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SBI Mutual Fund | Best mutual funds to invest is one of the most frequently asked questions from investors' investment advisors, colleagues and relatives. To meet investment goals, the best mutual fund list is helpful to an extent. Apart from returns, while investing, it is also important to see where tax can be saved. There are many schemes in the market where one also gets the benefit of tax exemption on investment. SBI Mutual Fund's SBI Long Term Equity Fund Scheme, which has double benefit.

SBI Long Term Equity Fund
Earlier, the fund was called SBI Magnum Taxgen and Magnum Taxgen Scheme 1993. The fund was launched on March 31, 1993. If you had started a SIP of Rs 1,000 every month in this fund in September 1994, your money would have grown to Rs 1.37 crore today. This SIP has given a return of 19.3% in 30 years.

SBI Long Term Equity Fund Returns
SBI Long Term Equity Fund has a lock-in period of 3 years. But this scheme has given huge returns to long-term investors. This fund was launched on March 31, 1993. Since its launch, it has returned a CAGR of 16.50 percent. Talking about the last 20 years, the return of this scheme is 22 percent CAGR. In 20 years, it has almost doubled the money of investors. That is, those who had invested Rs 50,000 have come close to Rs 26.5 lakh in 20 years.

Minimum Investment
* Lumpsum investment of monthly SIP: Rs 500 * Minimum SIP: Rs 500 * Lock-in period: 3 years * More information about the fund * Category: ELSS * Launch date: March 31, 1993 * Return since launch: 16.50% CAGR * Benchmark: S&P BSE 500 TRI

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News in Hindi | SBI Mutual Fund 18 September 2024 Hindi News.

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