SBI Mutual Fund | When you discuss the investment with experts, they explain how the investment is beneficial for a long time. This is also true about the tax savings scheme of Mutual Fund of State Bank of India. This fund has completed 32 years a few days ago. This fund is one of the equity linked savings schemes.
SBI Long Term Equity Fund – Return of Rs 7.22 crore
Investors who have started an SIP of Rs 5000 from the start of this mutual fund, their investment amount will now have been Rs 7.22 crore. This fund started on 31 March 1993. SBI Long Term Equity Fund, Open-Anded Equity Linked Savings Scheme. It provides tax exemption according to 80C.
Return of Rs 14.44 crore on SIP
SBI Long Term Equity Fund has completed the target of long -term wealth creation. It has given good returns to investors. According to data from SBI Mutual Fund House, if an investor had started SIP of 10,000 at the time of the fund, his value would have increased to Rs 14.44 crore on 28 March 2025.
Tremendous return on investment
The amount invested by this investor between 32 years will be Rs 38.5 lakh. He has obtained a return of 17.94 percent annual CAGR. According to this, if someone has made an SIP of Rs 5000, then on 28 March 2025, the value of his investment amount in that fund will be Rs 7.22 crore. The manager of this fund is Dinesh Balachandran and he has been managing since September 2016.
Tax savings will also get tremendous returns
SBI Long Term Equity Fund is beneficial for investors who think of good wealth clipping by making long -term investment with tax savings. Due to tax savings, you cannot withdraw money for three years.
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