Mutual Fund SIP Investment: Nowadays, investors show greater enthusiasm for investing in mutual funds or SIP. This is due to the fact that these investment methods can make investors wealthy within just a few years. Today, we would like to share information about a SIP scheme from the State Bank of India that transformed an investment of Rs 2500 into a fund exceeding Rs 1 crore.
SBI SIP Investment Tips
The scheme we are discussing is known as the SBI Healthcare Opportunities Fund. If you had contributed Rs 2500 each month to this program, your investment would exceed Rs 1 crore in 25 years. In fact, this program has provided its investors with an annual return exceeding 18 percent.
On the other hand, if we discuss the return from the past year, it has reached 37 percent. Now, let’s explore how an investment of Rs 2500 turned into over Rs 1 crore in 25 years.
How to make a huge fund by investing Rs 2500
In fact, if you had contributed Rs 2500 monthly to this scheme for 25 years, your overall investment would amount to Rs 7.50 lakh. If we include the returns and interest on this sum, it totals Rs 1.10 crore in 25 years. If your child was born in July 1999 and you had put Rs 2500 every month into this SBI SIP scheme in his name back then, today your child would be a millionaire.
We would like to inform you that SBI Healthcare Opportunities Fund was established on 5 July 1999. This high-risk category plan allocates funds to the healthcare sector. The distribution of this fund in the healthcare industry is approximately 93.23 percent. In addition to this, it also has investments in chemical and various other sectors. If you wish, you can also put money into this plan.
Disclaimer : For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.