Sbi Magnum Tax Gain Growth Nav

Invest in SBI Magnum Tax Gain Growth Nav effortlessly with a quick and straightforward three-step investment process. Experience the benefits of your investments without any hassle or complications.

How well does the SBI Magnum Tax Gain Scheme perform?

SBI Magnum Tax Gain Fund is an Equity – ELSS fund that was introduced on 7 May 07. This fund falls under the category of moderately high risk, and it has achieved a compound annual growth rate (CAGR) return of 13.2% since its inception. It currently holds the rank of 31 in the ELSS category.

Investing in this fund can be beneficial for individuals who are willing to take on a moderate level of risk in order to potentially earn higher returns. However, it is important to carefully assess your own risk tolerance and investment goals before making any decisions.

In terms of performance, SBI Magnum Tax Gain Fund has shown impressive returns over the years. In 2023, it delivered a return of 40%, while in 2022, the return was recorded at 6.9%. The year prior, in 2021, investors saw a substantial return of 31%. These figures indicate that this fund has consistently performed well and may be worth considering as part of your investment portfolio.

Remember that past performance does not guarantee future results; therefore, diversification across different asset classes is essential for managing risk effectively. Additionally, regularly reviewing your investments and staying updated with market trends can help you make informed decisions about when to buy or sell units within this fund or other similar funds.

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Frequently Asked Questions

Equity funds are investment schemes that primarily focus on investing in shares of companies across various market capitalizations.

Understanding Large Cap, Mid Cap, Small Cap, and Multi Cap Equity Funds

SEBI categorizes listed companies according to their market capitalization, with large-cap funds investing in the top 100 companies. Mid-cap funds focus on companies ranked between 101 and 250, while small-cap funds target those ranked from 251st onwards. Multi-cap funds have the flexibility to invest across all three categories – small cap, mid cap, and large cap companies.

What are ELSS funds?

ELSS funds are mutual funds that offer tax benefits and primarily invest in equity schemes. These funds have a mandatory lock-in period of 3 years.

Understanding Bluechip Funds

Bluechip funds are investment funds that focus on purchasing stocks from reputable and financially successful companies that have demonstrated consistent performance over an extended period.

What is a lock-in period?

The lock-in period refers to the duration during which your funds will be held in the mutual fund. While many mutual funds do not have a lock-in period, tax-saving schemes like ELSS have a minimum lock-in period of 3 years, which is shorter than other investment options eligible for tax benefits under section 80C. The lock-in period starts from the date of investment and may vary for systematic investment plans (SIPs).

Is KYC mandatory for BLACK in India?

KYC is a mandatory requirement for all mutual fund companies. If you choose to invest through BLACK, you only need to complete your KYC process once. This single KYC will be applicable for any future investments as well.

Understanding Auto-SIP Mandate: An Overview

A Mandate is a single registration that allows you to authorize your bank account to deduct a specific amount of money from your account on a daily basis for investing in an SIP portfolio. Once you have registered for the Mandate, you are not required to go through the payment process each time you make an investment in the SIP.

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What is the process for redeeming my SBI Magnum tax gain?

Next, choose either the number of units you want to redeem or specify the desired withdrawal amount. Make sure to double-check all the details before proceeding further. Once you have confirmed your request for redemption, it will be processed by SBI Mutual Fund accordingly.

What is the net asset value of SBI Magnum regular growth?

When considering the performance of this fund, it is important to look at its trailing returns over various time periods. Over a one-year period, the fund has generated a return of 22.62%. This means that if an investor had invested in this fund one year ago, their investment would have grown by approximately 22.62%.

Over a three-year period, the SBI Magnum Global Fund has delivered a return of 15.83%. This suggests that investors who held their investments for three years would have seen their capital grow by around 15.83% during this time frame.

For those with a longer-term investment horizon, such as five years since launch, the fund has provided an annualized return of approximately 16.73%. This implies that investors who remained invested in this scheme since its inception would have experienced an average yearly growth rate close to 16.73%.

It is worth noting that past performance does not guarantee future results and these figures should be considered alongside other factors when making investment decisions.

Redeeming SBI Magnum Tax Gain Mutual Fund Online: A Guide

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The fate of ELSS after 3 years

When the lock-in period is over, you have the freedom to redeem or sell your ELSS units whenever you want. Unlike other tax-saving investments like Fixed Deposits or National Savings Certificates (NSC), which have fixed maturity periods, ELSS offers flexibility and liquidity.

1. ELSS funds come with a mandatory lock-in period of three years.

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2. After completing this lock-in period, ELSS becomes fully liquid and open-ended.

3. You can redeem or sell your units at any time without any penalty.

4. It is recommended to stay invested for longer durations in order to maximize potential returns from equity investments.

SBI Magnum Global Fund: An Overview

Sectoral/Thematic: The SBI Magnum Tax Gain Growth NAV is a fund that primarily focuses on investing in domestic equities. Currently, the fund has allocated 75.07% of its investments towards domestic equities. Within this allocation, 29.16% is invested in Large Cap stocks, 15.43% in Mid Cap stocks, and 17.21% in Small Cap stocks.

Large Cap stocks are those belonging to well-established companies with a large market capitalization. These companies are typically leaders within their respective industries and have a proven track record of stability and growth.

Mid Cap stocks represent companies with medium-sized market capitalization that have the potential for significant growth but may also carry higher risks compared to Large Caps.

Small Cap stocks belong to relatively smaller companies with lower market capitalization but offer greater growth opportunities due to their ability to adapt quickly and potentially disrupt established markets.

By diversifying its portfolio across different segments of the equity market, the SBI Magnum Tax Gain Growth NAV aims to capture opportunities for long-term wealth creation while managing risk effectively.

P.S.: Investing in sectoral/thematic funds carries specific risks associated with concentrated exposure towards particular sectors or themes. It is important for investors to carefully assess their risk appetite before considering such investment options.

What is the updated for master gain share?

All the unit holders of UTI Mastergain scheme now hold units of UTI Equity Fund, a diversified equity fund.

List:

– The unit holders of UTI Mastergain scheme have transitioned to holding units of UTI Equity Fund.

– The new investment is in UTI Equity Fund, which is a diversified equity fund.

– All the existing investors in the UTI Mastergain scheme are now invested in the UTI Equity Fund.