Item: SBI Magnum Long Term Equity Scheme Direct Growth
Rating: 3
Author: Morningstar

Home › Mutual Funds › SBI Mutual Fund › SBI Magnum Long Term Equity Scheme Direct Growth

234.041 (1.304%)

NAV on September 23, 2021

Category Equity:
ELSS (Tax Savings)

Investment StyleBox

Large Blend

Total Assets 10,687 cr

Turnover Ratio 57.60%

Expense Ratio 1.23%

Exit Load -

Returns

1M: 7.98%
1Y: 60.38%
3M: 11.01%
3Y: 17.51%
6M: 21.98%
5Y: 13.32%

Min Investment 500

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SECTOR WEIGHTINGS (%)

Financial 27.07%

Industrial 15.27%

Technology 11.61%

Basic Materials 7.99%

Consumer Cyclical 10.87%

Utilities Services 3.07%

Healthcare Services 10.11%

Energy Services 5.83%

Communication Services 3.51%

Consumer Defensive 2.69%

Real Estate 1.98%

INVESTMENT OBJECTIVE

To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.

You will not receive any dividends. Your investments will get the largest benefit of compounding.

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Top Rated
Top Performing

Top Elss (Tax Savings) Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
BOI AXA Tax Advantage Fund Direct Plan Growth	115.030	75.40%	512 cr	1.66%	Average
Axis Long Term Equity Fund Direct Plan Growth Option	85.185	72.67%	33,871 cr	0.77%	Below Average
Mirae Asset Tax Saver Fund -Direct Plan-Growth	34.154	71.31%	9,401 cr	0.45%	Above Average
Canara Robeco Equity Taxsaver Direct Plan Growth Option	125.020	66.76%	2,680 cr	0.81%	Below Average
HDFC Long Term Advantage Fund -Direct Plan - Growth Option	589.469	68.56%	1,363 cr	—	Above Average
L&T Tax Advantage Fund Direct Plan Growth Option	85.615	57.18%	3,652 cr	1.21%	Average

Best Elss (Tax Savings) Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth	104.330	81.57%	3,339 cr	0.85%	High
Nippon India Tax Saver (ELSS) Fund - Direct Plan - Growth Option	82.996	77.62%	12,385 cr	1.18%	High
DSP Tax Saver Fund Direct Plan Growth	88.140	75.96%	9,675 cr	0.87%	Above Average
Franklin India Taxshield Direct Growth	926.618	75.60%	4,877 cr	1.04%	Above Average
Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth	20.835	75.57%	409 cr	0.73%	Below Average
BOI AXA Tax Advantage Fund Direct Plan Growth	115.030	75.40%	512 cr	1.66%	Average
Motilal Oswal Long Term Equity Fund Direct Plan Growth	30.049	75.39%	2,400 cr	0.75%	Above Average