Long Term Equity Fund-Grow
SBI Long Term Fund is an SBI Mutual Fund ELSS mutual fund plan. This fund has been around for 14 years and 11 million dollars, having been established on May 7, 2007. As of 31/03/2022, SBI Long Term Fund- has assets under management (AUM) of 10,602 crores, making it a medium-sized fund in its category. The fund’s expense ratio is 1.97 per cent, which is higher than that of most other ELSS funds.
The SBI Fund’s 1-year growth returns are 22.54 per cent. Since its inception, it has had an average yearly return of 16.33 per cent. The fund has doubled its invested capital every two years.
The ability of the SBI Fund-Growth scheme to provide consistent returns is comparable to that of most funds in its category. It has a below-average capacity to control losses in a declining market.
The majority of the money in the fund is invested in the financial, technology, energy, capital goods, and construction industries. It has a lower exposure to the financial and technology industries than other funds in the category.
ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., Larsen & Toubro Ltd., and Tech Mahindra Ltd. The top five fund’s investments.
What is the most effective way to invest in the SBI Fund?
The fund’s regular plan is the SBI Fund-Growth. You will be charged 1.97 per cent each year for this plan. On the other hand, if you choose ET Money’s direct plan, you will pay 1.22 per cent. That’s a 0.75 per cent reduction.
Regular plans cost more because the fund pays the salesperson a commission when you purchase them. This is an additional cost for the fund, and to cover it, the fund deducts a larger portion of the profits created by your assets.
As a result of the lower yearly cost of the direct plan, you will earn 0.75 per cent if you choose the SBI Fund direct plan.
How do I get my SBI Fund investments back?
It’s simple to redeem your SBI Fund assets. If you invested in this fund with ET Money, simply log in, go to the investment area, and request a redemption.
If you have an investment in SBI Long Term Equity Fund from somewhere else, you can submit a request through the fund house’s website.
If you want to know which fund belongs to SBI mutual funds and is an open-ended Small Cap equity scheme . Do read this topic- SBI Small Cap fund regular growth
From Hemant K Midha