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SBI Magnum Tax Gain Scheme

SBI Magnum Tax Gain Scheme

Category

Equity: tax saving

Return (%)
1 Year

-8.29%

3 Year

7.57%

5 Year

13.88%

Minimum Investment

500

Features

Investment Objective: The prime objective of scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investments made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.

Launch date: 31/03/1993

Fund Family: SBI Mutual Fund

Locking period: 3 years

Top 3 holdings: Finance, Consumer Goods, Pharma

Fund manager: Dinesh Balachandran

Investment type: Growth

Rating

Riskometer

SBI Magnum Tax Gain scheme is one of the oldest offerings of SBI Mutual Fund. With AUM over INR 6200 crores as on May 31st 2018, SBI Magnum Taxgain aims towards increasing the investment value of investors while also providing tax benefits under 80-C

Toll free number: 1800 209 3333 / 1800 425 5425

email id: customer.delight@sbimf.com 

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