SBI MUTUAL FUND
SBI Mutual funds
Overview Highlights Performance Benefits ELSS vs other Schemes Download Invest Online
Particulars PPF NSC ELSS Bank Deposits ULIP Infrastructure Bonds
Tenure (years) 15 6 3 5 5 3
Min. Investment (Rs) 500 100 500 10,000 10,000 5,000
Max. Investment for Tax Benefit (Rs) 70,000 100,000 100,000 100,000 100,000 20,000
Risk Low Low High Low-Medium Medium-High Low-Medium
Nature of Returns Fixed Fixed Market linked Fixed Market linked Fixed
Interest Frequency Compounded annually Compounded half yearly No assured dividends/
returns
Compounded annually NA Options available
Taxation of Returns Tax-free Taxable Tax-free Taxable NA Taxable
 

The above information is collected from various sources available publically. The instruments illustrated are different in natures, having different lack in periods & different risk factors. ELSS are Equity Linked Savings Schemes and carry high risk compared to other instruments mentioned above. The information is given for general understanding only & investors are requested to consult their financial advisors before taking decision of investment.

 
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Disclaimer : **Morning Star Rating Methodology: The Morningstar fund rating methodology is based on a fund’s risk-adjusted return within a given Morningstar category. Morningstar ratings are calculated every month for the 3 year, 5 year and 10 year period. Within each rating period, the top 10% funds receive a five star rating, the next 22.5% earn a four star rating, the next 35% get three stars, the next 22.5% receive two stars, and the bottom 10% get one star. Loads are not considered for the rating purpose. The rating is based on NAV provided by respective funds. The current fund rating is for the 5 year period as of February 28, 2011. Magnum Taxgain Scheme 1993 has been rated 4 Star by Morningstar in the Morningstar India - ELSS (Tax Savings) category. 39 funds which completed 5 years of performance were considered for rating. Rating Source & Publisher: Morningstar. Past performance is no guarantee of future results. #Over 17 lakh investors calculated on the basis of live folios as on 28/02/2011. Risk Factors: Mutual Funds and Securities Investments are subject to market risks and there is no assurance or guarantee that the scheme's objectives will be achieved. As with any other investment in securities, the NAV of the Magnums/Units issued under the scheme(s) may go up or down depending upon the various factors and forces affecting the securities market. Past performance of the Sponsor/AMC/Mutual Fund/Scheme(s) and their affiliates do not indicate the future performance of the Scheme(s) of the Mutual Fund. Investment Objective: Magnum Taxgain Scheme (An open-ended Equity Linked Saving scheme): The objective of this scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investments made in the scheme under Section 80 C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Magnum Taxgain Scheme is only the name of the scheme and does not in any manner indicate the quality of the scheme, its future prospects and returns. Statutory details: SBI Mutual Fund has been set up as a trust under the Indian Trusts Act, 1882. State Bank of India ('SBI'), the sponsor is not responsible or liable for any loss resulting from the operation of the schemes beyond the initial contribution made by it of an amount of Rs. 5 lakhs towards setting up of the mutual fund. Asset Management Company: SBI Funds Management Private Limited (A joint venture between SBI and Société Générale Asset Management) -191, Maker Tower 'E', 19th Floor, Cuffe Parade, Mumbai 400 005. Trustee Company: SBI Mutual Fund Trustee Company Pvt. Ltd. Please read the Scheme Information Document carefully before investing.