SBI Mutual Fund | Everyone knows that investing in stocks and mutual funds can make you a millionaire. However, there are very few instances of investors becoming millionaires by investing only Rs.10,000 per month. Experts say that regular investments of Rs.8,000-Rs.10,000 per month in mutual fund equity schemes can make you a real millionaire. If you are investing through SIP every month, you will have to keep investing.
SBI Large and Midcap Fund
The fund is called SBI Large and Midcap Fund. SBI Mutual Fund’s scheme was launched in 1993. It is an open-ended equity fund. The fund invests in both large-cap and mid-cap companies. The return since the inception of the scheme is 13.33 per cent. The scheme requires investing at least 35 per cent of the funds in large-cap stocks. The same amount (35%) must be invested in mid-caps.
30% fund investment for diversification
The fund uses a top-down and bottom-up approach to invest in stocks of companies across different sectors. The fund has the freedom to invest 30 percent of its funds as it wishes. He can invest 30 per cent of his funds in smallcap stocks, debt instruments and money market instruments. This helps in diversifying these funds.
Rs.6.75 million in 32 years
If you had invested Rs.10,000 per month in this scheme from the beginning, your money would have been Rs.6.75 million today. The return is 15.71 per cent. The fund’s returns are excellent even over different time frames. Its return is 15.6% in 15 years and 15.57% in 10 years. This is higher than its benchmark Nifty Large Midcap 250 TRI return.
Most invested in these stocks
SBI Mutual Fund is the largest asset management company in the country. The assets under management of SBI Large and Midcap Fund stood at Rs 28,681 crore as on January 31, 2025. Sourav Pant has been managing the fund since September 2026. The fund has invested in large stocks like HDFC Bank, Kotak Mahindra Bank, Axis Bank, RIL, Abbott India. The fund has a 26 percent stake in financial services companies.
