3 Year return
27.86%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹23411.67 Cr.
Expense Ratio
0.94% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal within 1 year
Not applicable as these investments cannot be sold before the 3 year lock-in period
Withdrawal after 1 year
10% tax on gains over ₹1 Lakh per financial year
Fund Holdings
SBI Mutual Fund Managers
DB
Dinesh Balachandran
Fund Manager since Apr 2022
Fund House Details
SBI Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Quant ELSS Tax Saver Fund IDCW Direct Plan Payout |
28.86% |
3.5 |
SBI Long Term Equity Fund Direct Plan IDCW Payout |
27.91% |
5 |
Bank of India ELSS Tax Saver Direct Plan IDCW Payout |
25.29% |
3 |
Schemes by SBI Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan IDCW Payout
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan Gr
Equity . Sectoral / Thematic
SBI Automotive Opportunities Fund Direct Plan Growth
Equity . Sectoral / Thematic
SBI Automotive Opportunities Fund Direct Plan IDCW Payout
About SBI Long Term Equity Fund Direct Plan Growth
SBI Long Term Equity Fund Direct Plan-Growth is an Equity Linked Savings Scheme (ELSS) introduced by SBI Mutual Fund. The fund adopts an open-ended plan structure, which means the investor can invest at any time. It offers investors the dual benefits of increased liquidity and flexibility. Investors should note that this fund carries a statutory lock-in period of 3 years. The expense ratio of this fund is low compared to the category average.
Investment Objective of the Scheme
The primary objective of the SBI Long Term Equity Fund Direct Growth is to provide investors with the dual advantage of capital appreciation through investment in a diversified equity portfolio and tax benefits under Section 80C of the Income-tax Act, 1961. Additionally, the fund may periodically distribute income, depending on the availability of a distributable surplus. To enjoy the tax benefits under Section 80C, investments in this fund come with a statutory lock-in period of 3 years from the date of allotment.
Key Features of The Fund
5-year return | 22.81% |
Expense Ratio | 0.94% |
Fund Manager | Dinesh Balachandran |
Fund Size | ₹23411.67 Cr |
Risk Profile | Very High |
Is This Scheme Right for Me?
A notable feature of this fund is the mandatory 3-year lock-in period, a characteristic of all ELSS funds, which investors should be comfortable with. If you're an investor seeking higher returns, tax savings, and have the patience to stay invested for at least 3 years, this could be a suitable choice for you. Keep in mind that the fund's performance is linked to market fluctuations. Ensure your investment choices align with your financial goals and risk comfort level.
AMC Contact Details
Name | SBI Mutual Fund |
Launch Date | June 1987 |
Addresss | 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051 |
Contact | 1800 209 33331800 425 5425 |
customer.delight@sbimf.com | |
Website | https://www.sbimf.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
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What is the minimum SIP amount to invest in SBI Long Term Equity Fund?
How do I invest in SBI Long Term Equity Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in SBI Long Term Equity Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in SBI Long Term Equity Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in SBI Long Term Equity Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.