SBI Magnum Taxgain Scheme

  • Category: EQUITY
  • AAUM: 5415.54 Cr as on 30 Apr 2017
  • Investment Options: Dividend , Growth
  • Entry Load: N.A.
  • Inception: March 31, 1993
  • Benchmark:
    S&P BSE 100 Index
  • Exit Load: Read more
    Nil
as on
From To
Quantitative DataAs on 28-Apr-2017
Standard Deviation*: 14.83%
Beta*: 0.98
Expense Ratio*: 2.01
Portfolio Turnover*: 0.67
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  28/04/2017
Portfolio Holdings
Stock Name (%) Of Total AUM
ICICI BANK LTD. 5.98
STATE BANK OF INDIA 5.69
ITC LTD. 4.62
HDFC BANK LTD. 3.78
RELIANCE INDUSTRIES LTD. 3.77
TATA MOTORS LTD. 3.74
INFOSYS LTD. 3.67
MAHINDRA & MAHINDRA LTD. 3.66
LARSEN & TOUBRO LTD. 3.61
KOTAK MAHINDRA BANK LTD. 3.09
view complete portfolio
Sectoral Breakdown (in %)
IndustryRatio
FINANCIAL SERVICES 31.58
CONSUMER GOODS 11.51
AUTOMOBILE 10.28
ENERGY 6.54
CONSTRUCTION 6.00
PHARMA 5.96
IT 5.71
SERVICES 5.12
CEMENT & CEMENT PRODUCTS 4.12
FERTILISERS & PESTICIDES 2.73
View complete sectoral breakdown
  • 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.
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Fund Manager

  • Mr. Dinesh Balachandran - Domestic investments

    Managing this fund since Sep 2016.

    Total experience 14 years .

    See all funds managed by Mr. Dinesh Balachandran - Domestic investments
    Mr. Dinesh Balachandran - Domestic investments
    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: 14 years
    Funds Managed by Mr. Dinesh Balachandran - Domestic investments
    • 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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