This fund has invested in major stocks like HDFC Bank, Kotak Mahindra Bank, Axis Bank, RIL, and Abbott India.
Many people know that investing in stocks and mutual funds can lead to significant wealth. However, very few investors have become millionaires by investing just Rs 10,000 per month.
Experts suggest that consistently investing Rs 8,000-10,000 every month in an equity mutual fund can help you achieve this goal.
If you are investing through SIP, it is important to stay committed. If you haven’t started investing in an equity mutual fund yet, now is the right time. Let’s explore a scheme that has helped SIP investors become millionaires.
Investing in Large-Cap and Mid-Cap Stocks
The SBI Large and Midcap Fund is a scheme by SBI Mutual Fund that started in 1993. It is an open-ended equity fund that invests in both large-cap and mid-cap companies.
Since its inception, this fund has provided an attractive return of 13.33 percent. According to investment rules, at least 35 percent of the fund’s assets must be in large-cap stocks, and another 35 percent in mid-cap stocks.
30% of the Fund is Used for Diversification
The SBI Large and Midcap Fund follows a strategy of growth and value investing. It uses both top-down and bottom-up approaches to invest in companies from different sectors.
Additionally, this fund has the flexibility to invest 30% of its assets in small-cap stocks, debt instruments, and money market instruments, which helps in diversification.
SIP of Rs 10,000 Grows to Rs 6.75 Crore in 32 Years
If you had invested Rs 10,000 per month in this fund from the start, your investment would now be worth Rs 6.75 crore, with a return of 15.71 percent.
The fund has consistently delivered strong returns over different time frames:
15 years: 15.6% return
10 years: 15.57% return
5 years: 18.44% return
3 years: 13.65% return
These returns have outperformed its benchmark, the Nifty Large Midcap 250 TRI.
Major Investments of the Fund
SBI Mutual Fund is the largest asset management company in India. As of January 31, 2025, the SBI Large and Midcap Fund had assets under management worth Rs 28,681 crore.
The fund has been managed by Saurav Pant since September 2026. It has invested in top companies like HDFC Bank, Kotak Mahindra Bank, Axis Bank, RIL, and Abbott India.
The fund has allocated 26% of its assets to financial services companies.
This investment strategy makes the SBI Large and Midcap Fund a great choice for those looking to build wealth through SIP.
