The State Bank of India or SBI customers alert! You may be eyeing SBI fixed deposit (FD), SBI recurring deposit (RD), Public Provident Fund (PPF), Employees Provident Fund (EPF), post office schemes or other small saving schemes to beat the inflation and reduce tax outgo and thereby save money. These schemes offer decent returns, and that too over the long run. However, if you want to make a lot of money and that too at a faster rate, then there is one SBI investment tool that has managed that. In fact, it has given more than 22 per cent returns in the last five years! This is SBI Small Cap Fund-Direct Plan.

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Investors need to focus on the word 'direct' in the name. According to the Value Research Peer Comparison report the four star rated SBI Small Cap Fund - Direct Plan has delivered 22.23 per cent in the last five years, which is way ahead of the minimum return that one expects from the small cap mutual fund investments in the long-term time-horizon. If we go by the last one year returns of this SBI plan, the return garnered by investors is a whopping 36.41 per cent.

Direct vs Regular mutual fund plan

So, what is direct referring to? Speaking on the benefit of buying a direct fund instead of a regular plan, SEBI registered tax and investment expert Jitendra Solanki said, "Buying a direct plan is advisable because it increases one's return by 0.5 per cent to 1.5 per cent, depending upon the longevity of the investment plan." He said that SBI mutual fund is one of the ever green small cap mutual funds that people buy without putting any doubt in their mind.

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SBI Mutual Fund Calculator

If someone had invested Rs 6000 per month in SIP mode, then one's net investment in the last five years would have been Rs 3.6 lakh while the maturity amount as per the SBI mutual fund calculator after five years would have been Rs 6,58,009.608 or simply Rs 6.58 lakh.

Source: SBI Mutual Fund Calculator

So, for those, who have medium to high risk appetite, it's time to forget FD, RD, PPF, EPF, post office scheme or government-backed small saving schemes and invest in this evergreen SBI mutual fund investment plan.