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SBI Mutual Fund | Only Rs 50,000 will turn into Rs 1,18,00,000, however, there are risks and opportunities available in the market today to get good returns. We are going to give you information about a mutual fund scheme of SBI, in which lump sum investment can be a profitable deal for you.

SBI Magnum Midcap Fund
This fund has been beating its benchmark for the last three-four years. You can do lump sum as well as SIP in this fund. If you look at the returns, the fund has given 24.21% return in one year, 35.38% in three years and 22.68% in five years and the all time return has been 20%. If you know that the NAV of this fund is Rs 200 and its fund size is Rs 12,555 crore. In this you can start minimum SIP from Rs 500. If you look at its holdings, it is CRISIL, Schaeffler, Thermax etc. If you look at its sector holdings, it is automobile, capital goods, financials etc. Its expense ratio is 0.88% and if you withdraw the fund within 1 year, its exit load will be 1%.

You will get Rs 1,18,00,000 on investment
Suppose you have made a lump sum investment of Rs 50,000 in it. Looking at its return history we assume that the returns will be 20%. These returns are not at all certain because, as we know, returns in mutual funds completely depend on market conditions. Now let us assume a period of 30 years, as mutual funds always create a bigger fund in the long term, while here the total fund will be Rs 1,18,00,000. So you can yourself think that your investment of Rs 50,000 can give you crores of rupees. But reports show that mutual funds have always performed better than inflation, so there is a high chance of the corpus being profitable.

Disclaimer : Investment in mutual funds and stock market is based on risk. Before investing in the stock market, consult your financial advisor. tezzbuzz.com will not be responsible for any financial loss.

News Title : SBI Mutual Fund 10 August 2024.