Crorepati Mutual Fund: SIP is considered the easiest and most popular way to invest in mutual funds today. It is a long-term investment method that benefits from compounding. There are many mutual fund schemes available in the market where regular investments can build a substantial corpus. One of these is the SBI Long Term Equity Fund (SBI LTEF), which has helped investors become millionaires by generating excellent returns.
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SBI LTEF was launched in 1993. If an investor had been making a monthly SIP of ₹10,000 in this scheme since its inception, their investment would have grown to approximately ₹14.44 crore by March 28, 2025. This is an equity fund that invests mostly in corporate stocks. Since its launch, this fund has delivered an average annual return (CAGR) of approximately 17.94%.
Tax Savings with Excellent Returns
SBI LTEF not only offers good returns but also helps save taxes. It’s an ELSS fund, and investing in it offers tax deductions under Section 80C of the Income Tax Act. This scheme offers dual benefits—good returns and tax savings.
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Start Investing with Rs. 500
Investing in this fund doesn’t require a large amount. A monthly SIP of just Rs. 500 is ideal. The fund’s AUM currently stands at around Rs. 27,730 crore. Since it’s a tax-saving fund, investments are locked in for three years, meaning withdrawals can only be made after three years.