SBI Mutual Fund is the asset management company of the State Bank of India. The number of mutual fund schemes run by the organisation and the amount that many investors put into them have led to the total assets under management touching ₹12 lakh crore. The SBI Large Cap Fund is the biggest fund among all mutual funds of the company. This fund manages a total of ₹54,688 crore. Many long-term, consistent investors in this scheme have even earned returns worth several crores.
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SBI Large Cap Fund
The SBI Large Cap Mutual Fund was launched in February 2006, which means 19 years ago. An investor who started a monthly SIP of ₹10,000 in this fund from the beginning has received returns of more than ₹1 crore now. The NAV of the fund as of November 17 this year was ₹94.89. Here’s how different kinds of investments have grown in this fund.
SBI Large Cap Fund return
Investors can invest in any mutual fund through two routes-SIP or lump sum. It is called a lump sum when the investment is one-time, while it is called an SIP when the monthly investment is fixed.
Those who invested ₹1 lakh as a lump sum in the SBI Large Cap Fund now have approximately ₹9,45,990.
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Here's how the investment value changed over time:
In 3 years, the investment grew to ₹1,48,540
In 5 years, it became ₹2,39,210
It reached ₹3,34,750 in 10 years.
In 15 years, it became ₹5,99,380
Those investors who invested ₹ 10,000 every month through SIP have now become millionaires. Over 19 years, with an SIP of ₹ 10,000 per month, they invested a total of ₹ 23,80,000, which has grown to ₹ 1,06,14,519.
