Everyone knows about the excellent returns of the mutual fund scheme. However, small investment rarely listen to the stories of investors becoming millionaires. If you had started investing Rs 10,000 in SBI Large and Midcap Fund with SIP in 1993, then you would have been Rs 6.75 crore today. The scheme was launched about 32 years ago. This has made investors rich.
One lakh investment would have been made more than 54 lakhs
If in 1993, SBI Large and Midcap Fund had invested a lump sum of Rs 1 lakh, then this money would have been Rs 54.84 lakh today. This is an example of great returns from investing in the long term. Investors get the benefit of compounding from long -term investment. The strength of compounding makes the investor making small but regular investments a millionaire. This is the reason why financial advisors recommend investors to invest long -term in the scheme of mutual funds. Especially they ask SIP to invest.
13.33 percent return from the beginning
SBI Mutual Fund said in a statement issued on March 3, “SBI Large and Midcap Fund has completed 32 years. It invests in both open ended-peam largecap and midcap. Had he had invested outright, his money would have been Rs 54.84 lakh. “
Asset Under Management Rs 28,681 crore
This scheme has also given excellent returns in the last five years. During this time its return has been 19.15 percent CAGR. This shows that its return in short term and long term has been fantastic. In this fund, the scheme has given 15.17 percent CAGR returns to investors investing from SIP from the launch till now. This scheme has given 15.6 percent returns in 15 years, 15.57 percent in 10 years and 13.65 percent in 3 years. The asset under management of this scheme is Rs 28,681 crore. Sourav Pant has been managing this fund since September 2016.