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Fincash » Mutual Funds » SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund - G

NAV  ₹230.725 ↓ -1.61  (-0.69 %) as on 20 Mar 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 10.8% 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 20 Mar 23₹230.725 ↓ -1.61  (-0.69 %)
Net Assets (AUM) as on 28 Feb 2023 ₹12,158 Cr.
Launch Date7 May 2007
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCSBI Funds Management Private Limited
Alpha Ratio6.95
Expense Ratio1.85 %
Sharpe Ratio0.405
Information Ratio0.33
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 20 Mar 23

DurationReturns
1 Month -2.4%
3 Month -5.2%
6 Month -1.5%
1 Year 6.8%
3 Year 29.2%
5 Year 10.9%
10 Year
15 Year
Since launch 10.8%

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
SBI Magnum Tax Gain Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash7.93%
Equity92.07%
SBI Magnum Tax Gain Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services28.07%
Industrials13.26%
Consumer Cyclical8.23%
Energy8.23%
Technology7.01%
Basic Materials6.75%
Health Care6.21%
Utility5.35%
Consumer Defensive3.34%
Communication Services3.28%
Real Estate2.34%
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%₹617 Cr7,416,237
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 07 | LT
Engineering & Construction4%₹525 Cr2,468,968
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
Auto Manufacturers4%₹471 Cr3,415,083
Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | 500480
Specialty Industrial Machinery4%₹443 Cr3,088,066
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
Oil & Gas Refining & Marketing4%₹433 Cr1,837,574
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
Banks - Regional4%₹425 Cr7,685,639
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
Banks - Regional4%₹424 Cr2,641,521
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | 532215
Banks - Regional3%₹392 Cr4,492,332
Infosys Ltd (Technology)
Equity, Since 31 Mar 18 | INFY
Information Technology Services3%₹388 Cr2,531,001
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
Telecom Services3%₹362 Cr4,699,071
↑ 1,100,400
1 - 10 of 64
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Fund Managers

NameSinceTenure
Dinesh Balachandran10 Sep 166.4 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
₹230.725
↓ -1.61
-1.52 %6.83 %29.16 %10.9 %
SBI Magnum Tax Gain Fund
Normal Dividend, Payout
₹52.0497
↓ -0.36
-1.52 %6.83 %29.16 %10.29 %
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.