Sbi Magnum Tax Gain Regular Growth Nav

Invest in SBI Magnum Tax Gain Regular Growth NAV effortlessly with a straightforward three-step investment process, allowing you to easily navigate and benefit from your investments.

SBI Tax Saver Direct Growth: What is the NAV?

The total value of assets under management (AUM) for this scheme is ₹20,085.15 Crores. AUM refers to the total market value of all the investments held by the mutual fund at a given point in time. It gives an idea of how much money has been invested in this particular scheme.

The latest Net Asset Value (NAV) declared for this scheme is ₹395.365 as on [date]. NAV represents the per-unit price or value of each share in the mutual fund at a specific date or time. It helps investors understand how their investment has performed over time and allows them to track changes in its value.

Frequently Asked Questions

Equity funds are investment schemes that primarily focus on investing in shares of companies with varying market capitalization.

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

SEBI categorizes listed companies according to their market capitalization. Large-cap funds invest in the top 100 companies, mid-cap funds focus on those ranked from 101 to 250, while small-cap funds target companies ranked from 251st onwards. Multi-cap funds have a more diversified approach and invest in companies of all sizes – small cap, mid cap, and large cap.

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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 in India

Bluechip funds are investment funds that focus on purchasing stocks of established companies with a proven track record of strong financial performance over an extended period.

Understanding the concept of lock-in period

The lock-in period refers to the duration during which your investment in a mutual fund is held without being able to withdraw it. While most mutual funds do not have any lock-in period, tax-saving schemes like ELSS have a minimum lock-in period of 3 years, which is the shortest compared to other options eligible for tax deduction under section 80C. The lock-in period starts from the date of investment and may vary for investments made through systematic investment plans (SIPs).

Is KYC mandatory for BLACK in India?

All fund houses require KYC documentation. If you choose to invest through BLACK, you only need to complete the KYC process once, and it will be applicable for all future investments as well.

Understanding the Concept of Auto-SIP Mandate

A Mandate is a single registration that allows your bank account to automatically deduct a set amount of money each day for investing in an SIP portfolio. Once you have registered for the Mandate, you no longer need to go through the payment process every time you want to invest in the SIP.

The NAV of SBI balanced growth fund: What is it?

The SBI Magnum Tax Gain Regular Growth Fund is jointly managed by a team consisting of Dinesh Balachandran, Mohit Jain, Dinesh Ahuja, Rajeev Radhakrishnan, Mansi Sajeja and Pradeep Kesavan. These experienced professionals work together to make investment decisions and manage the portfolio in order to achieve growth for investors.

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In simple terms, SBI Magnum Tax Gain Regular Growth NAV represents the current value per unit of this mutual fund scheme as on Feb 26th, 2024. The lower expense ratio indicates that a smaller portion of your investment will be used for administrative costs and more will go towards generating returns. With a significant AUM size and a team of skilled managers overseeing its operations, this fund aims to provide tax benefits while also growing your investment over time.

Key Information:

– NAV: ₹13.54 (as on Feb 26th ,2024)

– Expense Ratio: 1.65%

– AUM: ₹27,487.94 Cr

– Fund Managers: Dinesh Balachandran,Mohit Jain,Dinesh Ahuja,Rajeev Radhakrishnan,Mansi Sajeja,and Pradeep Kesavan

What is the NAV of SBI Long Term Advantage fund regular growth?

2. Returns: The fund has delivered impressive trailing returns over various time periods:

– 1-year return: 39.18%

– 3-year return: 25.12%

– 5-year return: 24.37%

– Since launch return: 15.34%

SBI ELSS fund: What is its name?

The primary objective of SBI Magnum Tax Gain Regular Growth NAV is to generate long-term capital appreciation for its investors by investing predominantly in equity and equity-related instruments. The fund aims to achieve this objective by carefully selecting stocks that have the potential for high growth and profitability over time.

Furthermore, SBI Magnum Tax Gain Regular Growth NAV allows investors to benefit from professional management expertise provided by experienced fund managers at SBI Mutual Fund. These experts conduct thorough research and analysis before making investment decisions on behalf of the investors, ensuring that their money is invested wisely.