|Fund Type||Open Ended|
|Benchmark||S&P BSE 100 Index|
|Asset Size(Cr)||6,754 (As on Aug 31, 2018)|
|Fund Manager||Dinesh Balachandran (1.5)|
|Notes||The scheme is open ended from Nov 1999.|
|Min SIP Investment||500|
|Min Addl Investment||500|
|Period||Returns(%)||Benchmark Returns (%)|
- Returns for less than one year are Absolute, and those for more than one year are Annualised (CAGR).
- All the returns are calculated as against the performance of Nifty Free Float Midcap 100.
- The benchmark for the funds falling in small- and mid-cap category is Nifty Free Float Midcap 100.
|Sector||Value(In Cr)||Allocation (%)|
|CONSUMER NON DURABLES||5100.578||8.1344|
|Fund Name||Ratings||1 Yr Rtn.||3 Yr Rtn.||5 Yr Rtn.|
|Motilal Oswal Long Term Equity Fund (G)||-5.02%||15.57%||%|
|HDFC Long Term Advantage Fund (G)||-1.76%||14.92%||16.36%|
|Aditya Birla Sun Life Tax Relief 96 (G)||-0.9%||13.63%||20.03%|
|Axis Long Term Equity Fund (G)||6.54%||13.44%||20.53%|
|L&T Tax Advantage Fund (G)||-4.54%||13.37%||16.78%|
|Period||Returns (%)||BSE 200 (%)|
|No. of Investment||Amount Invested||Investment Value As on date||Units Purchased||CAGR|
| No. of Investment
|| Amount Invested
|| Investment Value As on date
|| Units Purchased || CAGR
The graph depicts the wealth generated or the historical returns offered by the SIP investments made in the selected time horizon.
|Total Amount Invested||Investment Value As on Date||Total Units Purchased||Abs. Return|
| Total Amount Invested
|| Investment Value As on Date
|| Total Units Purchased || Abs. Return
The graph depicts the wealth generated or the historical returns offered by the lump sum investments made in the selected time horizon.
|Sector||Value(In Cr)||Allocation (%)|
|TELECOM - ...||3627.774||5.7855|
|Holdings||Instrument||Industry||Rating||Market Value||% to NAV|
|BhartiAirtelLtd||Equity||TELECOM - SERVICES||-||2340.057||3.7319|
|ITCLtd||Equity||CONSUMER NON DURABLES||-||1440.181||2.2968|
|UnitedBreweriesLtd||Equity||CONSUMER NON DURABLES||-||1357.601||2.1651|
|IdeaCellularLtd||Equity||TELECOM - SERVICES||-||1287.717||2.0536|
|BharatHeavyElectricalsLtd||Equity||INDUSTRIAL CAPITAL GOODS||-||1273.004||2.0302|
|BharatElectronicsLtd||Equity||INDUSTRIAL CAPITAL GOODS||-||929.619||1.4826|
|GlaxoSmithKlineConsumerHealthcareLtd||Equity||CONSUMER NON DURABLES||-||890.711||1.4205|
|BhartiInfratelLtd||Equity||TELECOM - EQUIPMENT & ACCESSORIES||-||719.438||1.1474|
|GETDIndiaLtd||Equity||INDUSTRIAL CAPITAL GOODS||-||670.484||1.0693|
|NestleIndiaLtd||Equity||CONSUMER NON DURABLES||-||602.075||0.9602|
|ManpasandBeveragesLtd||Equity||CONSUMER NON DURABLES||-||407.023||0.6491|
|Colgate-PalmoliveIndiaLtd||Equity||CONSUMER NON DURABLES||-||281.077||0.4483|
|PrataapSnacksLtd||Equity||CONSUMER NON DURABLES||-||121.91||0.1944|
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.
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.
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.
There are a number of reasons why one should invest in this scheme of mutual funds. They are as follows:
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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