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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

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

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

EquityTax Saving

Top Ranked

50.999

NAV (Jul 29)

10.9%
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

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

Relative Size

10,170 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
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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.

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

risk-indicator-arrow.svg

Very High Risk

Expense Ratio
1.82 %
Launched (28y ago)
Mar 31, 1993
AUM in Crores
₹ 10,170
ISIN
INF200K01479
Lock-in
3
Benchmark
S&P BSE 500 India TR INR
SIP Minimum
₹ 500
Lumpsum Min.
₹ 500
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

SBI Focused Equity Fund (G)

SBI Focused Equity Fund (G)

Diversified

Recommended

Top Ranked

17 Years

Age

5

Track Record

Aditya Birla Sun Life Focused Equity Fund (G)

Aditya Birla Sun Life Focused Equity Fund (G)

Diversified

Recommended

Top Ranked

16 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

Kotak Bluechip fund (G)

Kotak Bluechip fund (G)

Large Cap

Recommended

Top Ranked

23 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 399,510 crores and was set up on 7 February 1992. It's current offering of mutual fund schemes includes 75 equity,232 debt and 54 hybrid funds.

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SBI Focused Equity Fund (G)

SBI Focused Equity Fund (G)

Diversified

Recommended

Top Ranked

₹ 16,856 Cr

Fund Size

16.00%

5 Year CAGR

5 Y CAGR

SBI Magnum Ultra Short Duration Fund (G)

SBI Magnum Ultra Short Duration Fund (G)

Ultra Short

Recommended

Top Ranked

₹ 12,142 Cr

Fund Size

6.50%

3 Year CAGR

3 Y CAGR

SBI Focused Equity Fund Inc Dist cum Cap Wdrl (RIDCW-A)

SBI Focused Equity Fund Inc Dist cum Cap Wdrl (RIDCW-A)

Diversified

Top Ranked

₹ 16,856 Cr

Fund Size

16.00%

5 Year CAGR

5 Y CAGR

SBI Magnum Ultra Short Duration Fund of Income Dist cum cap wdrl (RIDCW-W)

SBI Magnum Ultra Short Duration Fund of Income Dist cum cap wdrl (RIDCW-W)

Ultra Short

Top Ranked

₹ 12,142 Cr

Fund Size

5.20%

3 Year CAGR

3 Y CAGR

SBI Magnum Ultra Short Duration Fund of Income Dist cum cap wdrl (D-W)

SBI Magnum Ultra Short Duration Fund of Income Dist cum cap wdrl (D-W)

Ultra Short

Top Ranked

₹ 12,142 Cr

Fund Size

5.20%

3 Year CAGR

3 Y CAGR

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

Canara Robeco Equity Taxsaver fund (Growth)

Canara Robeco Equity Taxsaver fund (Growth)

Equity

Tax Saving

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3,600+

AUM

2,500+

Cities

2012

Established

How does Scripbox rate funds?

Proprietary 4-step 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.

Fund Size

Fund Size

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

Sub-asset Class View

Sub-asset Class View

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

Fund Performance

Fund 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.

Fund Size

Fund 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 Attractiveness

Credit Attractiveness

We check the credit quality of the underlying instruments present in the fund. Higher the better.

Equity Funds

Debt Funds

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

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

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 % 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 Private Limited.The fund manager’s name is Dinesh Balachandran.

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

The SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A) fund was launched on Mar 31, 1993. The NAV (Net Asset Value) of this tax saving equity as of 2021-07-29 is ₹ 50.999. The total AUM (Asset Under Management) of the fund as of 2021-07-29 is ₹ 10169.084. The category risk of the SBI Magnum Long Term Equity Scheme of Income Distribution cum capital wdrl (PIDCW-A) fund is Very High Risk. The fund charges 1.82 % as expense ratio.

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

The fund’s highest allocation is towards equity and has invested 98.7% in this asset class. The top three holdings of the fund are britannia industries limited,icici bank ltd and tech mahindra ltd

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

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