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Fincash » Mutual Funds » SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund - G

NAV  ₹368.908 ↑ 0.24  (0.07 %) as on 27 Mar 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 13.2% 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 27 Mar 24₹368.908 ↑ 0.24  (0.07 %)
Net Assets (AUM) as on 29 Feb 2024 ₹21,203 Cr.
Launch Date7 May 2007
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCSBI Funds Management Private Limited
Alpha Ratio12.5
Expense Ratio1.79 %
Sharpe Ratio3.393
Information Ratio1.54
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 27 Mar 24

DurationReturns
1 Month -0.4%
3 Month 12.1%
6 Month 25.4%
1 Year 61%
3 Year 27.2%
5 Year 21%
10 Year
15 Year
Since launch 13.2%

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
28 Feb 19₹10,000
29 Feb 20₹10,138
28 Feb 21₹13,429
28 Feb 22₹15,572
28 Feb 23₹17,245
29 Feb 24₹27,256
SBI Magnum Tax Gain Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash6.63%
Equity93.37%
SBI Magnum Tax Gain Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services22.62%
Industrials15.34%
Consumer Cyclical9.81%
Health Care8.58%
Energy8.36%
Basic Materials7.81%
Technology7.67%
Utility6%
Communication Services3.24%
Consumer Defensive3.1%
Real Estate0.83%
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 Machinery4%₹906 Cr9,944,328
↓ -1,250,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
Banks - Regional4%₹780 Cr7,416,237
Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | 500480
Specialty Industrial Machinery4%₹757 Cr2,763,190
Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | 532779
Utilities - Independent Power Producers3%₹674 Cr6,252,617
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
Auto Manufacturers3%₹660 Cr3,415,083
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
Banks - Regional3%₹654 Cr8,735,639
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
Telecom Services3%₹625 Cr5,563,576
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
Banks - Regional3%₹595 Cr4,243,253
GAIL (India) Ltd (Utilities)
Equity, Since 30 Nov 21 | 532155
Utilities - Regulated Gas3%₹587 Cr32,193,555
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
Oil & Gas Refining & Marketing3%₹566 Cr1,937,574
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Fund Managers

NameSinceTenure
Dinesh Balachandran10 Sep 167.48 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
₹368.908
↑ 0.24
25.44 %60.97 %27.24 %21.03 %
SBI Magnum Tax Gain Fund
Normal Dividend, Payout
₹74.7923
↑ 0.05
25.44 %60.97 %27.24 %20.58 %
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.