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Fincash » Mutual Funds » SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund - G

NAV  ₹282.504 ↑ 1.48  (0.53 %) as on 22 Aug 23

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 11.9% since its launch.  Ranked 31 in ELSS category.  Return for 2022 was 6.9% , 2021 was 31% and 2020 was 18.9% .

Below is the key information for SBI Magnum Tax Gain Fund

NAV as on 22 Aug 23₹282.504 ↑ 1.48  (0.53 %)
Net Assets (AUM) as on 31 Jul 2023 ₹15,374 Cr.
Launch Date7 May 2007
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCSBI Funds Management Private Limited
Alpha Ratio9.77
Expense Ratio1.79 %
Sharpe Ratio1.645
Information Ratio0.48
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 22 Aug 23

DurationReturns
1 Month 1.5%
3 Month 13.4%
6 Month 20.7%
1 Year 25.3%
3 Year 25.1%
5 Year 14.2%
10 Year
15 Year
Since launch 11.9%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 6.9%
2021 31%
2020 18.9%
2019 4%
2018 -8.3%
2017 33%
2016 2.1%
2015 3.2%
2014 49.1%

Growth of 10k Over Years

DateValue
30 Sep 18₹10,000
30 Sep 19₹10,180
30 Sep 20₹10,464
30 Sep 21₹16,311
30 Sep 22₹16,576
30 Sep 23₹21,835
SBI Magnum Tax Gain Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash4.32%
Equity95.68%
SBI Magnum Tax Gain Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services25.93%
Industrials14.7%
Health Care9.35%
Consumer Cyclical8.64%
Energy8.31%
Basic Materials8.1%
Technology8.03%
Utility5.01%
Consumer Defensive3.14%
Communication Services3.06%
Real Estate1.42%
SBI Magnum Tax Gain Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
Banks - Regional5%₹711 Cr7,416,237
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 07 | LT
Engineering & Construction4%₹667 Cr2,468,968
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
Banks - Regional4%₹667 Cr4,243,253
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
Auto Manufacturers3%₹538 Cr3,415,083
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
Telecom Services3%₹476 Cr5,563,576
Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | 500480
Specialty Industrial Machinery3%₹472 Cr2,763,190
↓ -94,007
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
Oil & Gas Refining & Marketing3%₹466 Cr1,937,574
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | 532215
Banks - Regional3%₹437 Cr4,492,332
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
Banks - Regional3%₹431 Cr7,685,639
Cipla Ltd Shs Dematerialised (Healthcare)
Equity, Since 31 Jul 18 | 500087
Drug Manufacturers - General3%₹428 Cr3,403,528
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Fund Managers

NameSinceTenure
Dinesh Balachandran10 Sep 166.98 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
₹282.504
↑ 1.48
20.7 %25.27 %25.13 %14.21 %
SBI Magnum Tax Gain Fund
Normal Dividend, Payout
₹57.2748
↑ 0.30
20.71 %25.27 %25.13 %13.57 %
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.