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  • SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A)

Formerly SBI Magnum Tax Gain Reg DP

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SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A)

EquityTax Saving

Top Ranked

54.303

NAV (Jan 24)

12.6%
5 Year CAGR
Scripbox Opinion

Top Ranked

SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A) 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

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

Relative Size

10,912 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

Invest in this fund
Explore a better alternative to this fund with a Scripbox plan.
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.

  • graph-icon-gray
    Historical growth rate of 12% per annum
  • graph-icon-gray
    Recommended Duration > 5 years
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    3 Years
  • graph-icon-gray
    Save Tax

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

Historical NAV

54.303

NAV (Jan 24)

Fund Returns

Last 1Y

23.5%

Last 3Y

15.8%

Last 5Y

12.6%

Last 10Y

13.5%

Since Inception

NA

6 Month CAGR

5.7%

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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.

Expense Ratio

1.75

Launched (29y ago)

Mar 31, 1993

AUM in Crores

10911.912

ISIN

INF200K01479

Lock-in

3

Benchmark

S&P BSE 500 India TR INR

SIP Minimum

500

Lumpsum Min.

500

Fund Managers
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Dinesh Balachandran

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 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.

comparison

Comparison with Equity Funds

Fund NameScripbox OpinionFund SizeTrack Record
SBI Focused Equity Fund (G)

₹ 23,716 cr

5

₹ 5,282 cr

5

₹ 5,841 cr

5

₹ 4,433 cr

5

₹ 3,651 cr

5

amc-icon

About the AMC

Fund NameScripbox Opinion
Till Date CAGR

22.3%

19.9%

5.6%

7.2%

22.3%

%

4.8%

5.8%

4.8%

5.8%

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)

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Equity

Tax Saving

Canara Robeco Equity Taxsaver fund (Growth)

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Tax Saving

SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A) Review

SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A) is a Tax Saving Equity fund and has delivered an annualised return of null% over a period of 28 years. The fund was previously known as SBI Magnum Tax Gain Reg DP. The fund is managed by SBI Funds Management Ltd. The fund manager’s name is Dinesh Balachandran.

Nav of SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A) as of 24/01/2022 is ₹54.30 with the total AUM as of 25/01/2022 is ₹10911.912. With Scripbox you can compare and check the latest nav for all mutual funds in India. SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A) was launched on Mar 31, 1993. The category risk of the fund is Very High Risk.

The minimum SIP amount for SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A) 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. Check your estimated returns on mutual funds by using sip calculator.

SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A) 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 of Income Distribution cum capital wdrl (PIDCW-A) is rated as a 4 fund in Equity and delivered 23.5% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A).

Frequently Asked Questions

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