SBI Magnum Taxgain Scheme is one of the largest tax-saving funds in the country with a track record of over 20 years. The fund identifies stocks with strong business fundamentals across market cap, using both top-down and bottom-up approach to generate capital appreciation in the long term.

The fund is an ideal investment option for investors, looking to save tax and get equity market-linked returns on their 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 Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.

Fund Facts:

• Date of Inception :31/03/1993
• Benchmark Index :S&P BSE 100 Index
• Fund Manager: Mr. Jayesh Shroff
• Load Structure: Entry Load: NIL, Exit Load: NIL.
Plans and Options Regular Plan & Direct Plan. Both plans will have Growth & Dividend option. Dividend option has Payout & Transfer facilities.
• Minimum Investment Amount: 500 & in multiples of 500
• SIP: 500 & in multiples of 500

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Performance of SBI Magnum Taxgain Scheme:

30 Sep 2015 -
30 Sep 2016
30 Sep 2014 -
30 Sep 2015
30 Sep 2013 -
30 Sep 2014
Since Inception
Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)
SBI Magnum Taxgain Scheme 8.77 9.54 60.91 16.67 375360
S&P BSE 100 Index
(Scheme Benchmark)
9.73 0.77 40.05 12.19 149621
S&P BSE SENSEX
(Additional Benchmark)
6.54 -1.79 37.41 11.23 122191

Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 07/05/2007. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance of dividend plan for investor would be net of dividend distribution tax as applicable. Performance calculated for Regular Plan

Click here for Performance of other funds managed by the fund manager

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