SIP Magic: SBI MF scheme is amazing, SIP of Rs 5000 made a ‘double millionaire’, lump sum investment increased 3 times in 5 years

SBI Mutual Fund Multibagger Scheme:Investor became ‘double millionaire’ with monthly SIP of Rs 5000 and lump sum investment of just Rs 1 lakh converted into Rs 39 lakh! This miracle of making common investors rich has been done by a scheme of SBI Mutual Fund, one of the largest fund houses in the country, whose name is SBI Technology Opportunities Fund. This multibagger scheme has consistently given benchmark-beating returns by investing in shares of technology sector companies. But despite its excellent past performance, is this scheme right for you? Which investors should invest money in this? We will answer these questions later, but first let us look at the special things related to the scheme and the return history in detail.

Past Performance of SBI Technology Opportunities Fund

The figures of how much return SBI Technology Opportunities Fund has given in the last 5 years, 10 years and 25 years to those who invested Rs 5000 every month through Systematic Investment Plan (SIP) along with a lump sum investment of Rs 50 thousand are interesting. All these figures are of the regular plan of the scheme.

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Returns in 5 years

• Lump sum investment 5 years ago: Rs 50,000

• Monthly for 5 years: Rs 5,000

• Total investment in 5 years: Rs 3.5 lakh

• Fund Value after 5 years: Rs 7,14,155 (Rs 7.15 lakh)

Returns in 10 years

• Lump sum investment 10 years ago: Rs 50,000

• Monthly SIP for 10 years: Rs 5,000

• Total investment in 10 years: Rs 6.5 lakh

• Fund value after 10 years: Rs 20,63,062 (Rs 20.63 lakh)

Returns in 25 years

• Lump sum investment 25 years ago: Rs 50,000

• Monthly SIP for 25 years: Rs 5,000

• Total investment in 25 years: Rs 15.50 lakh

• Fund value after 25 years: Rs 2,00,70,147 (Rs 2 crore)

These past return figures of SBI Technology Opportunities Fund show how investing through SIP gives the benefit of compounding effect. This is an effective way to get better returns in the long run through regular investments.

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return on lump sum investment

This scheme of SBI Mutual Fund has given good returns even on lump sum investment. The regular plan of the scheme has given better returns than the benchmark in the last 1 year, 3 years and 5 years. You can see the average annual return (CAGR) of the scheme in these three periods below:

• in 1 yearReturns(CAGR), 36.12% (Benchmark: 35.62%)

• in 3 yearsReturns(CAGR), 11.35% (Benchmark: 9.53%)

• in 5 yearsReturns(CAGR), 26.14% (benchmark: 22.16%)

Current fund value of lump sum investment of Rs 1 lakh in this schemeincrease in 5 years3.20 lakh, whereas the investment of Rs 1 lakh made at the beginning of the scheme has now increased to Rs 39.60 lakh. These return figures are given on the website of SBI Mutual Fund as per the NAV of November 14, 2024.

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Special features of SBI Technology Opportunities Fund

1. Scheme Type: Open-ended equity scheme

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Important information for investment

1. Minimum Lump Sum Investment: Rs 5,000

2. Additional Investment: Rs 1,000

3. Minimum SIP: Rs 500

4. Expense Ratio:

Top Holdings

The fund has a major stake in leading companies in technology and related sectors:

• INFOSYS LTD: 24.49%

• BHARTI AIRTEL LTD: 10.86%

• TATA CONSULTANCY SERVICES LTD: 6.45%

• FIRSTSOURCE SOLUTIONS LTD: 6.04%

• CO FORGE LTD: 5.39%

• COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION: 3.7%

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For which investors is this scheme suitable?

SBI Technology Opportunities Fund can be the right option for those investors who want to invest in the technology sector for capital growth and are prepared to invest money for the long term. Along with this, they should also have the ability to take more risk for better returns. However, before investing, it should also be kept in mind that on the basis of the past performance of any mutual fund scheme, similar returns cannot be claimed in the future. Therefore, examine every aspect thoroughly before investing.

(Disclaimer: The purpose of this article is only to provide information and not to give advice on investing in any scheme. Take investment related decisions only after taking the advice of your investment advisor.)