SBI Magnum TaxGain Scheme 1993 - Growth - Regular Plan

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  • 0.2 %Nav, as on 18-09-2019

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Fund Overview Growth | Regular Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

  • 52 Week High Nav (₹)

  • 52 Week High Nav Date

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 - REGULAR PLAN- GROWTH -1.46 -7.00 -7.57 2.39 4.90 15.02
S&P BSE 500 -1.10 -6.94 -7.49 5.93 6.22 13.67
S&P BSE 500 - TRI -1.02 -6.42 -6.32 7.23 7.56 8.65
S&P BSE SENSEX - TRI -2.08 -5.87 -0.71 9.86 7.56 12.83

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 - REGULAR PLAN- GROWTH Mar 31, 1993 Unrated -7.57 2.39 4.90 1.98 6,682.73
Axis Long Term Equity Fund - Growth Dec 29, 2009 -1.41 9.41 10.76 1.76 19,236.11
Reliance Tax Saver (ELSS) Fund-Growth Plan-Growth Option Sep 21, 2005 Unrated -16.31 -1.74 2.15 1.95 9,186.62
Aditya Birla Sun Life Tax Relief '96 - Growth Option Mar 10, 2008 -10.41 6.76 10.05 2.07 8,561.62
HDFC TaxSaver-Growth Plan Mar 31, 1996 -8.16 4.41 4.40 1.98 6,782.96
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth Aug 19, 1999 -6.25 5.05 6.71 2.15 5,965.41

Fund Holdings as on 31-August-2019

  • TREPS

  • HDFC Bank Ltd.

  • ICICI Bank Ltd.

  • ICICI Prudential Life Insurance Company Ltd.

  • Reliance Industries Ltd.

  • Larsen & Toubro Ltd.

  • Axis Bank Ltd.

  • Infosys Ltd.

  • ITC Ltd.

  • State Bank of India

  • Housing Development Finance Corporation Ltd.

  • Ambuja Cements Ltd.

  • Mahindra & Mahindra Ltd.

  • Tata Consultancy Services Ltd.

  • Emami Ltd.

  • Colgate Palmolive (India) Ltd.

  • Bharti Airtel Ltd.

  • Cummins India Ltd.

  • Multi Commodity Exchange of India Ltd.

  • JK Cement Ltd.

  • Rallis India Ltd.

  • Lupin Ltd.

  • Thermax Ltd.

  • IRB Infrastructure Developers Ltd.

  • ABB India Ltd.

  • Alkem Laboratories Ltd.

  • Bharat Heavy Electricals Ltd.

  • VA Tech Wabag Ltd.

  • Torrent Power Ltd.

  • Tech Mahindra Ltd.

  • Vodafone Idea Ltd.

  • CESC Ltd.

  • Marico Ltd.

  • GE T&D India Ltd.

  • Cipla Ltd.

  • Tata Power Company Ltd.

  • Equitas Holdings Ltd.

  • The New India Assurance Company Ltd.

  • ACC Ltd.

  • The Federal Bank Ltd.

  • HCL Technologies Ltd.

  • JSW Energy Ltd.

  • NHPC Ltd.

  • Kotak Mahindra Bank Ltd.

  • Vedanta Ltd.

  • Aster DM Healthcare Ltd.

  • Coal India Ltd.

  • Punjab National Bank

  • Bharat Petroleum Corporation Ltd.

  • Tata Motors Ltd.

  • Strides Pharma Science Ltd.

  • Sanofi India Ltd.

  • Laurus Labs Ltd.

  • Tata Motors DVR Ltd.

  • Elgi Equipments Ltd.

  • Mahindra & Mahindra Financial Services Ltd.

  • Hindustan Petroleum Corporation Ltd.

  • Dynamatic Technologies Ltd.

  • SREI Infrastructure Finance Ltd.

  • Ultratech Cement Ltd.

  • Bajaj Finserv Ltd.

  • Aurobindo Pharma Ltd.

  • NMDC Ltd.

  • Spencer's Retail Ltd.

  • Manpasand Beverages Ltd.

  • Summit Securities Ltd.

  • Net Receivable / Payable

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  • Bank - Private

  • IT - Software

  • Miscellaneous

  • Insurance

  • Cement & Construction Materials

  • Refineries

  • Engineering - Construction

  • Pharmaceuticals & Drugs

  • Household & Personal Products

  • Power Generation/Distribution

  • Bank - Public

  • Cigarettes/Tobacco

  • Finance - Housing

  • Telecommunication - Service Provider

  • Engineering - Industrial Equipments

  • Automobiles - Passenger Cars

  • Electric Equipment

  • Diesel Engines

  • Finance - Stock Broking

  • Pesticides & Agrochemicals

  • Finance - NBFC

  • Consumer Food

  • Metal - Non Ferrous

  • Mining & Minerals

  • Hospital & Healthcare Services

  • Compressors / Pumps

  • Automobiles-Trucks/Lcv

  • Finance - Investment

  • 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 31-Mar-1993 and currently has an AUM of ₹6,682.73 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 up ₹0.26(0.2%)yesterday to ₹131.00.

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

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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