SBI Long Term Equity Fund turns Rs 10,000 SIP to nearly Rs 15 crore in 32 years

SBI Long Term Equity Fund, the oldest ELSS mutual fund, has completed a milestone of 32 years.

The scheme is an open-ended equity linked savings scheme with a statutory lock in period of 3 years and tax benefit. The fund was launched on March 31, 1993, with the 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 lakh invested) since inception would be worth Rs 14.44 crore as on March 28, 2025, delivering returns of 17.94% XIRR.


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 a release.

"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," said D P Singh, Deputy Managing Director and Joint CEO of SBI Mutual Fund.

The AUM of the scheme stands at Rs 27,730.33 crore as on March 31, 2025, and the fund is managed by Dinesh Balachandran.

According to the SID of the scheme, the scheme is suitable for investors who are seeking long-term capital appreciation and want investment in a portfolio of equity shares, while offering deduction under Section 80C of Income Tax Act, 1961.