund Investors can save tax payments and claim tax benefits under Section 80C of the Income Tax Act by investing in certain tax-saving mutual funds offered by Edelweiss Mutual Funds. The tax-saving mutual funds offered by Edelweiss AMC are: Edelweiss Long-Term Equity Fund (Tax Savings) Edelweiss Tax Advantage Fund How to invest in Edelweiss Mutual Funds Online? To invest in Edelweiss Mutual Funds online, the investor can visit the official website of Edelweiss, AMC or he can log in to EduFund and follow the instructions on the site. EduFund is a renowned portal that is registered with AMFI, BSE, and SEBI with zero fees to sign up. He will be required to fill in the required details, after which the payments will have to be authorized to complete the process. It is a simple, convenient, and easy process through EduFund to invest in some of the most profitable Edelweiss Mutual Fund Schemes, which involves a hassle-free process. Let us look at the details of the process: Step 1: The first step is to log in using your Edelweiss mutual fund login Id or your EduFund account. If the applicant does not own an account, he can create a username and password by registering on both the official website and EduFund. Step 2: The second step is for the applicant to select the mutual fund he is interested in investing in, identify the duration of investment and apply it accordingly on the portal. He should scan and upload identification documents and proofs. Step 3: Further, the applicant must upload his address proof using any legal document that carries the permanent address of the investor. Step 4: Next, the risk undertaking should be determined, whether the applicant wants to opt for low, medium, or high-risk investment and the kind of mutual fund he would like to invest in – Equity, Debt, or International Step 5: The individual has the option to go for a one-time investment or installment. If he wishes to pay the investment amount in a lump sum, he should select the “Invest One Time” button; else can click on the “Start SIP” to enable investment which allows monthly/quarterly/bi-annual, or annual payments. Step 6: After the payment is made, the mutual fund will be processed and will reflect in the investor’s account within 3-5 working days. Who is eligible for Edelweiss Mutual Funds? Here are the investors who can invest in Edelweiss Mutual Funds: Resident individuals Lawful guardians or parents in case of investment on behalf of minors NRIs Documents required for Edelweiss Mutual Funds Here are the documents you will require to invest in Edelweiss Mutual Funds: Application form Address proof Identity proof KYC documents Passport Size Photograph Third-party declaration form - for investment on behalf of a minor Why choose Edelweiss Mutual Funds using EduFund? Edelweiss is a brilliant option for investors as it lets them plan for long and short-term financial goals by investing in high-quality mutual funds with the best investment management services provided by the AMC. It also helps in evaluating the risk appetite of investors, which is diligently planned and recommended by the efficient, professional asset management team. The company offers a wide variety of funds that the investor can leisurely choose irrespective of his risk appetite. The company is one of the fastest-growing AMCs in the mutual fund sector, and it has many benefits when taken through EduFund like: Edelweiss Mutual Funds are regulated by SEBI and are considered extremely secure and safe investment options. These funds save the Investor from fraudulent activities by the mutual fund companies If the securities are held for more than a year, then the dividends that are earned can be tax-free Since Mutual funds are liquidated within 3 days with the option of some getting liquidated overnight, these are highly lucrative. Investing and redemption in Edelweiss Mutual Fund is a very convenient, easy, and hassle-free task The investor can expect a beneficial rate of return as there is no compromise on the risk part Portfolio, which is duly maintained by the Edelweiss Mutual Funds. An investor can opt for a lump-sum payment or opt for Systematic Investment Planning through which he can save some of his monthly income by investing in SIPs or mutual funds. This helps him to make more money in the long term for his future goals Edelweiss Mutual Funds publishes the report timely, believing in complete transparency, and it is made possible for the investor to view the portfolio anytime. Popular fund managers of Edelweiss Asset Management Company 1. Harshad Patwardhan - Chief Investment Officer- Equities at Edelweiss Asset Management. Mr. Patwardhan has 25 years of experience in various capacities. Before he joined Edelweiss, he was the Executive Director and Head of Equities at JP Morgan Asset Management India. He became the CIO when Edelweiss acquired the schemes of JP Morgan in 2016. Academically, he has done his B.Tech from IIT Mumbai and MBA in Finance from IIM – Lucknow. He has also completed his CFA from the CFA Institute. He manages 12 funds at Edelweiss AMC. 2. Radhika Gupta - the Chief Executive Officer of Edelweiss Asset Management Radhika Gupta is the CEO of AMC, who has strategically managed the myriad of mutual funds offered by AMC. She was a student at the University of Pennsylvania and has been an asset management professional for a long time. 3. Dhawal Dalal – Chief Investment Officer- Debt at Edelweiss Asset Management.  Dalal has an industry experience of more than 20 years, and he began his career in 1996 as a research associate at Merrill Lynch Asset Management. Then he joined DSP BlackRock Mutual Fund and worked there for 18 years. Then he joined Edelweiss Mutual Funds and has been working for more than 3 years now and has worked on more than 35 schemes on his own. He has completed his MBA from the University of Dallas in Banking, Corporate Finance, and Securities. He also finished his BE in Mechanical Engineering from LD College of Engineering in Ahmedabad. 4. Niranjan Awasthi Niranjan Awasthi heads the product and marketing team of Edelweiss’s investments and has more than 13 years of professional experience in the finance industry. He takes wise strategic decisions and scrutinizes and analyses the various macroeconomic and latest market trends for the betterment of the AMC and the investors. 5. Nalin Moniz - Chief Investment Officer- Alternative Equities at Edelweiss Asset Management Nalin graduated from the Jerome Fisher Program in Management and Technology at the reputed University of Pennsylvania. He also holds joint degrees in Computer Science and Economics from Moore School and Whir ton School, respectively. Mr. Moniz started his career as a Portfolio Manager for Goldman Sachs Asset Management, after which he started his alternative asset management firm in India by the name of Forefront Capital Management. Mr. Moniz pioneers the portfolio management and research wing of Alternative Equities at Edelweiss, and he also played a stellar role in helping Edelweiss acquire Ambit Capital’s s AIF wing in 2016.   6. George Bose - Head of Operations of Edelweiss AMC George Bose has professional experience of more than 15 years, and he looks after Settlement, the proper functioning of Banking, and Fund Accounting of the AMC. He joined Edelweiss in the year 2010. 7. Pranav Parikh - Chief Invest Officer- Private Equity at Edelweiss Asset Management.   Pranav Parikh has nearly 20 years of experience in both the Indian and American economies. In the dot-com bubble burst between 1999 and 2003 and the 2008 global financial crisis, Mr. Parikh was among the very few dedicated Fund Managers to have generated positive returns during the above-mentioned two of the most catastrophic economic cycles. During that period, he was working as the Portfolio Manager at Q Investments in Texas and the Managing Director of the Indian wing during the latter. Then he joined Fountainhead Ventures as a Managing Director till 2015, after which he took up his current position at Edelweiss Mutual Funds. He has well managed the Private Equity and Venture Capital sections at Edelweiss, and he is one of the driving forces behind the success of Edelweiss AMC. 8. Vijayalaxmi Khatri Vijayalaxmi Khatri caters to several functions related to the asset management of Edelweiss, whether it is secretarial, compliance, legal, or risk functions. She is a mutual fund professional for the past 15 years and has set up a strong and strategic risk management system for the AMC. 9. Gautam Kaul Gautam Kaul has an experience of more than 20 years and is a designated Fund Manager for Fixed Income at Edelweiss Asset Management. He has experience working at multiple leading AMCs. He has completed his MBA in Finance from Savitribai Phule Pune University. He started his career at Mata Securities in 2001 and then joined Sahara India Mutual Fund, where he worked for 1 year. After he left that, he moved on to Lotus India Asset Management Company. Again, after working for 2 years there, he joined Relegate Asset Management Company, and finally, after 7 years, he joined IDBI Asset Management Ltd. He finally joined Edelweiss Mutual Fund AMC after he left IDBI in 2016, and now he is managing 54 schemes. Other efficient Fund Managers in Edelweiss Mutual Funds AMC are: Nilesh Saha Harsh Kothari Pratik Dharmshi Select EduFund for investing in EDELWEISS Mutual Fund EduFund makes the process of investing in EDELWEISS mutual funds convenient. EduFund's experienced consultants give you customized solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably. With EduFund, you get the following benefits: Customized Research-Based Financial Plan - EduFund’s scientific fund tracker screens over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds. Customer-Friendly Counsellors Help You Create a Financial Plan - EduFund's counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan. Invest Less, Earn More - Not only the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds. Use Free Tools - EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc. No Technical Expertise Required - You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you. Value-Added Benefits - You may get value-added benefits like no commission, free advisory, and nil-hidden charges. Secure Transactions - EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions. Special Support for Children's Education - EduFund has a dedicated team of experts who help you fulfill your children's educational goals. FAQs What are some top Edelweiss Mutual Fund schemes? Some of the top-performing Edelweiss Mutual Fund schemes are Edelweiss Arbitrage Fund (Hybrid – Arbitrage fund), Edelweiss Large and Mid-Cap Fund (Equity – Large & Mid Cap), Edelweiss Mid-Cap Fund (Equity – Mid Cap), Edelweiss Europe Dynamic Equity Off-shore Fund (Equity – Global Cap), etc. Can I invest in Edelweiss Mutual Funds online? Yes, interested investors can simply download the EduFund App, then create an investor account and explore their options. Once they find themselves interested in an Edelweiss Mutual Fund scheme, they can start investing. Investors can also visit the official website of Edelweiss AMC and start an investment. Am I eligible to invest in Edelweiss Mutual Funds? If you are a resident individual, a lawful guardian or a parent (if the investment is being made on behalf of a minor), or an NRI, you're eligible to invest in Edelweiss Mutual Funds.

Quantum Mutual Fund's sponsor is Quantum Advisors Private Company, an institutional equity research firm founded by Mr. Ajit Dayal in January 1990. Quantum Advisors is also the first institutional equity research firm in India. The firm played a pioneering role in introducing qualitative, quantitative, and analytical approaches to India's stock market investments. Quantum Advisors devised a strategy that evaluated valuation metrics to identify investment opportunities in the resurgent Indian stock market. The firm provided investment advice to various renowned institutions and famous investors like Jardine Fleming (whose investments in the Indian stock market exceed US$ 1 billion), Walden Nikko India Ventures Fund, Prolific India Opportunities Fund, and Hansberger Global Investors, Inc. Over time, the firm expanded its business and evolved as an asset manager and investment advisor, managing equities, debt, fixed income, and real estate. In December 2005, Mr. Dayal got the license for Quantum Asset Management Company Private Limited or Quantum AMC, the asset manager of Quantum Mutual Fund. It is the 29th mutual fund company in India. The company functions as a trust as per the provisions of the Indian Trusts Act, of 1882. At present, the AMC manages ten funds across fund categories like equity, debt, commodity, and fund of funds. The timeline for launching each of the ten funds is as follows: March 2006 - Quantum Long Term Equity Fund (later renamed to Quantum Long Term Equity Value Fund) April 2006 - Quantum Liquid Fund February 2008 - Quantum Gold Fund ETF  July 2008 - Quantum Index Fund ETF (later renamed to Quantum NIFTY ETF) December 2008 - Quantum Tax Saving Fund July 2009 - Quantum Equity Fund of Funds May 2011 - Quantum Gold Savings Fund July 2012 - Quantum Multi Asset Fund of Funds (later renamed to Quantum Multi Asset Fund of Funds) May 2015 - Quantum Dynamic Bond Fund July 2019 - Quantum India ESG Equity Fund Quantum AMC was perhaps the only such financial institution in India to have increased their employees' salaries by 15% during the early lockdown period, on the condition that they would give half of the extra money to someone who lost their income due to the economic disruption. In the financial year 2005-06, Quantum AMC had an Asset Under Management (AUM) of INR 11.26 Crore, and the total folios were 798. The figure has steadily grown ever since. And in the financial year 2019-20, the AUM increased to INR 1,119.24 Crore and the number of folios to 69,100. From the financial year 2005-06 to 2016-17, the AMC did not spend anything on distributor commission, as it was a direct-to-investor mutual fund. Important information about Quantum Mutual Fund Mutual Fund NameQuantum Mutual FundEstablished2nd December 2005Date of Incorporation19th September 2005TrusteeQuantum Trustee Company Private Limited 7th Floor,Hoechst House, Nariman Point,Mumbai - 400 021Tel. No.: 022-6144 7800SponsorQuantum Advisors Private Limited Registered Office:6th Floor, Hoechst House,Nariman Point,Mumbai - 400 021Board of Directors, Trustee CompanyMr Surjit Banga, Director  Mr Kaiwan Kalyaniwalla, Director Mr Subramanian Ganapathy, Director Ms Nalini Kak, DirectorBoard of Directors, AMCMr Jimmy A Patel, Managing Director & CEO Mr S.R. Balasubramanian, DirectorMr I. V. Subramaniam, Director Mr Kamal Pande, Director Ms Uma Mandavgane, DirectorRegistered AddressQuantum Mutual Fund7th Floor, Hoechst House, Nariman Point, Mumbai - 400021, IndiaMr. Jimmy PatelMr. Malay VoraManaging Director & CEO, Quantum Asset Management Company Pvt. Ltd.Mrs. Meera ShettyPhone and Fax Toll-Free No.:1800-209-3863 / 1800-22-3863, Telephone No.:91-22-61447800, Toll-Free Fax no.:1800-22-3864 EmailCustomercare@QuantumAMC.comWebsite www.QuantumAMC.com / www.QuantumMF.com Compliance OfficerMrs. Meera ShettyInvestor Service OfficerMrs Meera ShettyRegistrar and Transfer AgentKarvy Fintech Private LimitedUnit: Quantum Mutual FundKarvy Selenium Tower-B,Plot No. 31&32, Financial District,Nanakramguda Serilingampally Mandal,Hyderabad - 500032CustodianDeutsche Bank AGNirlon Knowledge Park, Block 1,4th Floor, Western ExpressHighwayGoregaon (East), Mumbai – 400 063Main BankersHDFC Bank LimitedManecji Wadia Bldg., Gr. Floor,Nanik Motwani Marg, Fort, Mumbai – 400 023. Deutsche Bank AGNirlon Knowledge Park, Block 1, 4th Floor, WesternExpressHighwayGoregaon (East), Mumbai – 400 063Statutory AuditorsM/s. S. R. Batliboi & Co. LLP14th Floor, The Ruby, 29,Senapati Bapat Marg,Dadar (West),Mumbai - 400028 Six top-performing Quantum Mutual Fund Schemes 1. Quantum India ESG Equity Fund (Category - Equity: Thematic - ESG) The Quantum India ESG Equity Fund, with a NAV of 14.3300 (Regular Growth) (as of 15th April 2021), is one of the top-performing funds in the 'Equity: Thematic - ESG' category. This open-ended fund was launched on 12th July 2019 and has given trailing returns of 69.79% in one year (as of 15th April 2021). The fund considers the NIFTY 100 ESG TRI as its benchmark.  Key Information Minimum InvestmentINR 500Minimum Additional InvestmentINR 500Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load1% for withdrawals before 365 daysReturn Since Inception (12th July 2019 ):INR 38 Crore (as of 31st March 2021)Assets1.65% (as on 28th February 2021)Expense Ratio1.65% (as of 28th February 2021) Invest Now 2. Quantum Long-Term Equity Value Fund (Category - Equity: Value Oriented) The Quantum Long Term Equity Value Fund, with a NAV of 65.1200 (Regular Growth) (as of 15th April 2021), is one of the best-performing funds in the 'Equity: Value Oriented' category. This open-ended fund was launched on 1st April 2017 and has given trailing returns of 66.89% in one year (as of 15th April 2021). The fund considers the S&P BSE 2000 TRI as its benchmark.  Key Information Minimum InvestmentINR 500Minimum Additional InvestmentINR 500Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load2% for withdrawals before 365 days and 1% for withdrawals between 366 and 730 daysReturn Since Inception (1st April 2017):13.00% (as of 15th April 2021)Assets13.00% (as on 15th April 2021)Expense Ratio1.79% (as of 28th February 2021) Invest Now 3. Quantum Nifty ETF (Category - Equity: Large Cap) The Quantum Nifty ETF, with a NAV of 149.3135 (Regular Growth) (as of 15th April 2021), is the best fund in the 'Equity: Large Cap category. This open-ended fund was launched on 10th July 2008 and has given trailing returns of 64.72% in one year (as of 15th April 2021). The fund considers the NIFTY 50 TRI as its benchmark.  Key Information Minimum InvestmentINR 500Minimum Additional InvestmentINR 500Minimum SIP Investment-Minimum WithdrawalINR 500Exit LoadNilReturn Since Inception (10th July 2008):0.09% (as on 28th February 2021)Assets0.09% (as of 28th February 2021)Expense Ratio11.59% (as of 15th April 2021) Invest Now 4. Quantum Equity Fund of Funds (Category - Equity: Flexi Cap) The Quantum Equity Fund of Funds, with a NAV of 44.0450 (Regular Growth) (as of 15th April 2021), is one of the top-performing funds in the 'Equity: Flexi Cap category. This open-ended fund was launched on 1st April 2017 and has given trailing returns of 56.01% in one year (as of 15th April 2021). The fund considers the S&P BSE 200 TRI as its benchmark.  Key Information Minimum InvestmentINR 500Minimum Additional InvestmentINR 500Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load1% for withdrawals before 365 daysReturn Since Inception (1st April 2017):0.75% (as of 28th February 2021)AssetsINR 62 Crore (as of 31st March 2021)Expense Ratio0.75% (as on 28th February 2021) Invest Now 5. Quantum Multi Asset Fund of Funds (Category - Hybrid: Multi Asset Allocation) The Quantum Multi Asset Fund of Funds, with a NAV of 21.9742 (Regular Growth) (as of 15th April 2021), is the top-performing fund in the 'Hybrid: Multi-Asset Allocation' category. This open-ended fund was launched on 1st April 2017 and has given trailing returns of 19.70% in one year (as of 15th April 2021). The fund considers the CRISIL Composite Bond TRI, S&P BSE Sensex TRI, and the Domestic Price of Gold as its benchmark.  Key Information Minimum InvestmentINR 500Minimum Additional InvestmentINR 500Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit Load1% for withdrawals before 90 daysReturn Since Inception (1st April 2017):9.34% (as of 15th April 2021)AssetsINR 33 Crore (as of 31st March 2021)Expense RatioINR 33 Crore (as on 31st March 2021) Invest Now 6. Quantum Tax Saving Fund (Category - Equity: ELSS) The Quantum Tax Saving Fund, with a NAV of 149.3135 (Regular Growth) (as of 15th April 2021), is one the best-performing funds in the 'Equity: ELSS' category. This open-ended fund was launched on 1st April 2017 and has given trailing returns of 66.16% in one year (as of 15th April 2021). The fund considers the S&P BSE 200 TRI as its benchmark.  Key Information Minimum InvestmentINR 500Minimum Additional InvestmentINR 500Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit LoadNil (Lock-in period - 3 years)Return Since Inception (1st April 2017):1.79% (as of 28th February 2021)Assets1.79% (as of 28th February, 2021)Expense RatioINR 89 Crore (as of 31st March, 2021) Invest Now How can you invest in Quantum Mutual Fund Via EduFund? EduFund provides you with a simple interface to invest in one or more Quantum mutual fund schemes and reap rich dividends. You can invest in a growth scheme or dividend scheme. The growth scheme does not pay any dividends. Any dividend paid by a company in the fund's portfolio is adjusted in the NAV. In contrast, if you choose the dividend option, you can get extra income when the company pays a dividend. The following are the steps you can take to invest in a Quantum Mutual Fund scheme: Step 1 - Download the EduFund App from Google Play Store or Apple App Store. Step 2 - Create an account on EduFund by entering details like name, mobile phone number, email address, etc.  Step 3 - Browse all Quantum Mutual Fund schemes and choose the suitable scheme suiting your financial goals. EduFund provides the option to invest a lump sum or open a SIP (Systematic Investment Plan) account.  Step 4 - At any point, you may take free advice from an expert mutual fund counselor for free. The counselor will ask you questions concerning your financial goals and suggest a suitable scheme for you. Step 5 - Once you invest in a scheme, EduFund will give you access to your personalized mutual fund account. You can also invest in other mutual fund schemes that generate high returns. Moreover, you can track your portfolio, view the account balance and NAV, download account statements, buy or sell mutual fund units, and do other things.  Step 6 - You are ready to experience safe and secure investing. EduFund uses top-class security parameters and authentication technologies to ensure safe transactions. Five best-performing fund managers at UTI Mutual Fund The fund manager is a key resource person whose timely actions determine the fund's growth. Quantum Mutual Fund's managers are some of the best in the industry and have consistently delivered inflation and benchmark-beating returns to its clients. Top five fund managers are Quantum Mutual Fund: 1. Mr. Nilesh Shetty Mr. Nilesh Shetty, Fund Manager, Quantum Asset Management Company Private Limited, joined the company in December 2009. He joined the AMC as a Senior Manager and was promoted to the position of Associate Fund Manager in April 2011. In September 2020, he was appointed as a fund manager. He is currently working as the Co-Fund Manager - Equity at Quantum AMC. Before joining Quantum AMC, he served Edelweiss Securities Ltd. as the Manager of Research, Pranav Securities Private Limited as the Senior Manager of Research, and ICICI Bank as Officer, RCLG. Mr. Shetty's educational qualifications include a Master in Management Studies (Finance) (Mumbai University), CFA (CFA Institute), CGMA (The Chartered Institute of Management Accountants), and CPA - Accounting, and Finance (Association of International Certified Professional Accountants). He manages the Quantum Long Term Equity Value Fund and Quantum Multi Asset Fund of Funds.  2. Mr. Pankaj Pathak Mr Pankaj Pathak, Fund Manager, of Quantum Asset Management Company Private Limited, joined the company in August 2013 as Senior Manager - Fixed Income and was promoted to Fund Manager - Fixed Income in March 2017. Before joining Quantum AMC, he worked with the Bank of Maharashtra as Senior Manager - Foreign Exchange. He has over 12 years of experience in Investment, Treasury, Capital Markets, and Trading. His specialties include Portfolio Management, Financial and Economic Research, Securities Analysis, Investments, and Funds and Liquidity Management. Mr. Pathak did B.Sc. in Electronics (University of Lucknow), Post Graduate Diploma in Banking & Finance (National Institute of Bank Management, Pune), and CFA, Investments, and Securities (CFA Institute, USA). He also possesses the CAIIB (Treasury Management) certification from the Indian Institute of Banking & Finance. He manages the Quantum Dynamic Bond Fund and Quantum Liquid Fund for Quantum AMC.  3. Mr. Chirag Mehta Mr. Chirag Mehta, Senior Fund Manager - Alternative Investments, Quantum Asset Management Company Private Limited, joined the company in February 2006. In 2017, Citywire chose him as the fourth (4th) best Fund Manager globally under forty (40).  He has over eighteen (18) years of experience in Investments, Alternative Investments, Portfolio Management, Research, Asset Management, Capital Markets, and Commodity Markets. Mr. Mehta's educational qualifications include a Master in Management Studies (Finance) (Mumbai University) and Chartered Alternative Investment Analyst, Alternative Investments. He looks after five funds, including Quantum Gold Fund, Quantum Equity Fund of Funds, Quantum India ESG Equity Fund, and Quantum Multi Asset Fund.  4. Mr. Sorbh Gupta Mr. Sorbh Gupta, Co-Fund Manager - Equity, Quantum Asset Management Company Private Limited, joined the company in March 2011. Before joining Quantum AMC, he worked with Narotam Sekhsaria Family Office as a Senior Equity Analyst and Pranav Securities Private Limited as an Investment Analyst. His educational qualifications include CA, Accounting, and Finance (The Institute of Chartered Accountants of India) and CFA (CFA Institute, USA). He manages Quantum Tax Saving Fund and Quantum Long Term Equity Value Fund.  5. Ms. Sneha Joshi Ms. Sneha Joshi, Associate Fund Manager - Alternative Investment, Quantum Asset Management Company Private Limited, joined the company in August 2015 as a Quantitative and Credit Analyst. In May 2017, she got promoted to Sr. Quantitative and Credit Analyst, and since January 2019, she has been working in her current position. She has over nine (9) years of experience in quantitative modeling, insights modeling using R and Python, fixed-income research, data science, economic research, ETFs, and asset allocation. Before joining Quantum AMC, she worked as an Economic Analyst at Credit Capital Research. She also worked as an Intern at NABARD. She did her schooling at Modern High School Pune and Fergusson College. Subsequently, she did B.A. Economics (Fergusson College), Post Graduate Diploma in Foreign Trade, International Business/Trade/Commerce (University of Pune), M.A. Economics (Gokhale Institute of Politics and Economics), and Ph.D. Economics (Gokhale Institute of Politics and Economics). She has also done various certification courses from Coursera. She manages the Quantum India ESG Equity Regular Growth Fund.  Why should you invest in Quantum Mutual Fund? Quantum mutual fund is one of the newest AMCs in India. It provides investment solutions for investors' financial goals like wealth creation, vacation, child's education, child's marriage, and retirement. Whether you want long-term growth or short-term capital appreciation, Quantum Mutual Fund has a scheme suiting your requirements. Since 2006, most of its funds have consistently beaten the benchmark. Hence, you should invest in a scheme offered by Quantum Mutual Fund if you are a patient investor willing to profit from the opportunities in capital and commodity markets.  Select EduFund for investing in Quantum Mutual Fund  With EduFund at your fingertips, you can conveniently invest in one or multiple Quantum mutual fund schemes from the convenience of your office or home. You can also get personalized guidance from EduFund's seasoned mutual fund counselors, who assist you in choosing the best fund. EduFund provides you with a top-class recommendation engine that browses more than one lakh data points and 400 financial situations to recommend the best plan for you. You can start your investment journey by investing as little as INR 500 every month.  In addition to Indian funds, EduFund also offers you the facility to invest in international mutual funds and US Dollar ETFs. You may use several free tools like College Savings Calculator, SIP Calculator, etc., to calculate the amount you need to save every month for reaching your financial goals. EduFund is RIA-registered, and its world-class 128-SSL security safeguards your investments like a bank.  FAQs What are some top Quantum Mutual Fund schemes? Some of the top-performing Quantum Mutual Fund schemes are Quantum India ESG Equity Fund (Category – Equity: Thematic – ESG), Quantum Long-Term Equity Value Fund (Category – Equity: Value Oriented), Quantum Nifty ETF (Category – Equity: Large Cap), Quantum Equity Fund of Funds (Category – Equity: Flexi Cap), etc. Can I invest in Quantum Mutual Funds online? Yes, you can invest in Quantum Mutual Funds online through the EduFund App. Just download the app, create an investor account, explore your options, finalize one, and begin investing. Is investing in Quantum Mutual Funds a good decision? Whether you want long-term growth or short-term capital appreciation, Quantum Mutual Fund has a scheme suiting your requirements. Since 2006, most of its funds have consistently beaten the benchmark.

The LIC Mutual Fund was incorporated in 1994 and started operating in the same year. Relatively, the fund is not large-sized, but it is certainly very stable and capable of providing constant returns over the past few years. Its great USP is that despite its small size, the LIC Mutual Fund provides a plethora of different investment schemes. The total assets under management of the LIC Mutual Fund have a value of 16,906 Cr as of 1 March 2021. The fund provides options for wealth creation, tax saving, regular savings, and the education of your children through the different investment schemes that it provides. These are divided into equity, debt, hybrid, ETF and index, and solution-oriented funds. The primary shareholder of the LIC Mutual Fund is the Life Insurance Corporation of India. LIC is a government-owned insurance and investment company that is the largest insurance provider in India. It was established by an act of parliament in 1956, with the merger of 245 state-owned life insurance companies. Life Insurance Corporation has more than 29 crore policyholders and a cumulative life fund of over 28 lakh cr. In 2020, the Government of India announced that an initial public offering would be conducted for LIC in FY22. The executive board of the LIC contains the chairperson M.R. Kumar and managing directors Vipin Anand, TC Suseel Kumar, Mukesh Kumar Gupta, and Raj Kumar. The LIC offers 7 equity schemes, 8 debt schemes, 4 hybrid schemes, 8 ETF and index schemes, and 1 solution-oriented scheme. The CEO of the company is Dinesh Pangtey, and there are nine members on its board of directors. The AMC is named LIC Mutual DUnf Asset Management Ltd. It is owned 45% by the Life Insurance Corporation of India, 39.30% by LIC Housing Finance Ltd., 11.70% by GIC Housing Finance Ltd., and 4.00% by Union Bank of India. As far as the trustee company is concerned, it is owned 49% by the Life Insurance Corporation of India, 35.30% by LIC Housing Finance Ltd., and 15.70% by GIC Housing Finance Ltd. Important information Name of the AMCLIC Mutual FundIncorporation Date20 April 1994SponsorsLife Insurance Corporation of IndiaTrusteeLIC Mutual Fund Trustee Pvt. Ltd.Board of DirectorsM.R. Kumar Kailash Kumar Bang Satish K. Kamat Sanjay A. Muthal Vijay Sharma Neera Saxena Raghunandan Maluste Y. Viswanatha Gowd Dinesh PangteyCEODinesh PangteyCIOSaravana Kumar AAUMRs. 16906 Cr as of 1 March 2021AuditorsS R Batlboi LLPCustodiansStandard Chartered BankAddress4th Floor, Industrial Assurance Building Opp. Churchgate Station, Mumbai 400020Contact Number022-66016000Emailcs.co@licmf.com Best LIC Mutual Fund Schemes While LIC Mutual Fund is relatively moderate in size, it offers various different schemes that have historically performed well in the market. Let us look at the ten best among these 1. LIC Large & Mid Cap Fund Direct The LIC Large & Mid Cap Fund has been among the successful funds in the Indian market over the past few years. It has a Value Research rating of 4, and investors have realized returns of over 33% in the past year and almost 19% in the last five years, as of 1 March 2021. Minimum InvestmentINR 5000Minimum Additional Investment INR 500Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days for units more than 12% of investment; Nil for redemption after 365 daysReturn Since Inception:13.00%AssetsINR 1028 CroreExpense Ratio0.84%*All values as of 1 March 2021 2. LIC Index Sensex Fund Direct The LIC Index Sensex Fund is rated 4 by Value Research and is among the best-performing equity funds in the LIC Mutual Fund. It has an AUM of 34 Crore as of 1 March 2021 and has 44.8% over the last year and nearly 16% over the last five years. Minimum InvestmentINR 5000Minimum Additional Investment INR 500Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 500Exit Load0.25% for redemption within 7 days; Nil for redemption after 7 daysReturn Since Inception:11.82%AssetsINR 34 CroreExpense Ratio0.57%*All values as of 1 March 2021 3. LIC Index Nifty Fund Direct The LIC Index Nifty Fund is an equity fund that has an AUM of 43 Crore as of 1 March 2021. It carries a Value Research rating of 3 and has returned more than 15% in the last five years. Minimum InvestmentINR 5000Minimum Additional Investment INR 500Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 500Exit Load0.25% for redemption within 7 days; Nil for redemption after 7 daysReturn Since Inception:11.67%AssetsINR 43 CroreExpense Ratio0.48%*All values as of 1 March 2021 4. LIC Large Cap Fund Direct The LIC Large Cap Fund has been an extremely successful fund, giving it a Value Research rating of 3. Though it is a comparatively small fund with an AUM of 502 crores, it has returned 15% in the last five years as of 1 March 2021. Minimum InvestmentINR 5000Minimum Additional Investment INR 500Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days for units more than 12% of investment; Nil for redemption after 365 daysReturn Since Inception:12.74%AssetsINR 502 CroreExpense Ratio1.07%*All values as of 1 March 2021 5. LIC Infrastructure Fund Direct The LIC Infrastructure Fund is a high-performance equity fund that has among the highest returns for any fund in the LIC Mutual Fund. Since its inception, it has returned over 9% and has accumulated an AUM of over 60 crores as of 1 March 2021. Minimum InvestmentINR 5000Minimum Additional Investment INR 500Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days for units more than 12% of investment; Nil for redemption after 365 daysReturn Since Inception:9.78%AssetsINR 62 CroreExpense Ratio1.22%*All values as of 1 March 2021 6. LIC Banking & Financial Services Fund Direct The LIC Banking & Financial Services Fund invests exclusively in Banks and the Finance sector. It has been able to return nearly 13% in the last five years as of 1 March 2021. Minimum InvestmentINR 5000Minimum Additional Investment INR 500Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days for units more than 12% of investment; Nil for redemption after 365 daysReturn Since Inception:4.49%AssetsINR 58 CroreExpense Ratio1.49%*All values as of 1 March 2021 7. LIC Flexi cap Fund Direct The LIC Flexi Cap Fund is another equity fund that has performed rather well since its inception and has had a constant rate of return of over 12% a year over the last 5 years, as of 1 March 2021. Minimum InvestmentINR 5000Minimum Additional Investment INR 500Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days for units more than 12% of investment; Nil for redemption after 365 daysReturn Since Inception:9.75%AssetsINR 359 CroreExpense Ratio1.67%*All values as of 1 March 2021 8. LIC MF Tax Plan The LIC MF Tax Plan has an AUM of nearly 335 Crore as of 1 March 2021. It has had a constant annual rate of return that has been over 9% since its inception. Minimum InvestmentINR 500Minimum Additional Investment INR 500Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 500Exit LoadNilReturn Since Inception:13.90%AssetsINR 335 CroreExpense Ratio1.29%*All values as of 1 March 2021 9. LIC Equity Hybrid Fund The LIC Equity Hybrid Fund is a hybrid fund with an AUM of nearly 440 crore as of 1 March 2021. Its rate of return has been over 9% annually for nearly all of its existence. Minimum InvestmentINR 5000Minimum Additional Investment INR 500Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days for units more than 12% of investment; Nil for redemption after 365 daysReturn Since Inception:9.75%AssetsINR 435 CroreExpense Ratio1.38%*All values as of 1 March 2021 10. LIC Debt Hybrid Fund The LIC Debt Hybrid Fund is a relatively new offering from the LIC Mutual Fund and has provided a handsome rate of return of over 8% since its inception as of 1 March 2021. It has an AUM of over 80 crores. Minimum InvestmentINR 5000Minimum Additional Investment INR 500Minimum SIP InvestmentINR 1000Minimum WithdrawalINR 500Exit Load1% for redemption within 365 days for units more than 10% of investment; Nil for redemption after 365 daysReturn Since Inception:8.09%AssetsINR 80 CroreExpense Ratio1.50%*All values as of 1 March 2021 How can you invest in LIC Mutual Fund via EduFund? It is important to secure your children's education, especially if you want to send them abroad. Saving money through schemes offered by LIC can be a great option if you are looking for a long-term investment. Here is how you can invest in LIC Mutual Fund using EduFund. Download the EduFund app from the App Store or the Google Play Store. Create an account on EduFund. You will be asked for certain information about your ambitions for the education of your child. You can choose the country that you want to send your child to, whether you want to send your child for bachelor's, master's, or doctoral studies, and what type of subject you would like your child to study while abroad. On the next page, you can select a rank bracket that you would like your college to lie in. You can also choose the kind of city that you want the college to be in. As per the entered information, you will receive a list of colleges that match your criteria. There will also be a list of the mean tuition fees of these colleges for your selected major. You can now choose the scheme of the LIC Mutual Fund that you want to invest in. As you browse through schemes, you will also be provided with the duration required to accumulate the amount of money that was previously calculated as required for your child's education. EduFund accepts payment by all legitimate methods of transaction. Using the EduFund app, you can continue to track the performance of several different schemes, including the ones you have invested in. EduFund also put you in contact with affiliated education counselors who have years and years of experience in the field of foreign education. They can help allay your doubts regarding majors, experience abroad, as well as financial matters. Leading fund managers at LIC Mutual Fund Once you have invested your money in a mutual fund scheme, its fate is in the hands of the managers of the schemes. The importance of fund managers in a mutual fund can never be understated. Before investing in a mutual fund scheme, it is essential that you look at the performance of the scheme over the past few years and whether it is capable of providing you with the kind of returns that you desire. However, at the same time, it is also essential to take a quick glance at the performance of the manager of the mutual fund that you are looking to invest in. The performance of other mutual funds of the manager, the qualifications and experience of the manager are all considerations that must be kept in mind when you make a decision to invest your hard-earned money. LIC Mutual Fund has some very experienced managers with different professional and educational backgrounds. Together, they form a really competitive team that is capable of taking the value of your money to new heights. Let us take a look at the profiles of the fund managers at LIC Mutual Fund. 1. Yogesh Patil Mr. Yogesh Patil has nearly two decades of experience behind him and has managed some of the most stable schemes that have been provided by LIC over the years.  Mr. Yogesh Patil earned his Master of Business Administration degree from Symbiosis Institute of Business Administration in Pune. He worked at the Sahara Mutual Fund as a research analyst in equity for around three years, during which he was specifically involved in tracking the cement, power, capital goods, construction, and metal sectors. He also managed the Sahara Blue Chip PMS Fund. He was then a part of Canara Robeco Asset Management Company Ltd. for nine years. He joined as a senior analyst in equity but was later made a senior fund manager. As a fund manager, he was in charge of the Canara Robeco Infrastructure Fund and the Canara Robeco Tax Saver Fund. Under his management, the Canara Robeco Infrastructure Fund was ranked the foremost infrastructure equity fund by CRISIL for multiple quarters. Mr. Patil joined LIC Mutual Fund as a Fund Manager in 2018. At LIC Mutual Fund, Mr. Yogesh Patil manages schemes such as LIC Multicap Fund, LIC Equity Hybrid Fund, and LIC BFSI Fund. The LIC Mutual Fund Large Cap Fund Direct has returned a CAGR of over 14% under his management between 2018 and 2021. The LIC Mutual Fund Large and Mid Cap Fund Direct have returned more than 13% over the same period of time. Mr. Patil has an AUM of over 3000 Cr as of 1 March 2021. 2 Ritu Modi Ms. Ritu Modi is the fund manager for several actively and passively managed schemes at LIC Mutual Fund. She has more than a decade of experience both as a research analyst and as a fund manager. Ms. Ritu Modi completed her Bachelor of Commerce degree from Mulund College of Commerce in Mumbai. She later went on to earn her Master of Business Administration degree in finance from the University of Mumbai. She was a Research Analyst on Institutional Inequities at Ambit Capital for seven years. Here, she specifically researched the Indian auto and auto components sectors. She also focused on sectors such as metals and mining, cement, ports & logistics, and healthcare. After Ambit Capital, Ms. Modi joined LIC Mutual Fund in 2018. As a Research Analyst, She focused on sectors like consumer staples,  discretionary, retail, auto, and auto ancillary. Since 2019, Ms. Ritu Modi has been a find manager at LIC Mutual Fund. Ms. Modi is a co-manager in actively managed funds and a fund manager in passively managed funds. She has an AUM of 925 Cr as of 1 March 2021. Under her joint management, the LIC Mutual Fund Index Sensex Fund Direct has grown at a CAGR of over 16% between 2018 and 2021. The LIC Mutual Fund Index Nifty Fund Direct has appreciated by more than 14.5%, while the LIC Mutual Fund Large Cap Fund Direct has appreciated more than 14% in this time. 3. Marzban Irani Mr. Marzban Irani is one of the most experienced fund managers at LIC Mutual Fund. He has well over two decades of experience and has served in leadership roles in several different asset management companies. He is currently the Chief Investment Officer for Debt at LIC Asset Management Company. Mr. Marzban Irani earned his Bachelor of Commerce (Honours) degree from Mumbai University and his Post Graduate Diploma in Business Management from Chetna's Institute of Management and Research, Mumbai. He was then the Fund Manager for Fixed Income at Tata Asset Management Company for seven years. He then served as the Fund Manager of Fixed Income at Mirae Asset Global Investment Management India Pvt. Ltd for over two years, before moving on to PNB MetLife India Insurance as Senior Fund Manager for Fixed Income. Subsequently, Mr. Irani joined Tata Asset Management as the Vice President for Fixed Income. He has also been associated with DSP Investment Managers. Mr. Irani joined the LIC Mutual Fund as the CIO for Debt in 2016. Mr. Marzban Irani manages several debt schemes and has an AUM of over 4400 Cr as of 1 March 2021. Under his management, the LIC Mutual Fund Government Securities Fund Direct has yielded over 10% returns annually between 2018 and 2021. The LIC Mutual Fund Banking and PSU Debt Fund Direct have also returned a CAGR of more than 8% at this time. 4. Sanjay Pawar Mr. Sanjay Pawar has more than 15 years of experience across various roles in the finance industry. Mr. Sanjay Pawar earned his Bachelor of Commerce degree from the University of Mumbai. Posy this, he went on to study at the Bharati Vidyapeeth's Institute of Management Studies & Research, where he completed a Master of Business Administration degree in finance and financial management services. He was a Corporate Bond Dealer for ICAP before joining CRISIL as a Senior Research Analyst in Fixed Income Instruments. He was then an Assistant Team Manager at Edelweiss Securities Ltd. for four years. Subsequently, Mr. Pawar joined Taurus Mutual Funds as a Fixed Income Dealer. He then joined LIC Mutual Fund as a Senior Dealer in Fixed Income and served in the position for two years before becoming a Fund Manager for Fixed Income. Mr. Sanjay Pawar manages the LIC Mutual Fund Short Term Debt Fund Direct with an AUM of 680 Cr as of 1 March 2021. In 2020, the scheme provided returns of around 7%. 5. Karan Doshi Mr. Karan Doshi has experience of eight years and has been with LIC since 2019. He completed his Bachelor of Engineering degree in Electronics and Telecommunication Engineering from K J Somaiya Institute of Engineering and Information Technology, Mumbai, and his Master of Business Administration degree in Finance from Guru Nanak Institute of Management Studies, Mumbai. He was an Equity Research Analyst at Shubhkam Ventures Pvt. Ltd. for over five years, where he focused on the pharmaceutical and information technology industries. He then joined LIC Mutual Fund as an Equity Research Analyst, focusing on pharmaceuticals, information technology, and specialty chemicals. Mr. Doshi manages the LIC Mutual Fund Debt Hybrid Fund Direct with an AUM of 92 Cr as of 1 March 2021. The scheme appreciated by over 10% in 2020. Why should you invest in LIC Mutual Fund? When you are planning the education of your child, the importance of the investment instrument you use is increased manifold. Even one small mistake can cause years' worth of returns to turn into an opportunity cost, and your eventual financial goals become even more difficult to meet. The importance of saving for your child's education from an early age cannot be understated. Starting early can save you the inconvenience and difficulty that comes with having to scramble for funds years down the line when your child eventually wants to depart for one of the best educational institutions in the world. The decision to invest in a mutual fund isn't merely governed by those at the top who manage the fund. The advisors that interact with the customer must also be competent and trustworthy. When you make a decision to invest in a LIC Mutual Fund, you can communicate the reason for your investment to your mutual fund advisor and trust LIC advisors to recommend the right find for your requirement. Once you have communicated the quantum of funds you require to send your child for studies abroad, LIC Mutual Fund advisors will provide you with detailed recommendations concerning the funds that LIC offers. In conclusion, the LIC Mutual Fund has been a beacon of trust for all its subscribers. It is incredibly stable and employs fund managers who are extremely competent at ensuring the appreciation of your funds. LIC has nationwide coverage, and LIC advisors are qualified to provide you with the right recommendations for you and your kids. Being one of the oldest financial companies in India, and moreover being owned by the government, it is possible to rest assured that your come is in safe hands with LIC. These factors make LIC a great option to ensure that you have enough money to educate your child abroad. Invest in LIC Mutual Fund using EduFund You can never be too early in deciding to invest in your child's education. With tuition fees for education abroad rising by the year and admissions becoming more and more competitive, you would not want to be in a situation where your child gains admission to a great school, but you simply can afford the fees. EduFund provides you with access to experienced financial advisors who can guide you through the process of investing in the right mutual funds for your purposes. Services provided by EduFund are completely customized as per your need and requirements. The process of investment is also extremely simple and takes no more than a few minutes. FAQs What are some best LIC Mutual Fund Schemes to invest in? Some of the top LIC Mutual Fund Schemes are LIC Large & Mid Cap Fund Direct, LIC Index Sensex Fund Direct, LIC Index Nifty Fund Direct, etc. What's the minimum amount I can invest in some of the top LIC Mutual Funds? The minimum investment amount varies from scheme to scheme. However, some MF schemes like LIC MF Tax Plan have set Rs 500 as the minimum investment amount. Can I invest in LIC Mutual Funds online? Yes, you can start investing in LIC Mutual Funds from the comfort of your home today. All you have to do is download the EduFund App, complete your registration and KYC verification, explore your investment options, and start investing in the scheme of your choice. No paperwork required!

SBI Mutual Fund was set up on June 29, 1987, and was incorporated on February 7, 1992. It is the first non-UTI Mutual Fund - a joint venture between the largest bank of India - State Bank of India and the leading global asset management company in France – AMUNDI. The SBI Mutual Fund Trustee Company Private Limited that regulates the SBI Mutual Fund was set up as a trust under the Trust Act of 1882.   SBI Mutual Fund (SBIMF) offers various solution-oriented financial goals in the form of child education, planning of retirement, etc. Besides long-term investments, SBIMF caters to a myriad of other investment criteria like ETFs, equity schemes, Index Funds, hybrid plans, debt plans, and much more. SBI AMC became the biggest AMC AUM wise in January from the 3rd position. As of July 2020,  SBI mutual fund house manages average assets worth Rs. 3,64,916 crores. The biggest and the best equity schemes of SBI Mutual Fund are SBI ETF Nifty 50 (with assets worth Rs. 67,765 crores) and SBI ETF Sensex ((with assets worth Rs. 26,642 crores). The third biggest fund of the AMC is SBI Bluechip, which is their large-cap fund. The scheme has an AUM of Rs. 20,783 crores as of July 2020. As of 31-Mar-2021, the Corpus under management is Rs. 505373.4637 crores and the number of SBI Mutual Fund schemes is 322. In 20 years of operation, the mutual fund has rewarded its investors beneficially with consistent returns. It has launched 38 schemes and successfully redeemed 15 of them. A total of over 5.8 million investors have invested their faith in the fund and its schemes are consistently outperforming benchmark indices. The Fund manages with over Rs. 42,100 crores of assets reaching out to a vast family of investors through a network of over 130 points of acceptance, 59 investor service desks, 29 investor service centers, and 6 Investor Service Points. SBI Mutual Fund is one of the most revered and trusted AMC - asset management companies, with a consistent track record, in India for the last three decades. Its diligent team of experts and professionals provides the most prudent advice on research, risk management, and stock selection. Important Information About SBI Mutual Fund TrusteeSBI Mutual Fund Trustee Company Private LimitedMD and CEOMrs Anuradha RaoCIOMr Navneet MunotCompliance OfficerMs Vinaya DatarSBIMF Acceptance centers in India222Number of Investors (approx.)5.8 million investorsDeals in Assets worthRs. 373000 croresRecognitionSBIMF is the first to launch a ‘Contra’ fund, called the SBI Contra Fund.SBI Mutual Fund is the first in India to launch an Environment, Social, and Governance - ESG Fund that acts as a sustainable investment.        In 2015, for the first time, the EPF department - Employees’ Provident Fund of India trusted SBIMF Sensex ETFs (Exchange Traded Funds) with Rs. 5,000 Crore.Address9th Floor, Crescenzo, C-38 and 39, G, Block Bandra - Kurla Complex, Mumbai, Maharashtra - 400051.Telephone NumberSBI mutual fund customer care number and SBI mutual fund toll-free number - 1800 209 3333, 1800 425 5425, 91-22-62511600 (from outside India)Email Idcustomer.delight@sbimf.comSMSSBI mutual fund helpline number - 'SBIMF' to 7065611100WhatsApp service of SBIMFThe applicant needs to save the SBI mutual fund WhatsApp number 7208017353 on his contact list and just send a ‘Hi’ to the Distributor from the relevant mobile number that is linked to his Investment number to resolve queries on a real-time basis. Ten Top-Performing SBI Mutual Fund Schemes Some of the best SBI Mutual Fund Schemes are available on EduFund, and after thorough research on the available plans of investment, the applicant can make the right choice of where and how he wants to put his hard-earned capital on. 1. SBI Magnum Mid Cap Fund (Category - Equity - Mid Cap fund) This open-ended fund has a NAV of ₹106.498 (Growth) (as of 23rd April 2021) and is one of the top-performing funds in the 'Equity: Mid Cap category. The fund was launched on 29th March 2005 and has given trailing returns of 30.4% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-1 Years (1%),1 Year and above (NIL).Return Since Inception (29th March 2005):15.9% (as of 23rd April 2021)AssetsINR 4887 Crore (as of 31st March 2021)Expense Ratio2.17% (as on 31st March 2021) 2. SBI Contra Fund (Category - Equity - Contra fund) Its aim is to provide the investors maximum growth opportunity through equity investments in stocks of growth-oriented sectors of the economy.  It is a fund with Moderately High Risk that has a NAV of Rs. 150.287 (Growth) (as of 23rd April 2021), and is one of the top-performing funds in the 'Equity: Contra category. The fund was launched on 6th May 2005 and has given trailing returns of 30.6% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-1 Years (1%),1 Year and above (NIL).Return Since Inception (6th May 2005)14.9% (as of 23rd April 2021)AssetsINR 1856 Crore (as of 31st March 2021)Expense Ratio2.29% (as of 31st March 2021) 3. SBI Technology Opportunities Fund (Erstwhile SBI IT Fund - Equity - Sectoral fund) Its aim is to provide the investors maximum growth opportunity through equity investments in stocks of growth-oriented sectors of the economy. It is a fund with High Risk and is ranked 42 in the Sectoral category that has a NAV of Rs. 108.207 (Growth) (as of 23rd April 2021), and is one of the top-performing funds in the 'Equity: Sectoral category. The fund was launched on 9th Jan 2013 and has given trailing returns of 47.3% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-15 Days (0.5%),15 Days and above (NIL).Return Since Inception (9th Jan 2013)20.6% (as of 23rd April 2021)AssetsINR 595 Crore (as of 31st March 2021)Expense Ratio2.62% (as of 31st March 2021) 4. SBI Magnum COMMA Fund (Category - Equity - Sectoral fund) Its aim is to generate opportunities for growth along with the possibility of consistent returns by investing predominantly in a portfolio of stocks of companies engaged in the commodity business within the following sectors - Oil & Gas, Metals, Materials & Agriculture, and in debt & money market instruments. It is a fund with High Risk and is ranked 9 in the Sectoral category that has a NAV of Rs. 56.2233 (as of 23rd April 2021). The fund was launched on 8th August 2005 and has given trailing returns of 23.9% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-1 Years (1%),1 Year and above (NIL).Return Since Inception (8th August 2005):11.6% (as of 23rd April 2021)AssetsINR 320 Crore (as of 31st March 2021)Expense Ratio2.6% (as of 31st March 2021) 5. SBI Small Cap Fund (Category - Equity – Small Cap fund) The Scheme seeks to generate income and long-term capital appreciation by investing in a diversified portfolio predominantly equity and equity-related securities of small & midcap companies. It is a fund with Moderately High Risk and is ranked 4 in the small-cap category that has a NAV of Rs. 80.1244 (as of 23rd April 2021). The fund was launched on 9th Sep 2009 and has given trailing returns of 33.6% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-1 Years (1%),1 Year and above (NIL).Return Since Inception (9th Sep 2009):19.6% (as of 23rd April 2021)AssetsINR 7570 Crore (as of 31st March 2021)Expense Ratio2.29% (as of 31st March 2021) 6. SBI Large and Midcap Fund (Category - Equity – Large & Mid Cap fund) Its aim is to provide investors long-term capital appreciation/dividend along with the liquidity of an open-ended scheme. It is a fund with Moderately High Risk and is ranked 20 in the large and mid-cap category that has a NAV of Rs. 284.904 (as of 23rd April 2021). The fund was launched on 25th May 2005 and has given trailing returns of 15.8% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-12 Months (1%),12 Months and above (NIL)Return Since Inception (25th May 2005):17% (as of 23rd April 2021)AssetsINR 3629 Crore (as of 31st March 2021)Expense Ratio2.21% (as of 31st March 2021) 7. SBI Bluechip Fund (Category - Equity - Large Cap fund) Its aim is to provide investors with opportunities for long-term growth in capital through active management of investments in a diversified basket of equity stocks of companies whose market capitalization is at least equal to or more than the least market capitalized stock of the S&P BSE 100 Index. It is a fund with Moderately High Risk and is ranked 9 in the Large Cap category that has a NAV of Rs. 50.5466 (as of 23rd April 2021). The fund was launched on 14th Feb 2006 and has given trailing returns of 16.3% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-1 Years (1%),1 Year and above (NIL)Return Since Inception (14th Feb 2006):11.3% (as of 23rd April 2021)AssetsINR 26838 Crore (as of 31st March 2021)Expense Ratio1.84% (as of 31st March 2021) 8. SBI Banking and Financial Services Fund (Category - Equity - Sectoral fund) The investment objective of the scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity-related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized. It is a fund with High Risk that has a NAV of Rs. 21.7274 (as of 23rd April 2021). The fund was launched on 26th Feb 2015 and has given trailing returns of 4.8% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-12 Months (1%),12 Months and above (NIL)Return Since Inception (26th Feb 2015):13.4% (as of 23rd April 2021)AssetsINR 2371 Crore (as of 31st March 2021)Expense Ratio2.44% (as of 31st March 2021) 9. SBI Magnum Tax Gain Fund (Category - Equity - ELSS fund) To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits. It is a fund with Moderately High Risk and is ranked 31 in the ELSS Category that has a NAV of Rs. 179.609 (as of 23rd April 2021). The fund was launched on 7th May 2007 and has given trailing returns of 18.9% in one year (as of 2020). Key Information Minimum InvestmentINR 5,00Minimum SIP InvestmentINR 500Minimum Withdrawal-Exit LoadNILReturn Since Inception (7th May 2007):10.4% (as of 23rd April 2021)AssetsINR 9258 Crore (as of 31st March 2021)Expense Ratio2.22% (as of 31st March 2021) 10. SBI Nifty Index Fund (Category – Others - Index fund) The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty 50 Index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of the Nifty 50 Index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/loss plus dividend payments by the constituent stocks. This open-ended fund has a NAV of ₹122.988 (as of 23rd April 2021) and is ranked 75 in Index Fund Category. It comes with a Moderately High risk. The fund was launched on 17th Jan 2002 and has given trailing returns of 14.6% in one year (as of 2020). Key Information Minimum InvestmentINR 5,000Minimum SIP InvestmentINR 500Minimum WithdrawalINR 1,000Exit Load0-15 Days (0.2%),15 Days and above (NIL).Return Since Inception (17th Jan 2002):11.1% (as of 23rd April 2021)AssetsINR 1032 Crore (as of 31st March 2021)Expense Ratio0.68% (as of 31st March 2021) The Best Performing SBI Tax Saving Mutual Fund SBI Tax Saving Mutual Funds provide dual benefits to its investors – one in the form of capital appreciation through equity investments and the other through income tax savings under section 80C. There is a mandatory lock-in period of three years and has the potential for higher returns. The minimum investment is Rs. 500. These are Multi-cap Equity funds with a diversified portfolio. How can you invest in SBI Mutual Fund via EduFund? It is a simple, convenient, and easy process through EduFund to invest in some of the most profitable SBI Mutual Fund Schemes, which involves a hassle-free process. Let us look at the details of the process: Step 1: The first step is to log in using your SBI mutual fund login Id or your EduFund account. The applicant can also download and install the SBI mutual fund app to start investing. If the applicant does not own an account, he would need to create a username password by registering on to the portal. Step 2: The second step is for the applicant to scan and upload identification documents and proofs like Aadhar Card, PAN Card, Passport, Driving License, Voter ID Card or any other ID that is issued by the Central or State Government. Step 3: Further, the applicant must upload his address proof using any legal document that carries the permanent address of the investor. This proof again could be an Aadhar Card, Passport, Bank statement, rent agreement, Phone or Gas Bill, etc. Step 4: Next, he should identify the duration of investment he is interested in and apply it accordingly on the portal. Step 5: After the tenure, the risk undertaking should be determined, whether the applicant wants to opt for low, medium, or high-risk investment. Step 6: As per the choice and market feedback, he can opt for the best SBI Mutual Fund, which is most suitable to his individual choice and criteria. Step 7: The individual has the option to go for a one-time investment or installment. If he wishes to pay the investment amount in a lump sum, he should select the “Invest One Time” button else can click on the “Start SIP” to enable investment which allows monthly/quarterly/bi-annual or annual payments. EduFund is a renowned portal that is registered with AMFI, BSE, and SEBI with zero fees to sign up. The investment logged in by the individual will reflect in his EduFund account within 3-5 business days. Using the SBI Mutual Fund Calculator  The mutual fund calculator SBI helps you estimate the returns which can be expected from the invested capital. The exact amount cannot be guaranteed, but an estimated amount can be calculated using the SBI mutual fund calculator for both Lumpsum and SBI mutual fund SIP payments and to get an appropriate view of the SBI mutual fund statement. Leading Fund Managers at SBI Mutual Fund  The SBI Mutual Fund Investment team is well-equipped with stalwarts of the Finance Sector who have professional experience, qualifications, and knowledge of investment. Some of the leading Fund Managers at SBI Mutual Fund are: 1. Navneet Munot  Executive Director & Chief Investment Officer Mr Munot was the Chief Investment Officer in 2008 when he joined SBI Fund House. Currently, he is the Executive Director and Chief Investment Officer, taking care of investments of more than USD 54 billion. He is a veteran with experience of working with Giants as the former Chief Investment Officer of Birla Sun Life Mutual Funds and as the Executive Director and the Head of the Multi-Strategy Boutique at Morgan Stanley Investment Management. He has given 25 years to the Finance Sector and is a Chartered Accountant and a Charter Holder of the CAIA and CFA Institute. His expertise lies in various sectors of investment, like fixed income, foreign exchange, and hybrid funds. He is an asset to SBI Mutual Funds 2. Ashwani Bhatia  Deputy Managing Director of the SBI, MD & CEO of SBI Mutual Funds  Mr Bhatia started his career at the entry-level as a Probationary Officer in 1985 with the State Bank of India. Currently, he is the Deputy Managing Director of the SBI, and since July 2018, he is on loan to the SBI Mutual Funds Management Board. He is also the MD and CEO of SBI Mutual Funds. Before Corporate Credit Structures were revamped, he was also the Chief General Manager of SBI and was also appointed as the Chief General Manager of the Small and Medium Enterprises - at the bank for several years. He has spent a lifetime in the field of Banking and has commendable experience in International Banking, retail, and credit and treasury. 3. Anup Upadhyay Head of Research at SBI MF Upadhyay started his career in SBI MF as an Equity Analyst and presently he is the Head of Research at SBI MF and the Fund Manager for Equity Opportunity Fund and SBI IT Fund for the IT Service Industry. He is a pass-out of IIT Kharagpur with an additional Post-Graduation Diploma in Management from IIM Lucknow. He has also been a student of the CFA Institute of the USA, where he is a Charter holder. His expertise lies in the area of Media, Telecom, and Capital Good Stocks too. 4. Nicholas Simon Deputy CEO of SBI Life Insurance and the SBI MF Group since 2015 Mr Simon was deputed from the Amundi Group of France, which holds a significant share in the controlling company. Mr Simon has served as the CAAM for Real Estate and CEO of Real Estate from 2006-2015. He represents the interests of the Amundi Group on the Board. He was the Head of Property at Henderson Real Estate in France from 2003-2005 and before that Mr Simon was the CEO of Generali Real Estate from 1996-2002. He has done his Master of Business Management from the Toulouse School of Business and completed his Post Graduation in Law from the Pantheon-Assas University in Paris. He has a recognized exposure to International Banking and vast experience in controlling inflation, market trends, and beating the competition. 5. S. Srinivas Jain   Head of Equity  With an experience of 25 years in the equity market, Mr Srinivasan joined SBI Mutual Funds as a Fund Manager and later became the Head of equity. He has had exposure in the equity market for as long as 25 years. Mr Jain has worked with SBI for almost 20 years, with an overall experience in Financial services for more than 30 years. He is currently appointed as the Executive Director and Chief Marketing Officer of Strategy and International Business at SBI Mutual Funds. He has a background in Cost Accountancy and holds a degree in Graduation in Commerce from Bangalore University. He has a varied experience of working for leading Financial Companies like Motilal Oswal, Indosuez WI Carr, Principal PNB, Oppenheimer & Co. (Blackstone), and Future Capital Holding, managing the funds of SBI Mutual fund directly under him.  Other well-known Fund Managers at SBI Mutual Fund - Mr Sanjeev Patkar Mr Nicholas Simon Mr Rajeev Radhakrishnan Mr D.P. Singh Mr Rahul Mayor Ms Aparna Nirgude Why Should You Invest in SBI Mutual Fund? To invest Online in SBI Mutual Funds, one can choose EduFund to safely put away his money in SBI mutual fund online, which charges no fees or hidden charges. It further helps investors to explore funds and options, gives them a varied outlook on the risk and tenure associated with each investment, provides all-out solutions for investors and clears misconceptions and doubts regarding a return, risk, and consistency before the individual invests his hard-earned money into it. The Funds option within the portal displays the return percentage and the current NAV. Besides that, before investing, a person can filter options like risk rating, value research, consistency, and size of the fund. He can also opt for investing in a lump sum amount or installments. Select EduFund For Investing in SBI Mutual Fund EduFund makes the process of investing in HDFC mutual funds convenient. EduFund's experienced consultants give you customized solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably. With EduFund, you get the following benefits: Customized Research-Based Financial Plan - EduFund’s scientific fund tracker screen over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds. Customer-Friendly Counsellors Help You Create a Financial Plan - EduFund's counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan. Invest Less, Earn More - Not only the best Indian mutual funds, EduFund offers you the facility to invest in US Dollar ETFs and international mutual funds. Use Free Tools - EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc. No Technical Expertise Required - You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you. Value-Added Benefits - You may get value-added benefits like no commission, free advisory, and nil hidden charges. Secure Transactions - EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions. Special Support for Children's Education - EduFund has a dedicated team of experts who help you fulfil your children's educational goals. Download the EduFund app now to start saving for a bright future. 

If you are a young college student, newly 18, it is time for you to get your own bank account. A bank account is not just a place to safely stash your money. More importantly, it enables you to make smooth and safe money transfers and transactions. You also have the opportunity to earn interest and thereby compound your savings or investments. As a young adult, you will be learning the basics of financial independence and responsibility. Your own bank account can be your first step towards that goal.  Let's start with the big question. Why should you get your own first bank account? 1. Financial Independence The foremost benefit of having a bank account is that it is the first step towards financial independence. As a teenager, your parents probably monitored and supervised all your financial transactions and purchases. Having your own bank account gives you a lot more discretion and agency over where and how to spend your money. Having this agency is crucial to your learning financial responsibility. Learning to make your own financial decisions and when to say yes or no to purchase is an important life skill. Being in control of your own bank account teaches you this.  2. Security A bank account is the most secure way of keeping and handling your money. Unlike cash transactions, bank transactions are secure and often even reversible. This is because banks take extra steps to ensure that the money is being sent to the right person. You also maintain a paper trail with these transactions. If you fear you have been a victim of fraud, you can even contact your bank to cancel a cheque or transaction. This lowers the risk of you becoming a victim of fraud or losing your money. 2. Receiving payments & scholarships when you study abroad If you study abroad with a scholarship, you will most likely need an independent bank account. To receive these scholarships, stipends, or payments from any part-time jobs you undertake, a bank account is necessary. Having your own bank account means that these payments will come to you directly. Without your own bank account, these monies would have to be routed through a parent or guardian’s account. A major reason why students take the step of studying abroad is to learn independence. An independent bank account is part of this. As a young adult, it is important to be able to feel in control of yourself. Surely, the financial agency in this regard is important.   What kind of bank account do you need? 1. Savings Account There are many types of bank accounts but for most personal banking requirements, a savings account is the most appropriate. A savings account is the most common kind of bank account opened by individuals for personal banking purposes.  There is no upper limit or cap to the amount of money that can be held in a savings account although the number of transactions may have some cap. While most banks require people with savings accounts to maintain some mandatory minimum balance, this requirement is waived for accounts opened under the Pradhan Mantri Jan Dhan Yojana. Fortunately, accounts opened under this welfare scheme have a limit on the value of deposits made and the number of withdrawals, including ATM withdrawals, which are capped at 4 per month. Image by Expect Best on Pexels 2. NRI Account If you study abroad or plan on taking admitted in a foreign university, an NRI account may be a better option for you. These bank accounts are for Indian citizens or Persons of Indian Origin (PIO) residing overseas. These accounts provide benefits in terms of currency conversion, transferability of deposits, taxes, etc. There are three main types of NRI accounts: Non-Resident External (NRE) Accounts: NRE Accounts hold funds in Indian Rupees (INR). This means these accounts can be used to deposit funds in other currencies which get converted into INR. These accounts can be used as savings accounts for income earned abroad as no tax is levied on the interest generated by these accounts.  Non-Resident Ordinary (NRO) Accounts: These accounts can be used to deposit funds in both INR and foreign currencies. If you already have an ordinary resident bank account, you can convert it to an NRO account when you move to study abroad. These accounts can also be used to send money from India to overseas. Interest earned on income in an NRO account is liable for TDS (Tax Deducted at Source). This type of account may be the most appropriate first bank account for you if you plan on going to study abroad.  Foreign Currency Non-Resident (FCNR) Accounts - FCNR Accounts can be opened and maintained in a foreign currency approved by the RBI, including US Dollars, Australian Dollars, Sterling Pound, Euro, etc. These accounts can be used to maintain long-term deposits. The interest earned on deposits in FCRN Accounts is non-taxable. What are the documents needed for your first bank account? The two documents that are mandatory to open a bank account in India are an Aadhar card and a PAN card. Aadhar is the foremost single valid proof of address and identity for Indian citizens. A PAN is a 10-digit unique alphanumeric number used by the Income Tax Department of India to track transactions and payments for tax purposes. These are both needed for KYC requirements. If you don’t have either of these documents, you need to apply for them first. You can apply for an Aadhar online through the UIDAI website and for your PAN through the NSDL website.  If you have your Aadhar and PAN cards, you can either apply for a bank account online or by visiting your nearest branch. You will need to fill out the appropriate forms and submit copies of your Aadhar and PAN cards along with two photographs. Depending on the bank other documents may be required and you should check the bank website or call ahead to confirm.  Conclusion Once you have submitted the appropriate forms and documentation for KYC, the bank should take a day or two to verify your details or reach out for any clarifications or errors. Once your documents are verified and your account is validated, you can receive your Bank Passbook, Cheque Book, and Debit Card from your bank. Your bank will give you a PIN for your debit card which you will be expected to change by selecting a new one through an ATM of the same bank. It is also a good idea to request internet banking facilities be made available to you, especially if you plan on going to study abroad. You may have to fill out a separate form for this.  With this done, congratulations! You now have your own first bank account! Your first bank account is one of the many first steps you will take as you enter adulthood. FAQs Can a minor open their own bank account in India? Minors in India can open joint bank accounts with their parent or guardian. Some banks like SBI also has provision to allow children over 10 years of age to open a bank account in their sole name. Can a 15-year-old get an ATM in India? Depending on the banks, financial companies or credit unions, minors in India can avail themselves of debit card services. For this, their legal guardians or parents can open a joint checking account with them. What is a zero-balance account? Many banks allow minors to open a bank account without depositing any money. These accounts are called zero-balance bank accounts. Consult an expert advisor to get the right plan TALK TO AN EXPERT