Mutual Fund Investment: SBI Long Term Equity Fund is one of India’s oldest equity Linked Savings Scheme (ELSS). It was earlier known as SBI Magnum Taxgen Scheme. This 32-year-old tax saving fund also has a 3-year lock-in period and tax benefit for investors. In this scheme, investors can collect funds of more than Rs 1.5 crore from an investment of Rs 1000 every month through Systematic Investment Plan (SIP).

The scheme started in the year 1993

Launched on 31 March 1993, the fund initially offered the IDCW option (first dividend option), while the growth option was later introduced on 7 May 2007. The scheme has been benchmark in the Nifty India Consumption Total Return Index (TRI).

As of 31 March 2025, assets (AUMs) under the management of this scheme increased to Rs 27,730.33 crore. Dinesh Balchandran is the fund manager of this scheme since September 2016. The scheme mainly invests in equity and equity -related equipment, which has an allocation of more than 90 %, while the money market instruments have up to 10 % allocation.

Has given so much return in a year

This scheme has taken advantage of equity investment to take advantage of market opportunities, due to which the minor contribution given every month turns into large funds. As of April 3, 2025, the NAV of SBI Long Term Equity Fund Direct Plan-Goth is Rs 437.78, its expansion ratio has been 0.95 %.

In the last one year, the fund has given a return of 7.79 percent, while it has given an average annual return of up to 16.43 percent from the beginning, which is doubling investors’ money every 3 years. In this, asset allocation is specially done in financial, technology, energy, healthcare and mining sector.

Its top-5 holdings include HDFC Bank Limited, Reliance Industries Limited, ICICI Bank Limited, Bharti Airtel Limited and Hexavire Technologies Limited. In this scheme, you will gather funds of up to Rs 1.4 crore in a period of 32 years from SIP of Rs 1000 every month.

SBI Long Term Equity Fund – SIP Return of Regular Plan

• Upfront Investment- 1 lakh rupees
• Monthly SIP Amount- Rs 10,000
• Investment Duration- 3 years
• Total invested Rs 4,60,000 in 3 years
• 6,65,578 rupees on annual returns of 20.93 percent

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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When a person lives young and works, he does not have to think before spending. But after an age, when he gets old and he had no pension facility, he feels that I wish he would have put money in a scheme in youth, which would have deposited a lot of money till old age, then old age would have been cut off gracefully. If you are also looking for any such scheme or investment for your old age, then we have a formula of mutual funds, from which you can make strong money in long term.

SIP is the best

There are many options in the market for investment, but Systematic Investment Plan (SIP) is one of the most popular options in long -term investment. As is clear from the name itself, SIP is a systematic and disciplined investment method, in which the investor can invest a certain amount at regular intervals. This interval can be monthly, quarter or annual, which depends on the facility of the investor.

Its benefits

In this investment strategy, the investor can stop, withdraw SIP according to his financial situation or increase the investment amount. SIP has the ability to give good returns in long periods. At the same time, if you are thinking of investing in mutual funds and looking for a right strategy, then the 15x15x15 SIP formula can be great for you.

What is 15x15x15 SIP Formula?

This formula helps investors to deposit about Rs 1 crore in just 15 years. Let’s know how it works. Under this formula, the first “15” shows that you have to invest Rs 15,000 every month in SIP. The second “15” shows that you will get an annual return (estimated) of 15 per cent. The third “15” shows that you have to invest for at least 15 years.

Now apply this formula and see how much corpus will be deposited in 15 years-

Monthly Investment: Rs 15,000

Total investment: Rs 27,00,000 in 15 years

Estimated Capital Gain: Rs 74,52,946

Total amount: Rs 1,01,52,946

Risk in sip

Although SIP has the ability to give good returns in the long term, it is important to remember that it is a market-linked investment. This means that there is no guarantee of returns. The annual return of 15 per cent mentioned above is an estimate and may vary depending on the actual return market conditions.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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