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Fincash » Mutual Funds » SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund - G

NAV  ₹419.138 ↑ 3.79  (0.91 %) as on 14 Jun 24

Scheme Objective

To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.

SBI Magnum Tax Gain Fund is a Equity - ELSS fund launched on 7 May 07. It is a fund with Moderately High risk and has given a CAGR return of 13.9% since its launch.  Ranked 31 in ELSS category.  Return for 2023 was 40% , 2022 was 6.9% and 2021 was 31% .

Below is the key information for SBI Magnum Tax Gain Fund

NAV as on 14 Jun 24₹419.138 ↑ 3.79  (0.91 %)
Net Assets (AUM) as on 30 Apr 2024 ₹23,412 Cr.
Launch Date7 May 2007
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCSBI Funds Management Private Limited
Alpha Ratio14.22
Expense Ratio1.79 %
Sharpe Ratio3.573
Information Ratio1.79
BenchmarkNot Available
Min Investment ₹500
Min SIP Investment ₹500
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jun 24

DurationReturns
1 Month 9.1%
3 Month 15%
6 Month 29.3%
1 Year 59.9%
3 Year 27.6%
5 Year 24%
10 Year
15 Year
Since launch 13.9%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 40%
2022 6.9%
2021 31%
2020 18.9%
2019 4%
2018 -8.3%
2017 33%
2016 2.1%
2015 3.2%

Growth of 10k Over Years

DateValue
31 May 19₹10,000
31 May 20₹8,086
31 May 21₹13,394
31 May 22₹14,455
31 May 23₹17,307
31 May 24₹27,010
SBI Magnum Tax Gain Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash8.05%
Equity91.95%
SBI Magnum Tax Gain Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services23.86%
Industrials14.5%
Consumer Cyclical10.27%
Energy9.72%
Health Care7.7%
Utility6.84%
Basic Materials6.61%
Technology5.8%
Communication Services3.14%
Consumer Defensive2.69%
Real Estate0.81%
SBI Magnum Tax Gain Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
GE T&D India Ltd (Industrials)
Equity, Since 30 Sep 16 | 522275
Specialty Industrial Machinery5%₹1,137 Cr9,944,328
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
Banks - Regional4%₹934 Cr6,143,253
↑ 1,500,000
Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | 532779
Utilities - Independent Power Producers4%₹928 Cr6,181,522
↓ -71,095
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
Banks - Regional4%₹853 Cr7,416,237
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
Banks - Regional3%₹771 Cr9,335,639
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
Auto Manufacturers3%₹736 Cr3,415,083
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
Telecom Services3%₹736 Cr5,563,576
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
Oil & Gas Refining & Marketing3%₹715 Cr2,437,574
↑ 500,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Jan 23 | 500312
Oil & Gas Integrated3%₹707 Cr25,000,000
↑ 9,000,000
GAIL (India) Ltd (Utilities)
Equity, Since 30 Nov 21 | 532155
Utilities - Regulated Gas3%₹673 Cr32,193,555
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Fund Managers

NameSinceTenure
Dinesh Balachandran10 Sep 167.64 Yr.

Custodians

CompanyAddress
Bank of Nova Scotia12/13, Maker Chamber VI,220, Nariman Point
HDFC Bank LtdHDFC Bank House,Kamala Mills Compound,Senapati Bapat Marg,,Lower Parel (W),
SBI-SG Global Securities Services Private Limited“B Wing”, “Jeevan Seva” Annexe Bldg.,Ground Floor, S.V. Road,Santacruz (W),,Mumbai – 400054

Registrar & Transfer Agent

Computer Age Management Services Ltd
AddressNew No.10, Old No.178,,Kodambakkam High Road,,Opp. Hotel Palmgrove,,Nungambakkam
FAX91-44-28283610
Emailenq_L@camsonline.com

Administrator Companies

CompanyAddress
SBI Mutual Fund191"E", Maker Tower,Cuffe Parade

Auditors

CompanyAddress
M/s. M. M. Nissim & Co.3rdFloor, B Wing, Barodawala Mansion, 81,,Dr. Annie Besant Road, Worli,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
SBI Magnum Tax Gain Fund
Growth
₹419.138
↑ 3.79
29.27 %59.9 %27.55 %24.03 %
SBI Magnum Tax Gain Fund
Normal Dividend, Payout
₹84.9761
↑ 0.77
29.27 %59.9 %27.56 %23.57 %
Data as on 27 Sep 17

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.