SBI Magnum TaxGain Scheme 1993 - Growth - Regular Plan

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Fund Overview Growth | Regular Plan

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  • 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 - REGULAR PLAN- GROWTH 8.07 7.65 7.24 6.46 6.29 15.32
S&P BSE 500 5.89 7.37 8.50 10.95 7.54 14.05
S&P BSE 500 - TRI 5.97 7.62 9.79 12.30 8.89 9.38
S&P BSE SENSEX - TRI 5.94 7.56 16.07 15.98 9.07 13.23

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 7.24 6.46 6.29 1.83 7,358
Axis Long Term Equity Fund - Growth Dec 29, 2009 19.32 14.32 12.24 1.75 21,492.33
Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option Sep 21, 2005 Unrated 1.53 2.58 4.00 1.73 10,673.58
Aditya Birla Sun Life Tax Relief '96 - Growth Option Mar 10, 2008 7.15 9.94 11.19 2.06 9,814.16
HDFC TaxSaver-Growth Plan Mar 31, 1996 Unrated 3.87 6.89 5.37 1.98 7,414.24
DSP Tax Saver Fund - Regular Plan - Growth Jan 18, 2007 18.16 10.14 11.17 1.84 6,102.99

Fund Holdings as on 31-October-2019

  • HDFC Bank Ltd.

  • ICICI Bank Ltd.

  • ICICI Prudential Life Insurance Company Ltd.

  • Reliance Industries Ltd.

  • Housing Development Finance Corporation Ltd.

  • Larsen & Toubro Ltd.

  • State Bank of India

  • Axis Bank Ltd.

  • TREPS

  • ITC Ltd.

  • Ambuja Cements Ltd.

  • Mahindra & Mahindra Ltd.

  • Infosys Ltd.

  • ICICI Lombard General Insurance Company Ltd.

  • Colgate Palmolive (India) Ltd.

  • Tata Consultancy Services Ltd.

  • Cummins India Ltd.

  • Multi Commodity Exchange of India Ltd.

  • Bharat Petroleum Corporation Ltd.

  • JK Cement Ltd.

  • Rallis India Ltd.

  • GAIL (India) Ltd.

  • Thermax Ltd.

  • Torrent Power Ltd.

  • Lupin Ltd.

  • ABB India Ltd.

  • Alkem Laboratories Ltd.

  • IRB Infrastructure Developers Ltd.

  • The New India Assurance Company Ltd.

  • Bharat Heavy Electricals Ltd.

  • HDFC Life Insurance Company Ltd.

  • GE T&D India Ltd.

  • Emami Ltd.

  • JSW Energy Ltd.

  • Tech Mahindra Ltd.

  • CESC Ltd.

  • Cipla Ltd.

  • ACC Ltd.

  • Tata Motors Ltd.

  • Marico Ltd.

  • NHPC Ltd.

  • The Federal Bank Ltd.

  • Kotak Mahindra Bank Ltd.

  • Aster DM Healthcare Ltd.

  • Vedanta Ltd.

  • VA Tech Wabag Ltd.

  • Tata Motors DVR Ltd.

  • Equitas Holdings Ltd.

  • Sanofi India Ltd.

  • HCL Technologies Ltd.

  • Punjab National Bank

  • Laurus Labs Ltd.

  • Strides Pharma Science Ltd.

  • Motherson Sumi Systems Ltd.

  • Elgi Equipments Ltd.

  • Tata Steel Ltd.

  • Mahindra & Mahindra Financial Services Ltd.

  • Bharti Airtel Ltd.

  • Vodafone Idea Ltd.

  • Dynamatic Technologies Ltd.

  • NMDC Ltd.

  • Spencer's Retail Ltd.

  • Summit Securities Ltd.

  • Manpasand Beverages Ltd.

  • Net Receivable / Payable

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  • Power Generation/Distribution

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  • Cigarettes/Tobacco

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  • Automobiles - Passenger Cars

  • Engineering - Industrial Equipments

  • Electric Equipment

  • Diesel Engines

  • Finance - Stock Broking

  • Pesticides & Agrochemicals

  • Industrial Gases & Fuels

  • Finance - NBFC

  • Automobiles-Trucks/Lcv

  • Consumer Food

  • Hospital & Healthcare Services

  • Metal - Non Ferrous

  • Compressors / Pumps

  • Telecommunication - Service Provider

  • Auto Ancillary

  • Steel & Iron Products

  • Mining & Minerals

  • 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 ₹7,358 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 ₹0.55(0.38%)yesterday to ₹143.72.

Among its top 3 holdings the fund has exposure to HDFC Bank Ltd., ICICI Bank Ltd. and ICICI Prudential Life Insurance Company 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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