SBI Magnum TaxGain Scheme 1993 - Growth - Direct Plan

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Fund Overview Growth | Direct Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

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Fund Objective

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

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
SBI MAGNUM TAXGAIN SCHEME 1993 - DIRECT PLAN -GROWTH 4.03 7.55 10.33 8.55 5.89 12.51
S&P BSE 500 0.51 5.04 12.30 10.28 6.65 14.05
S&P BSE 500 - TRI 0.52 5.10 13.58 11.63 7.98 9.46
S&P BSE SENSEX - TRI -1.45 4.40 16.19 15.06 8.14 13.17

Returns upto 1 year is Absolute, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
SBI MAGNUM TAXGAIN SCHEME 1993 - DIRECT PLAN -GROWTH Jan 01, 2013 10.33 8.55 5.89 1.30 7,370.28
Axis Long Term Equity Fund - Direct Plan - Growth Option Jan 01, 2013 23.42 17.06 11.25 0.92 21,472.82
Nippon India Tax Saver Fund - Direct Plan Growth Plan - Growth Option - Growth Jan 01, 2013 Unrated 7.74 3.93 3.19 1.28 10,813.57
Aditya Birla Sun Life Tax Relief 96 - Growth - Direct Plan Jan 01, 2013 10.92 12.84 9.72 0.81 10,029.20
HDFC TaxSaver -Direct Plan - Growth Option Dec 31, 2012 Unrated 6.75 6.56 4.92 1.39 7,454.46
ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan - Growth Jan 01, 2013 14.23 10.89 8.46 1.25 6,707.34

Fund Holdings as on 31-December-2019

  • HDFC Bank Ltd.

  • Axis Bank Ltd.

  • ICICI Prudential Life Insurance Company Ltd.

  • ICICI Bank Ltd.

  • Larsen & Toubro Ltd.

  • State Bank of India

  • Infosys Ltd.

  • TREPS

  • Reliance Industries Ltd.

  • ITC Ltd.

  • Ambuja Cements Ltd.

  • Bharti Airtel Ltd.

  • Mahindra & Mahindra Ltd.

  • Housing Development Finance Corporation Ltd.

  • Crompton Greaves Consumer Electricals Ltd.

  • Tata Consultancy Services Ltd.

  • Vedanta Ltd.

  • Colgate Palmolive (India) Ltd.

  • GAIL (India) Ltd.

  • Cummins India Ltd.

  • Multi Commodity Exchange of India Ltd.

  • ICICI Lombard General Insurance Company Ltd.

  • JK Cement Ltd.

  • Kotak Mahindra Bank Ltd.

  • Bharat Petroleum Corporation Ltd.

  • Rallis India Ltd.

  • Torrent Power Ltd.

  • Lupin Ltd.

  • Thermax Ltd.

  • Alkem Laboratories Ltd.

  • HDFC Life Insurance Company Ltd.

  • IRB Infrastructure Developers Ltd.

  • ABB India Ltd.

  • Emami Ltd.

  • NHPC Ltd.

  • JSW Energy Ltd.

  • Bajaj Finance Ltd.

  • HCL Technologies Ltd.

  • Cipla Ltd.

  • Tech Mahindra Ltd.

  • The New India Assurance Company Ltd.

  • Zee Entertainment Enterprises Ltd.

  • Bharat Heavy Electricals Ltd.

  • Tata Motors Ltd.

  • Aster DM Healthcare Ltd.

  • CESC Ltd.

  • GE T&D India Ltd.

  • The Federal Bank Ltd.

  • ACC Ltd.

  • Marico Ltd.

  • Sanofi India Ltd.

  • Shree Cement Ltd.

  • Tata Motors DVR Ltd.

  • VA Tech Wabag Ltd.

  • Punjab National Bank

  • Strides Pharma Science Ltd.

  • Elgi Equipments Ltd.

  • Laurus Labs Ltd.

  • Dynamatic Technologies Ltd.

  • ABB Power Products & Systems India Ltd.

  • Spencer's Retail Ltd.

  • Manpasand Beverages Ltd.

  • Net Receivable / Payable

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  • IT - Software

  • Cement & Construction Materials

  • Engineering - Construction

  • Refineries

  • Pharmaceuticals & Drugs

  • Bank - Public

  • Power Generation/Distribution

  • Miscellaneous

  • Cigarettes/Tobacco

  • Household & Personal Products

  • Telecommunication - Service Provider

  • Automobiles - Passenger Cars

  • Finance - Housing

  • Consumer Durables - Domestic Appliances

  • Engineering - Industrial Equipments

  • Metal - Non Ferrous

  • Industrial Gases & Fuels

  • Diesel Engines

  • Electric Equipment

  • Finance - Stock Broking

  • Pesticides & Agrochemicals

  • Finance - NBFC

  • TV Broadcasting & Software Production

  • Automobiles-Trucks/Lcv

  • Hospital & Healthcare Services

  • Consumer Food

  • Compressors / Pumps

  • Unspecified

  • Retailing

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About SBI Magnum TaxGain Scheme 1993

Scheme Analysis

SBI Magnum TaxGain Scheme 1993 is a Equity - ELSS fund and belongs to SBI Mutual Fund. It was launched on 01-Jan-2013 and currently has an AUM of ₹7,370.28 crore. SBI Magnum TaxGain Scheme 1993 is benchmarked against S&P BSE 500 as primary index and S&P BSE 500 - TRI as primary index and S&P BSE SENSEX - TRI as secondary index.

The NAV of SBI Magnum TaxGain Scheme 1993 ended down ₹-0.91(-0.59%)yesterday to ₹154.6278.

Among its top 3 holdings the fund has exposure to HDFC Bank Ltd., and

The SBI Magnum TaxGain Scheme 1993 is managed by Dinesh Balachandran .

Fund House Contact

191, Maker Tower 'E' Cuffe Parade Mumbai - 400 005

022 - 22180221-27
022 - 22189663
www.sbimf.com

Fund Manager

  • Education:B. Tech (IIT-B) and M. S. (MIT, USA)
  • Experience:11 Years
  • Basic Details:Mr. Dinesh has over 11 years of experience in the industry primarily as Research Analyst. Prior to joining SBIFM, Dinesh was Research Analyst with Fidelity Investments, USA for ten years. Dinesh is a B. Tech (IIT-B) and M. S. (MIT, USA). He is also a charter holder of the CFA Institute, USA.
  • Funds Managed:
  • SBI Contra Fund
  • SBI Dynamic Asset Allocation Fund
  • SBI Magnum TaxGain Scheme 1993
  • Cash

  • Equity

  • Rights

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