SBI Mutual Fund Nowadays, many people have understood the importance of investment. Although there are many investment options, many people have started turning to mutual funds for investment. The investment in mutual funds depends on the risk of the stock market, but the figures show that many people are moving towards it. SIP in mutual funds is becoming the favorite option of all these days. Through this, you can start investing from Rs 100,200. The compound interest earned in this can make you a millionaire in a long time. There is a mutual fund that has made its investors a millionaire.
SBI Healthcare Opportunity Fund
SBI Healthcare Operational Fund has converted an investor's SIP of Rs 2,500 to an amount of more than Rs 1 crore. This fund, about 25 years old, has so far given a return of more than 18% on an annual basis. In the previous year, its return was around 37%.
Fund is 25 years old
SBI Healthcare Opportunity Fund is very high. This means that it falls in the high risk category. The fund was launched on 5 July 1999. Since then, investors have given strong returns. Most of the funds of funds are in the health care sector. This allocation is around 93.23%. Apart from health care, the funds have also invested money in chemicals and other fields. About 3.50 percent of this allocation is for chemical and material areas.
2,500 rupees became 1 crore rupees
The fund has given 18.27% return annually since its launch. If you had started a SIP of Rs 2,500, that is, if you had invested Rs 2,500 per month, you would have a fund of about Rs 1.18 crore today. A SIP of Rs 2,500 would have been the result of total investment of Rs 7.50 lakh in these 25 years. The remaining amount (about Rs 1.10 crore) comes as interest. In such a situation, you could raise a large amount in these 25 years.
Good returns in lump
This mutual fund has also given big returns to investors on one -time investment. If you had invested a lump sum after its launch in this fund, then you would have received an annual return of 17.12%. If you had invested Rs 1 lakh then in these 25 years the price of that Rs 1 lakh would have been around Rs 55 lakh.
Disclaimer : Investment in mutual funds and stock market is based on risk. Before investing in the stock market, consult your financial advisor. Hindi.maharashtranama.com will not be responsible for any financial loss.
