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SBI Magnum Tax Gain Scheme - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : SBI Mutual Fund
  • NAV
    : ₹ 141.5338 -0.48%
    (as on 21st June, 2019)
Crisil Rank
Average performance among peers
Risk-O-Meter
Moderately High
(Min ₹500 for SIP, ₹500 for one time investment)

Fund has 96.12% investment in indian stocks of which 67.43% is in large cap stocks, 16.44% is in mid cap stocks, 12.25% in small cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

Crisil Rank Change : Fund Crisil rank was updated from 2 to 3 in the previous quarter.

This Scheme
VS
  • Benchmark
    S&P BSE 500
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Returns (NAV as on 21st June, 2019)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 14-Jun-19 9910.87 -0.89% - -0.82% 52/67
1 Month 21-May-19 10026.05 0.26% - 0.75% 45/67
3 Month 20-Mar-19 9893.97 -1.06% - 0.60% 56/67
6 Month 21-Dec-18 10385.84 3.86% - 4.31% 40/66
YTD 01-Apr-19 9719.77 -2.80% - -0.77% 54/67
1 Year 21-Jun-18 10291.52 2.92% 2.92% 0.58% 26/63
2 Year 21-Jun-17 10532.03 5.32% 2.63% 3.99% 39/54
3 Year 21-Jun-16 12710.78 27.11% 8.32% 11.40% 42/47
5 Year 20-Jun-14 15499.46 54.99% 9.15% 11.65% 30/35
10 Year 19-Jun-09 31167.98 211.68% 12.03% 13.07% 18/29
Since Inception 31-Mar-93 141533.80 1315.34% 10.63% - -/-

SIP Returns (NAV as on 21st Jun,2019)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 year 21-Jun-18 12000 12308.53 2.57 % 4.80 %
2 years 21-Jun-17 24000 24366.25 1.53 % 1.46 %
3 years 21-Jun-16 36000 38625.04 7.29 % 4.62 %
5 years 21-Jun-14 60000 70376.31 17.29 % 6.32 %
10 years 21-Jun-09 120000 212089.66 76.74 % 10.97 %
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 31st May,2019)

Portfolio Turnover Ratio : 62.00%  |   Category average turnover ratio is 101.94%  
Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 96.12% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.12%
No of Stocks : 65 (Category Avg - 44.48) | Large Cap Investments : 67.43%| Mid Cap Investments : 16.44% | Small Cap Investments : 12.25% | Other : 0%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Cr) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
ICICI Bank Ltd. Banks 4356.8 6.08% 0.12% 5.51% (Feb 2019) 5.51% (Feb 2019) 1.03 Cr 0.00
ICICI Prudential Life Insurance Co Ltd. Insurance 3510.5 4.90% 0.14% 1.12% (Jan 2019) 1.12% (Jan 2019) 90.54 L 0.00
HDFC Bank Ltd. Banks 3458.2 4.82% 0.12% 3.85% (Oct 2018) 3.85% (Oct 2018) 14.26 L 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 3257.6 4.54% 1.49% 3.05% (Apr 2019) 3.05% (Apr 2019) 20.92 L 5.00 L
Housing Development Finance Corporation Ltd. Housing finance 3181.1 4.44% 1.83% 1.35% (Jun 2018) 1.35% (Jun 2018) 14.57 L 5.38 L
State Bank Of India Banks 2841.2 3.96% 0.40% 3.01% (Sep 2018) 3.01% (Sep 2018) 80.60 L 0.00
Infosys Ltd. Computers - software 2729.7 3.81% -0.68% 3.81% (May 2019) 3.81% (May 2019) 37.00 L -5.00 L
Axis Bank Ltd. Banks 2719.3 3.79% 0.12% 2.14% (Jun 2018) 2.14% (Jun 2018) 33.64 L 0.00
ITC Limited Cigarettes 2578.2 3.60% -0.86% 3.6% (May 2019) 3.6% (May 2019) 92.56 L -0.12 Cr
Reliance Industries Ltd. Refineries/marketing 2321.1 3.24% -1.11% 3.24% (May 2019) 3.24% (May 2019) 17.45 L -4.50 L
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 4.33%
Net Receivables Net Receivables -0.45%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 01st January, 1970)

    No data available. Ratios are only available for the funds which are 3 years old.

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Kotak Tax Saver Scheme - Growth 4 934.61 1.65 4.27 9.55 11.28 13.77
Canara Robeco Equity Tax Saver - Regular Plan - Growth 5 982.77 1.35 2.76 8.57 10.26 13.79
Mirae Asset Tax Saver Fund - Regular Plan - Growth 5 2111.58 2.29 2.39 7.63 9.89 18.82
Tata India Tax Savings Fund - Regular Plan - Growth NA 1873.40 1.78 3.40 10.34 8.35 13.65
DSP Tax Saver Fund - Regular Plan - Growth 3 5642.77 1.72 2.16 9.18 7.84 12.90
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth 4 6424.90 0.47 2.32 6.29 7.14 11.46
JM Tax Gain Fund - Growth 3 32.67 1.58 3.68 8.62 6.24 14.93
BNP Paribas Long Term Equity Fund - Growth 2 476.90 2.27 3.44 8.27 5.62 9.35
LIC MF Tax Plan 1997 - Growth 4 227.18 1.40 2.45 3.79 5.17 12.17
Union Tax Saver Scheme - Growth 3 254.78 0.78 1.79 6.43 5.02 8.34

More Funds from SBI Mutual Fund

Out of 133 mutual fund schemes offered by this AMC, 4 is/are ranked 5 * , 6 is/are ranked 4 * , 11 is/are ranked 3 * , 8 is/are ranked 2 * , 3 is/are ranked 1 * , and 101 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
SBI - ETF Nifty 50 5 55103.69 0.46 2.15 9.71 10.51 13.98
SBI - ETF Nifty 50 5 55103.69 0.46 2.15 9.71 10.51 13.98
SBI Liquid Fund - Growth 2 51592.64 0.58 1.81 3.58 7.38 7.00
SBI Equity Hybrid Fund - Regular Plan - Growth 3 30028.10 1.02 2.97 7.23 8.63 11.27
SBI Blue Chip Fund - Growth 2 22754.13 1.26 3.54 8.31 5.35 10.17
SBI - ETF SENSEX 5 17629.59 0.96 2.52 10.29 11.92 14.82
SBI - ETF SENSEX 5 17629.59 0.96 2.52 10.29 11.92 14.82
SBI Savings Fund - Growth 2 9585.85 0.67 1.96 3.91 7.73 7.12
SBI Magnum Ultra Short Duration Fund - Growth 4 8690.47 0.68 2.02 4.10 8.32 7.39
SBI Magnum MultiCap Fund - Growth 3 7582.94 1.67 3.18 8.34 6.12 12.42

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