SBI Magnum Tax Gain Scheme (D)
NAV as on 22 Aug, 2017
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Investment Info
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Below average performance in the category
The scheme is ranked 4 in ELSS category by Crisil (for quarter ended Jun 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 22 Aug, 2017)
| Period | Returns (%) | Rank # |
|---|---|---|
| 1 mth | -2.1 | 58 |
| 3 mth | 3.9 | 51 |
| 6 mth | 10.2 | 69 |
| 1 year | 13.1 | 84 |
| 2 year | 7.9 | 82 |
| 3 year | 10.7 | 67 |
| 5 year | 17.1 | 29 |
# Moneycontrol Rank within 107 ELSS Schemes.
Absolute Returns (in %)
| Year | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | Annual |
|---|---|---|---|---|---|
| 2017 | 2.0 | 4.3 | - | - | - |
| 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 |
| 2012 | 5.2 | -1.1 | 8.8 | 4.0 | 34.0 |
* 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 | -2.1 | 3.9 | 10.2 | 13.1 | 7.9 | 10.7 | 17.1 |
| Category avg | -2.0 | 3.9 | 10.3 | 15.0 | 9.9 | 10.4 | 12.5 |
| Difference of Fund returns and Category returns | -0.1 | 0.0 | -0.1 | -1.9 | -2.0 | 0.3 | 4.6 |
| Best of category | 1.6 | 12.5 | 18.5 | 34.6 | 22.4 | 21.6 | 25.0 |
| Worst of category | -4.5 | -1.2 | 3.0 | 6.9 | 2.5 | 6.1 | 9.1 |
| Benchmark returns # | -1.0 | 5.5 | 10.6 | 15.3 | 13.6 | 8.6 | 13.6 |
| Difference of Fund returns and Benchmark returns | -1.1 | -1.6 | -0.4 | -2.2 | -5.7 | 2.1 | 3.5 |
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) | 5,306.31 (Jun-30-2017) |
| Minimum Investment | Rs.500 |
| Last Dividend | Rs.4.00 (Mar-17-2017) 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 |
12,281.17 | 6.4 | 14.2 | 14.6 | 14.7 | 22.9 |
| Axis Long Term Equity - Direct (G) | Rank 4 |
818.20 | 6.7 | 14.9 | 15.9 | 16.1 | -- |
| Reliance Tax Saver(ELSS)-Direct (G) | Rank 3 |
488.22 | 4.3 | 11.8 | 20.7 | 15.2 | -- |
| Reliance Tax Saver (ELSS) (G) | Rank 3 |
7,676.44 | 4.1 | 11.2 | 19.6 | 14.2 | 22.0 |
| HDFC Tax Saver (G) | Rank 3 |
5,908.90 | 1.1 | 9.0 | 19.0 | 10.0 | 17.8 |
| * Returns over 1 year are Annualised | More » | ||||||
Portfolio
Top Holdings (Jul 31, 17)
| Equity | Sector | Value (Rs cr) |
Asset % |
|---|---|---|---|
| ICICI Bank | Banking/Finance | 432.20 | 7.27 |
| SBI | Banking/Finance | 364.29 | 6.12 |
| Reliance | Oil & Gas | 303.66 | 5.11 |
| ITC | Tobacco | 303.07 | 5.10 |
| HDFC Bank | Banking/Finance | 238.83 | 4.02 |
| M&M | Automotive | 210.50 | 3.54 |
| Kotak Mahindra | Banking/Finance | 198.06 | 3.33 |
| Larsen | Engineering | 190.02 | 3.19 |
| HDFC | Banking/Finance | 165.51 | 2.78 |
| UPL | Chemicals | 162.61 | 2.73 |
Sector Allocation (Jul 31, 17)
| Sector | % | 1-Year HighLow |
|
|---|---|---|---|
| Banking/Finance | 34.27 | 0.00 | 0.00 |
| Engineering | 9.32 | 0.00 | 0.00 |
| Automotive | 8.20 | 0.00 | 0.00 |
| Oil & Gas | 7.14 | 0.00 | 0.00 |
| Tobacco | 5.10 | 0.00 | 0.00 |
| Cement | 4.20 | 0.00 | 0.00 |
Asset Allocation (%)(Jul 31, 17)
| Equity | 96.03 |
| Others | 0.13 |
| Debt | 0.00 |
| Mutual Funds | N.A |
| Money Market | 3.59 |
| Cash / Call | 0.25 |
Concentration
| Holdings | (%) |
|---|---|
| Top 5 | 27.62 |
| Top 10 | 43.19 |
| Sector | (%) |
|---|---|
| Top 3 | 51.79 |
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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