SBI Savings Fund: Investors get many benefits by investing in SBI Savings Fund. It will give good profit in short period.
SBI Savings Fund: When it comes to earning from investments. Everyone wants to earn more profit in less time. People rely on mutual funds for good returns in the short term. Where good profit is given in short period. There are many types of mutual funds in the market. Where good returns are being given in a short period. However, before investing in any fund, it is necessary to do some research. If you are also planning to invest somewhere. Then we will help you today. We are going to tell about such mutual funds. Where it is giving more than 37% return in 5 years. The name of this fund is SBI Savings Fund-Direct Plan Growth.
SBI launched in 2004
State Bank Savings Fund is a debt money market fund. It was launched by the bank in 2004. The asset under management of this fund is 24756.98 crores. Its NAV as on 30 March 2022 was Rs 35.5508. This fund has given good returns to the investors.
How many ratings have you got?
SBI Savings Fund has been rated 3 and 4 by rating agency CRISIL and Value Research. The minimum investment that can be made in this scheme is Rs 500. There is no lock in period in this. People who want good returns in a short period of time. He can take risks. They can invest in this fund.
Will get this much return on investment
SBI Savings Fund has given 3.99 percent return in one year. It has given a return of 9.88% in two years while 4.82 percent on an annual basis. It has given 18.35 percent returns in three years and 37.05% in five years. On the other hand, SIP gives 2.16 percent returns in one year, 4.37 in 2 years, 7.61 in 3 years and 15.85 percent in 5 years.
