Mumbai: Mutual Funds are becoming increasingly popular among Indian investors due to their high returns as compared to traditional investment channels. This is the reason why the Total Management Fund (AUM) of Indian Mutual Funds is increasing every month and has now reached a new high of Rs 38 lakh crore. There are a total of 45 mutual fund houses operating in the country, of which SBI Mutual Fund is the largest fund house with a management corpus of Rs 6.27 lakh crore. SBI Mutual has the highest number of more than 1.40 crore investors in the country. So many investors just don’t have confidence. The biggest reason for this is that the investors get consistently excellent returns on their savings and wealth creation in the schemes of SBI.
Along with this, the trust of its promoter State Bank of India also increases the confidence of investors. For this reason, its new scheme ‘SBI Balanced Advantage Fund’, which came in August 2021, received a record investment of Rs 14,600 crore from across the country and its AUM has increased to Rs 23,000 crore within 4 months.
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doubled market share
SBI Mutual Fund has made rapid progress in the last 5-6 years, earlier it was at 6th position in the Mutual Fund industry, but has now surpassed all to become No. During this time its market share has doubled to the highest i.e. 16.4%. SBI Mutual has a skilled team of experienced Fund Managers, who through their successful strategy have been leveraging the investment opportunities in the market to provide excellent returns to their investors.
Earning from 15 to 26% in 5 years
Talking about the 10 most profitable equity schemes of SBI Mutual Fund, investors have got good returns ranging from 24% to 80% in the last one year. The maximum return of 80% has been given by its new scheme SBI Magnum Children’s Benefit Fund. SBI’s top 10 schemes have given returns ranging from 19% to 42% in the last two years, as per the data as on December 31, 2021. Good returns are also being given in the long term. Investors in these 10 schemes have earned between 15% to 26% in the last 5 years. That means investors are getting rich.