The mutual fund industry’s asset size has been growing rapidly month after month, according to the latest data released by the Association of Mutual Funds in India (AMFI).
Unsurprisingly, most of the fresh investment in mutual funds is coming in equity schemes. Around 87% of individual investors have preferred to invest in equity-oriented schemes, data suggests. The proportionate share of equity-oriented schemes stands at 61% of the industry assets in September 2024 against 54.1% in September 2023.
In this article, we will pick top five SBI mutual funds in the equity segment based on their past 10 years’ returns.
Top 5 SBI Mutual Fund schemes with best returns in 10 years:
SBI Small Cap Fund
NAV – Rs 203.88
Fund Size : Rs 34,217 crore (as on 30-Sep. 2024)
Expense Ratio : 0.66%
10-year return – 23.50%
10-year SIP return – 23.68%
With this rate of annualised return, an SIP started with Rs 10,000 per month 10 years ago would have turned into Rs 42.85 lakh now.
SBI Consumption Opportunities Fund
NAV – Rs 370.57
Fund Size : Rs 3,101 crore
Expense Ratio : 0.9%
10-year return: 18.13%
10-year SIP return – 20.64%
At this rate of annualised return, the fund would have turned an SIP started with Rs 10,000 per month 10 years ago into Rs 36.29 lakh now.
Also read: Mutual Fund SIP Calculator: Rs 100 daily investment can take you to Rs 2.61 crore corpus in 20 years – Check out this MF scheme
SBI Magnum Midcap Fund
NAV – Rs 261.64
Fund Size : Rs 22,338 crore
Expense Ratio : 0.77%
10-year return: 18.01%
10-year SIP return – 20.2%
With this growth rate, Rs 10,000 monthly SIP would have turned into Rs 35.42 lakh now.
SBI Technology Opportunities Fund
NAV – Rs 236.23
Fund Size : Rs 4,435 crore
Expense Ratio : 0.84%
10-year return: 17.75%
10-year SIP return – 21.83%
With this rate of annualised return, an SIP started with Rs 10,000 per month five years ago would have turned into Rs 38.73 lakh now.
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