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SBI Magnum Taxgain Scheme Regular Growth

Tax Savings | ELSS (Tax Savings)

Nav : 138.7163 ( -0.60%) January 18th, 2019

People currently viewing this : 1

Rank (of 245)

6

Annualized Returns

14.14%

Investment Horizon

>3 Yr

Doubled Money

5yrs 3m

Returns since May 7th, 2007

10.07%

One Time

Monthly

Min Investment ₹500


Tax Savings | ELSS (Tax Savings)

Nav : 138.7163 ( -0.60%) January 18th, 2019

People currently viewing this : 1

Upwardly's Take :

Over the years, ELSS funds have given the best returns out of all the tax saving instruments under 80 C like PF, FDs, ULIPs, Post office deposits, KVP etc. This fund has a lock-in for 3 years.

Ideal for medium-term to long term goals. Invest in this fund to maximize your returns for a foreseeable future.

One Time

Monthly

Min Investment ₹500


Rank (of 245)

6

Annualized Returns

14.14%

Investment Horizon

>3 Yr

Doubled Money

5yrs 3m

Returns since May 7th, 2007

10.07%

FUND PERFORMANCE

Fund's historical return with Fixed Deposit



Invested for

3m
6m
1y
3y
5y

3 and 6 Months returns are absolute

Assuming 30% tax bracket

FUND MULTIPLIER

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Take To Multiply

2x
4x
5x

TOP 5 HOLDING INVESTED IN

TOP 5 SECTORS INVESTED IN

FUND DETAIL INFORMATION

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.

Basic Details
Fund House
State Bank of India
Launch Date
May 7th, 2007
Expense Ratio
3.02%
Fund Category Risk
High
Std Dev (1Yr)
15.6
Std Dev (3Yr)
15.139
Std Dev (5Yr)
14.486
Asset Size
6496Cr
Investment Details
Investment Plan
Growth
Return since Launch
10.07 %
Exit Load
No Exit Load
Contact Details
Fund Manager(s)
Phone No.
+91 22 61793000
Website