How to Invest in SBI Mutual Funds Online

Starting your wealth creation journey with SBI Mutual Fund is completely digital, paperless, and can be completed in under 10 minutes from your smartphone or computer.

Step 1: Complete Your Central KYC (e-KYC)

Under SEBI regulations, all mutual fund investors must complete Know Your Customer (KYC) verification once. This involves verifying your identity via PAN and paperless Aadhaar OTP. Once verified with any SEBI-registered intermediary, your KYC status is valid across all 40+ mutual fund houses in India.

Step 2: Choose Direct Plan Growth Option

When selecting a scheme, you will notice two important choices:

• Direct vs Regular: Always select Direct. Direct plans eliminate third-party broker commissions, keeping your expense ratio lower and boosting your compounding returns by 1% to 1.5% annually.
• Growth vs IDCW (Dividend): Choose the Growth option. Growth ensures all capital profits are automatically reinvested into the fund to compound, whereas IDCW pays out taxable dividends.

Step 3: Select an Investment Platform

You can invest through several authorized channels:

1. Official AMC Portal: Direct on the SBI Mutual Fund website (sbimf.com) or the SBI MF InvesTap mobile app.
2. Registrar Platforms: CAMS (myCAMS) or KFintech.
3. SEBI-Registered Fintech Platforms: Zerodha Coin, Groww, INDmoney, Kuvera, or SBI YONO banking app.

Step 4: Set Up the Auto-Debit Mandate (NACH)

Authorize an e-mandate via your net banking or debit card OTP. This enables your bank to automatically transfer your monthly SIP contribution without requiring manual intervention every month.

Frequently Asked Questions