Based on 1,3,5 Yr performance,
stability of returns.
It is the Category Rank and
not the Sub-category Rank.
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SBI Magnum Taxgain Scheme Regular Growth
Tax Savings | ELSS (Tax Savings)
Nav : 138.7163 (
-0.60%) January 18th, 2019
Rank (of 245)
6
Annualized Returns
14.14%
Investment Horizon
>3 Yr
Doubled Money
5yrs 3m
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.
FUND PERFORMANCE
Fund's historical return with Fixed Deposit
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