SBI Magnum Taxgain Scheme Direct
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 Type
Open-ended
Scheme Category
ELSS (Tax Savings)
Benchmark Type
S&P BSE 100
Scheme AUM (in Crs.)
₹ 6532.14
Expense Ratio
1.55%
Scheme Class
Equity
AMC AUM (in Crs.)
₹ 264353
Min Subscription
₹ 500
Min Addition Subscription
₹ 500
Fund Info
| Scheme Type | Open-ended |
|---|---|
| Scheme Category | ELSS (Tax Savings) |
| Benchmark Type | S&P BSE 100 |
| Scheme AUM (in Crs.) | ₹ 6532.14 |
| Expense Ratio | 1.55% |
| Scheme Class | Equity |
| AMC AUM (in Crs.) | ₹ 264353 |
| Min Subscription | ₹ 500 |
| Min Addition Subscription | ₹ 500 |
Performance
Comparison
Portfolio
AMC Details
Peer Comparison
Fund
Min SIP Inv.
Min Inv.
Returns 3Y
Fund Size(Cr.)
Top 10 Holdings
Company
Holding Type
Asset(%)
HDFC Bank Ltd.
Equity
6.22
Reliance Industries Ltd.
Equity
6.15
ICICI Bank Ltd.
Equity
5.56
ITC Ltd.
Equity
4.00
Infosys Ltd.
Equity
3.98
Larsen & Toubro Ltd.
Equity
3.34
State Bank of India
Equity
3.01
United Breweries Ltd.
Equity
2.49
Colgate-Palmolive (India) Ltd.
Equity
2.24
Bharti Airtel Ltd.
Equity
2.21
Sector Allocation(%)
Sector
Percent
Energy
8.95
Construction
8.04
Technology
7.29
Financial
31.70
FMCG
11.02
SBI Mutual Fund
AUM
₹2,64,353 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.
Launch Date
29 Jun 1987
Sponsor
NA
Email
customer.delight@sbimf.com
Phone
18002093333
Address
191"E", Maker Tower,Cuffe Parade, Mumbai - 400 005
SBI Mutual Fund
Quick Links
Calculate Returns
LUMPSUM
SIP
Investment Amount
₹10,000
Return Amount
₹4,185
Return Rate
6%
Duration
6y 0m
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