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SBI Magnum Long Term Equity Scheme Direct Growth

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previously known as SBI Magnum Tax Gain Dir Gr until

145.063 (2.297%)
NAV on September 25, 2020
Category Equity:
ELSS (Tax Savings)
Investment StyleBox
Large Blend
Total Assets 7,435 cr
Turnover Ratio 57.60%
Expense Ratio 1.30%
Exit Load -
Returns
  • 1M: -4.27%
  • 1Y: 1.92%
  • 3M: 8.63%
  • 3Y: 1.60%
  • 6M: 39.12%
  • 5Y: 5.34%
Min Investment 500
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ADDITIONAL INFO
Fund Manager Dinesh Balachandran (Since about 4 years)
ISIN INF200K01UM9
Fund Family SBI
P/E Ratio 21.12
P/B Ratio 2.22
Launch Date January 01, 2013
Benchmark S&P BSE 500 India TR INR
ASSET ALLOCATION
EQUITY DISTRIBUTION
RISK MEASURES (3 yrs)
vs S&P BSE 500 India TR INR

Alpha -2.23
Beta 0.98
R-Squared 97.49
Info Ratio -0.65
Tracking Err 3.47
Sortino -0.101
Sharpe -0.078
Std Dev 21.766
Risk Average
SECTOR WEIGHTINGS (%)
Financial 25.12%
Industrial 9.48%
Technology 10.57%
Basic Materials 8.96%
Consumer Cyclical 9.12%
Utilities Services 2.9%
Healthcare Services 14.02%
Energy Services 8.07%
Communication Services 5.08%
Consumer Defensive 5.71%
Real Estate 0.98%
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.

View Factsheet
Top Elss (Tax Savings) Funds
NAME LATEST
NAV		 RETURNS
1y       		FUND
ASSETS 		EXPENSE
RATIO		 RISK
Boi axa
BOI AXA Tax Advantage Fund-Direct Plan- Growth
65.520 15.54% 299 cr 1.51% Above Average
Canara robeco mutual fund
Canara Robeco Equity Taxsaver - Direct Plan - Growth Option
74.630 10.22% 1,122 cr 1.22% Below Average
Mirae
Mirae Asset Tax Saver Fund -Direct Plan-Growth
19.896 6.33% 4,181 cr 0.41% Above Average
Religare invesco mutual fund
Invesco India Tax Plan - Direct Plan - Growth
58.250 4.24% 1,113 cr 1.15% Average
Birla new
Aditya Birla Sun Life Tax Relief 96 Direct Plan Growth
33.510 3.59% 11,001 cr 0.91% Below Average
Axis
Axis Long Term Equity Fund Direct Plan Growth Option
49.174 -2.63% 21,905 cr 0.89% Below Average
Hdfc
HDFC Long Term Advantage Fund -Direct Plan - Growth Option
346.871 -6.12% 1,159 cr — Above Average
Best Elss (Tax Savings) Funds
NAME LATEST
NAV		 RETURNS
1y     		FUND
ASSETS		 Expense
RATIO		 RISK
Ppfas
Parag Parikh Tax Saver Fund Direct Growth
12.231 16.68% 61 cr 1.13% -
Boi axa
BOI AXA Tax Advantage Fund-Direct Plan- Growth
65.520 15.54% 299 cr 1.51% Above Average
Canara robeco mutual fund
Canara Robeco Equity Taxsaver - Direct Plan - Growth Option
74.630 10.22% 1,122 cr 1.22% Below Average
Mirae
Mirae Asset Tax Saver Fund -Direct Plan-Growth
19.896 6.33% 4,181 cr 0.41% Above Average
Religare invesco mutual fund
Invesco India Tax Plan - Direct Plan - Growth
58.250 4.24% 1,113 cr 1.15% Average
Idfc
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth
57.110 -1.14% 2,211 cr 1.01% High
Axis
Axis Long Term Equity Fund Direct Plan Growth Option
49.174 -2.63% 21,905 cr 0.89% Below Average


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