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SBI Mutual Fund | One of the biggest reasons for increasing investor confidence in SBI Mutual Fund is their great returns. SIP in particular has given ordinary investors a great opportunity to invest small amounts of money. Franklin Templeton Mutual Fund launched the first SIP in India in 1993. The first fund house was called Pioneer. In the last 30 years, there have been many mutual fund schemes that have made investors millionaires. Let's know about these plans. SBI, the country's largest government bank, has launched many schemes. In which you can secure your future by investing money. SBI Mutual Fund is the country's largest asset management company. This scheme is being run by SBI Mutual Fund. In which exposure is also debt linked to equity. Investors trust SBI Mutual Fund.

SBI Large & Midcap Fund
This fund was earlier called SBI Magnum Multiplier Plus. This fund was launched on February 28, 1993. It is a midcap fund with an AUM of Rs 27,382 crore.

SIP of Rs 1000 becomes Rs 93 lakh
If you had started a SIP of Rs 1000 every month in this fund in September 1994, your money would have grown to Rs 93 lakh today. This SIP has given a return of 17.4% in 30 years.

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News Title : SBI Mutual Fund 23 August 2024.