SBI MMPS was allotted in February 1993 and growth option was introduced in May 2005.Currently Mr. Jayesh Shroff is the fund manager of MMPS who is experienced in the market for over 10 years. Fund has been doing well consistently for many years and in terms of five years period MMPS has given 24.97% returns against 19.26% given by the benchmark index Sensex. Since inception fund has given 14.75% whereas Sensex return stood at 11.86%.
Being an open ended scheme with high liquidity which invests across market capitalisation MMPS will be a sure bet to choose under systematic investment plan for a long term investor. Following table will give a clear picture on SIP returns in in this fund.
If you had invested Rs.5000/- per month in MMPS on the 1st of every month through Systematic Investment Plan,
SBI MAGNUM MULTIPLIER PLUS-93 | |||
SIP Performance | |||
SIP (in Years) | Amount Invested | Present Value | CAGR(%) |
3 | 180000.00 | 231176.54 | 17.97 |
5 | 300000.00 | 401368.69 | 11.98 |
7 | 420000.00 | 830768.21 | 19.57 |
10 | 600000.00 | 2537783.39 | 27.55 |
( NAV as on June 1, 2011: Rs.79.33)
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