• Source:JND
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SBI Mutual Fund SIP Calculator: 'Investing in mutual funds is a marathon, not a sprint', we all must have heard this phrase from one or many investors or financial gurus. SBI Large & Mid Cap Fund, which has recently completed its 32 years, has proved the same by delivering strong returns to its investors. Since its inception on February 28, 1993, the fund has consistently rewarded its investors, making it an excellent option for long-term wealth creation.

Rs. 2,000 SIP turns Rs. 1.35 crore

Investors who started a monthly SIP of Rs. 2,000 at the beginning of the fund have today seen their investments transform into an impressive corpus of Rs. 1.35 crore. During this time, they invested just Rs. 7.24 lakh, benefiting from the scheme's 15.7% compound annual growth rate (CAGR).

Rs 5,000 and Rs 10,000 SIP:  A Rs 5,000 SIP for 32 years would have become Rs 4,36,01,670 with a total investment of Rs 19,20,000,  Similarly, a Rs. 10,000 SIP since inception would have resulted in an impressive corpus of Rs. 6.75 crore, with a total investment of Rs. 36.2 lakh.

Lump-Sum Amount: Investors who chose to invest in lump sums have also seen significant growth. An investment of Rs. 1 lakh in 1993 has grown to Rs. 54.84 lakh, with an average annual return of 13.33%.

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Consistent performance through market cycles

SBI Large & Mid Cap Fund has delivered outstanding performance over various time frames:

- 18.44% CAGR in the last 5 years

- 15.57% CAGR in the last 10 years

- 15.6% CAGR in the last 15 years

For reference, its benchmark, Nifty Large Midcap 250 TRI has delivered returns of 18.32%, 16.04% and 15.65% over the same periods.

AUM and Expense Ratio

As on January 31, 2025, the fund's assets under management (AUM) stood at Rs. 28,681 crore, as per the latest data as on February 28, 2025, the AUM was Rs. 27,384.69 crore.

Saurabh Pant, the fund manager in charge since September 2016, applies disciplined investment strategies. The expense ratio is 1.61% for the regular plan and 0.73% for the direct plan (as on January 31, 2025).

Balanced approach to growth

The fund focuses on a mix of large and mid-cap companies, aiming for high growth potential as well as long-term stability. As per SEBI guidelines, the fund has a minimum allocation of 35% to large-cap stocks and 35% to mid-cap stocks, with the remaining 30% allocated to various equity, debt and money market instruments.

For investors seeking a mix of growth and stability, SBI Large & Mid Cap Fund offers a strong option for long-term wealth accumulation.

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Disclaimer: This is a piece of news about the performance of Mutual Fund. Jagran does not advise investing, please do take expert opinion before investing.