SBI Magnum Taxgain Fund (Equity, Equity Elss)

Moderately High
27 yrs 1 monthsStarted on:31 Mar 1993
₹ 7098.46 Cras on: 30 Mar 2020
Long Term Horizon
Capital Appreciation

Minimum Investment

  • ₹ 500.00 for Lumpsum

Investment Objective

The scheme seeks capital appreciation through investments in equities, cumulative convertible preference shares and fully convertible debentures and bonds. The scheme was converted into an open-ended plan in November 1999.

Exit Load

Scheme Documents

Similar Funds
Motilal Oswal Long Term Equity Fund
Current NAV 13.17
Return (CAGR) 5.45%
Value Research
Axis Long Term Equity Fund
Current NAV 37.79
Return (CAGR) 13.84%
Value Research
Tata India Tax Saving Fund
Current NAV 13.35
Return (CAGR) 16.79%
Value Research NA
Aditya Birla SL Tax Relief 96 Fund
Current NAV 24.02
Return (CAGR) 21.85%
Value Research NA
DSP Tax Saver Fund
Current NAV 35.49
Return (CAGR) 10.07%
Value Research
Kotak Tax Saver Fund
Current NAV 33.4
Return (CAGR) 8.76%
Value Research
Principal Tax Savings Fund
Current NAV 147.16
Return (CAGR) 13.90%
Value Research
Mirae Asset Tax Saver Fund
Current NAV 13.23
Return (CAGR) 6.80%
Value Research
UTI Long Term Equity Fund
Current NAV 65.76
Return (CAGR) 12.19%
Value Research
ICICI Pru Long Term Equity (Tax Saving) Fund
Current NAV 264.46
Return (CAGR) 17.21%
Value Research
IDFC Tax Advantage (ELSS) Fund
Current NAV 36.19
Return (CAGR) 12.09%
Value Research
Franklin India Taxshield Fund
Current NAV 379.65
Return (CAGR) 18.92%
Value Research


TenureReturns (CAGR)

SIP Returns

TenureReturns (CAGR)
10 YR2.96


Company Name% Assets
HDFC Bank Ltd.5.75
ICICI Prudential Life Insurance Company Ltd.4.42
Axis Bank Ltd.4.38
Infosys Ltd.4.09
ICICI Bank Ltd.4.07
State Bank of India3.86
Bharti Airtel Ltd.3.78
Larsen & Toubro Ltd.3.49
Ambuja Cements Ltd.3.33
Reliance Industries Ltd.3.28

Top Sectoral Holdings

Sector Name% Assets
Cons Durable2.68


Portfolio turnover ratio62
Standard Deviation13.56%

Dinesh Balachandran

Mr.Dinesh is a B.Tech from IIT-B, M.S. from MIT USA and CFA.
Prior to joining SBI Funds Management Pvt. Ltd. he has worked with Fidelity Investments, USA.