SBI Long Term Equity Fund completes 32 years of operations
SBI Long Term Equity Fund (SBI LTEF), an open-ended equity linked savings scheme with a statutory lock in period of 3 years and tax benefit, and one of the oldest schemes in existence completed a milestone of 32 years. The fund was launched on March 31, 1993, with IDCW Option (earlier known as Dividend Option) and the Growth Option was introduced later on May 7, 2007.
A monthly SIP invested in the scheme of Rs. 10,000 (Rs. 38.5 lakhs invested) since inception would be worth Rs. 14.44 crores as on March 28, 2025, delivering returns of 17.94% CAGR. The scheme has delivered returns of 16.03% (15 years), 17.59% (10 years), 24.31% (5 years), and 23.42% (3 years) vis-à-vis its benchmark BSE 500 TRI returns of 14.30% (15 years), 15.14% (10 years), 17.17% (5 years) and 13.89% (3 years). As the scheme was launched before the launch of the benchmark index, benchmark index performance since inception is not available.
According to Mr. D P Singh, Deputy Managing Director and Joint CEO of SBI Mutual Fund, "Investors under the old tax regime should adopt a holistic perspective on their investments. This includes considering the potential for wealth creation through optimal tax and inflation-adjusted returns, in addition to the tax benefits. With a 32-year track record, the SBI Long Term Equity Fund remains a viable option, offering equity market-linked returns suitable for those aiming for long-term wealth creation."
The AUM of the scheme stands at Rs. 27,730.33 crores as on March 31, 2025, and the fund is being managed by Mr. Dinesh Balachandran, Head of Investments, since September 2016.
Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Periodical SIP Performances (3 Years, 5 Years, 10 Years & 15 Years) are computed considering SIP Investment on 1st business day of every month. Since Inception SIP" performance is computed considering 1st instalment on allotment date and thereafter on 1st business day of every subsequent month. For calculation of Scheme returns, where the NAV is not declared for SIP date due to SEBI regulation related to frequency of NAV declaration applicable on that time, returns are computed considering the declared NAV of next business day. Returns are calculated for Regular Plan IDCW Option. The calculation is derived by IDCW reinvested at the prevailing NAV. As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available.
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