Rating of mutual funds by volume of funds raised (net inflow) as of 10/31/2017. Rating of management companies by net asset value of open mutual funds and private mutual funds as of 10/31/2017. Source: Investfunds.ru.
Sberbank Asset Management JSC was registered by the Moscow Registration Chamber on 04/01/1996. License of the Federal Commission for the Securities Market of Russia to carry out activities related to the management of investment funds, mutual funds and non-state pension funds No. 21-000-1-00010 dated 09/12/1996. License of the Federal Securities Commission of Russia No. 045-06044-001000 dated June 7, 2002 to carry out securities management activities. Familiarize yourself with the terms and conditions of asset management, obtain information about Sberbank Asset Management JSC and other information that must be provided in accordance with current legislation and other regulatory legal acts of the Russian Federation, as well as obtain detailed information about mutual investment funds (hereinafter referred to as mutual funds) and You can familiarize yourself with the rules of trust management of the mutual fund (hereinafter referred to as the mutual fund PDU) and other documents provided for by the Federal Law of November 29, 2001 No. 156-FZ “On Investment Funds” and regulations in the field of financial markets at: 123317, Moscow , Presnenskaya embankment, 10, on the website http://www.. Information to be published in the printed edition is published in the “Appendix to the Bulletin of the Federal Service for Financial Markets”. The value of investment shares may increase and decrease, the results of investing in the past do not determine future income, and the state does not guarantee the profitability of investments in mutual funds. Before purchasing an investment share, you should carefully read the mutual fund's policy. The Mutual Fund PDU provides for premiums (discounts) to (c) the estimated value of investment units upon their issuance (redemption). Charging premiums (discounts) will reduce the profitability of investments in mutual fund investment units. The performance of the securities manager in the past does not determine the future income of the management founder. In relation to mutual funds, the Risk / Income levels are indicated based on the generally accepted understanding of how the specified investment objects are located on the risk-return scale. “Risk” and “Income” in relation to mutual funds do not mean the acceptable risk and expected return provided for by Bank of Russia Regulation No. 482-P dated August 3, 2015. Open Investment Fund RFI "Sberbank - Bond Fund "Ilya Muromets" - rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on December 18, 1996 under No. 0007-45141428. Open Investment Fund RFI "Sberbank - Share Fund "Dobrynya Nikitich" - the rules of trust management of the fund are registered by the Federal Financial Markets Service of Russia on April 14, 1997 under No. 0011-46360962. Open Investment Fund RFI “Sberbank – Balanced Fund” - the rules of trust management of the fund are registered by the Federal Financial Markets Service of Russia 21. 03.2001 for No. 0051-56540197. Open Investment Fund RFI “Sberbank – Small Capitalization Share Fund” - rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on March 2, 2005 under No. 0328-76077318. Open Investment Fund RFI "Sberbank - Perspective Bond Fund" - rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on March 2, 2005 under No. 0327-76077399. Open Investment Fund RFI "Sberbank - Natural Resources" rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on August 31, 2006 under No. 0597-94120779. Open Investment Fund RFI "Sberbank - Telecommunications and Technologies" rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on August 31, 2006 under No. 0596-94120696. Open Investment Fund RFI "Sberbank - Electric Power Industry" rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on August 31, 2006 under No. 0598-94120851. Closed real estate mutual fund "Commercial real estate" - the rules of the fund are registered by the Federal Financial Markets Service of Russia on August 25, 2004 under No. 0252-74113866. Open Investment Fund RFI "Sberbank - America" ​​- rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on December 26, 2006 under No. 0716-94122086. Open Investment Fund RFI "Sberbank - Consumer Sector" - rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on March 1, 2007 under No. 0757-94127221. Open Investment Fund RFI "Sberbank - Financial Sector" - rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on August 16, 2007 under No. 0913-94127681. Open Investment Fund RFI "Sberbank - Active Management Fund" - rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on October 11, 2007 under No. 1023-94137171. Open Investment Fund RFI "Sberbank - Emerging Markets" - rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on September 28, 2010 under No. 1924–94168958. Open Investment Fund RFI "Sberbank - Europe" - the rules of trust management of the fund were registered by the Federal Financial Markets Service of Russia on February 17, 2011 under No. 2058-94172687. Open Investment Fund RFI "Sberbank - Global Internet" - the rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on June 28, 2011 under No. 2161-94175705. Open Investment Fund RFI "Sberbank - Global Debt Market" - rules for trust management of the fund were registered by the Federal Financial Markets Service of Russia on November 30, 2010 under No. 1991-94172500. Open Investment Fund RFI "Sberbank - Gold" - the rules of trust management of the fund were registered by the Federal Financial Markets Service of Russia on July 14, 2011 under No. 2168-94176260. OPIF RFI "Sberbank - Eurobonds" - rules for trust management of the fund are registered by the Federal Financial Markets Service of Russia on March 26, 2013 under No. 2569. Closed mutual fund of real estate "Sberbank - Residential Real Estate 2" - rules for trust management of the fund are registered by the Bank of Russia on 05/07/2014 under No. 2788. OPIF RFI "Sberbank" – Biotechnologies” - the rules of trust management of the fund are registered by the Bank of Russia 23. 04.2015 for No. 2974. Closed real estate mutual fund "Sberbank - Residential Real Estate 3" - rules for trust management of the fund were registered by the Bank of Russia on 08.27.2015 for No. 3030. Closed real estate mutual fund "Sberbank - Rental Business" - rules for trust management of the fund were registered by the Bank of Russia on 02.25.2016 for No. 3120. Open-end mutual fund RFI "Sberbank - Global Engineering" - rules for trust management of the fund were registered by the Bank of Russia on July 5, 2016 under number 3171. Closed-end mutual fund of real estate "Sberbank - Rental business 2" - rules for trust management of the fund were registered by the Bank of Russia on September 29, 2016 under number 3219. » Open Investment Fund RFI "Sberbank - Denezhny" rules for trust management of the fund were registered by the Bank of Russia on November 23, 2017 under No. 3428. Until 12:00 Moscow time, preliminary data on the value of assets of mutual investment funds managed by Sberbank Asset Management JSC (hereinafter referred to as the Funds) and the value of investment shares of the Funds are published on the website. Preliminary data is NOT official information about the net asset value of the Funds and the estimated value of investment units of the Funds and is for informational purposes only. Preliminary data may differ from the Funds' officially published net asset value and the estimated value of the Funds' investment units. After 12:00 Moscow time, official information on the value of the Funds’ net assets and the estimated value of the Funds’ investment units, determined in accordance with Bank of Russia Directive No. 3758-U dated August 25, 2015, is published on the website.Please send your comments and suggestions regarding this site to.

The management company Sberbank Asset Management is one of the leaders in the investment market. The company manages pension savings in non-state pension funds, assets of insurance companies, mutual investment funds, assets of banks and individuals, and federal budget funds.

Sberbank Management Company offers services to investors

• Asset management through mutual funds;
• Financial planning;
• Maintaining IIS.

Sberbank Asset Management is considered the strongest team with unique knowledge that allows it to use several management strategies - from balanced to aggressive.

Sberbank management statistics:

• The company manages more than 523 billion rubles;
• 95,000 private clients;
• Market share of open-end mutual investment funds – 24.8%;
• Reliability rating – AA+ (the highest, according to Expert RA);
• The company manages 20 open mutual funds.

The company cooperates with foreign and Russian brokers, which allows it to obtain good price conditions for executing transactions. Our own analytical team with extensive experience in managing government assets and corporate funds will help you increase your savings through smart investing in mutual funds.

Asset management through mutual funds

Sberbank Management Company offers a wide range of funds - from classic to sector and country:

• Open-end bond funds (Ilya Muromets, Advanced Bond Fund, Eurobonds, Global Debt Market);
• Open-end equity funds (Dobrynya Nikitich, Natural Resources and Electricity, etc.);
• Open-End Mixed Investment Fund (Balanced);
• Open mutual fund of Sberbank funds (asset management of the fund America, Europe, Emerging Markets, Global Engineering, Gold Biotechnology);
• Real estate EPIPHS (Residential, Commercial, Rental business).

Most mutual funds demonstrate high annual returns:

Ready-made solutions for your investments

The modern financial system offers many tools for increasing your own savings. One of them is Sberbank shares, which allow you to receive your share in the organization’s chosen investment project and subsequent income from it.

What are mutual funds

You can increase your savings in different ways. The most popular and easiest way for ordinary citizens is to participate in mutual funds. Mutual funds are a collective tool for increasing finances by pooling funds into a special fund. It is managed by organizations with a special license. Sberbank mutual funds are among such companies.

How mutual funds work

Various segments of the population invest in investment funds. Traders and other people within the organization manage these funds by purchasing and selling securities. The difference from the purchase and sale becomes profit or loss. The trust management of Sberbank and other companies working with mutual funds is built on this. Sberbank am ru users can buy shares online.

How to make money on mutual funds

Investment funds receive their main income from the sale of securities. To quickly make money on mutual funds, you need to purchase shares when their value decreases and sell when they increase. There is another group of investors who make balanced deposits for a long period of time. The advantage of this tactic of trading and managing shares is the statistical approach, which states that the value of securities increases after a few years.

Sberbank mutual funds - profitability

The global and domestic financial markets are unpredictable, as evidenced by feedback from shareholders. With 100% probability, no one will be able to predict which investment deposit in Sberbank will bring you a large amount of money and which will become unprofitable. All responsibility for the shares falls on the investors themselves, therefore, especially for the convenience of clients and financial planning, there is a mutual fund profitability calculator in your personal account.

Investment projects of Sberbank

The company is engaged in the implementation of medium- and long-term financing. Sberbank's investment portfolios are varied. You can invest money in natural gas and other resources, or donate it to small businesses. It is possible to purchase shares in America. Any adult citizen of the country can make investments in Sberbank. Thanks to trust management, the client does not need to learn the intricacies of stock trading. The main page of the investment projects website shows the profitability of mutual funds by year.

Sberbank biotechnology

The program is based on an investment in the iShares NASDAQ Biotechnology ETF. The turnover includes shares of pharmaceutical and biotechnology companies. The price of shares is determined by the dynamics of NASDAQ Biotechnology. The program is designed for long-term investments. Over the past 3 years, the Sberbank Biotechnology Mutual Fund has demonstrated a steady decline in share prices and excessively high risks.

Mutual Fund Ilya Muromets Sberbank

Investments under this program are directed to domestic companies operating at the state, municipal and corporate levels. The profitability of the mutual fund Ilya Muromets has increased over the past 3 years. The program demonstrates a low level of risks and is suitable for novice investors. The minimum deposit is 15,000 rubles, and it must be kept for at least a year.

Global Internet Mutual Fund Sberbank

The program is aimed at financing enterprises operating on the World Wide Web. Sberbank Mutual Fund Global Internet demonstrates stable growth of shares along with a high level of risks. Investments occur not only in Russian, but also foreign enterprises operating in the Internet sector. The average investment period is 3 years. A sharp decline in share prices is possible in the short term due to fluctuations in the global technology market.

Sberbank - risky bond fund

Under this program, all investments are directed to second- and third-tier enterprises. Sberbank's risky bond fund demonstrates an average increase in share prices of 39%. Asset diversification among industries is high. Before choosing an investment object, Sberbank traders analyze its credit history. The risk level of this program is at an average level, as is the minimum investment period of one year.

Mutual Fund Dobrynya Nikitich Sberbank

The program is aimed at investing in companies related to the oil and gas industry. Over 3 years, the Dobrynya Nikitich Sberbank fund demonstrated an increase in share prices of 43%. The basis of the investment portfolio is liquid shares. Some finances may be used to purchase shares of promising second-tier enterprises. Shares are selected after checking companies for reliability. The main share of the portfolio consists of fixed income instruments. A decrease in the value of shares is possible in the short term due to fluctuations in the financial position of the markets.

Sberbank Eurobonds - Mutual Fund

The program offers to invest your assets in promising enterprises in Russia and the CIS. A low level of risks is achieved by converting funds into a currency other than the ruble. The yield on Sberbank Eurobonds over 3 years reached 96%. The minimum investment period for this program is 1 year, which makes it ideal for beginning investors with large starting capital. Diversification of assets by industry is high. Investors can independently manage their financial portfolio.

Sberbank Mutual Fund Consumer sector

Investors under this program will be able to sponsor any Russian enterprise. This fund mainly includes organizations involved in the production of consumer goods, telecommunications network maintenance and finance. Shares of Sberbank Consumer Sector have risen in price by 92% over 3 years. But along with the increase in the value of shares, investors must be prepared for a high level of risks. A large share of the shares of this program belongs to foreign enterprises.

How to invest money in Sberbank mutual funds

A profitable way to invest money in financial institutions other than mutual funds is through deposits. Their main advantage is stable but small profits. If you decide to invest money in Sberbank mutual funds, then first familiarize yourself with their annual profitability and risk schedules. It is better for novice investors not to take risks and transfer finances to funds with low risks. As you analyze the market and learn the basics of investing, you can move on to projects with a high level of risk and profit percentage.

Sberbank - current prices of mutual funds

The price of shares directly depends on the stability of the country's financial situation. The highest growth in value is shown by Sberbank investment products with a high level of risks. The growth in share prices in low-risk projects reaches 25% over 3 years. The average cost of shares sold by the company is 850 rubles. 48 kopecks The highest share price is for the Ilya Muromets fund. You can study the current cost of Sberbank mutual funds of any program of interest on the company’s official website.

Rating of mutual funds by profitability

Investments in any organization must be effective from a financial point of view. The rate of return is an actual indicator that confirms or refutes the profitability of securities. In order not to make a mistake in choosing an investment project and not to lose your own savings, we suggest that you study the rating of Sberbank mutual funds.

Video: what is a mutual fund

Sberbank Asset Management is one of the most productive and significant management companies in Russia. It began its history in 1996 and is undoubtedly the founder of the field of securities management in Russia. Over the impressive period of its existence, the organization has overcome many crisis situations and was able to maintain and strengthen its leading position in this industry. At the moment, it can provide its clients with a wide range of investment services. Such a high position was achieved thanks to the professionalism of the employees, each of whom has at least ten years of experience in this industry. An article on the site will tell you what assets are in Sberbank and how they are managed.

From 1996 to 2012 the company was an independent organization of Troika Dialog. During its existence, it developed rapidly. In 2001, it began offering its clients all major groups of mutual funds. In 2003, the organization was chosen to control the funds of the Russian Pension Fund. From 2004 to 2007, Troika Dialog achieved leadership in the field of regulation of mutual funds. In 2009 and 2010, during the market recovery after the crisis, he completed frozen projects and implemented new ideas. In 2011 and 2012, the organization begins to operate under a new name in connection with the acquisition by Sberbank of 100% of the company's shares.

Sberbank asset management - mutual funds

The abbreviation PIF stands for “Mutual Investment Fund”. This is a more profitable alternative to bank deposits, one of the methods of increasing your funds. Its essence is that the money of all investors is pooled into a specially created fund, after which he can purchase securities with it. In order to become an investor, you need to buy fund shares (shareholder's share). Accordingly, in order to get out of it, you need to sell these shares.

The company's mutual funds operate stably and generate income. These include classic (stocks, bonds) and specialized (sector, country).

Everyone who decides to increase their capital by investing money chooses the mutual fund that is suitable for them, based on the ratio of the desired profit and the expected risk. If you cannot make a choice, financial specialists are always ready to help you.

Open Investment Fund "Residential Real Estate" - specializes in increasing capital through the sale of apartments purchased while they have not yet been completed. The emphasis here is on price changes in the real estate market. The investment mechanism is as follows: after a construction company receives permission to build an apartment building, the mutual fund acquires the rights to participate in the construction, then after completion of construction it sells these apartments at a more favorable price. Residential real estate in Moscow and the Moscow region comes under attention; investments are made for a period of one to two and a half years.

Sberbank asset management - Ilya Muromets

This largest mutual fund on the Russian market specializes in extracting profits based on changes in the exchange rate of securities offered by domestic issuers and having clearly defined profitability and a low probability of risk. It invests in bonds only from domestic issuers with adequate credit quality and above-average payment stream terms. Bonds that have the potential to increase in value are taken into account. The initial purchase can be made in the amount of 15,000 rubles, additionally - from 1,500, while the profit will be 1.5% of the average annual rate, the possibility of losses is low.

Specializes in making a profit from investing in shares owned by domestic communications companies. As is the case with other issuers, shares of telecom operators, enterprises specializing in information technology, etc. have a high degree of risk of decreasing value. Therefore, experts carefully study all possible options for changing their price, on the basis of which further investment takes place. The minimum initial cost of shares is 15,000 rubles, additional - from 1,500, profit - 3.2% of the average annual price, the probability of capital loss is above average.

Open investment fund "Balanced" - bonds have a low risk of depreciation, but at the same time low yield. Stocks, on the contrary, provide high returns with a high degree of risk. The Balanced Mutual Fund is aimed at generating profit from transactions with both those and other securities of domestic issuers, which ensures a balance between risk and profitability. Funds are optimally distributed between investments. The ratio of securities in the fund's portfolio may change depending on the market situation. Initially, you can purchase shares in the amount of 15,000 rubles, additionally - from 1,500, the profit is 3.1% of the average annual rate, the possibility of losses is average.

Specializes in long-term profit generation from transactions with shares of domestic issuers that provide services of Internet portals, online stores, and also provide Internet access. This area of ​​the market is constantly evolving, so investing in it can be very profitable, and more importantly, long-term. The fund's portfolio may include securities of small and large companies that have established themselves as leaders in their market spectrum. The initial purchase of shares is made in the amount of 15,000 rubles, additional - from 1,500, the profit is 3.2% of the average annual cost, the possibility of losses is high.

Open Investment Fund "Money Market Fund" is specialized in generating income from investing in bonds with a short duration, owned mainly by domestic issuers with a good credit history. This path is recommended for investors aimed at long-term investment with low income. The initial purchase of shares is made in the amount of 15,000 rubles, additional - from 1,500, the income is 0.5% of the average annual price, the probability of capital loss is low.

UK Sberbank asset management - trust management

Investing is a difficult task and requires full dedication and certain skills. Otherwise, the possibility of losing invested capital increases and the effectiveness of investments decreases. To ensure a stable high income, you can entrust your financial transactions to a specialist from an organization that has been providing these services since 1996 and is a leader in its field.

Sberbank asset management - pension savings

In 2003, the Russian Ministry of Finance selected the most suitable organization that could provide trust management of pension savings. The winner was Sberbank Asset Management. At the moment, it is one of the leaders in the number of pension savings under control. The activity is aimed at increasing finances in the long term. This is achieved through careful selection of securities for the portfolio that are of the highest quality and have the potential for exchange rate growth. You can always find out about the situation with investing your pension savings at the Pension Fund branch at your place of residence.

Sberbank Asset Management: Mutual funds or myths?

We study mutual investment funds of Sberbank

It can be difficult for novice investors to understand exchange instruments and the nuances of trading through a broker. In addition, not everyone is satisfied with the profitability of bank deposits. We have previously addressed the topic of mutual funds (). This review is devoted to funds created and managed by Sberbank structures. As always, no advertising, only personal opinion with an eye to objectivity.

Let's get acquainted with Sberbank mutual funds

I've been running this blog for over 6 years. All this time I regularly publish reports on the results of my investments. Now the public investment portfolio is more than 1,000,000 rubles.

Especially for readers, I developed the Lazy Investor Course, in which I showed step by step how to put your personal finances in order and effectively invest your savings in dozens of assets. I recommend that every reader complete at least the first week of training (it's free).

Services for investing in mutual funds are now offered by various management companies. As long as there is competition, specific conditions and profitability are of interest. So, mutual funds of Sberbank. They are directly managed by the subsidiary company "" (website sberbank-am.ru). It has been on the market since 1996, but until November 2012 it was called Troika Dialog, after which it was bought by Sberbank. Currently, the company manages 21 open-end mutual funds (OPIF) and 5 closed-end real estate funds () with a total capital of 775 billion rubles. They all differ in levels and profitability:

• Low risk and low income (most open mutual fund bonds);
• Average risk and average income (all closed mutual funds, open mutual funds: Gold, Perspective Bonds and Balanced);
• High risk and high income (all open-end mutual fund of shares, 4 open-end mutual fund of funds).

As a rule, you can purchase shares of Sberbank closed mutual fund only when creating a fund. This is explained by the fact that by purchasing a number of objects, the fund stops investment operations on the market for several years and receives income from rental payments. In the future, he sells these objects at the highest possible price in order to make a profit on rising prices. The owner of a unit of a closed mutual fund can receive passive income if this is provided for by the rules of the fund. The owner of an open mutual fund share does not have passive income. He is not paid any coupons on , nor dividends on , in which the fund invests. The only income an investor can receive is the sale of a share at a higher price than the purchase price.

Open mutual funds of Sberbank are divided by structure into bond, stock and mixed funds. Bond funds are recommended for conservative and novice investors due to the much lower volatility of the share price. Unlike a savings deposit, in mutual funds the bank cannot guarantee either a fixed return or the absence of losses. In general, this type of investment involves long-term investments, given that not every year ends with a profit.

You can buy shares in 2 ways: at Sberbank branches or through your personal account. Purchases through LC are made on the website of the management company or on the State Services portal (gosuslugi.ru). The online method is not only more convenient, but also more economical: if in a bank branch the minimum share costs 15,000 rubles, then only 1,000 rubles are enough to buy online. This allows even people with low incomes to form a diversified income. When buying and selling shares, agency commissions are generally charged. The agent can be Sberbank PJSC or another bank working under an agreement with the management company. These commissions have nothing to do with payment for money management services; they are charged for processing the transaction. When purchasing a share, the commission depends on the amount invested: if it is less than 3 million rubles, then 1%, and starting from 3 million rubles. decreases to 0.5%.

When selling a share, a commission is charged only if the investment period is less than 372 days. So, for a period of 180 days or less, the rate is 2%, from 181 to 371 - 1%. Mutual fund management services are subject to a commission, which depends on the specific fund and can vary widely (usually from 1.5 to 3% per annum). There is also a commission charged by the depository, and the item “other expenses”. In total, all these expenses can “eat up” the investor’s annual profit and even bring him a loss. As for, if the share was purchased later than 01/01/2014 and was in the possession of the investor for more than 3 years, then no matter what the interest income was during this time, there is no need to pay income tax (NDFL) on it. The investor receives a tax exemption under the benefit for long-term holding of securities (). The only limitation is the maximum amount of tax-free profit: no more than 3 million rubles. in year.

Profitability of Sberbank mutual funds

The profitability of a particular fund can be found out from its description, which provides brief statistics. But firstly, for a number of funds data is available only for the last 3 years, and secondly, sometimes it is useful to compare the profitability of this fund with others. Comparative statistics for the entire period are available on the page sberbank-am.ru/individuals/fund/yield/. And we must not forget that high returns in the past cannot be guaranteed in the future.

In this sample of leading funds over the past 3 years, the highest return was shown by the Natural Resources fund, which invests in the extractive industries. More than 80% of its structure is shares of oil companies. During the period under review, a favorable situation developed in this market. If oil prices fall sharply, the fund is at risk of large losses due to too high a share of one type of asset. Fund profiles (portfolio composition, terms of purchase and sale of shares, statistics on profitability and volatility) can be downloaded in pdf format at sberbank-am.ru/info_centr/#profiles, but in terms of volume and content this information repeats that given online on the pages with a description of specific funds.

Mutual Fund "Biotechnologies"

An example of an industry mutual fund is the Biotechnology fund, which invests in the iShares Nasdaq Biotechnology index (stock ticker IBB). The shares that make up it are listed on the stock exchange. In addition to this index, the Biotechnology fund invests in common and preferred shares of foreign companies operating in the biotechnology sector, but not included in the index. At the time of writing, the share price shows a loss of more than 22% over 3 years. The dynamics of the corresponding ETF from January 2001 to the beginning of 2014 showed significant growth:

The negative situation of the last 3 years is explained by the cyclical development of economic sectors. For example, the manufacturing sector progresses most actively in the first post-crisis years, the pharmaceutical and biotechnology sectors receive development impetus a little later, and then follow the dynamics of the broad market. Such points must be taken into account when forming a portfolio, diversifying risks as much as possible. The Biotechnology fund was created recently and statistics on it are available only starting from June 1, 2015. At that time, the biotechnology sector was already in a decline phase, so the fund does not look very attractive as a candidate for purchase.

Mutual Fund "Consumer Sector"

This fund invests in consumer market companies - predominantly Russian, with a small share of foreign ones. Almost 60% of capital is concentrated in shares of retail chains. The fund is positioned by the management company as a leader in terms of profitability over 5 years. On the page of the fund itself, the profitability graph is displayed only for the last 3 years, and during this interval the fund has a negative result (currently -1.65%). In general, for most of the fund's history, its return was lower than that of an industry benchmark compiled from the Moscow Exchange consumer goods index and 2 indices of corresponding sectors based on the S&P 500.

Throughout 2018, negative dynamics were observed amid falling consumer demand. The fund was recognized as a leader as of December 31, 2016, but this information is indicated in small and pale font, and is almost invisible against the background of the rest of the text. This is one example of how a management company manipulates facts in a light that is favorable to it. If we look at the period from the founding of the fund to the present on the profitability comparison page, while the Consumer Sector is still ahead, ahead of the Natural Resources fund.

Mutual Fund "Ilya Muromets"

One of the most popular mutual funds of Sberbank is the Ilya Muromets bond fund. He invests in Russian securities with constant profitability: mainly in corporate, in a much smaller volume - in, regional, etc. The accumulated return on the share over 5 years was 38% (on average about 7% per annum). At the same time, in the winter of 2014–2015, the peak drawdown reached 23%. The fund’s seemingly enormous return since its inception (more than 6,300%) is explained by both the long investment period and the high key rates of the Central Bank of the Russian Federation in force in 1997–2002. A commission of 1.5% is charged for asset management. Fund structure as of November 30, 2018:

In terms of profitability accumulated over the life of the fund, Ilya Muromets leaves far behind the leader among equity funds, the Consumer Sector. This once again emphasizes that investing is an activity for many years, and reliability is preferable to risk. But another conclusion follows from this. Since bonds are not inferior to stocks as a long-term asset, it is easier and more profitable for an investor, even a beginner, to invest directly in bonds than in a fund. This way you can save on commissions and regularly receive coupon income.

Sberbank mutual funds, reviews from shareholders

According to Sberbank Asset Management, the company has 95,000 private clients. Despite this, there is surprisingly little meaningful feedback from shareholders. Moreover, if the positive responses are written in the style of “everyone is happy, I recommend”, then the negative ones are quite detailed. Among the disadvantages, many investors point to the non-transparent mechanism for calculating profits. By purchasing shares of one of the funds and simultaneously tracking the profitability of a portfolio of the same composition, they noted a much higher return on the portfolio.

There are many complaints about inattentive service and poor organization of technical support. Detailed description of the real story of an attempt to buy Sberbank mutual fund: banki.ru/services/responses/bank/response/6418723/. An error by bank employees in crediting funds, redirecting them from one account to another, and the investor’s attempts to get the money back took 3 months. And this is far from an isolated case.

conclusions

As an investment instrument, Sberbank mutual funds do not demonstrate convincing returns at almost any time interval. In theory, they could be seen as a low-cost replacement for a diversified stock portfolio. But in practice, the conservative bond fund takes the lead in terms of profitability. However, in this case, a more profitable alternative is investing in the securities themselves, which eliminates at least the need to pay management fees and makes it possible to receive coupon income. In addition, numerous complaints about the quality of customer service are not in favor of cooperation with the management company of Sberbank.

If you have experience working with Sberbank mutual funds, then write reviews in the comments.

Profit to everyone!