SBI mutual fund is a Joint Venture between SBI, India’s largest bank and AMUNDI (France), one of the world’s leading fund management companies. A shareholder agreement in this regard was entered into on April 13, 2011, between SBI & AMUNDI Asset Management. Accordingly, SBI currently holds 61.86 per cent stake in SBIFML, 36.33 per cent stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding and 1.81 per cent stake is held by others.
SBI mutual funds offer several equity schemes; many of these have delivered consistently good returns. So, if you also add such funds to your portfolio. Given below are the names of schemes with over 15 per cent CAGR. Not just that, the highlight of the article is that these funds have tripled their money in 84 months. Take a look.
SBI Mutual Fund: Top 5 schemes that tripled money in 84 months
SBI Contra Fund generated an average annual return of 19.77 per cent over the past seven years. The fund’s current NAV was Rs 409.49 (As of April 24). This scheme has grown Rs 1 lakh into Rs 3.52 lakh over seven years.
SBI Small Cap Fund generated an average annual return of 19.61 per cent over the past seven years. The fund’s current NAV was Rs 193.03 (As of April 24). This scheme has grown Rs 1 lakh into Rs 3.50 lakh over seven years.
SBI Small Cap Fund details
SBI Infrastructure Fund generated an average annual return of 19.46 per cent over the past seven years. The fund’s current NAV was Rs 54.73 (As of April 24). This scheme has grown Rs 1 lakh into Rs 3.45 lakh over seven years.
SBI Infrastructure Fund details
SBI Comma Fund (SBI Consumption Opportunities Fund) has generated an average annual return of 19.21% over the past seven years. The fund’s current NAV was Rs 126.24 (As of April 24). This scheme has grown Rs 1 lakh into Rs 3.41 lakh over seven years.
SBI Banking & Financial Services Fund
SBI Banking & Financial Services Fund has generated an average annual return of 15.01 per cent over the past seven years. The fund’s current NAV was Rs 49.26 (As of April 24). This scheme has grown Rs 1 lakh to Rs 2.66 lakh over seven years.
SBI Banking & Financial Services Fund
Total Assets: Rs 9,380 crore
Benchmark: NIFTY Financial Services TRI
Minimum investment: Rs 5000
Standard Deviation: 14.29%
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
