SBI Long Term Equity Fund - Regular Plan- Growth

ELSS NAV 292.3537 0 22 September, 2023

Fund Details

Category ELSS
Fund Type Open Ended
Investment Plan Growth
Launch Date 31 March, 1993
Benchmark S&P BSE 100 Index
Asset Size(Cr) 12998.1909
Turn over 15%
Min Investment ₹ 500
Min SIP Investment ₹ 500
Min Addl Investment ₹ 500
Exit Load Nil
Expense Ratio 1.79
Fund Manager Dinesh Balachandran
Fund House SBI Mutual Fund

Investment Returns (As on 22 Sep, 2023)

Duration Returns Benchmark Category
1 W 1.67% 1.58% 1.68%
1 M 4.02% 4.02% 3.64%
3 M 3.61% 1.44% 1.64%
6 M 2.4% 0.35% -0.87%
1 Y 12.5% 7.25% 5.63%
2 Y 15.22% 12.49% 11.19%
3 Y 26.61% 23.79% 23.4%
5 Y 11.48% 12.46% 9.95%

Risk Mesasures (As on 22 Sep, 2023)

Std Dev Sharpe Beta Alpha
Fund 13.9 1.49 3.15 0.88
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Jun, 2023)

Assets Allocation

Sector Holdings
Others 2.85%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
SBI Long Term Equity Fund - Regular Plan- Growth 12.5% 26.61% 11.48%
Mirae Asset Tax Saver Fund-Regular Plan-Growth 4.15% 25.78% 13.78%
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth 4.36% 23.85% 10.74%
Axis Long Term Equity Fund - Regular Plan - Growth -3.59% 14.95% 8.43%
Aditya Birla Sun Life Tax Relief 96 - Growth Option -0.2% 12.35% 4.49%

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Enjoy Dual Benefits with SBI Magnum TaxGain Scheme

Are you an investor who is worried about how to save tax? Here is an opportunity by SBI Mutual Fund in the form of SBI Magnum TaxGain Scheme which was launched on March 31st, 1993. This is an open ended ELSS scheme that mainly invests in the equity and equity related instruments to help investors earn long-term capital appreciation.

Since this is an ELSS or Equity Linked Savings Scheme, it provides a tax benefit under Section 80C of the Income Tax Act, 1961 up to Rs. 1,50,000 as deduction from the taxable income. It may also distribute periodic income as per the availability of the surplus. Please note that it has a compulsory lock-in period of three years. This fund involves moderately high risk on the principal amount invested and therefore is suitable only for the aggressive investors.

Returns and Risk Management of SBI Magnum TaxGain Fund G

The three year returns generated by SBI Magnum Tax Gain Fund is 4.72%, five year, seven year, and ten year returns generated by this scheme are 13.70%, 12.51%, and 16.00% as on October 29th, 2018.

The standard deviation of this scheme is 15 while that of its benchmark NIFTY 500 TRI and category is 14.90 and 15.45, respectively. The Beta of the scheme is same as that of the category which is 0.99. The Sharpe ratio of this scheme is 0.08 which is less than the other two in comparison. This states that the scheme is likely to generate low returns with the risk taken in comparison to the others. These risk measures are as on September 30th, 2018.

How Are the Assets Diversified?

The assets under management of this scheme are worth Rs. 6218 crores as on September 30th, 2018 out of which it has invested 93.04% in equity and equity related instruments and 6.9% in cash and cash equivalents. The assets have been allocated across 71 stocks. It has invested majorly in the financial sector followed by the FMCG, Healthcare, Technology, Energy, Construction, and Engineering sectors.

The top ten companies in which it has invested majorly are ITC, ICICI Bank, Reliance Industries, Infosys, HDFC Bank, Larsen & Toubro, HCL Technologies, State Bank of India, Ambuja Cements, and Axis Bank with the percentage of assets allocated in them being 6.09, 6.04, 5.50, 4.34, 4.17, 3.26, 3.05, 3.01, 2.31, and 2.26, respectively as on September 30th, 2018.

Why Should You Invest in SBI Magnum Tax Gain Fund?

There are a number of reasons why one should invest in this scheme of mutual funds. They are as follows:

  • This scheme lets you invest in equity and equity related instruments of the companies indirectly in a safer way compared to direct investment in the stock markets.
  • It provides a tax benefit up to Rs. 1,50,000 as deduction from the taxable income.

How to Invest in SBI Magnum Tax Gain Fund Growth?

You may invest in SBI Magnum Tax Gain Scheme online as well as through offline mode. You may invest online through MySIPonline, an online platform that helps you invest in a simple manner. The investment can be made both as SIP investment or lump sum. You may even use the SIP calculator present on the same platform to help investors calculate easily. The minimum investment amount with which an investor may invest in this scheme is Rs. 500 for the first time as well as the existing investor. There is no entry or exit load which an investor needs to incur while entering or exiting from the scheme. Hope you will enjoy investing in this scheme.

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