SBI Magnum Tax Gain Scheme - Direct Plan
To deliver the benefit of investment in a portfolio of equity shares, while offering
deduction on such investment made in the scheme under section 80C of the
Income-tax Act, 1961. It also seeks to distribute income periodically depending
on distributable surplus. Investments in this scheme would be subject to a
statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.
Suitability
This product is suitable for investors who are seeking• Long term investment• Investment in equity shares to deliver benefits of investment, tax deduction under Section 80 C of IT Act, 1961 and probable income from scheme surplus
Fund Info
| Scheme Class | Equity |
| Scheme Category | ELSS (Tax Savings) |
| Benchmark Type | S&P BSE 200 India TR INR |
| Expense Ratio | 1.31% |
| Min subscription | ₹ 500 |
| Scheme Type | Open-ended |
| Scheme AUM (in Crs.) | ₹ 7,376 |
| AMC AUM (in Crs.) | ₹ 2,83,807 |
| Min Addition Subscription | ₹ 500 |
Building Graph
Peer Comparison
| Fund | Min SIP Inv. | Min Inv. | Returns 3Y |
|---|---|---|---|
| 500 | 500 | 18.97% | |
| 500 | 500 | 18.55% | |
ICICI Prudential Long Term Equity Fund ( Tax Saving) - Direct Plan | 500 | 500 | 12.24% |
| 500 | 500 | 11.42% | |
| 500 | 500 | 13.54% | |
| 500 | 500 | 14.89% | |
| 500 | 500 | 18.55% | |
| 500 | 500 | 12.73% |
Top 10 Holdings
| Company | Holding Type | Asset(%) |
|---|---|---|
| HDFC Bank Ltd | Equity | 7 |
| ICICI Bank Ltd | Equity | 6 |
| ICICI Prudential Life Insurance Co Ltd | Equity | 5 |
| Reliance Industries Ltd | Equity | 5 |
| Housing Development Finance Corp Ltd | Equity | 5 |
| Larsen & Toubro Ltd | Equity | 5 |
| State Bank of India | Equity | 4 |
| Axis Bank Ltd | Equity | 4 |
| Treps | Cash - Repurchase Agreement | 4 |
| ITC Ltd | Equity | 3 |
Asset Allocation(%)
| Asset | Percent |
|---|---|
| Equity | 97 |
| Cash - Repurchase Agreement | 4 |
| Other Assets And Liabilities | 1 |
Sector Allocation(%)
| Sector | Percent |
|---|---|
| Financial Services | 40 |
| Industrials | 13 |
| Basic Materials | 8 |
| Energy | 7 |
| Consumer Defensive | 7 |
SBI Mutual Fund
AUM₹2,83,807 Cr
About
With a robust and wealthy history of the State Bank of India cluster, SBI Funds Management Pvt. Ltd. has been serving to millions of investors through their years of experience. With a wide network of over 222 service points across India, SBI has been delivering to value and create trust amongst investors. They have systematically delivered the optimum worth to its investors over the years. SBI Funds Management company has joined the key players within the Indian investment trust business with an array of funds in multiple sectors like money establishments, native and international quality management corporations, pension funds, etc. SBI MF has conjointly unified end-to-end made-to-order quality management product for establishments, discretionary and non-discretionary portfolio management services.##SBI Funds Management has been effectively managing and guiding Indias dedicated offshore funds since 1988. SBI Funds Management is famed because it was the 1st bank to come up with ‘SBI Resurgent Asian nation Opportunities Fund. The target for these funds was to supply investors with never-before opportunities in semi-permanent growth in capital in a very kind of stocks of Indian corporations.
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AddressCalculate Returns
Investment DurationYears6Months0
Investment Amount₹ 10000
Return Amount₹ 4185
Return Rate6 %
Duration6y 0m