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

217.039 (2.061%)

NAV on May 20, 2022

Category Equity:
ELSS (Tax Savings)

Investment StyleBox

Large Blend

Total Assets 10,575 cr

Turnover Ratio 57.60%

Expense Ratio 1.20%

Exit Load -

Returns

1M: -6.89%
1Y: 8.86%
3M: -5.33%
3Y: 13.42%
6M: -10.49%
5Y: 10.23%

Min Investment 500

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SECTOR WEIGHTINGS (%)

Financial 27.65%

Industrial 15.02%

Technology 10.26%

Basic Materials 8.51%

Consumer Cyclical 10.73%

Utilities Services 3.9%

Healthcare Services 7.28%

Energy Services 7.97%

Communication Services 3.87%

Consumer Defensive 2.30%

Real Estate 2.51%

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
Mirae Asset Tax Saver Fund -Direct Plan-Growth	31.341	9.87%	11,963 cr	0.52%	Average
Canara Robeco Equity Taxsaver Direct Plan Growth Option	112.430	8.67%	3,628 cr	0.62%	Below Average
BOI AXA Tax Advantage Fund Direct Plan Growth	99.380	8.02%	596 cr	1.34%	Below Average
L&T Tax Advantage Fund Direct Plan Growth Option	75.800	3.80%	3,239 cr	1.20%	Average

Best Elss (Tax Savings) Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
HDFC TaxSaver -Direct Plan - Growth Option	746.800	18.48%	9,185 cr	1.18%	Average
Parag Parikh Tax Saver Fund Direct Growth	18.574	17.75%	585 cr	0.84%	-
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth	100.780	14.15%	3,742 cr	0.77%	High
Union Long Term Equity Fund Direct Plan Growth Option	40.450	14.10%	497 cr	1.63%	Below Average
PGIM India ELSS Tax Saver Fund Dir Gr	24.230	13.49%	388 cr	1.03%	Average
Mirae Asset Tax Saver Fund -Direct Plan-Growth	31.341	9.87%	11,963 cr	0.52%	Average
Canara Robeco Equity Taxsaver Direct Plan Growth Option	112.430	8.67%	3,628 cr	0.62%	Below Average