New Delhi, April 1 -- Investing in stock means investing in business. Ace American investor Charlie Munger once said that money is not in the buying and selling of business. One should hold a stock as long as one can. However, this theory doesn't hold well regarding SBI Card IPO. The public issue was launched in March 2020 at Rs.755 apiece. After five years of listing, the SBI Card share price has oscillated around Rs.855 apiece on the NSE, delivering around 13% returns to those allottees who remained invested in the scrip till today.

Looking at the CAGR (Compound Annual Growth Rate) given by SBI Card shares after listing on the BSE and the NSE, the ICICI Direct CAGR calculator suggests that SBI Card IPO has delivered an annual return of...