The stock market is currently experiencing heightened volatility, with negative sentiment weighing down indices. The Nifty has dropped 5% YTD, and the past three months have been even more turbulent. In such uncertain times, many investors are left wondering whether they should invest or stay on the sidelines. To help you navigate these market challenges, Business Today TV presents ‘TOP FUNDS’—a special series where anchor Shailendra Bhatnagar deep-dives into mutual funds that remain strong despite market fluctuations. In this episode, we focus on ELSS (Equity Linked Savings Scheme) mutual funds and take a closer look at SBI Long Term Equity Fund. With an impressive NAV of `396 and an AUM of ₹27,300 crores, this fund has delivered robust CAGR returns over the years, including 25% over 3 years, 22.4% over 5 years, and 17% over 20 years. Since its inception in March 1993, the fund has provided a steady return of 16.8%. ELSS funds are popular for their tax-saving benefits under Section 80C and are comparable to flexicap equity diversified funds. These funds come with a mandatory lock-in of 3 years, after which you can sell your units, with the taxation treatment being similar to other equity funds. For long-term wealth creation, it’s advised to start an SIP (Systematic Investment Plan) in ELSS funds, ideally for at least 5-7 years. Remember to choose the direct route with a growth option when investing through the fund’s official website, and never stop your SIP—especially during market downturns. Watch this video to learn more about how you can save tax and make money with SBI Long Term Equity Fund.
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Stay informed, stay ahead! Disclaimer: This video is for informational purposes only and does not constitute financial advice or stock recommendations. Please consult your financial advisor before making any investment decisions.