SBI Mutual Fund | Nowadays many people prefer SIP Mutual Fund over Bank FD and Post Office to invest their money. Because money invested in SIP mutual funds gives higher returns than bank FDs and post office. If you invest in mutual funds properly and be patient, you can become a millionaire within a few years. Today we are going to tell you about one such mutual fund, investing in which you can become a millionaire.

The fund we are going to tell you about is SBI PSU Fund of State Bank of India (SBI). The fund is claimed to help many investors almost double their money in just five years. SBI Mutual Fund, one of the largest mutual fund houses in India, has more than 80 schemes. But among them SBI PSU Fund is more popular. SBI Mutual Fund

This fund mainly invests in public sector companies ie PSU companies. These once slow growing companies are now seeing rapid growth again due to growth in the country’s infrastructure, energy and banking sectors. The biggest strength of this fund is consistent returns. The fund has returned more than 20 percent CAGR over the last 3, 5 and 10 years.

For example, if an investor had started a SIP of Rs 10,000 per month 10 years ago, the investment would have been worth around Rs 35.5 lakh today. Similarly, a 5-year SIP shows a return of around 28 percent. That is, Rs 6 lakh invested in five years would have been more than Rs 12 lakh today.

SBI PSU Fund The fund mainly invests in government companies in the energy, banking and infrastructure sectors. Its portfolio includes major companies such as SBI Bank, NTPC, Power Grid and Bharat Electronics. As our country India is currently focusing heavily on infrastructure and energy sector, these companies are also growing rapidly and investors are benefiting from it. SBI Mutual Fund

But with any investment comes risk, this fund also has risk. Because this is a sector fund. That is, it mainly depends on government companies. There are also some dangers in this. Changes in government policies can have a direct impact on the Fund. Another thing is that although returns are high, market fluctuations can also be large. Hence, one must be willing to bear the risk before investing in such funds.