If your child was born in July 1999 and you had invested Rs 2500 every month in this SIP scheme of SBI in his name at that time, then today your child would have been a millionaire.
Indian people’s mindset regarding investment has started changing now. People now consider it right to invest their money instead of keeping it in bank accounts. Especially these days more enthusiasm can be seen among investors regarding investment in mutual funds or SIP. This is because these means of investment make investors rich in a few years. Come, today let us tell you about such a SIP scheme of State Bank of India, which turned an investment of Rs 2500 into a fund of more than one crore rupees.
Which is that scheme
The name of the scheme of SBI that we are talking about is SBI Healthcare Opportunities Fund. If you had invested Rs 2500 every month in this scheme, then in 25 years your fund would have become more than Rs 1 crore. Actually, this scheme has given its investors a return of more than 18 percent on an annual basis. Whereas, if we talk about the return of the last one year, it has been 37 percent.
Now let’s understand how an investment of 2500 became more than one crore in 25 years. Actually, if you invest 2500 every month in this scheme for 25 years, then your total investment would be Rs 7.50 lakh. If you add the return and interest on this amount, then this amount becomes Rs 1.10 crore in 25 years.
The child would have become a millionaire in 25 years
If your child was born in July 1999 and at that time you had invested Rs 2500 every month in this SIP scheme of SBI in his name, then today your child would have been a millionaire. Let us tell you, SBI Healthcare Opportunities Fund was launched on 5 July 1999. This scheme of high risk category invests in the health sector. The allocation of this fund in the healthcare sector is about 93.23 percent. Apart from this, it also has allocation in chemical and other sectors. If you want, you can also invest in this scheme. You can make this investment both online and offline.
Disclaimer: (The information provided here is for information purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing as an investor. Businessleague.in never advises anyone to invest money here.)
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