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6 Best Tax Saving SIP MF Plans to Invest in 2023 | Fincash.com

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6 Best Tax Saving SIP Plans to Invest in 2023

Updated on May 25, 2023 , 34548 views

Equity Linked Saving Schemes or ELSS is gaining a huge popularity as the best tax saving option, amongst the Indian investors. It has the potential to deliver good returns, and also it has the shortest lock-in period. ELSS is an equity diversified fund, wherein the majority of the fund corpus is invested either in Equity Fund or equity-related products. Investors can attain tax deductions up to INR 1,50,000 under Section 80C of income tax Act from their taxable Income. As these funds offer dual benefits of— tax saving and wealth creation, investors can invest in ELSS and make the most out of their investment. So, to make the process of Investing easy, we have shortlisted the best tax saving SIP plans that offer the best returns to the investors.

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Best Performing SIP Funds to Invest in Equity Linked Saving Scheme (ELSS) FY 23 - 24

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
IDFC Tax Advantage (ELSS) Fund Growth ₹106.313
↑ 1.01
₹4,333 500 7.63.21937.712.84.2
Franklin India Taxshield Growth ₹926.735
↑ 6.26
₹4,740 500 6.3-0.417.131.210.85.4
Nippon India Tax Saver Fund (ELSS) Growth ₹81.8299
↑ 0.80
₹11,451 500 5.5-0.714.831.17.56.9
HDFC Tax Saver Fund Growth ₹843.992
↑ 3.59
₹10,179 500 5.811930.910.810.5
Mirae Asset Tax Saver Fund Growth ₹32.264
↑ 0.27
₹15,218 500 5.90.813.130.914.80.1
SBI Magnum Tax Gain Fund Growth ₹251.553
↑ 1.98
₹12,998 500 7.74.22330.312.66.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23
*Above is list of best ELSS SIP funds having AUM/Net Assets above 500 Crore. Sorted on Last 3 Year Return.

1. IDFC Tax Advantage (ELSS) Fund

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 17.8% since its launch.  Ranked 3 in ELSS category.  Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% .

Below is the key information for IDFC Tax Advantage (ELSS) Fund

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (26 May 23) ₹106.313 ↑ 1.01   (0.95 %)
Net Assets (Cr) ₹4,333 on 30 Apr 23
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio -0.07
Information Ratio 1.16
Alpha Ratio -0.58
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹9,394
30 Apr 20₹7,267
30 Apr 21₹12,890
30 Apr 22₹16,282
30 Apr 23₹16,923

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for IDFC Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 5.7%
3 Month 7.6%
6 Month 3.2%
1 Year 19%
3 Year 37.7%
5 Year 12.8%
10 Year
15 Year
Since launch 17.8%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.2%
2021 49.2%
2020 18.7%
2019 1.9%
2018 -9.4%
2017 53.4%
2016 0.4%
2015 6.9%
2014 42.2%
2013 15%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 166.53 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services27.23%
Industrials13.77%
Consumer Cyclical13.37%
Basic Materials10.49%
Technology8.41%
Health Care6.4%
Consumer Defensive6.35%
Energy3.91%
Communication Services2.44%
Utility1.47%
Asset Allocation
Asset ClassValue
Cash6.16%
Equity93.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹349 Cr3,800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹177 Cr1,050,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹169 Cr700,000
↑ 25,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹169 Cr1,350,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK
4%₹168 Cr1,950,000
↑ 100,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹145 Cr2,500,000
↓ -500,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹126 Cr2,600,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC
3%₹118 Cr425,000
↑ 75,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
2%₹106 Cr1,325,000
NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC
2%₹104 Cr8,700,000
↓ -300,000

2. Franklin India Taxshield

The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate

Franklin India Taxshield is a Equity - ELSS fund was launched on 10 Apr 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 20.7% since its launch.  Ranked 28 in ELSS category.  Return for 2022 was 5.4% , 2021 was 36.7% and 2020 was 9.8% .

Below is the key information for Franklin India Taxshield

Franklin India Taxshield
Growth
Launch Date 10 Apr 99
NAV (26 May 23) ₹926.735 ↑ 6.26   (0.68 %)
Net Assets (Cr) ₹4,740 on 30 Apr 23
Category Equity - ELSS
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.9
Sharpe Ratio 0.14
Information Ratio 0.34
Alpha Ratio 2.76
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,232
30 Apr 20₹7,865
30 Apr 21₹12,479
30 Apr 22₹14,995
30 Apr 23₹16,070

Franklin India Taxshield SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578
Invest Now

Returns for Franklin India Taxshield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 4%
3 Month 6.3%
6 Month -0.4%
1 Year 17.1%
3 Year 31.2%
5 Year 10.8%
10 Year
15 Year
Since launch 20.7%
Historical performance (Yearly) on absolute basis
YearReturns
2022 5.4%
2021 36.7%
2020 9.8%
2019 5.1%
2018 -3%
2017 29.1%
2016 4.7%
2015 4%
2014 56.9%
2013 6.1%
Fund Manager information for Franklin India Taxshield
NameSinceTenure
Anand Radhakrishnan18 Oct 211.53 Yr.
R. Janakiraman2 May 167 Yr.

Data below for Franklin India Taxshield as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services32.32%
Industrials12.64%
Consumer Cyclical10.19%
Technology9.8%
Consumer Defensive8.3%
Basic Materials5.8%
Utility5.26%
Communication Services5.23%
Energy4.37%
Health Care1.33%
Asset Allocation
Asset ClassValue
Cash4.75%
Equity95.25%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
9%₹422 Cr4,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK
9%₹422 Cr2,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT
6%₹270 Cr1,140,000
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹251 Cr2,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL
5%₹248 Cr3,100,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK
5%₹237 Cr2,750,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
4%₹173 Cr3,000,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
3%₹138 Cr1,300,000
Grasim Industries Ltd (Basic Materials)
Equity, Since 30 Jun 11 | GRASIM
3%₹138 Cr800,000
United Spirits Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Oct 18 | 532432
3%₹128 Cr1,650,000

3. Nippon India Tax Saver Fund (ELSS)

The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. However, there can be no assurance that the scheme’s investment objective shall be achieved.

Nippon India Tax Saver Fund (ELSS) is a Equity - ELSS fund was launched on 21 Sep 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.6% since its launch.  Ranked 16 in ELSS category.  Return for 2022 was 6.9% , 2021 was 37.6% and 2020 was -0.4% .

Below is the key information for Nippon India Tax Saver Fund (ELSS)

Nippon India Tax Saver Fund (ELSS)
Growth
Launch Date 21 Sep 05
NAV (26 May 23) ₹81.8299 ↑ 0.80   (0.98 %)
Net Assets (Cr) ₹11,451 on 30 Apr 23
Category Equity - ELSS
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 1.8
Sharpe Ratio 0.02
Information Ratio -0.01
Alpha Ratio 0.91
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹9,208
30 Apr 20₹6,684
30 Apr 21₹10,277
30 Apr 22₹12,425
30 Apr 23₹13,073

Nippon India Tax Saver Fund (ELSS) SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
Invest Now

Returns for Nippon India Tax Saver Fund (ELSS)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 3.9%
3 Month 5.5%
6 Month -0.7%
1 Year 14.8%
3 Year 31.1%
5 Year 7.5%
10 Year
15 Year
Since launch 12.6%
Historical performance (Yearly) on absolute basis
YearReturns
2022 6.9%
2021 37.6%
2020 -0.4%
2019 1.5%
2018 -20.7%
2017 46%
2016 4.2%
2015 -2.9%
2014 83%
2013 3.5%
Fund Manager information for Nippon India Tax Saver Fund (ELSS)
NameSinceTenure
Rupesh Patel1 Jul 211.83 Yr.
Ashutosh Bhargava1 Jul 202.83 Yr.
Kinjal Desai25 May 184.94 Yr.
Akshay Sharma1 Dec 220.41 Yr.

Data below for Nippon India Tax Saver Fund (ELSS) as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services39.38%
Consumer Cyclical11.76%
Industrials10.64%
Basic Materials9.56%
Technology5.47%
Consumer Defensive5.01%
Health Care4.8%
Utility4.73%
Energy4.02%
Communication Services2.4%
Real Estate1.14%
Asset Allocation
Asset ClassValue
Cash0.78%
Equity98.91%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | ICICIBANK
9%₹991 Cr10,800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 29 Feb 20 | HDFCBANK
9%₹975 Cr5,780,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 20 | INFY
5%₹626 Cr4,999,296
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 20 | AXISBANK
5%₹550 Cr6,400,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 13 | SBIN
5%₹549 Cr9,500,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 20 | HDFC
4%₹472 Cr1,700,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 20 | RELIANCE
4%₹460 Cr1,900,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT
4%₹426 Cr1,800,000
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 28 Feb 19 | NTPC
2%₹279 Cr16,200,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | TATAMOTORS
2%₹267 Cr5,500,000

4. HDFC Tax Saver Fund

The fund plans to provide long term growth of capital.

HDFC Tax Saver Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR/Annualized return of since its launch.  Ranked 27 in ELSS category.  Return for 2022 was 10.5% , 2021 was 35.3% and 2020 was 5.8% .

Below is the key information for HDFC Tax Saver Fund

HDFC Tax Saver Fund
Growth
Launch Date 31 Mar 96
NAV (26 May 23) ₹843.992 ↑ 3.59   (0.43 %)
Net Assets (Cr) ₹10,179 on 30 Apr 23
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.86
Sharpe Ratio 0.49
Information Ratio 0.32
Alpha Ratio 6.94
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,188
30 Apr 20₹7,850
30 Apr 21₹11,262
30 Apr 22₹14,190
30 Apr 23₹15,905

HDFC Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578
Invest Now

Returns for HDFC Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 3.5%
3 Month 5.8%
6 Month 1%
1 Year 19%
3 Year 30.9%
5 Year 10.8%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2022 10.5%
2021 35.3%
2020 5.8%
2019 3.7%
2018 -10.9%
2017 38.7%
2016 7.6%
2015 -6.2%
2014 56.4%
2013 5.1%
Fund Manager information for HDFC Tax Saver Fund
NameSinceTenure
Roshi Jain13 Jan 221.29 Yr.
Priya Ranjan1 May 221 Yr.

Data below for HDFC Tax Saver Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services36.5%
Technology10.76%
Health Care10.46%
Industrials10.45%
Consumer Cyclical7.76%
Utility6.44%
Communication Services6.05%
Energy5.23%
Real Estate1.75%
Asset Allocation
Asset ClassValue
Cash4.6%
Equity95.4%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹982 Cr10,700,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK
9%₹928 Cr5,500,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL
6%₹599 Cr7,500,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 06 | SBIN
6%₹578 Cr10,000,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jan 22 | HAL
5%₹489 Cr1,675,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
5%₹468 Cr4,400,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 08 | INFY
5%₹464 Cr3,700,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | M&M
4%₹454 Cr3,700,000
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Nov 16 | NTPC
4%₹430 Cr25,000,000
Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jan 22 | DRREDDY
4%₹394 Cr799,125
↓ -25,875

5. Mirae Asset Tax Saver Fund

The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns.

Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 17.1% since its launch.  Return for 2022 was 0.1% , 2021 was 35.3% and 2020 was 21.5% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund
Growth
Launch Date 28 Dec 15
NAV (26 May 23) ₹32.264 ↑ 0.27   (0.83 %)
Net Assets (Cr) ₹15,218 on 30 Apr 23
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.28
Sharpe Ratio -0.09
Information Ratio 0.19
Alpha Ratio -0.76
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,632
30 Apr 20₹9,483
30 Apr 21₹15,341
30 Apr 22₹18,167
30 Apr 23₹18,840

Mirae Asset Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Mirae Asset Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 4.2%
3 Month 5.9%
6 Month 0.8%
1 Year 13.1%
3 Year 30.9%
5 Year 14.8%
10 Year
15 Year
Since launch 17.1%
Historical performance (Yearly) on absolute basis
YearReturns
2022 0.1%
2021 35.3%
2020 21.5%
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
Fund Manager information for Mirae Asset Tax Saver Fund
NameSinceTenure
Neelesh Surana28 Dec 157.34 Yr.

Data below for Mirae Asset Tax Saver Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services36.12%
Consumer Cyclical13.11%
Technology9.39%
Basic Materials8.18%
Industrials8.04%
Energy7.25%
Health Care6.71%
Utility3.88%
Consumer Defensive3.63%
Communication Services2.44%
Real Estate0.42%
Asset Allocation
Asset ClassValue
Cash0.84%
Equity99.16%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
8%₹1,260 Cr7,467,222
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
7%₹1,102 Cr4,554,179
↑ 175,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹1,063 Cr11,588,912
↓ -465,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | AXISBANK
4%₹666 Cr7,748,266
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
4%₹618 Cr4,929,691
↑ 160,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
4%₹595 Cr10,293,799
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
3%₹468 Cr4,402,672
↑ 260,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
3%₹400 Cr1,693,630
↓ -140,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC
3%₹398 Cr1,433,263
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
2%₹372 Cr4,654,889

6. SBI Magnum Tax Gain Fund

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 was launched on 7 May 07. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.3% 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

SBI Magnum Tax Gain Fund
Growth
Launch Date 7 May 07
NAV (26 May 23) ₹251.553 ↑ 1.98   (0.79 %)
Net Assets (Cr) ₹12,998 on 30 Apr 23
Category Equity - ELSS
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 1.85
Sharpe Ratio 0.42
Information Ratio 0.24
Alpha Ratio 6.5
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹9,991
30 Apr 20₹8,330
30 Apr 21₹12,686
30 Apr 22₹15,112
30 Apr 23₹16,856

SBI Magnum Tax Gain Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for SBI Magnum Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 5%
3 Month 7.7%
6 Month 4.2%
1 Year 23%
3 Year 30.3%
5 Year 12.6%
10 Year
15 Year
Since launch 11.3%
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%
2013 7%
Fund Manager information for SBI Magnum Tax Gain Fund
NameSinceTenure
Dinesh Balachandran10 Sep 166.64 Yr.

Data below for SBI Magnum Tax Gain Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services26.38%
Industrials14.85%
Energy8.84%
Consumer Cyclical7.21%
Utility7.03%
Technology6.33%
Basic Materials6.16%
Health Care6.02%
Consumer Defensive3.59%
Communication Services3.42%
Real Estate2.41%
Asset Allocation
Asset ClassValue
Cash7.76%
Equity92.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
5%₹681 Cr7,416,237
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 07 | LT
4%₹584 Cr2,468,968
Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | CUMMINSIND
4%₹487 Cr3,088,066
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
4%₹469 Cr1,937,574
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
3%₹446 Cr2,641,521
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
3%₹445 Cr5,563,576
↑ 355,426
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
3%₹444 Cr7,685,639
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
3%₹419 Cr3,415,083
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | AXISBANK
3%₹386 Cr4,492,332
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹376 Cr8,836,111

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