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Fincash » DSP BlackRock Tax Saver Vs SBI Magnum Tax Gain

DSP BlackRock Tax Saver Fund Vs SBI Magnum Tax Gain Fund

Updated on March 20, 2019 , 66 views

DSP BlackRock tax saver Fund and SBI Magnum Tax Gain Fund are ELSS schemes offered by different fund houses. These schemes are Tax Saving Mutual Fund through which individuals can claim dual benefits of both Investing as well as tax savings. These schemes invest a predominant stake of their corpus in equity and equity-related instruments. In addition, people can claim tax deductions under Section 80C of Income Tax Act, 1961. Though both the schemes belong to the same category, yet; there are differences between based on various parameters such as AUM, performance, and so on. So, let us understand the differences between DSP BlackRock Tax Saver Fund and SBI Magnum Tax Gain Fund through this article.

DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund is an open-ended tax savings scheme and is present since 2007. This scheme is managed by DSP BlackRock Mutual Fund whose investment objective is to earn long-term capital growth along with tax deductions. The scheme tries to attain this long-term growth by investing in a diversified portfolio whose substantial proportion consists of equity and equity-related instruments. DSP BlackRock Tax Saver Fund uses Nifty 500 Index as its benchmark to construct its portfolio. Mr. Rahul Singhania is the fund manager managing DSP BlackRock Mutual Fund. As on January 31, 2018, the Top 5 stocks as per holdings that form part of the scheme’s portfolio include HDFC Bank Limited, ICICI Bank Limited, Tata Steel Limited, and Larsen & Toubro Limited.

SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund is a part of SBI Mutual Fund and was incepted on March 31, 1993. This scheme is an open-ended Tax Saving Scheme whose investment objective is to deliver the investment benefits to in a portfolio of equity shares along with offering benefits of a tax deduction. The Fund Manager Managing SBI Magnum Tax Gain is Mr. Dinesh Balachandran. The scheme uses S&P BSE 100 Index as its benchmark to construct its portfolio. SBI Magnum Tax Gain is suitable for investors who are looking for the dual advantage of saving taxes along with long-term capital growth by gaining exposure in equity markets. As on January 31, 2018, some of the shares that were part of SBI Magnum Tax Gain’s portfolio are Reliance Industries Limited, Mahindra & Mahindra Limited, State Bank of India, ITC Limited, and Bharti Airtel Limited.

DSP BlackRock Tax Saver Fund Vs SBI Magnum Tax Gain Fund

Though both the schemes belong to the same category of ELSS yet; there is are differences between both of the schemes. So, let’s have a brief look at the various comparable parameters between both the schemes that are divided into four sections, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.

Basics Section

Some of the elements that form part of Basics Section include Scheme Category, Fincash Ratings, and Current NAV. With respect to the Scheme Category, it can be said that both the schemes belong to the same category, that is, Equity ELSS. The next category to be compared is Fincash Rating. As per the ratings, it can be said that DSP BlackRock Tax Saver Fund is a 4-Star Fund and SBI Magnum Tax Gain Fund is a 2-Star Fund.. While comparing the Current NAV, it can be said that, SBI Magnum Tax Gain Fund leads the race. As on February 22, 2018, the NAV of SBI Magnum Tax Gain was approximately INR 141 while of DSP BlackRock Tax Saver Fund was approximately INR 45. The comparison summary of various elements of the basics section is tabulated as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹47.399 ↓ -0.15   (-0.30 %)
₹4,740 on 28 Feb 19
18 Jan 07
Equity
ELSS
12
Moderately High
2.47
-0.41
-0.05
-2.17
Not Available
NIL
SBI Magnum Tax Gain Fund
Growth
Fund Details
₹142.072 ↓ -0.98   (-0.68 %)
₹6,532 on 28 Feb 19
7 May 07
Equity
ELSS
31
Moderately High
3.02
-0.59
-1.54
-4.76
Not Available
NIL

Performance Section

The Performance section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes. These returns are compared at different time intervals such as 3 Month Return, 6 Month Return, 3 Year Return, and 5 Year Return. The overall performance of both the schemes shows that there is not much difference between the returns generated by both the schemes. At certain time periods the returns generated by DSP BlackRock Tax Saver Fund are higher than SBI Magnum Tax Gain Fund and vice versa. The summary of performance section is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
DSP BlackRock Tax Saver Fund
Growth
Fund Details
8.1%
6.5%
4.1%
7.1%
15.2%
18%
13.6%
SBI Magnum Tax Gain Fund
Growth
Fund Details
5.7%
4.3%
1.9%
3.8%
10.6%
13.6%
10.1%

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Yearly Performance Section

The Yearly Performance Section compares the absolute returns generated by both the schemes generated by both the schemes in a particular year. In yearly performance section, the returns of DSP BlackRock Tax Saver Fund are higher than that of SBI Magnum Tax Gain Fund. The summary of yearly performance section is tabulated as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
DSP BlackRock Tax Saver Fund
Growth
Fund Details
-7.6%
36.3%
11.3%
4.4%
52.2%
SBI Magnum Tax Gain Fund
Growth
Fund Details
-8.3%
33%
2.1%
3.2%
49.1%

Other Details Section

This is the last section in the comparison of both the funds. In this section, the various parameters compared are Minimum SIP and Lumpsum Investment, AUM, and Exit Load. Comparison of Minimum SIP and Lumpsum Investment shows that the amount in case of both SIP and Lumpsum investment are the same which is INR 500. Similarly, in case of Exit Load, both the schemes do not have any Capital Gain attached to it as they are ELSS schemes and have a lock-in period of three years. In case of AUM, SBI Magnum Tax Gain leads the race. As on January 31, 2018, the AUM of DSP BlackRock Tax Saver Fund is approximately INR 3,983 crores and of SBI Magnum Tax Gain Fund is approximately INR 6,663 crores*. The table given below summarizes the various comparable parameters forming part of other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
DSP BlackRock Tax Saver Fund
Growth
Fund Details
₹500
₹500
Rohit Singhania - 3.55 Yr.
SBI Magnum Tax Gain Fund
Growth
Fund Details
₹500
₹500
Dinesh Balachandran - 2.39 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
DSP BlackRock Tax Saver Fund
Growth
Fund Details
DateValue
28 Feb 14₹10,000
28 Feb 15₹16,130
29 Feb 16₹13,830
28 Feb 17₹19,583
28 Feb 18₹22,984
28 Feb 19₹21,978
Growth of 10,000 investment over the years.
SBI Magnum Tax Gain Fund
Growth
Fund Details
DateValue
28 Feb 14₹10,000
28 Feb 15₹15,772
29 Feb 16₹12,935
28 Feb 17₹16,631
28 Feb 18₹19,579
28 Feb 19₹18,356

Detailed Assets & Holdings Comparison

Asset Allocation
DSP BlackRock Tax Saver Fund
Growth
Fund Details
Asset ClassValue
Cash1.47%
Equity98.53%
Equity Sector Allocation
SectorValue
Financial Services37.14%
Basic Materials13.54%
Technology12.01%
Health Care8.35%
Industrials7.68%
Consumer Defensive6%
Energy4.76%
Consumer Cyclical4.57%
Utility3.75%
Real Estate0.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
9%₹422 Cr12,051,260
↑ 1,120,839
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
8%₹382 Cr1,838,413
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹206 Cr2,898,029
↑ 416,484
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
4%₹184 Cr2,502,741
↑ 31,689
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
3%₹159 Cr1,225,918
↑ 94,893
State Bank of India (Financial Services)
Equity, Since 30 Jun 08 | SBIN
3%₹135 Cr5,010,825
↓ -152,479
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK
3%₹133 Cr1,094,394
↑ 208,441
Asian Paints Ltd (Basic Materials)
Equity, Since 31 Jul 16 | 500820
3%₹123 Cr878,387
↑ 116,770
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 16 | HCLTECH
2%₹117 Cr1,112,891
↑ 221,675
Aurobindo Pharma Ltd (Healthcare)
Equity, Since 30 Sep 18 | AUROPHARMA
2%₹110 Cr1,547,126
↑ 63,715
Asset Allocation
SBI Magnum Tax Gain Fund
Growth
Fund Details
Asset ClassValue
Cash8.35%
Equity91.65%
Equity Sector Allocation
SectorValue
Financial Services26.37%
Basic Materials11.78%
Consumer Defensive10.82%
Industrials10.7%
Health Care9.75%
Technology8.3%
Energy5.18%
Consumer Cyclical4.13%
Communication Services2.92%
Utility1.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
9%₹605 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
6%₹360 Cr10,282,843
Infosys Ltd (Technology)
Equity, Since 31 Mar 18 | INFY
5%₹345 Cr4,700,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
5%₹296 Cr1,425,865
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹287 Cr10,405,864
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
4%₹270 Cr2,195,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | 532215
4%₹239 Cr3,364,199
↑ 27,143
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
3%₹217 Cr8,060,233
↑ 750,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 07 | LT
3%₹206 Cr1,591,500
Ambuja Cements Ltd (Basic Materials)
Equity, Since 30 Nov 16 | 500425
3%₹200 Cr9,428,932

Thus, from the above-mentioned pointers, it can be said that though both the schemes are a part of the same category yet; there are differences between them with respect to various parameters. Therefore, individuals should be careful before choosing any scheme to invest by understanding its parameters completely. They should also analyze and check whether the schemes suit their investment preferences or not. If required, individuals can even consult a financial advisor. This will help them to ensure that their objectives are met in time along with their investment being safe.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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