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SBI Magnum Tax Gain Scheme - Direct Plan (D)

PLAN: Direct OPTIONS: Dividend
51.555 0.18 (0.35%)

NAV as on 29 Mar, 2017

CRISIL MF RANK

Riskometer

MODERATELY HIGH

MODERATELY HIGH

  • Principal at moderately high risk.
FUND FAMILY : SBI Mutual Fund FUND CLASS : ELSS
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ranking by CRISIL

Below average performance in the category

The scheme is ranked 4 in ELSS category by Crisil (for quarter ended Dec 2016) rank unchanged from last quarter. If you are already invested in this scheme, you may consider switching to a better performing scheme.

View Top ranked funds in this category

Benchmark Index:
 
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Returns (NAV as on 29 Mar, 2017)

Period Returns (%) Rank #
1 mth 2.7 43
3 mth 12.9 73
6 mth 5.8 85
1 year 23.0 77
2 year 6.7 72
3 year 26.2 51
5 year - -

# Moneycontrol Rank within 111 ELSS Schemes.

Absolute Returns (in %)

Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Annual
2016 -14.6 7.6 6.7 -8.2 -8.0
2015 -5.2 -0.5 -4.0 -0.5 -8.0
2014 7.9 21.0 8.0 5.8 49.8
2013 -7.7 2.2 -2.2 13.2 6.2

View where it stands within its peers

* Returns over 1 year are Annualised

* Calculation Remark - Dividends are reinvested at the rate of return

Performance

Fund returns v/s Category average (ELSS)

* Returns over 1 year are Annualised
  1 mth (%) 3 mth (%) 6 mth (%) 1 yr (%) 2 yr (%) 3 yr (%) 5yr (%)
Fund Returns -6.5 2.9 -3.5 12.1 6.7 26.2 --
Category avg 2.5 13.2 6.6 24.7 7.8 15.3 12.2
Difference of Fund returns and Category returns -9.0 -10.3 -10.1 -12.6 -1.1 10.9 --
Best of category 5.0 19.4 14.0 42.9 19.5 28.3 22.9
Worst of category -0.2 -7.3 -7.3 -10.8 -0.5 6.7 8.3
Benchmark returns # 2.9 13.9 7.3 23.0 4.8 12.1 12.7
Difference of Fund returns and Benchmark returns -9.4 -11.0 -10.8 -10.9 1.9 14.1 --
SBI Magnum Tax Gain Scheme - Direct Plan (D) Review by Crisil - Rating: 2 (Rank 4 out of 5)
# Benchmark Index: S&P BSE 100

Investment Info

Investment Objective

The prime objective of scheme is 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 80 C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.

Scheme details

Fund Type Open-Ended
Investment Plan Dividend
Launch date Jan 01, 2013
Benchmark S&P BSE 100
Asset Size (Rs cr) 170.43 (Dec-31-2016)
Minimum Investment Rs.500
Last Dividend Rs.5.00 (Mar-17-2017) View Dividend History
Bonus N.A.
Fund Manager Jayesh Shroff
View performance of schemes managed by the Fund Manager
Notes N.A

Load Details

Entry Load N.A
Exit Load 0.00%
Load Comments N.A.

Contact Details

Regd. Office 191 Maker Towers E, Cuffe Parade, Mumbai, 400005
Tel. No. 91 22 22180221/ 27
Fax No. 91 22 22189663
Email partnerforlife@sbimf.com
Website http://www.sbimf.com

Peer Comparison

ELSS Crisil Rank Assets (Rs.cr)
3mth (%) 6mth (%) 1yr (%) 3yr (%) 5yr (%)
Axis Long Term Equity Fund (G) Rank 4
9,956.36 13.5 4.7 19.7 21.7 22.9
Axis Long Term Equity - Direct (G) Rank 4
552.73 13.9 5.2 21.0 23.2 --
Reliance Tax Saver (ELSS) (G) Rank 3
5,579.17 16.7 11.5 30.7 24.6 21.2
Reliance Tax Saver(ELSS)-Direct (G) Rank 3
311.42 17.0 12.0 31.8 25.6 --
HDFC Tax Saver - Direct (G) Rank 4
295.69 15.9 13.4 35.2 19.6 --
* Returns over 1 year are Annualised More »

Portfolio

Top Holdings (Feb 28, 17)

Equity Sector Value
(Rs cr)
Asset %
SBI Banking/Finance 342.18 6.51
ICICI Bank Banking/Finance 269.16 5.12
HDFC Bank Banking/Finance 262.79 5.01
Infosys Technology 246.52 4.71
ITC Tobacco 238.60 4.56
Reliance Oil & Gas 183.23 3.50
CESC Utilities 168.08 3.21
Larsen Engineering 166.17 3.17
Tata Motors Automotive 162.64 3.11
M&M Automotive 157.46 3.01

Full Portfolio

Sector Allocation (Feb 28, 17)

Sector %

1-Year

HighLow

Banking/Finance 29.35 25.43 23.29
Engineering 9.70 11.25 11.07
Automotive 9.01 9.17 8.16
Technology 8.88 11.88 11.32
Pharmaceuticals 8.48 7.01 5.75
Food & Beverage 5.18 3.27 3.26

View All Sectors

Asset Allocation (%)(Feb 28, 17)

Equity 97.82
Others 0.08
Debt 0.00
Mutual Funds N.A
Money Market 2.05
Cash / Call 0.05

View All

Concentration

Holdings (%)
Top 5 25.91
Top 10 41.91
Sector (%)
Top 3 48.06

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