This SBI Mutual Fund Scheme Nearly Doubled Investor Money In 3-Years

Investors in mutual fund schemes have generated good returns over the few years. In fact, the last 2-3 years have been very good for investors. Here is a SBI Mutual Fund Scheme that doubled investor wealth in the last few years.

SBI Contra Fund: Rs 10,000 invested is worth Rs 19,300

If you had invested Rs 10,000, exactly three years ago in Jan of 2020, the amount would be worth Rs 19,300 today. The annualized returns from SBI Contra Fund is nearly 30%, while the absolute returns are nearly 120%. The equity holdings of the fund is 80%, which largely comprises stocks like GAIL, ICICI Bank, HDFC Bank and Axis Bank among others. It is interesting to see GAIL among the top holdings of the fund. There are about 72 stocks in the portfolio and about 38% is invested in large cap stocks.

SIP Investment in SBI Contra Fund

Those who invested Rs 10,000 each month over the last 3-years would have generated profits of Rs 2.28 lakh, as Rs 3.6 lakhs investment would have translated into Rs 5.88 lakhs. It is also advisable to go for SIPs, as lumpsum investment means you should be willing to take a risk. The expense ratio of SBI Contra Fund is around that 1% mark, which is more or less at par with what others are showing. If you are looking at starting SIP, the monthly SIP of Rs 500 is possible, while the minimum lumpsum amount is Rs 5000.

How to invest in the SBI Contra Fund?

There are many broking firms and personal finance platforms that facilitate the process of investment in SBI Contra Fund. Investors would do well to invest through them. If you look at the growth plan it would be good, as it helps to create larger amount of wealth over a period of time.

Disclaimer

Investors must note that above is not a recommendation from our end to invest. We have just given information and facts. Mutual funds are risky and one needs to understand the same, so please seek professional advise. Neither the author, nor Greynium Information Technologies Pvt Ltd would be responsible for losses incurred based on a decision from the article.