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SBI Magnum Taxgain Scheme


1 Lakh

Investment Grown to
₹ 1.25 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.74 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 3.37 -0.35 6.39 4.70 7.65 6.20 9.60
S&P BSE 500 TRI 7.97 1.57 8.28 9.13 13.06 9.29 10.22
Equity: ELSS 7.31 1.02 7.98 8.28 11.07 8.55 10.98
Rank within category 29 36 31 29 29 25 22
Number of funds in category 35 38 37 35 34 29 26

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 33.82 (11-May-2009 - 10-Jun-2009) -32.57 (24-Sep-2008 - 24-Oct-2008)
Quarter 78.26 (09-Mar-2009 - 10-Jun-2009) -40.38 (02-Sep-2008 - 02-Dec-2008)
Year 110.19 (09-Mar-2009 - 11-Mar-2010) -57.04 (04-Dec-2007 - 03-Dec-2008)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.37 13.18 0.20 0.32 0.97 -4.56
S&P BSE 500 TRI 13.11 13.17 0.56 0.86 -- --
Equity: ELSS 11.17 13.43 0.40 0.61 0.96 -1.64
Rank within category 30 17 29 30 23 30
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 62
Top 10 Stocks (%) 41.98
Top 5 Stocks (%) 24.32
Top 3 Sectors (%) 58.10
Portfolio P/B Ratio 2.43
Portfolio P/E Ratio 22.13

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 84,015 2,78,517 96,702
Giant (%) 49.83 59.50 52.39
Large (%) 21.62 18.52 15.16
Mid (%) 19.69 16.63 24.27
Small (%) 8.85 5.32 8.53
Tiny (%) 0.02 0.01 0.27

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 29.57 7.05 3.27 5.99
up Axis Bank Financial 47.71 5.46 1.01 5.46
down ICICI Prudential Life Insurance Co. Ltd. Financial 62.13 5.75 1.12 4.53
equal Larsen & Toubro Construction 19.37 4.77 2.52 4.30
down ICICI Bank Financial 67.66 7.57 0.00 4.04
down State Bank of India Financial 29.35 6.66 2.70 3.92
up Infosys Technology 19.54 5.52 0.00 3.75
down Reliance Industries Energy 23.90 6.15 1.58 3.72
down HDFC Financial 33.50 4.80 1.12 3.18
equal ITC FMCG 21.38 6.23 1.14 3.09
equal Ambuja Cements Construction 15.85 3.27 0.63 2.90
up Bharti Airtel Communication 3.81 0.00 2.59
equal Mahindra & Mahindra Automobile 11.77 3.78 1.08 2.47
up GAIL Energy 10.48 2.37 0.00 1.83
down Colgate-Palmolive FMCG 50.01 2.38 0.00 1.83
equal Tata Consultancy Services Technology 23.99 2.90 0.00 1.81
equal Multi Commodity Exchange India Financial 25.98 1.72 0.00 1.72
equal Cummins India Engineering 23.29 1.93 0.00 1.72
down ICICI Lombard General Insurance Financial 56.52 2.26 0.00 1.61
equal Rallis India Chemicals 20.65 1.59 0.00 1.59
equal BPCL Energy 16.82 1.62 0.00 1.57
equal JK Cement Construction 18.58 2.29 0.00 1.51
up Kotak Mahindra Bank Financial 39.32 3.35 0.00 1.46
up Torrent Power Energy 10.15 1.33 0.00 1.33
equal Lupin Healthcare 109.13 2.60 0.00 1.30

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Nov-2019

Fund Manager

— Dinesh Balachandran since 10-Sep-2016

Education: Mr.Dinesh is a B.Tech from IIT-B, M.S. from MIT USA and CFA.

Experience: Prior to joining SBI Funds Management Pvt. Ltd. he has worked with Fidelity Investments, USA.

Funds Managed:


1.07%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 142.1478

Dividend: ₹ 38.9783


Investment Strategy

The scheme seeks capital appreciation through investments in equities, cumulative convertible preference shares and fully convertible debentures and bonds. The scheme was converted into an open-ended plan in November 1999.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 07-May-2007
Benchmark: S&P BSE 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 7,376 Cr (As on 30-Nov-2019)
Expense: 1.87% (As on 31-Oct-2019)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend08-Mar-20193.0104

 09-Mar-20184.0000
 17-Mar-20174.0000
 11-Mar-20164.0000
 27-Mar-20155.5000
 28-Mar-20143.5000
 28-Mar-20133.5000
 22-Mar-20123.5000
 18-Mar-20114.0000
 05-Mar-20104.0000
 29-May-20092.8000
 15-Feb-200811.0000
 02-Mar-200711.0000
 10-Mar-200615.0000
 10-Jun-200510.2000
 29-Oct-20042.7000
 26-Mar-20041.5000
 31-Dec-20031.5000
 26-Sep-20031.5000
 15-Dec-19992.5000
 31-Mar-19960.8000
 24-Mar-19951.0000

Contact Information

AMC: SBI Funds Management Ltd

Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400051

Phone: 022-61793000 / 1800-425-5425

Fax: 022-22189663

Email: [email protected]

Website: www.sbimf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM