There are countless investment tools out there in the market today. Be it stock market, mutual funds or fixed deposits, the ultimate aim of every investor is always good returns on investments. While it is subjective as to which investment tool is tailor-made for you, we can pinpoint you to a few good ones and one of them is the SBI Magnum Mid Cap Fund Scheme. This is a mutual fund scheme offered by the State Bank of India (SBI) in which you will get Rs 9.58 lakh on an investment of Rs 25,000.
At first glance, this may seem like a Ponzi scheme, but it is not so. The person investing money in this scheme gets returns up to 40 times after some time. This scheme of SBI has been performing significantly well for a while now.
SBI Magnum Mid Cap Fund Scheme stands out in several ways. It offers the flexibility of starting a Systematic Investment Plan (SIP) in two different manners. Investors have the option to invest a lump sum amount, meaning they can invest a single sum of money at once. If we look at the returns of this mutual fund in the lump sum scheme, it has given returns of 35.4 per cent in the last year and 21.71 per cent in the last two years. Similarly, this fund has given a return of 21.44 per cent in 5 years. If we look at the returns since its inception, the average return every year has been more than 20 per cent. This fund house has so far received an investment of Rs 12,555 crore.
If you invest Rs 25,000 in a lump sum in this SBI scheme and it provides an annual return of 20 per cent consistently, and you maintain your investment for 20 years, the maturity value would be Rs 9.58 lakh. It is not that this fund gives returns occasionally, but ever since its launch, the average annual return has been 20 per cent.
Comments
0 comment