If you also want to save tax as well as create a big fund in the long run,then the SBI Long-Term Equity Fund can prove to be a great option for you. With just ₹ 1000 per month SIP (Systematic Investment Plan),you can fulfill your dream of becoming a millionaire. This 32-year-old scheme not only gives tax exemption under Section 80C but also provides great returns through the equity market. Its strong track record and strong portfolio make it a trusted option among investors. This is a powerful way to save tax and earn good profits by investing your hard-earned money in the right place.
SBI Long-Term Equity Fund
SBI Long Term Equity Fund is one of the oldest Equity Linked Savings Schemes (ELSS) in India. Earlier it was known as SBI Magnum Taxgain Scheme. This tax saving fund comes with a lock-in period of 3 years and also provides tax exemption to investors under Section 80C of the Income Tax Act. This fund is a well-known name in the ELSS category,which gives investors a great opportunity to invest in equity along with saving tax.
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Become a millionaire with a SIP of just ₹ 1000
In this scheme,by investing only ₹ 1000 monthly,through a Systematic Investment Plan (SIP),a fund of more than ₹ 1.5 crore can be created in the long run,provided the investment is continuous and the average return remains stable. Recognize the power of SIP and move towards creating a big fund from small investments. This habit of regular investment will play an important role in making you financially strong.
Your money gets the power of growth
This scheme invests primarily in equity and equity-related instruments,with more than 90% allocation. At the same time,the remaining amount which can be up to 10% is invested in money market instruments to maintain liquidity. More investment in equity means your money gets more growth potential,which can give you better returns.
Investors are getting tremendous benefits
SBI Long Term Equity Fund has consistently performed well even amidst the fluctuations in the market. Through regular monthly investment (SIP),this scheme has been successful in creating a large fund even with a small amount. As of April 3,2025,the Direct plan growth of this fund has an NAV (Net Asset Value) of ₹437.78 and an Expense Ratio of 0.95%. In the last year,it has given a return of 7.79%,while since launch it has given an average annual return of 16.43%. This means that your investment in this scheme has almost doubled every 3 years! Investors are consistently getting tremendous benefits from this fund.
Focus on strong sectors
This fund has focused on strong sectors like Finance,Technology,Energy,Healthcare and Mining. Its top-5 holdings include HDFC Bank,Reliance Industries,ICICI Bank,Bharti Airtel and Hexaware Technologies. If an investor does a SIP of just ₹1000 every month in this scheme,he can create a fund of about ₹1.4 crore in 32 years. This shows how big a corpus you can build with the right investment and a long period of time.
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