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At present various schemes are running in State Bank of India. Profits are easily earned by investing.

At present various schemes are running in State Bank of India. Profits are easily earned by investing. Today we are going to tell you about State Bank of India Mutual Fund Scheme.

Mutual funds

There are two types of mutual funds, one is SIP plan and the other is single investment plan. Going to tell about State Bank of India Mutual Fund SIP Scheme. Currently investing in mutual funds is becoming most popular. Because mutual fund SIPs earn higher interest rates than normal investments.

SBI Magnum Mid Cap Direct Plan

SBI Mutual Fund SIP Scheme may prove to be the best option for you. I am going to tell you how you can get funds of 22 lakh rupees by investing 2000 rupees. Investments in mutual fund SIPs earn higher interest than ordinary investments. SBI Magnum Mid Cap Direct Plan can be a profitable option. This mutual fund of State Bank of India was launched in 2013.

There have been great returns in the past

And this mutual fund has given great returns of 20.07 percent since 2013. If we look at the last 3 years returns of this mutual fund, it has given 24.44% returns. And in the last 1 year this mutual fund SIP has given excellent returns - 40.31 percent. If you invest Rs 2,000 per month in State Bank of India Mutual Fund SIP Scheme, you can get an approximate return of 20% per annum.

19 lakh 8590 taka interest!

If you invest 2000 rupees for 15 years, then the total investment will be 360000 rupees! You can earn interest of 19 lakh 8590 taka on this investment.