SBI Magnum Long Term Equity Scheme Regular Growth - Latest NAV ₹157.3422, Returns, Performance & Portfolio

SBI Magnum Long Term Equity Scheme Regular Growth

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Start your investment

Min amount: ₹500

Calculate Returns

Rs. 10,000 invested one time becomes Rs. 40,849 in a period of 20 years
  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Average Annualised Returns i
Tax rates i
30%Not taxable10%*
Returns after tax i
Current rate of Inflation i
Real Rate of Return i
Lock-in Period i
5 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years9.59%
5 Years7.29%
3 Years2.38%
1 Year9.02%
6 Months37.85%
Fund Details
RiskModerately High risk
Fund TypeELSS (Tax Savings)
Exit Load--

More about this fundstar

Top HoldingsWeightage
Reliance Industries Ltd5.52%
Cipla Ltd4.85%
Kotak Mahindra Bank Ltd4.25%
Ambuja Cements Ltd3.85%
ICICI Prudential Life Insurance Co Ltd3.73%
Tech Mahindra Ltd3.65%
ICICI Bank Ltd3.27%
Bharti Airtel Ltd3.21%
Larsen & Toubro Ltd3.17%
Mahindra & Mahindra Ltd3.16%

About SBI Magnum Taxgain Fund

SBI Magnum TaxGain is an equity-linked saving scheme (ELSS) that constitutes equity funds in its portfolio. The aim of this fund is to enable investors to avail deduction under Section 80C and also distribute surplus income periodically.

Pros & Cons of SBI Magnum TaxGain

The fund was seen underperformed during market downturns recently. This might have been caused by changing the fund investment strategy. With the change in fund manager in 2016, came a change in strategy, performance, risk and reward. Regardless, the fund has been performing neutral over a long period of time.

Fund Information and Statistics of SBI Magnum TaxGain

i) Inception / Launch date

This fund was launched on 31 March 1993 by SBI Funds Management Pvt Ltd

ii) Risk level

Risk is below average as fund’s performance is driven by the market’s wide fluctuations

iii) Redemption

Being an ELSS tax saver fund, it can be redeemed after a minimum lock-in period of 3 years, under normal circumstances, the fund house will dispatch the redemption proceeds to the respective bank account within 10 business days from date of receipt of the request.

iv) Fund Manager

Dinesh Balachandran is an experienced fund manager who has been managing this fund since September 2016

v) Entry / Exit load

Exit load for this fund is 0%. However, an expense ratio of 2.11% will be applied every year.

Tax benefits of investing in SBI Magnum TaxGain

One can get tax benefit up to Rs 1.5 lakh investment under Section 80C by investing in SBI Magnum TaxGain. If the return is above Rs 1 lakh at the time of sale, from the date of allotment a rate of 10% (without indexation) will be taxable.

About SBI Mutual Fund

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi, a European asset management company which is a subsidiary jointly created by Crédit Agricole and Société Générale. The corporate headquarter of the SBI Mutual Fund, which is India’s largest bank sponsored mutual fund, is based out of Mumbai. It is also the first bank-sponsored fund that launched an offshore fund, Resurgent India Opportunity Fund.

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Frequently Asked Questions

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Start your investment

Min amount: ₹500

Calculate Returns

Rs. 10,000 invested one time becomes Rs. 40,849 in a period of 20 years
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns