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SBI Dynamic Asset Allocation Fund Reviews

amritsar India
MUTUAL FUND BROKERS MAKE MONEY BUT NOT INVESTORS
Jul 19, 2011 05:27 PM 23186 Views

I had invested initially on the persuation of a M.F. Broker/Agent  in SBI Infra Fund in July 2007 the principal amount was Rs.75, 000/= after observing its very nominal growth I shifted to another SBI MAGNUM MIDCAP Fund but today after exactly more than 4 Years Later even the principal amount is hardly recoverable. I just wonder what is the use of Investing in Mutual Funds.


If I tell this "GROWTH" to even a layman, I would cause embarrasement for myself as If I had let the same amount stay even in my Saving Bank Account then the present amount would have been more than what I am getting after 4 Years.


I am Fed-Up with these Mutual Funds, however the ultimate choice is "YOURS".


Instead of investing on this FD is better
Apr 14, 2011 11:23 AM 21835 Views

I have invested on 2008 year on this during the NFO @ rate of 10/- per unit. till date the NAV did not crossed 10/- its just below 10/-.


Instead of investing on this , people can invest on Fixed deposits or Gold or Silver


Please verify the fund growth before investing


I cannot Redeem and get my Money!
Mar 24, 2011 12:40 AM 22810 Views

I have invested in SBI infra Fund during NFO under Folio: 9290081. In the mean time I changed bank. Today when I try to get it redeemed they tell me to get written application from the old bank about the same. This SUCKS. Please DO NOT Invest with SBI MF because if your change your bank details in between, Trust me, YOUR ARE SCREWED.


If you dont believe me, call up toll free with the mentioned folio and my name and check the status.


Regards,


Chanchal Sheik


YOUR RATING ON

SBI Dynamic Asset Allocation Fund
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hyderabad India
Not stisfatiory
Feb 19, 2011 02:59 AM 20341 Views

I am sbi MF investor , I invest in 2008 but till date there is no growth. So I feel MF is not give good returns as even like fixed deposit.


Any MF is not give good returns , so I suggest please do not go for any MF. I invest Rs:27000 in 2008 but till date the valu is not change.so that I loose even bank interest.


So that I strongly recommend please don't go for MF.


Delhi India
The don who terrorises retail investors
Feb 22, 2010 05:56 PM 24083 Views

I am a mutual fund investor for over 15 years and have invested with many mutual fund houses. Over a period of time, many fund houses dropped out because they did not give me high quality online service which almost became a necessity.


However I constantly tracked the top funds and I found that at times SBI Mutual Fund did make it to the top performing funds. There is a trust that people in India associate with the brand and I felt that I should include that too in my portfolio. I was also pleasantly surprised to find that the brand did allow online investing too. So I went in 2009 and invested Rs 5000 online in the Magnum Contra Fund. It got debited from my bank on 15th September 2009 and I got an email showing the units had been allotted.


However, the online transaction required an offline handing over of the documents which I promptly did at their Delhi Investor Service Centre. Since then it has been an uphill task for me to get the customer id required for transacting online allotted. Their customer service centre has no clue whatsoever about how to deal with customers. I wanted the email id of the customer service head but I was told that it cannot be provided. All financial services organisations should make it mandatory for quick redressal that the email ids of senior employees should be provided.


Anyways coming back, I kept on following up on email and phone for six months and I am yet to get a redressal. I even wrote to SEBI only to realize this bhai probably is dreaded even by the regulator. No response from SEBI either.


Stay away from SBI.


Internet account for SBI MF transactions.
Jul 14, 2008 12:53 PM 18745 Views

I must confess that SBI MFs need to be net savvy. Take a look at Franklin Templeton, Reliance or HDFC Mutual funds – all these AMC have a proper and decent online transaction facility.


This is a must and necessity in today’s fast paced world. If I have excess cash to spare, then it becomes a tad easier to park your money with just a single mouse click. I do understand that hosting and maintaining websites does not come for free and probably may have a bearing on fund’s expense ration or even AMC’s expense. But then see the need for it:


I call a pathetic/hapless agent and request him to take a cheque from me. More often than not, these fellas act pricey or they are just too busy. In my case, the guy is actually busy. So I have to go all the way and give him the cheque manually. Other fear why I don’t send cheque directly to the Investor Center or AMC directly is the fear of misplacing the cheque (though this may be a crossed one). Secondly, I am not sure when my courier or post will reach its destination as there is no acknowledgment for the receipt of letters or couriers.


Well, they do have that online system but like I said not up to the mark as that of Franklin Templeton, Reliance or HDFC Mutual funds.


So SBI MF fellas, get up and spruce-up to the new the world order and don’t be that lazy humbug. Be fresh and anticipate the changing needs of customer and evolve yourself accordingly. I hope somebody is listening….  J


The only icing in the cake is that SBI MF has performed consistently over a period of time and that’s the reason to cheer about.


What is value investing planning in mutual funds.
Feb 16, 2007 12:51 PM 23331 Views

First a few words about what VIP or VCA is. The full form is Value Investment Planning or Value Cost Averaging. SIP stands for systemic investment planning.


In SIP, you invest a fixed or variable amount every month in a particular mutual fund. Due to the cost averaging, you lower your ACQUISITION COST only.


Thus in the bear phase between 2000 and 2003, NAV of Franklin Prima fund dropped from 38.50 rs per unit to 29.56 rs per unit. So if you had invested lump sum 1 lac rs in 2000 in the fund, you would have lost 23 percent till 2003, the fund value would have come down to 77 thousand rs only.


However if you had invested through SIP from 2000 to 2003, the acquisition cost would have gradually come lower by investing a fixed sum every month rather than one lump sum investment and in 2003, you would be sitting on a profit of 32 percent on the investment.


In VCA or VIP, you do not sit idle after giving instructions to the bank to invest through SIP. Here whenever the N.A.V. value goes up , you sell the profit side of the units . You may determine beforehand that if I get 5 percent or 10 percent profit, I will sell. You sell only the profit amount and not the whole amount.


How VCA differs from SIP is that here you sell to book profits while in SIP you only buy and do not sell. Hence the cost and returns of the mutual fund units goes down further. Thus in bear phase between 2000 and 2003, while in SIP you made profit of 32 percent, in VCA you made profit of 48 percent.


In bull phases the profit booked through VCA  can go up to infinity as you can turn your acquisition cost to negative by systemic purchase and profit booking.Take the bull run from 1995 to 2000. The N.A.V. of franklin prima went up from 18.01 rs in mar 1995 to 38.49 rs in 2000.


A lump sum investment in mar 1995 gave a return of 113 percent in mar 2000. Through SIP, the return  on 1000 rs per month was 201 percent as 61 thousand invested became 1, 83, 455 rs. In VCA , through selling periodically the cost of acquiring units became negative so returns became infinity.


CONFUSED?  no problem . I will deal with some mutual funds of my portfolio to show how I maximised my returns through VCA. I will also add tips on how to make the most of the coming months by following this strategy.


In my next series, I will deal with the highly popular SBI Magnum Contra fund. You will get it within the next 24 hours.


Go for it!
Dec 12, 2000 12:07 PM 19029 Views

Wow.i got a glimpse of this site few days back, today I got some time to pen down few lines….ok with my first stint let me define what an mutual fund means:


A mutual fund is a trust that pools together the savings of a number of investors who share a common financial goal. They buy units of a fund that best suits their needs. The Fund Manager then invests this pool of money (called a corpus) in securities, ranging from shares to debentures to money market instruments. The income earned through this investment and the capital appreciation realised by the scheme, are shared by the investors in proportion to the number of units they own.


Coming to SBI MUTUAL FUND:


SBI Mutual Fund is currently managing domestic assets of over Rs. 2700 crores of which debt assets are nearly Rs. 1200 crores.Recently SBIMF had bagged the prestigious Group Award for 5 year performance based on a study conducted by Economic Times - Standard & Poor Micropal. This study has ranked mutual funds on their performance for the period ending 31st March 2000 on the basis of Relative Risk Adjusted Returns and consistency of performance.


It now offers investors a choice of 9 open-end schemes, which satisfy the various needs of investors, ranging from fully debt funds to highly specialised sectoral funds.


You all will be thinking that …I am all praise for this particular mutual fund, no not at all I am not associated with SBI in any way , basically I am an investment banker working with leading investment banking corp.(no not with SBI …BELIEVE ME!) I give 7/10 to this mutual fund.


My job is to study all kind of this stuff, I recommend you this mutual fund to all (bcoz ….of very less risk factors), but yes if you want to invest big money ,you need to take some advice from some proffesional (like me..).


On the whole, it is advisable to study markets before going for it, you can read INVESTOR magazine,Economic times, Business Standard & few other journals available in the market


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