3 Year return

27.56%
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

₹20085.15 Cr.

Expense Ratio

0.98% (inclusive of GST)

Exit Load

Nil

Ratings

5

Ratings by other agencies

3
4
3

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

Holdings

SBI Mutual Fund Managers

DB

Dinesh Balachandran

Fund Manager since Apr 2022

Fund House Details

SBI Mutual Fund Asset management company

AUM ₹852,086.72 Cr.
No. of Schemes 207
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
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Hybrid . Dynamic Asset Allocation or Balanced Advantage

SBI Balanced Advantage Fund Direct Plan Growth

0%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

SBI Balanced Advantage Fund Direct Plan IDCW Payout

0%

About the SBI Long Term Equity Fund Direct Plan IDCW Payout

The SBI Long Term Equity Fund Direct Plan IDCW Payout is a tax-saving equity mutual fund scheme that invests in a diversified portfolio of large-cap, mid-cap, and small-cap stocks. It is offered by SBI Mutual Fund. The SBI Long Term Equity Fund Direct Plan IDCW Payout is an open-ended fund. Its expense ratio is lower than the average expense ratio of the ELSS funds category.

Investment Objectives of the Scheme

The investment objective of the SBI Long Term Equity Fund Direct Plan IDCW Payout is to generate long-term capital appreciation by investing in a diversified portfolio of equity securities. The fund may also invest in debt securities and money market instruments, but only to the extent necessary for liquidity management.

Key Features of The Fund

5-year return 22.74%
Expense Ratio 0.98%
Fund Manager Dinesh Balachandran
Fund Size ₹20085.15 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The SBI Long Term Equity Fund Direct Plan IDCW Payout is suitable for investors who are looking to invest for the long term (5-7 years) and are willing to take on moderate risk in order to achieve higher returns. The fund is also suitable for investors who are looking to save tax under Section 80C of the Income Tax Act. However, it is important to make sure that you research the fund well and check if it aligns with your financial profile.

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
Email [email protected]
Website https://www.sbimf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

FAQs

What is today's NAV of SBI Long Term Equity Fund Direct Plan IDCW Payout?

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 Direct Plan IDCW Payout Feb 23 2024 is 98.0702

What is the AUM of SBI Long Term Equity Fund Direct Plan IDCW Payout?

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 Direct Plan IDCW Payout is 20085.15 crore.

What is the expense ratio of SBI Long Term Equity Fund Direct Plan IDCW Payout?

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 Direct Plan IDCW Payout is 0.98%

What are the returns of SBI Long Term Equity Fund Direct Plan IDCW Payout since inception?

The SBI Long Term Equity Fund Direct Plan IDCW Payout was launched on Jan 01 2013. The fund has delivered a CAGR of 16.94 since inception.

What is the minimum SIP amount to invest in SBI Long Term Equity Fund Direct Plan IDCW Payout?

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 Direct Plan IDCW Payout is 500.

How do I invest in SBI Long Term Equity Fund Direct Plan IDCW Payout?

  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 Direct Plan IDCW Payout?

  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 Direct Plan IDCW Payout?

  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 Direct Plan IDCW Payout?

  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.