Investment in stock and mutual funds can make you a millionaire, everyone knows this. But, every month an investment of just Rs 10,000 is rarely given examples of investor becoming a millionaire. Experts say that a regular investment of Rs 8,000-10,000 in the equity scheme of mutual funds can really make you a millionaire. If you are investing from SIP every month, then you have to keep making this investment. If you have not yet started investing in the equity scheme of mutual funds, then you should start it soon. Let us now tell about the scheme that has made SIP investors a millionaire.
Investment in lordCap and midcap stocks
Name of this fund SBI Large and Midcap Fund Is. The scheme of SBI Mutual Fund started in 1993. It is an open ended equity fund. This fund invests in both largecap and midcap companies. From the beginning, the return of this scheme is 13.33 percent, which is quite attractive. It is necessary to invest at least 35 percent of its funds in largecap stocks. It is necessary to make the same investment (35%) in midcap.
Investment of 30 % fund for diversification
SBI Largecap and Midcap Fund has strategy growth and value investment. Also, this fund uses top-down and bottom-up approach to invest in stocks of different sector companies. This fund has the freedom to invest 30 percent of its funds according to its wish. He can do his 30 % fund in smallcap stocks, date instruments and money market instruments. This gives Midad in this fund in diversification.
10000 sip became 6.75 crores in 32 years
If you had invested this scheme for Rs 10,000 every month from the beginning, then today your money would have increased to Rs 6.75 crore. This is a return of 15.71 percent. The return of this fund in different time frames has also been excellent. Its return is 15.6 percent in 15 years. Its return is 15.57 percent in 10 years. Its return is 18.44 percent in 5 years. Its return is 13.65 percent in 3 years. This is more than the returns of its benchmark Nifty Large Midcap 250 TRI.
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The highest investment in these stocks
SBI Mutual Fund is the largest asset management company in the country. The asset under management of SBI Large and Midcap Fund was Rs 28,681 crore on 31 January 2025. Sourav Pant has been managing this fund since September 2026. This fund has invested in veteran shares like HDFC Bank, Kotak Mahindra Bank, Axis Bank, RIL, Abbott India. It has 26 per cent investment in financial services companies.