SBI Magnum Tax Gain Scheme (D)
NAV as on 23 Apr, 2018
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Below average performance in the category
The scheme is ranked 4 in ELSS category by Crisil (for quarter ended Dec 2017) rank unchanged from last quarter. If you are already invested in this scheme, you may consider switching to a better performing scheme.
Returns (NAV as on 23 Apr, 2018)
| Period | Returns (%) | Rank # |
|---|---|---|
| 1 mth | 5.4 | 86 |
| 3 mth | -7.9 | 98 |
| 6 mth | 1.8 | 81 |
| 1 year | 12.3 | 76 |
| 2 year | 14.9 | 91 |
| 3 year | 8.7 | 81 |
| 5 year | 17.3 | 58 |
# Moneycontrol Rank within 119 ELSS Schemes.
Absolute Returns (in %)
| Year | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | Annual |
|---|---|---|---|---|---|
| 2017 | 2.0 | 4.3 | -0.1 | 10.8 | 20.8 |
| 2016 | -14.7 | 7.5 | 6.4 | -8.3 | -8.5 |
| 2015 | -5.0 | -0.7 | -4.1 | -0.6 | -8.2 |
| 2014 | -2.1 | 20.8 | 7.9 | 5.7 | 35.4 |
| 2013 | -16.8 | 2.1 | -2.3 | 13.1 | -4.6 |
* Returns over 1 year are Annualised
* Calculation Remark - Dividends are reinvested at the rate of return
Performance
Fund returns v/s Category average (ELSS)
| 1 mth (%) | 3 mth (%) | 6 mth (%) | 1 yr (%) | 2 yr (%) | 3 yr (%) | 5yr (%) | |
| Fund Returns | 5.4 | -7.9 | 1.8 | 12.3 | 14.9 | 8.7 | 17.3 |
| Category avg | 5.7 | -4.6 | 3.9 | 14.7 | 16.8 | 9.3 | 12.7 |
| Difference of Fund returns and Category returns | -0.3 | -3.3 | -2.1 | -2.4 | -1.9 | -0.6 | 4.6 |
| Best of category | 10.1 | 3.2 | 11.5 | 34.7 | 31.0 | 22.3 | 25.7 |
| Worst of category | -4.2 | -14.0 | -6.7 | 3.5 | 12.6 | 3.5 | 7.8 |
| Benchmark returns # | 4.9 | -4.5 | 3.9 | 15.1 | 17.5 | 9.3 | 13.3 |
| Difference of Fund returns and Benchmark returns | 0.5 | -3.4 | -2.1 | -2.8 | -2.6 | -0.6 | 4.0 |
Investment Info
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 periodical ly depending on distributable surplus.
Scheme details
| Fund Type | Open-Ended |
|---|---|
| Investment Plan | Dividend |
| Launch date | Mar 31, 1993 |
| Benchmark | S&P BSE 100 |
| Asset Size (Rs cr) | 6,111.16 (Mar-31-2018) |
| Minimum Investment | Rs.500 |
| Last Dividend | Rs.4.00 (Mar-09-2018) View Dividend History |
| Bonus | N.A. |
| Fund Manager | Jayesh Shroff View performance of schemes managed by the Fund Manager |
| Notes | The scheme is open ended from Nov 1999. |
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 |
| 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 |
14,939.31 | 0.0 | 8.8 | 23.2 | 12.0 | 24.2 |
| Reliance Tax Saver (ELSS) (G) | Rank 3 |
9,729.27 | -14.0 | -2.4 | 9.8 | 8.6 | 21.8 |
| HDFC Tax Saver (G) | Rank 3 |
6,563.84 | -10.2 | 1.3 | 8.6 | 9.0 | 17.6 |
| SBI Magnum Tax Gain (G) | Rank 4 |
6,111.16 | -7.9 | 1.8 | 12.3 | 8.7 | 17.3 |
| ICICI Pru Long Term Equity (Tax Svng)-G | Rank 5 |
4,658.41 | -2.8 | 9.0 | 11.1 | 10.1 | 19.3 |
| * Returns over 1 year are Annualised | More » | ||||||
Portfolio
Top Holdings (Mar 31, 18)
| Equity | Sector | Value (Rs cr) |
Asset % |
|---|---|---|---|
| ICICI Bank | Banking/Finance | 344.67 | 5.64 |
| Reliance | Oil & Gas | 288.45 | 4.72 |
| HDFC Bank | Banking/Finance | 279.28 | 4.57 |
| Larsen | Engineering | 210.22 | 3.44 |
| ITC | Tobacco | 206.56 | 3.38 |
| SBI | Banking/Finance | 177.83 | 2.91 |
| REC | Banking/Finance | 150.95 | 2.47 |
| Ambuja Cements | Cement | 149.72 | 2.45 |
| M&M | Automotive | 148.50 | 2.43 |
| Bharti Airtel | Telecom | 141.17 | 2.31 |
Sector Allocation (Mar 31, 18)
| Sector | % | 1-Year HighLow |
|
|---|---|---|---|
| Banking/Finance | 25.84 | 0.00 | 0.00 |
| Engineering | 11.10 | 0.00 | 0.00 |
| Oil & Gas | 6.23 | 0.00 | 0.00 |
| Food & Beverage | 6.08 | 0.00 | 0.00 |
| Automotive | 5.38 | 0.00 | 0.00 |
| Telecom | 5.06 | 0.00 | 0.00 |
Asset Allocation (%)(Mar 31, 18)
| Equity | 95.22 |
| Others | 0.52 |
| Debt | 0.00 |
| Mutual Funds | N.A |
| Money Market | 6.09 |
| Cash / Call | -1.83 |
Concentration
| Holdings | (%) |
|---|---|
| Top 5 | 21.75 |
| Top 10 | 34.32 |
| Sector | (%) |
|---|---|
| Top 3 | 43.17 |
News & Videos
News
India can be an oasis of hope among emerging markets: SBI MF
Navneet Munot, CIO, SBI Mutual Fund says it's yet early days but India could be an ‘oasis of hope ...
Jun 27, 2016 at 11:50 | Source: CNBC-TV18
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SBI Magnum Taxgain Scheme announces dividend
SBI Magnum Taxgain Scheme announces dividend, the record date for declaration of dividend is March 1 ...
Mar 07, 2016 at 16:56 | Source: Moneycontrol.com
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Bull market correction on; time to invest for long-term: Pros
Long-term investors should be looking at opportunities rather than being worried about what is happe ...
Jan 16, 2016 at 15:28 | Source: CNBC-TV18
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