SBI Banking & Financial Services Fund SIP Return: This scheme of SBI MF made investors rich..

SBI Banking & Financial Services Fund SIP Return: SBI Banking & Financial Services Fund has completed 10 years of its launch and during this time this scheme has given excellent returns to the investors. If an investor had started a monthly investment of Rs 10,000 in this scheme through Systematic Investment Plan (SIP) in February 2015, then by now the fund value of his investment would have been around Rs 28 lakh.

SBI Banking & Financial Services Scheme was started on 26 February 2015. This fund invests in the stocks of banking and financial services companies. You can get an idea of ​​the return of this scheme from the fact that the scheme has a CAGR return of 15.98 percent. From the beginning till now, the performance of SBI Banking & Financial Services Fund has been excellent. During this period, the direct plan of this scheme has given a return of 14.94 percent and the regular plan has given a return of 13.73 percent. In the last 5 years, its return has been 14.26 percent CAGR.

Great returns on both lump sum investment and SIP
If you had made a lump sum investment of Rs 1 lakh in this scheme at the time of its launch, your money would have grown to Rs 4.03 lakh in the direct plan and Rs 3.62 lakh in the regular plan. The asset under management (AUM) of this fund was Rs 6,481 crore as of January 31, 2025. The fund manager of this fund is Milind Agarwal.

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