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SBI Magnum Taxgain Scheme

Fund Manager
  • Mr. Dinesh Balachandran

    Managing this fund since Sep 2016.

    Total experience 17 years .

    • Category
      EQUITY
    • AUM ():
      6426.5 Cr as on 31 Jul 2018
    • Risk
      MODERATELY 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
    • Type of Scheme
      Read more
    • Launch Date
      March 31, 1993
    Returns

    as onJuly 31, 2018

    16.09%

    * for Reg – Div (reinvest)

    Min Lumpsum ()

    500 & in multiples of 1

    Min Additional Lumpsum ()

    500 & in multiples of 1

    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.

     

    Compounded Annualized Growth Rate Performance

    Last 1 Year Last 3 Year Last 5 Year Since Inception(31/03/1993)
    SBI Magnum Tax Gain Scheme - Reg Plan - Dividend1.5%6.38%17.78%16.09%
    Scheme Benchmark: - S&P BSE 500
    11.48%12.27%18.53%N.A.
    Additional Benchmark: - S&P BSE Sensex
    16.97%11.61%15.8%13.30%

    Current Value of Standard Investment of Rs 10,000

    Last 1 Year Last 3 Year Last 5 Year Since Inception(31/03/1993)
    SBI Magnum Tax Gain Scheme - Reg Plan - Dividend 10150 12041.16 22673.76 439197
    Scheme Benchmark: - S&P BSE 500
    11148 14154.4 23402.81N.A.
    Additional Benchmark: - S&P BSE Sensex
    11697 13908.53 20827.87 237040.81
    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 31-Jul-2018
    Standard Deviation*: 14.30%
    Beta*: 0.95
    Expense Ratio**: 2.12

    *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

    Portfolio Holdings

    As on  31/07/2018
    Stock Name (%) Of Total AUM
    HDFC BANK LTD. 6.08
    RELIANCE INDUSTRIES LTD. 6.03
    ICICI BANK LTD. 5.81
    ITC LTD. 5.38
    INFOSYS LTD. 3.93
    CASH, CASH EQUIVALENTS AND OTHERS 3.33
    LARSEN & TOUBRO LTD. 3.22
    STATE BANK OF INDIA 3.22
    RELIANCE INDUSTRIES LTD. 3.11
    HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 2.32

    Sectoral Breakdown (in %)

    Enter Date
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