When investors discuss long-term wealth creation in mutual funds, SBI Mutual Fund often emerges as a benchmark for consistency. SBI Mutual Fund manages some of India’s oldest equity schemes, many of which have navigated multiple market cycles — including crashes and prolonged consolidation phases.
This story will discuss the top 5 SBI mutual funds based on their 20-year SIP (systematic investment plan) returns. These top 5 plans have delivered returns in the range of 16.06% to 17.57% CAGR in the last 20 years, proving how powerful long-term investing and compounding can be when investors stay disciplined. All the schemes to be discussed here are regular plans, as their direct plans have not completed 20 years.
Best SBI mutual funds with highest 20-year SIP returns
1. SBI Consumption Opportunities Fund
20-year SIP return: 17.57%
Rs 10,000 SIP value: Rs 1.83 crore
Launched in July 1999, this fund focuses on consumption-led businesses that benefit from rising incomes, urbanisation and changing lifestyles in India.
SBI Consumption Opportunities Fund’s details
Launch date: July 5, 1999
Benchmark: NIFTY India Consumption TRI
Risk level: Very High
AUM (Nov 30, 2025): Rs 3,219 crore
Expense ratio: 1.97%
Lump sum returns
3-year: 13.43%
5-year: 18.95%
10-year: 15.31%
SBI Consumption Opportunities Fund – Top stock holdings
Bharti Airtel – 6.46%
Mahindra & Mahindra – 5.31%
Maruti Suzuki – 4.75%
Hindustan Unilever – 4.61%
Asian Paints – 4.55%
2. SBI Technology Opportunities Fund
20-year SIP return: 16.80%
Rs 10,000 SIP value: Rs 1.67 crore
SBI Technology Opportunities Fund, launched in July 1999, benefited from India’s emergence as a global IT and digital services hub, despite periodic sector volatility.
SBI Technology Opportunities Fund’s details
Launch date: July 5, 1999
Benchmark: BSE Teck TRI
Risk level: Very High
AUM (Nov 30, 2025): ₹5,130 crore
Expense ratio: 1.89%
Lump sum returns
3-year: 17.50%
5-year: 20.22%
10-year: 17.66%
SBI Technology Opportunities Fund – Top stock holdings
Infosys – 14.84%
Bharti Airtel – 12.29%
Coforge – 7.07%
LTIMindtree – 5.94%
Firstsource – 5.15%
3. SBI Focused Fund
20-year SIP return: 16.14%
Rs 10,000 SIP value: Rs Rs 1.53 crore
Why it worked
Launched in October 2004, the fund follows a concentrated strategy, taking high-conviction bets on a limited number of companies.
SBI Focused Fund’s details
Launch date: October 11, 2004
Benchmark: BSE 500 TRI
Risk level: Very High
AUM (Nov 30, 2025): ₹42,773 crore
Expense ratio: 1.53%
Lump sum returns
3-year: 17.49%
5-year: 17.17%
10-year: 15.54%
SBI Focused Fund – Top stock holdings
Alphabet (Google) – 8.71%
HDFC Bank – 6.60%
Muthoot Finance – 6.13%
State Bank of India – 5.26%
Bajaj Finserv – 4.90%
4. SBI Healthcare Opportunities Fund
20-year SIP return: 16.08%
Rs 10,000 SIP value: Rs 1.52 crore
Why it worked
Healthcare has been cyclical in the short term but structurally strong over decades. This fund, launched in July 1999, capitalised on that trend.
SBI Healthcare Opportunities Fund’s details
Launch date: July 5, 1999
Benchmark: BSE Healthcare TRI
Risk level: Very High
AUM (Nov 30, 2025): Rs 4,131 crore
Expense ratio: 1.93%
Lump sum returns
3-year: 23.49%
5-year: 17.29%
10-year: 11.30%
SBI Healthcare Opportunities Fund – Top stock holdings
Sun Pharmaceutical – 11.97%
Divi’s Laboratories – 6.90%
Max Healthcare – 5.63%
Cipla – 4.45%
Lupin – 4.23%
5. SBI Midcap Fund
20-year SIP return: 16.06%
Rs 10,000 SIP value: Rs 1.51 crore
Why it worked
Mid-cap stocks are volatile, but over long periods they can generate strong growth. This fund, launched in March 2005, reflects that journey.
SBI Midcap Fund’s details
Launch date: March 29, 2005
Benchmark: NIFTY Midcap 150 TRI
Risk level: Very High
AUM (Nov 30, 2025): ₹23,360 crore
Expense ratio: 1.66%
Lump sum returns
3-year: 16.19%
5-year: 20.96%
10-year: 14.61%
SBI Midcap Fund – Top stock holdings
Bharat Heavy Electricals – 3.74%
Torrent Power – 3.66%
Mahindra & Mahindra Financial Services – 3.58%
CRISIL – 3.12%
Sundaram Finance – 3.02%
Why long-term SIP investing works
These five funds clearly show how SIPs reward patience. Regular investing helps average out market volatility, while long holding periods allow compounding to do the heavy lifting. Over 20 years, returns start generating returns of their own — turning modest monthly investments into large retirement-sized corpuses.
Important note for investors
These returns reflect past performance, which may not be repeated in the future. Mutual fund investments should not be based on returns alone. Investors should also consider risk appetite, goals, time horizon, asset allocation, fund strategy and market conditions before investing. Consulting a financial advisor is advisable.