Apart from the returns while investing, it should also be seen where tax can also be saved. There are many such schemes in the market, where one gets the benefit of tax exemption on investment.
SBI Long Term Equity Fund:
There are many investors who focus only on returns while investing money in the market. But this is not a completely correct strategy. Apart from the returns, it should also be seen where tax can also be saved by investing money. It should be seen that which scheme can save tax on the earning from the market. There are many such schemes in the market, where one gets the benefit of tax exemption on investment. These include government schemes and some equity schemes as well. There is tax benefit on investing in Equity Linked Savings Scheme (ELSS) category of Mutual Funds. There are many such ELSS schemes in the market, which have given great returns to the investors over a long period of time. One of these is SBI Long Term Equity Fund scheme of SBI Mutual Fund.
Return Machine since launch
By the way, the lock-in period in SBI Long Term Equity Fund is 3 years. But it has given tremendous returns to the investors in the long run. This fund was launched on 31 March 1993. Since its launch, it has given returns at a CAGR of 16.50%. On the other hand, if we talk about the last 20 years, then the return of this scheme has been 22 percent CAGR. In 20 years, it has made investors’ money nearly 52 times. In percentage terms, the fund has given 5200 per cent return in 20 years. That is, those who had invested 50 thousand rupees here, their money has become close to Rs 26.5 lakh in 20 years.
Fund performance
20 Year Return: 22% CAGR
- Value of investment of Rs 50 thousand: Rs 26.5 lakh
- Value of Rs 500 Monthly SIP: Rs 1 crore
15 Year Return: 11.5% CAGR
- Value of investment of Rs 50 thousand: Rs 2.5 lakh
- Value of Rs 5000 Monthly SIP: Rs 26 lakh
10 Year Return: 15%
- Value of investment Rs 50 thousand: Rs 2 lakh
- Value of Rs 2500 Monthly SIP: Rs 13 lakh
Minimum investment
- Minimum lump sum investment: Rs 500
- Minimum SIP: Rs 500
- Lock in period: 3 years
Fund details
Category: ELSS
Launch date: March 31, 1993
Returns Since Launch: 16.50% CAGR
Benchmark: S&P BSE 500 TRI
Total Assets: 11,094 crore (October 31, 2021)
Expense Ratio: 1.81% (October 31, 2021)
In which stocks do you invest your money?
HDFC Long Term Advantage Fund’s top holdings include shares like ICICI Bank, Tech Mahindra, L&T, ICICI Prudential, Infosys, SBI, Reliance Industries, HDFC Bank, Bharti Airtel, Cipla, Mahindra & Mahindra and Ambuja Cements.
Best and worst performance
The best performance of SBI Long Term Equity Fund has been from March 9, 2009 to March 11, 2010. Meanwhile, the fund has given excellent returns of around 110 per cent. On the other hand, the fund performed the worst between December 4, 2007 and December 3, 2008. The fund’s return during this period has been -57 per cent.
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