These Top SBI Mutual Funds Turned SIPs into Gold: Rs 10,000 Monthly SIP Grew to Over Rs 1.24 Crore
SBI Mutual Fund is one of the most respected and oldest fund houses of India that has been consistently bringing excellent returns to investors through their schemes. Recently, research has shown seven SBI mutual fund schemes that have the ability to deliver outstanding growth wherein a SIP of Rs.10,000 per month has become a considerable amount in just 15 years. The schemes are, therefore, unique and capable of accomplishing enormous financial goals.
Seven High-Performing Schemes
1. SBI Infrastructure Fund
The performance of this scheme is very well, it gave a return of 32.35% in the last year and 16.28% over the past 10 years. If someone invested Rs 10,000 every month for 15 years, their total investment would have grown to Rs.71,59,243 with yearly returns of 16.72%.
2. SBI Long-Term Equity Fund
The is well known for its regular well performance. It provided a return of 40.70% in the last year and 14.65% over the past 10 years. If someone invested Rs.10,000 every month in SIP for 15 years, their money would have grown to Rs.73,47,727, with yearly returns of 17.01%.
3. SBI Contra Fund
This scheme showed growth, giving a return of 30.94% in the last year and 16.09% over the past 10 years. If someone invested Rs.10,000 every month in SIP for 15 years, their money would have grown to Rs.77,09,485, with yearly returns of 17.56%.
4. SBI Healthcare Opportunities Fund
This scheme has been focused on the healthcare sector. It has delivered returns of 43.23% in the last year and 13.36% over ten years. A monthly SIP of Rs.10,000 for 15 years led to a corpus of Rs.79,40,582 with annualized returns of 17.9%.
5. SBI Consumption Opportunities Fund
This fund has delivered strong returns. It has given 29.28% in one year and 16.57% in ten years. A 15-year SIP of Rs.10,000 has grown to Rs.86,62,063 with annualized returns of 18.89%.
6. SBI Technology Opportunities Fund
This technology-focused scheme delivered returns of 35.56% in the last year and 16.68% over ten years. A monthly SIP of Rs.10,000 for 15 years resulted in a corpus of Rs.90,85,892, with annualized returns of 19.43%.
7. SBI Small Cap Fund
This small-cap fund outperformed others in returns to the tune of 28.71% for a one-year period and 21.24% for the decade. Someone investing Rs.10,000 a month for the past 15 years is already having his investments turned into a respectable Rs.1,26,73,965 and getting an annualized return of 23.19%.
CONCLUSION
The schemes outlined above indicate how disciplined and systemic investment can create wealth over time. All the respective funds cater to different investment objectives and risk appetites, which should make them easily accessible to a wide range of investors.
From these top-performing schemes, it can be clearly seen that long-term investment in mutual funds can bring huge returns if it is supported by a strong fund house like SBI Mutual Fund. These funds are the epitome of the power of compounding and the benefits of staying invested through market cycles.
