3 Year return

27.29%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹27559.31 Cr.

Expense Ratio

0.94% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
5

Ratings by other agencies

3
4
4

Tax Implications

Withdrawal after 3 years:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

SBI Mutual Fund Managers

DB

Dinesh Balachandran

Fund Manager since Apr 2022

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹1,100,886.17 Cr.
No. of Schemes 287
Setup Date June 1987

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

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 26.42%
Expense Ratio 0.94%
Fund Manager Dinesh Balachandran
Fund Size ₹27559.31 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 3333 1800 425 5425
Email 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.

Start Investing Early with SIPs

SIPs make mutual fund investing accessible. With a small, fixed amount, you can begin your investment journey and benefit from the power of compounding over time. Use Angel One's SIP calculator to determine a comfortable investment amount to reach your financial goals.

FAQs

What is today's NAV of SBI Long Term Equity Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of SBI Long Term Equity Fund Dec 06 2024 is 474.3608

What is the AUM of SBI Long Term Equity Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of SBI Long Term Equity Fund is 27559.31 crore.

What is the expense ratio of SBI Long Term Equity Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of SBI Long Term Equity Fund is 0.94%

What are the returns of SBI Long Term Equity Fund since inception?

The SBI Long Term Equity Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 17.69 since inception.

What is the minimum SIP amount to invest in SBI Long Term Equity Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for SBI Long Term Equity Fund is 500.

How do I invest in SBI Long Term Equity Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in SBI Long Term Equity Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in SBI Long Term Equity Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in SBI Long Term Equity Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.