SBI Mutual Fund Top Scheme: There are some schemes in the mutual fund market which have become stars among investors in just a few months of their launch. One of these schemes is of SBI Mutual Fund, whose name is SBI Nifty Next 50 Index Fund. It has been a little more than 3 years since this fund was launched and it has dominated the return charts. This fund has beaten its benchmark in 1 year and 3 years on lump sum investment. It has even doubled the one time investment in 3 years. At the same time, investors have got high returns on SIP also.
SIP Magic: This mutual fund scheme is a return machine, those doing SIP by saving Rs 100 daily became owners of Rs 3 crore.
Nifty Next 50 Index Fund
Nifty Next 50 Index Fund invests in the stocks of those 50 companies which have the highest market value after the Nifty 50 companies. These companies focus on high growth and hence generally deliver better returns. These companies rank between 51st to 100th in the National Stock Exchange in terms of market cap. Moreover, these companies have the potential to become leaders in the Indian market and have the potential to be included in the top 50 in the future.
LIC MF Return: 5 champions of LIC Mutual Fund, giving 35 to 47% annual returns, SIP starts from Rs 200 in all
Performance of SBI Nifty Next 50 Index Fund
Return in 1 year: 70.29%
Return in 3 years: 22.01% per annum
Returns since launch: 24.29% per annum
Value of investment of Rs 1 lakh since launch: Rs 2,08,100
Performance of Benchmark Nifty Next 50 TRI
Return in 1 year: 71.83%
Return in 3 years: 23.07% per annum
Performance of Asian benchmark BSE Sensex TRI
Return in 1 year: 29.48%
Return in 3 years: 13.98% per annum
SIP returns
SBI Nifty Next 50 Index Fund has given around 31 percent annualized returns to SIP investors in 3 years. In this, by doing monthly SIP of Rs 10 thousand during 3 years, the total value became Rs 5.60 lakh.
3 year annualized return: 30.78%
Monthly SIP: Rs 10,000
Total investment in 3 years: Rs 3,60,000
Total value of SIP in 3 years: Rs 5,59,086
about the fund
Total AUM: Rs 1422.58 crore (September 30, 2024)
Expense ratio: 0.32% (September 30, 2024)
Launch date: May 19, 2021
Returns since launch: 21.39% per annum
Minimum lump sum investment: Rs 5000
Minimum SIP amount: Rs 500
SIP in Midcap: These 5 midcap funds doubled money in 3 years and 4 times in 5 years, are giving 35 to 46% returns in SIP.
Top Holdings
Vedanta
Hindustan Aero
Interglobe Aviation
Tata Power
power finance
REC
Divi’s Lab
Indian Oil
Cholamandalam Investment
TVS Motor
(Note: It is not guaranteed whether the past returns in any equity fund will continue or not. This may or may not continue in the future. There are risks in the market, so seek expert advice before investing.)