SBI Magnum Taxgain Scheme

  • Category: EQUITY
  • AAUM: 6266.56 Cr as on 31 May 2018
  • Investment Options: Dividend , Growth
  • Entry Load: N.A.
  • Inception: March 31, 1993
  • Benchmark:
    S&P BSE 500 Index
  • Exit Load: Read more

    Nil
as on
From To
Quantitative DataAs on 31-May-2018
Standard Deviation*: 13.90%
Beta*: 0.94
Expense Ratio*: 1.80
Source:CRISIL Fund Analyser

Basis for Ratio Calculation: Risk Free rate: FBIL Overnight Mibor rate (6.43% as on ) 3 Years Monthly Data Points

As on  31/05/2018
Portfolio Holdings
Stock Name (%) Of Total AUM
HDFC BANK LTD. 6.12
RELIANCE INDUSTRIES LTD. 5.65
ICICI BANK LTD. 5.60
ITC LTD. 3.95
INFOSYS LTD. 3.64
LARSEN & TOUBRO LTD. 3.48
STATE BANK OF INDIA 3.04
MAHINDRA & MAHINDRA LTD. 2.94
UNITED BREWERIES LTD. 2.45
COLGATE PALMOLIVE (INDIA) LTD. 2.31
view complete portfolio
Sectoral Breakdown (in %)
IndustryRatio
FINANCIAL SERVICES 33.24
CONSUMER GOODS 13.18
ENERGY 8.96
IT 7.32
AUTOMOBILE 5.92
CONSTRUCTION 5.32
INDUSTRIAL MANUFACTURING 4.42
TELECOM 4.33
PHARMA 3.99
CEMENT & CEMENT PRODUCTS 3.06
View complete sectoral breakdown

    Investment Objective 

    The prime objective of 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 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.

    Investment Strategy 
     
    Fund will be investing in equity & equity related instruments as also debt instruments, and money market instruments.  
     
    In line with CBDT guidelines, the Fund will invest at least 80% of the net assets in equity and equity related instruments.

     

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Fund Manager

  • Mr. Dinesh Balachandran

    Managing this fund since Sep 2016.

    Total experience 17 years .

    See all 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
    Funds Managed by Mr. Dinesh Balachandran
    • Riskometer

    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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