SBI Mutual Fund Investor Education
Overview

Saving Tax

Tax woes often make life seem like a burden. Don’t we all just wish our-hard earned money would be ours, to invest for the future, without worrying about tax? This is why SBI Mutual Fund presents SBI Magnum Taxgain Scheme, an Equity Linked Savings Scheme, which helps investors who wish to address two critical issues: tax planning and wealth creation. Invest in SBI Magnum Taxgain Scheme today & benefit from the long-term growth potential.

Why invest in SBI Magnum Taxgain Scheme?
  • Over 12 lakhs investors (As on 28 Feb 2014, based on the live folios count)*
  • One Investment Plan offering Twin Benefits: Tax Planning & Potential for Wealth Creation
  • Earn Tax Benefits on investments up to Rs. 1 lakh under Sec 80 C of the Income Tax Act

Who can invest?
Investors looking at dual advantage of saving taxes at the same point of time taking exposure in the equity market may invest in this fund. As per Income Tax provisions, any investment in this fund has a compulsory 3 years lock-in period. This portfolio is ideal for investors who would like to invest for long-term capital appreciation.

Performance of SBI Mangum Taxgain Scheme – as on December 31, 2013:-              
 
 
 
 








Fund Manager's View
   
Mutual Funds investments are subject to market risks, read all scheme related documents carefully.

*As on February, 2014, this scheme had 12,92,878 folios.



Performance of other scheme managed by Mr. Shroff:



Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 25/05/2005. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance calculated for Regular Plan. Performance of dividend plan for investor would be net of dividend distribution tax as applicable. NAVs as on: Rs. 97.0971 – 31/12/2013, Rs. 87.84 – 30/12/2012, Rs. 66.31– 30/12/2011, Rs. 89.31 – 31/12/2010, since inception (28/02/1993) NAV is assumed Rs. 10/-
 
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