SBI Mutual Fund | This SBI mutual fund scheme is making rich, machine to print notes for investors
SBI Mutual Fund Some of the schemes of SBI Mutual Fund, run by the country's largest public sector bank SBI, are among the oldest schemes in the country. One of these funds is SBI Large and Midcap Fund, which was launched in 1993. It is one of the oldest 9 mutual fund schemes in the country. The fund has returned investors a CAGR of 14.88% since launch. People who invest money in the long run have become rich. This fund invests investors' money only in large cap and midcap.
SBI Large & Midcap Fund – Returns after launch
SBI Large & Midcap Fund was launched on February 28, 1993. The fund has given 14.88% returns. In terms of returns, if an investor had invested Rs 25,000 at the time of launch, its value today would have been around Rs 16 lakh.
SIP investors' silver
If an investor has a monthly SIP of Rs 2500 for 20 years, then its value today is equal to Rs 60 lakh. SIP of minimum Rs 500 can be started in SBI Large and Midcap Fund. A minimum investment of Rs 5000 is required for joint investment. The fund had total assets of Rs 4,543 crore as of July 31, 2021. This ratio was 2.11 percent. The money invested in this fund is invested in quality stocks like HDFC Bank, Page Industries Textiles, ICICI Bank, SBI, Infosys, Relaxo Footwears, Kirloskar Oil Engine Automobile and Bharat Forge.
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