In today, according to which inflation is increasing, it should not affect you, so investing in the right place has become very important. In such a situation, if you are worried about what would be a better option for investment, then let us tell you that Mutual Fund SIP (Systematic Investment Plan) can be a better option. According to tax and investment experts, if we invest in SIP for medium and long term, then the chances of losing the principal are less.
If we talk about State Bank of India Mutual Funds then SBI Technology Opportunities Fund, SBI Focused Equity and SBI Magnum Equity ESG Fund are the plans which have given excellent returns over the last 5 years. The good thing is that they have got great returns both in lump sum and SIP.
SBI Technology Opportunities Fund: According to Value Research data, if one deposited a lump sum of Rs 1 lakh, it became Rs 3.26 lakh in 5 years. At the same time, if SIP investors start the month with 10 thousand rupees, after 5 years it has become Rs 14.51 lakh in today s time.
SBI Focused Equity: People investing here have also got very good returns. According to Value Research data, if a person had invested a lump sum of Rs 1 lakh in this scheme 5 years ago. So in today s time it has increased to 2.19 lakhs.
SBI Magnum Equity ESG Fund : People investing here too have been able to get great returns in the last five years. If an investor had started five years ago with a monthly SIP of Rs 10,000, he would get Rs 9.68 lakh as of today.
SBI Bluechip Fund has given 52.67 per cent return in 1 year. At the same time, the return of this fund has been 14 percent in 5 years. In this scheme, at least one lump sum of Rs 5000 can be invested, while a minimum SIP of Rs 500 can be done.
SBI Smallcap Fund has given 70 per cent return in 1 year, while 23 per cent in 5 years at an annualized rate. In this scheme, at least one lump sum of Rs 5000 can be invested, while a minimum SIP of Rs 500 can be done. As of 31 July 2021, the assets stood at Rs 9620 crore, while the expense ratio was 0.84 per cent. The scheme mainly invests in Elgi Equipments Engineering, Carborundum Universal, JK Cement, Sheela Foam and V-Guard Industries.
The 1-year return of BI Flexicap Fund has been 57 per cent. This scheme has given returns of 16 per cent per annum in 5 years. In this scheme, at least one lump sum of Rs 1000 can be invested, while a minimum SIP of Rs 500 can be done.
The 1-year return of BI Focused Equity Fund has been 55 per cent. This scheme has given a return of 18 per cent per annum in 5 years. In this scheme, at least one lump sum of Rs 5000 can be invested, while a minimum SIP of Rs 500 can be done.This scheme mainly invests in Muthoot Finance, Alphabet Inc, HDFC Bank and Divi's Laboratories.
In simple words, this is an NFO i.e. New Fund Offer. The name of this scheme is SBI Retirement Benefit Fund Solution Oriented Scheme. Money can be invested in this till February 3. The investor can start with a minimum of Rs 5,000.
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