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SBI Magnum Tax Gain Scheme - Direct Plan (D)

PLAN: Direct OPTIONS: Dividend
56.066 1.01 (1.77%)

NAV as on 22 Sep, 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

Relatively Weak performance in the category

The scheme is ranked 5 in ELSS category by Crisil (for quarter ended Jun 2017) down from Rank 4 last quarter. If you are invested in this scheme, its time to switch to a better performing scheme.

View Top ranked funds in this category

Benchmark Index:
 
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Returns (NAV as on 22 Sep, 2017)

Period Returns (%) Rank #
1 mth 1.4 60
3 mth 1.9 67
6 mth 10.9 72
1 year 11.4 78
2 year 12.5 85
3 year 11.7 59
5 year - -

# Moneycontrol Rank within 107 ELSS Schemes.

Absolute Returns (in %)

Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Annual
2017 2.1 4.5 - - -
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 1.4 1.9 10.9 1.5 12.5 11.7 --
Category avg 5.2 5.7 13.7 18.2 14.6 10.6 12.7
Difference of Fund returns and Category returns -3.8 -3.8 -2.8 -16.7 -2.1 1.1 --
Best of category 6.9 11.3 22.7 31.1 27.5 21.3 25.6
Worst of category 1.0 0.3 3.2 6.1 7.5 6.3 9.7
Benchmark returns # 2.3 4.0 11.0 13.7 14.2 8.0 12.9
Difference of Fund returns and Benchmark returns -0.9 -2.1 -0.1 -12.2 -1.7 3.7 --
SBI Magnum Tax Gain Scheme - Direct Plan (D) Review by Crisil - Rating: 1 (Rank 5 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) 230.02 (Jun-30-2017)
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
12,281.17 5.9 15.7 17.3 14.3 23.0
Axis Long Term Equity - Direct (G) Rank 4
818.20 6.2 16.3 18.7 15.6 --
Reliance Tax Saver(ELSS)-Direct (G) Rank 3
488.22 5.7 15.5 21.4 13.3 --
Reliance Tax Saver (ELSS) (G) Rank 3
7,676.44 5.4 15.0 20.2 12.3 22.1
HDFC Tax Saver (G) Rank 3
5,908.90 1.5 10.7 17.5 9.3 17.0
* Returns over 1 year are Annualised More »

Portfolio

Top Holdings (Aug 31, 17)

Equity Sector Value
(Rs cr)
Asset %
ICICI Bank Banking/Finance 425.70 7.21
ITC Tobacco 299.88 5.08
Reliance Oil & Gas 299.77 5.08
SBI Banking/Finance 282.12 4.78
HDFC Bank Banking/Finance 237.76 4.03
HDFC Banking/Finance 226.55 3.84
M&M Automotive 201.72 3.42
Kotak Mahindra Banking/Finance 189.21 3.21
Larsen Engineering 180.84 3.06
UPL Chemicals 153.51 2.60

Full Portfolio

Sector Allocation (Aug 31, 17)

Sector %

1-Year

HighLow

Banking/Finance 33.30 0.00 0.00
Oil & Gas 9.35 0.00 0.00
Engineering 8.88 0.00 0.00
Automotive 7.57 0.00 0.00
Tobacco 5.08 0.00 0.00
Cement 4.37 0.00 0.00

View All Sectors

Asset Allocation (%)(Aug 31, 17)

Equity 98.20
Others 0.12
Debt 0.00
Mutual Funds N.A
Money Market 1.48
Cash / Call 0.20

View All

Concentration

Holdings (%)
Top 5 26.18
Top 10 42.31
Sector (%)
Top 3 51.53

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