Sbi Magnum Tax Gain Nav

Over the past year, the SBI Magnum Tax Gain NAV has increased by 57.7%. This growth rate has been consistent over the last three years, with a 26.5% increase, and over the last five years, with a 22.1% increase. Over a period of ten years, the fund has shown steady growth at a rate of 17.4%. Since its inception, it has achieved an overall growth rate of 13.3%. In just six months, there has been an impressive compounded annual growth rate (CAGR) of 29%.

Scheme Information

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.

The expense ratio of SBI Magnum Tax Gain NAV is 1.68%. It was launched on May 7, 2007, and currently has an asset under management (AUM) of INR 20,085.15 crores. The ISIN code for this fund is INF200K01495. There is a lock-in period of three years for this investment. The benchmark used for comparison is the S&P BSE 500 India TR INR index. The minimum amount required for a systematic investment plan (SIP) in this fund is INR 500, while the minimum lump sum investment amount is also INR 500.

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The Sharpe ratio provides insight into the risk-adjusted returns generated by the fund relative to its benchmark index; it stands at approximately 1.505 over three years and arounds at about -0-837 over five years.

Lastly, there seems to be no yield-to-maturity (YTM) available or provided information regarding it for this particular investment option.

New Name of SBI Tax Gain: What is it?

SBI Long Term Equity Fund, previously known as SBI Magnum Taxgain Scheme, is an investment fund offered by State Bank of India (SBI). It is designed to help individuals save taxes while also providing long-term growth opportunities.

This fund works by investing in a diversified portfolio of stocks and equity-related instruments. By investing in these assets, the fund aims to generate capital appreciation over the long term. Additionally, it offers tax benefits under Section 80C of the Income Tax Act, allowing investors to reduce their taxable income.

The name change from SBI Magnum Taxgain Scheme to SBI Long Term Equity Fund does not affect the nature or objective of the investment scheme. It simply reflects a rebranding effort by SBI. Investors can still expect the same benefits and features as before – potential for long-term growth and tax savings.

Comparison of Returns Calculator

The SBI Magnum Tax Gain NAV provides information on various assets and their returns. The SBI Long Term Equity Fund (Growth) has shown a return of 70%, resulting in a total corpus of INR 12,88,686 with gains amounting to INR 5,56,074 and a Compound Annual Growth Rate (CAGR) of 22.1%. Other assets such as EPF, property, PPF, bank FDs, gold and savings bank accounts have also generated returns ranging from 5% to 8.5%.

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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Understanding the SBI Tax Saving Scheme

The State Bank of India (SBI) provides the Tax Saving Fixed Deposit Scheme, 2006, which allows individuals to receive tax exemptions on their investments. This scheme has a duration of 5 years during which funds cannot be withdrawn.

– SBI offers the Tax Saving Fixed Deposit Scheme, 2006.

– The scheme enables investors to obtain tax exemptions.

– It has a lock-in period of 5 years.

Asset allocation and Holdings

SBI Funds Management Ltd, established on 7th February 1992, is responsible for managing a total asset value of 624,670 crores. The company currently offers a diverse range of mutual fund schemes which includes 90 equity funds, 230 debt funds and 41 hybrid funds.

Tax rate for mutual fund gains in SBI

Tax Treatment:

The current tax rate for long-term capital gains in India is 10% if the total gain exceeds 1 lakh in a financial year. This tax rate does not include any cess or surcharge that may be applicable. However, investors can avail of a deduction on their taxable income under section 80C for investments made in SBI Magnum Tax Gain NAV.

Under section 80C, individuals can claim deductions up to a maximum of 1.5 lakh per year on their taxable income by investing in specified instruments such as this fund. This means that the amount invested in SBI Magnum Tax Gain NAV can be deducted from the total taxable income, thereby reducing the overall tax liability.