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SBI Long Term Equity Fund (Previously Known as SBI Magnum Taxgain Scheme)

Fund Manager

  • Mr. Dinesh Balachandran

    Managing this fund since Sep 2016.

    Total experience 17 years .

    See all Open-Ended funds managed by Mr. Dinesh Balachandran
    Mr. Dinesh Balachandran
    Description :

    Dinesh joined SBI FM in 2012 as a Senior Credit Analyst. He is now the Head of Research. Dinesh started his career with Fidelity in Boston USA in 2001 where as an analyst he covered Structured Finance, and local US fixed income market over 10 years. Dinesh holds a B.Tech degree from IIT, Mumbai and M.S degree from Massachusetts Institute of Technology (MIT). He is also a Charter holder of the CFA Institute, USA.

    Total experience: 17 years
    Open-Ended funds Managed by Mr. Dinesh Balachandran
    • Category
      EQUITY
    • AUM ():
      11204.86 Cr as on 31 Aug 2022
    • Risk
      VERY HIGH
      riskometer
      • Long term capital appreciation
      • Investment in a portfolio of equity shares, while offering deduction under section 80C of Income-tax Act, 1961
    • Benchmark
      S&P BSE 500 Index
    • Exit Load
      Read more

      Nil

    • Type of Scheme
      Read more
      An open-ended Equity Linked Saving Scheme with a statutory lock-in-period of 3 years and tax benefit.
    • Launch Date
      March 31, 1993
    INVEST NOW
    Returns

    as onAugust 31, 2022

    15.61%

    * for Reg – IDCW (reinvest)

    Min Lumpsum ()

    500 & in multiples of 1

    Min Additional Lumpsum ()

    500 & in multiples of 1

    • Fund Overview
    • Portfolio
    • Historical NAV
    • Documents
    • TAX Status
    • Performance
    • Index Constituent
    • SBI Magnum Taxgain Scheme – an equity linked savings scheme (ELSS) - is a tax saving tool as per the current tax laws.
    •  
    • The fund aims to provide investors with the benefit of investing in a portfolio of equity shares, while offering deduction on such investments made in the scheme under section 80C of the Income Tax Act, 1961.   
    •  
    • The fund invests a minimum of 80% of its assets in equity, cumulative convertible preference shares, fully convertible debentures, bonds etc.  
    •  
    • It can invest up to 20% of its assets in money market instruments
    •  
    • Investments in the scheme are subject to a statutory lock-in of 3 years from the date of allotment.

     

    You can save up to Rs.46,800* under section 80C

    *Rs. 46,800 is the maximum tax amount that can be saved on an investment of Rs. 1,50,000 under Section 80C of the Income Tax Act, 1961 for tax payers in the 30% tax-slab. The amount varies according to the tax-slab of the tax payer

    Compounded Annualized Growth Rate Performance

    Last 1 Year Last 3 Year Last 5 Year Since Inception(31/03/1993)
    SBI Long Term Equity Fund7.18%20.45%10.91%15.61%
    Scheme Benchmark: - S&P BSE 500 TRI

    Benchmark

    		7.01%21.24%13.59%N.A.
    Additional Benchmark: - S&P BSE Sensex TRI

    Additional Benchmark

    		4.82%18.16%14.75%13.29%

    Current Value of Standard Investment of Rs 10,000

    Last 1 Year Last 3 Year Last 5 Year Since Inception(31/03/1993)
    SBI Long Term Equity Fund 10718 17484.62 16779.43 715896.8
    Scheme Benchmark: - S&P BSE 500 TRI

    Benchmark

    		 10701 17831.98 18907.39N.A.
    Additional Benchmark: - S&P BSE Sensex TRI

    Additional Benchmark

    		 10482 16504.43 19899.15 393895.92
    Notes:
    • Different plans shall have different expense structure. In case of return calculated the dividend option, it is assumed that dividend declared under the schemes have been reinvested at the prevailing NAV
    • Past performance may or may not be sustained in future and same may not necessarily provide the basis for comparison with other investment
    • Load is not considered for computation of returns
    • Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement. In case, the start/end date of the concerned period is a non-business day, the NAV of the previous date is considered for computation of returns
    • The data of the last working day has been considered for the calculation of performance
    • Wherever TRI data since inception for benchmarks is not available, benchmark performance is calculated using composite of CAGR and TRI values of the benchmark
    • The performance of the schemes is benchmarked to the Total Return variant of the Index
    • To view other open ended funds managed by the fund manager go to the Fund Manager section
    as on
    Quantitative Data As on 2022-07-31
    Standard Deviation*: 21.69%
    Beta*: 0.95
    Expense Ratio** (As on 2022-08-31): 1.74

    *Source: CRISIL Fund Analyser

    *Risk Free rate: FBIL Overnight Mibor rate (9.39% as on ) basis for ratio calculation : 3 Years Monthly Data points

    **Expense ratio exclusive of Service Tax on Management Fees

    *Tracking Error is computed using Total Returns Index for 1 Year Period ending Sep 12, 2022, based on day-end NAV respectively.

    **All expense ratios are inclusive of GST on Management Fees

    Portfolio Holdings

    As on  30/06/2022
    Stock Name (%) Of Total AUM
    CASH, CASH EQUIVALENTS AND OTHERS 7.44
    ICICI BANK LTD. 5.31
    RELIANCE INDUSTRIES LTD. 4.83
    LARSEN & TOUBRO LTD. 3.89
    MAHINDRA & MAHINDRA LTD. 3.78
    INFOSYS LTD. 3.75
    STATE BANK OF INDIA 3.63
    ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD. 3.42
    CUMMINS INDIA LTD. 3.20
    BHARTI AIRTEL LTD. 3.18
    view complete portfolio

    Sectoral Breakdown (in %)

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