New Delhi: India’s largest public sector bank, SBI, runs several special schemes that are proving highly beneficial for the public. SBI offers excellent returns on certain schemes, enabling you to build a substantial corpus. Whether it is for buying a home, funding children’s education, or planning for retirement, State Bank of India’s schemes act like a boon.
If you are planning to invest in mutual funds or deposit schemes, do not delay. We are about to share a golden opportunity with you. Investing in these schemes will clear up any confusion you might have. You can find key details about SBI’s schemes in the article below.
SBI Small Cap Fund
Here are some important details about building a large corpus through SBI schemes. Equity mutual funds are considered highly effective. This specific SBI fund invests in small-cap companies that are growing rapidly. It is suitable for investors willing to take on slightly higher risk and who have an investment horizon of 7 to 10 years. Historically, this fund has delivered average annual returns of 15% to 20% over the long term. If you invest ₹5,000 monthly via SIP and assume an average return of 15%, your total investment of ₹9 lakh over 15 years could easily grow into a corpus of approximately ₹33.8 lakh.
SBI Contra Fund
Contra funds invest in companies that are currently trading against market trends or below their true valuation. This fund has been a top performer in its category over the past few years and has delivered consistent returns. It is suitable for investors who can handle market volatility and wish to build significant wealth over a period of 5 to 8 years.
SBI Large & Midcap Fund
Did you know that this fund is considered an excellent option if you are seeking the right balance between risk and return? This fund invests in a mix of India’s top 100 large-cap companies and promising mid-sized firms. Large-cap companies provide stability to your portfolio, while mid-cap companies drive value appreciation through rapid growth.
SBI PPF Scheme: A Key Option
If you wish to save tax and build a corpus safely without market risk, opening a PPF account with SBI is a great option. It offers a government-mandated interest rate. Under the ‘EEE’ tax category, the investment amount, accrued interest, and maturity proceeds are entirely tax-free.
You can open an account and make annual contributions; the scheme offers government-fixed interest rates, and thanks to the EEE status, investments, interest, and maturity amounts remain completely tax-free. If you invest the maximum limit of ₹1.5 lakh annually (₹12,500 per month), you will easily receive a guaranteed sum of approximately ₹40.6 lakh upon maturity after 15 years.
Amrit Vrishti FD Scheme: Another Notable Option
Alternatively, if you prefer to avoid stock market risks and aim to grow your funds with guaranteed returns over a short period, SBI’s special ‘Amrit Vrishti’ Fixed Deposit scheme is a popular choice. This scheme has a tenure of 444 days. It offers attractive interest rates: 7.25% for general citizens and up to 7.75% for senior citizens. It is an excellent option for safely growing a lump-sum deposit over a period of 1–2 years.
