SBI Magnum Taxgain Scheme

  • Category: EQUITY
  • AAUM: 4978.84 Cr as on 28 Oct 2016
  • Investment Options: Dividend , Growth
  • Entry Load: N.A.
  • Inception: March 31, 1993
  • Benchmark:
    S&P BSE 100 Index
  • Exit Load: Read more
as on
From To
Quantitative DataAs on 28-Oct-2016
Standard Deviation*: 14.60%
Beta*: 0.95
Expense Ratio*: 2.01
Portfolio Turnover*: 0.28
Source:CRISIL Fund Analyser

*Portfolio Turnover = lower of total sale or total purchase for the last 12 months upon Avg. AUM of trailing twelve months. Basis for Ratio Calculation: Risk Free rate: FBIL Overnight Mibor rate (6.43% as on ) 3 Years Monthly Data Points

As on  28/10/2016
Portfolio Holdings
Stock Name (%) Of Total AUM
HDFC BANK LTD. 6.16
AXIS BANK LTD. 5.42
TATA MOTORS LTD. 4.97
SHREE CEMENTS LTD. 4.75
STATE BANK OF INDIA 4.54
INFOSYS LTD. 3.67
BAJAJ FINANCE LTD. 3.45
HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 3.07
AUROBINDO PHARMA LTD. 3.01
HINDUSTAN PETROLEUM CORPORATION LTD. 2.84
Sectoral Breakdown (in %)
IndustryRatio
FINANCIAL SERVICES 29.68
ENERGY 11.93
AUTOMOBILE 10.33
PHARMA 8.34
IT 6.47
CONSUMER GOODS 6.25
CEMENT & CEMENT PRODUCTS 6.21
SERVICES 5.40
INDUSTRIAL MANUFACTURING 4.79
CONSTRUCTION 4.42
  • Tax planning is an essential but challenging process to undertake. In the sea of tax saving instruments available for investors, mutual funds through equity linked savings scheme (ELSS) provide an option to gain from the growth potential of equity markets while getting tax benefits. ELSS investments are eligible for tax deduction up to Rs. 1,50,000 per year under Section 80C of Income Tax Act 1961.
  • SBI Magnum Tax Gain Scheme aims to deliver the benefit of investment in a portfolio of equity shares, while offering tax rebate on such investments 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 investment to avail benefit of Section 80C of Income Tax Act.
  • Investors looking at dual advantage of saving taxes along with exposure to equity markets may invest in this fund. This portfolio is ideal for investors who would like to invest for long-term capital appreciation.
Fund Manager
  • Mr. Dinesh Balachandran - Domestic investments

    Managing this fund since Sep 2016.

    Total experience 14 years .

  • Investment Objective
    • The prime 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 Incometax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.

      Long Term

    Investment Information
    SIP -

    Weekly SIP - Minimum Rs. 500 & in multiples of Rs. 500 thereafter for minimum 6 weeks

    Monthly - Minimum Rs. 500 & in multiples of Rs. 1 thereafter for minimum 6 months

    Quarterly - Minimum 500 & in multiples of 1 thereafter for minimum 1 year

    Lumpsum - 500
    Switch - N.A.
    SWP - Minimum Rs. 500 per month/ per quarter
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