After some time, up to 40 times returns are achieved. This scheme of SBI has been performing very well for some time now. The scheme is known as SBI Magnum Mid Cap Fund Scheme.
New Delhi. Whether investors invest in the stock market or in mutual funds and FDs, they have only one desire – bumper returns. However, this happens very rarely, but today we are going to tell you about one such option, whose miracle of returns will surprise you. In this option, you invest only Rs 25,000 and on maturity you get a return of Rs 9.58 lakh. You are shocked, right, but this is absolutely true.
Actually, we are talking about SBI Mutual Fund Scheme, in which you will get Rs 9.58 lakh on an investment of Rs 25 thousand. At first glance, this scheme looks like a shocking Ponzi scheme, but it is not so. The person investing in this scheme gets up to 40 times return after some time. This scheme of SBI has been performing very well for some time.
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what is the name of the scheme
This investment plan is known as SBI Magnum Mid Cap Fund Scheme. This mutual fund is very special in many ways. You can start SIP in it in two ways. You can also invest in it as lump sum i.e. by investing a lump sum amount. How much return will you get if you invest money only under the lump sum scheme.
How much interest do you get
If we look at the returns of this mutual fund in the lump sum scheme, it has given a return of 35.4 percent in the last one year and 21.71 percent in 2 years. Similarly, this fund has given a return of 21.44 percent in 5 years. If we look at the returns since its inception, it has given an average return of more than 20 percent every year. This fund house has so far received an investment of Rs 12,555 crore.
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How much return will you get
If you invest Rs 25,000 in this SBI scheme under lump sum, it gives an annual return of 20% as per the history till now and if you maintain your investment in it for 20 years, then on maturity you will get a payment of Rs 9.58 lakh. It is not that this fund gives returns occasionally, rather since its launch, the average return has been 20% annually.
Tag: Investment Tips, Systematic Investment Plan (SIP), State Bank Of India
first published : March 25, 2024, 11:34 IST
