Investment means growing your money! Otherwise, why would people invest their hard-earned money elsewhere instead of keeping it at home? Money brings more money, and this is absolutely true in the case of investments. However, not all investments offer significantly high returns.
When it comes to investing in banks, the first options that come to mind are fixed deposits, recurring accounts, etc. However, there are other ways to invest in banks besides these. For example, take the State Bank of India, the largest bank in the country, trusted by crores of people. It continuously offers various investment options to customers with attractive interest rates. Through this article, we will share all the details about this scheme.
SBI’s 5 Investment Schemes Offering Huge Returns
State Bank of India has 5 special schemes that are giving excellent returns. With these, your investment amount can double in just 3 years. SBI Mutual Fund is considered one of the best investment options. It has provided annual returns of 26% to 38% on a 3-year investment. Through SIP, investors have earned 28% to 41% per year.
1. SBI PSU Fund
The SBI PSU Fund has delivered returns of approximately 37.84% per annum on a 3-year investment, while its SIP has generated returns of 41.23% per annum.
2. SBI Infrastructure Fund
The SBI Infrastructure Fund has returned around 28.40% per annum on a 3-year investment, with its SIP offering returns of 33.39% per annum.
3. SBI Long-Term Equity Fund
This fund has provided a return of about 26.57% per annum on a 3-year investment, and its SIP has given a return of 33.09% per annum.
4. SBI Healthcare Opportunities Fund
The SBI Healthcare Opportunities Fund has provided returns of approximately 26.51% per annum on a 3-year investment, and its SIP has yielded returns of 36.52% per annum.
5. SBI Contra Fund
This fund has provided returns of around 25.55% per annum on a 3-year investment, while its SIP has given a return of 28.83% per annum.
By investing Rs 10,000 per month through SIP in the State Bank of India’s Mutual Fund, you could accumulate a fund of around Rs 5.44 lakhs to Rs 6.4 lakhs in 3 years.
Disclaimer: Mutual fund investments are subject to market risks. Returns mentioned are based on past performance and do not guarantee future results. Investors should consult a financial advisor before making any investment decisions. Times Bull is not responsible for any financial investments made, as it is entirely your responsibility.