fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Mutual Funds » SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund - G

NAV  ₹372.305 ↑ 5.25  (1.43 %) as on 1 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 13.3% 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 1 Mar 24₹372.305 ↑ 5.25  (1.43 %)
Net Assets (AUM) as on 31 Jan 2024 ₹20,085 Cr.
Launch Date7 May 2007
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCSBI Funds Management Private Limited
Alpha Ratio12.31
Expense Ratio1.79 %
Sharpe Ratio2.746
Information Ratio1.16
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 1 Mar 24

DurationReturns
1 Month 4.2%
3 Month 18.3%
6 Month 29%
1 Year 58.1%
3 Year 26.6%
5 Year 22.2%
10 Year
15 Year
Since launch 13.3%

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
Cash4.46%
Equity95.54%
SBI Magnum Tax Gain Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services24.33%
Industrials15.21%
Consumer Cyclical10.3%
Health Care8.94%
Basic Materials8.39%
Energy7.75%
Technology7.38%
Utility5.91%
Consumer Defensive3.39%
Communication Services3.07%
Real Estate0.86%
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 - Regional4%₹739 Cr7,416,237
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
Banks - Regional4%₹725 Cr4,243,253
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 07 | LT
Engineering & Construction3%₹646 Cr1,832,046
GE T&D India Ltd (Industrials)
Equity, Since 30 Sep 16 | 522275
Specialty Industrial Machinery3%₹614 Cr12,194,328
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
Auto Manufacturers3%₹591 Cr3,415,083
Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | TORNTPOWER
Utilities - Independent Power Producers3%₹584 Cr6,252,617
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
Telecom Services3%₹574 Cr5,563,576
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
Banks - Regional3%₹561 Cr8,735,639
↑ 1,050,000
Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | CUMMINSIND
Specialty Industrial Machinery3%₹543 Cr2,763,190
GAIL (India) Ltd (Utilities)
Equity, Since 30 Nov 21 | GAIL
Utilities - Regulated Gas3%₹522 Cr32,193,555
1 - 10 of 67
Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Fund Managers

NameSinceTenure
Dinesh Balachandran10 Sep 167.4 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
₹372.305
↑ 5.25
28.95 %58.05 %26.61 %22.21 %
SBI Magnum Tax Gain Fund
Normal Dividend, Payout
₹75.4809
↑ 1.06
28.95 %58.06 %26.61 %21.53 %
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.