Item: SBI Magnum Long Term Equity Scheme Direct Growth
Rating: 4
Author: Morningstar

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

261.062 (0.000%)

NAV on December 02, 2022

Category Equity:
ELSS (Tax Savings)

Investment StyleBox

Large Blend

Total Assets 11,600 cr

Turnover Ratio 28.17%

Expense Ratio 1.16%

Exit Load -

Returns

1M: 3.67%
1Y: 11.10%
3M: 7.40%
3Y: 20.41%
6M: 16.25%
5Y: 12.19%

Min Investment 500

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SECTOR WEIGHTINGS (%)

Financial 30.53%

Industrial 16.45%

Technology 9.37%

Basic Materials 6.38%

Consumer Cyclical 9.06%

Utilities Services 5.29%

Healthcare Services 7.44%

Energy Services 6.48%

Communication Services 3.41%

Consumer Defensive 2.85%

Real Estate 2.76%

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
Parag Parikh Tax Saver Fund Direct Growth	21.368	11.72%	848 cr	0.83%	Below Average
PGIM India ELSS Tax Saver Fund Dir Gr	28.010	10.89%	437 cr	1.03%	Average
Kotak Tax Saver-Scheme-Growth - Direct	88.626	10.66%	3,063 cr	0.68%	Average
Union Long Term Equity Fund Direct Plan Growth Option	47.280	6.99%	576 cr	1.61%	Below Average
Canara Robeco Equity Taxsaver Direct Plan Growth Option	131.610	6.02%	4,407 cr	0.59%	Below Average
Mirae Asset Tax Saver Fund -Direct Plan-Growth	35.854	5.74%	13,546 cr	0.53%	Average
Bank of India Tax Advantage Fund Direct Plan Growth	118.000	4.53%	676 cr	1.29%	Below Average

Best Elss (Tax Savings) Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
HDFC TaxSaver -Direct Plan - Growth Option	898.862	15.10%	10,066 cr	1.24%	Average
Tata India Tax Savings Fund Growth Direct Plan	34.199	12.36%	3,191 cr	0.75%	Average
Parag Parikh Tax Saver Fund Direct Growth	21.368	11.72%	848 cr	0.83%	Below Average
SBI Magnum Long Term Equity Scheme Direct Growth	261.062	11.10%	11,600 cr	1.16%	Average
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth	116.343	11.02%	3,986 cr	0.74%	High
PGIM India ELSS Tax Saver Fund Dir Gr	28.010	10.89%	437 cr	1.03%	Average
Motilal Oswal Long Term Equity Fund Direct Plan Growth	31.146	6.05%	2,274 cr	0.76%	Above Average