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  • SBI Magnum Long Term Equity Scheme (Dividend Reinvestment - Annually)

Formerly SBI Magnum Tax Gain Reg DR

SBI Magnum Long Term Equity Scheme (Dividend Reinvestment - Annually)

SBI Magnum Long Term Equity Scheme (Dividend Reinvestment - Annually)

EquityTax Saving

Top Ranked

46.1014

NAV (Mar 05)

Scripbox Opinion

Top Ranked

This fund is a good choice within tax saving mutual funds.

Scripbox recommends other funds for investment in tax saving.

Click here to see our recommendations.

Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

28 Years. The fund has an Extended history for analysis and the track record is excellent.

Relative Size

8,729 Cr. Category leader in size

Category View

Positive. The category has a positive investment outlook

Consistency Of Performance

Relatively moderate. The historical performance of the fund has been OK

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Tax Saver Plan

Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

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    Historical growth rate of 12% per annum
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    Recommended Duration > 5 years
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    3 Years
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    Save Tax

No single fund can achieve what a plan can. Learn why

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Scheme Information

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.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

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Very High Risk

2 %

Expense Ratio

Mar 31, 1993

Launched (28y ago)

₹ 8,729

AUM in Crores

INF200K01487

ISIN

3

Lock-in

S&P BSE 500 India TR INR

Benchmark

₹ 500

SIP Minimum

₹ 500

Lumpsum Min.

Fund Managers
user-avatar

Dinesh Balachandran

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
EPF70% ₹ 900,761 ₹ 168,1498.50%
Property70% ₹ 867,662 ₹ 135,0507.00%
PPF70% ₹ 869,819 ₹ 137,2077.10%
Bank FD70% ₹ 846,471 ₹ 113,8596.00%
Gold70% ₹ 846,471 ₹ 113,8596.00%
Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

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.

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Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

  • Inflation beating returns
    Inflation beating returns
  • Save Tax
    Save Tax
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Equity Funds

L&T Midcap Fund (G)

L&T Midcap Fund (G)

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Top Ranked

17 Years

Age

5

Track Record

UTI Nifty Index Fund (G)

UTI Nifty Index Fund (G)

Index Funds

Recommended

Top Ranked

21 Years

Age

5

Track Record

HDFC Index Nifty 50 fund (G)

HDFC Index Nifty 50 fund (G)

Index Funds

Recommended

Top Ranked

19 Years

Age

5

Track Record

HDFC Top 100 Fund (G)

HDFC Top 100 Fund (G)

Large Cap

Recommended

Top Ranked

25 Years

Age

5

Track Record

Nippon India Growth Fund (G)

Nippon India Growth Fund (G)

Mid Cap

Recommended

Top Ranked

26 Years

Age

5

Track Record

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About the AMC

SBI Funds Management Private Limited

SBI Funds Management Private Limited manages assets worth 363,720 crores and was set up on 7 February 1992. It's current offering of mutual fund schemes includes 75 equity,227 debt and 54 hybrid funds.

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SBI Magnum Ultra Short Duration Fund (G)

SBI Magnum Ultra Short Duration Fund (G)

Ultra Short

Recommended

Top Ranked

₹ 11,019 Cr

Fund Size

7%

3Y returns

SBI Magnum Ultra Short Duration Fund (DR-W)

SBI Magnum Ultra Short Duration Fund (DR-W)

Ultra Short

Top Ranked

₹ 11,019 Cr

Fund Size

5.5%

3Y returns

SBI Magnum Ultra Short Duration Fund (DP-W)

SBI Magnum Ultra Short Duration Fund (DP-W)

Ultra Short

Top Ranked

₹ 11,019 Cr

Fund Size

5.5%

3Y returns

SBI Magnum Ultra Short Duration Fund (DR-D)

SBI Magnum Ultra Short Duration Fund (DR-D)

Ultra Short

Top Ranked

₹ 11,019 Cr

Fund Size

5.3%

3Y returns

SBI Focused Equity Fund (G)

SBI Focused Equity Fund (G)

Diversified

Top Ranked

₹ 12,519 Cr

Fund Size

13.1%

3Y returns

growth

Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

  • graph-icon-gray
    Historical growth rate of 12% per annum
  • graph-icon-gray
    Recommended Duration > 5 years
  • graph-icon-gray
    3 Years
  • graph-icon-gray
    Save Tax
  • graph-icon-gray
    One-click investing and tracking
  • graph-icon-gray
    Zero fees for all your investments
Mirae Asset Tax Saver Fund (Growth)

Mirae Asset Tax Saver Fund (Growth)

Equity

Tax Saving

Motilal Oswal Long Term Equity Fund (Growth)

Motilal Oswal Long Term Equity Fund (Growth)

Equity

Tax Saving

How does Scripbox rate funds?

Proprietary system to rate mutual funds

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

What Scripbox recommendations mean?
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Track Record

Track Record

We look at consistent and long historical performance for our analysis.

Relative Size

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

Category View

Category View

We check if the sub-category of the fund is recommended by us.

Consistency Of Performance

Consistency Of Performance

Consistency of performance over various tenures is analysed for a relative performance stack.

Track Record

Track Record

We look at consistent and long historical performance for our analysis.

Relative Size

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

Impact of Interest Rates

Impact of Interest Rates

We check the relative interest rate risk of the sub-category of the fund. Lower the better.

Credit Quality Of Fund’s Portfolio

Credit Quality Of Fund’s Portfolio

We check the relative interest rate risk of the sub-category of the fund. Lower the better.

Equity Funds

Debt Funds

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About SBI Magnum Long Term Equity Scheme (DR-A)

About SBI Magnum Long Term Equity Scheme (DR-A)

SBI Magnum Long Term Equity Scheme (DR-A) is a tax saving equity fund and has delivered an annualised return of % over a period of 28 years .The fund was previously known as SBI Magnum Tax Gain Reg DR.The fund is managed by SBI Funds Management Private Limited.The fund manager’s name is Dinesh Balachandran.

SBI Magnum Long Term Equity Scheme (DR-A) 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. However, there is no assurance that the objective of the scheme will be realized.

SBI Magnum Long Term Equity Scheme (DR-A) NAV,AUM,Risk

The SBI Magnum Long Term Equity Scheme (DR-A) fund was launched on Mar 31, 1993. The NAV (Net Asset Value) of this tax saving equity as of 2021-03-05 is ₹ 46.1014. The total AUM (Asset Under Management) of the fund as of 2021-03-07 is ₹ 8728.762. The category risk of the SBI Magnum Long Term Equity Scheme (DR-A) fund is Very High Risk. The fund charges 2.0 % as expense ratio.

SBI Magnum Long Term Equity Scheme (DR-A) Holdings

The fund’s highest allocation is towards equity and has invested 99.7% in this asset class. The top three holdings of the fund are cipla ltd,hdfc bank ltd and icici bank ltd

SBI Magnum Long Term Equity Scheme (DR-A) SIP

The minimum SIP (Systematic Investment Plan) amount for this is ₹ 500 and you can increase this in multiples of ₹ 500. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.

SBI Magnum Long Term Equity Scheme (DR-A) Investment volatility and Horizon

This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to S&P BSE 500 India TR INR

SBI Magnum Long Term Equity Scheme (DR-A) Review

SBI Magnum Long Term Equity Scheme (DR-A) has a score of 4 on a scale of 5. The fund scores 5 out of 5 based on historical performance. As compared to the other funds in its category, SBI Magnum Long Term Equity Scheme (DR-A) has a score of 5 out of 5. Scipbox has rated this fund 3 out of 5 based on consistency of performance over various years / tenures.

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