SBI Magnum Taxgain Scheme - Growth

( NAV change from the previous, NAV as on )

Launch Date

1993-03-31 00:00:00.0

AUM

NA
(as on date NA)

Benchmark

S&P BSE 500 Index

Fund Manager

Mr. Dinesh Balachandran

Risk: Moderately High

SBI Magnum Taxgain Scheme Overview

SBI Magnum Taxgain Scheme is an open ended equity fund. This fund managed by Mr. Dinesh Balachandran. This fund was launched on 31st March 1993. The benchmark of this fund is Samp;P BSE 500 Index. SBI Magnum Taxgain Scheme is an ELSS Fund so by investing in this fund you also can save tax. SBI Magnum Taxgain Scheme comes with a lock in period of three years. But it is advisable to continue investing at least for five years for more return. You can invest in SBI Magnum Taxgain Scheme Growth or SBI Magnum Taxgain Scheme dividend as per your choice of investment. SBI Magnum Taxgain Scheme performance is good over the years you can check the SBI Magnum Taxgain Scheme NAV to know more. SBI Magnum Taxgain Scheme portfolio is well diversified to generate regular income. SBI Magnum Taxgain Scheme expense ratio is also very low compared to other ELSS funds. SBI Magnum Taxgain Scheme exit load is also zero. You can invest through SBI Magnum Taxgain Scheme SIP or SBI Magnum Taxgain Scheme Lump sum. SBI Magnum Taxgain Scheme SIP minimum amount is Rs. 500 only.

Eligibility Criteria to invest in SBI Magnum Taxgain Scheme

  • Individual should be an Indian Citizen
  • Minor through parent/lawful guardian
  • Foreign Institutional Investors
  • Financial Institutions and Investment Institutions
  • Non-resident Indians/Persons of Indian origin residing abroad
  • Association of Persons
  • Partner(s) of Partnership Firms.
  • Societies
  • Karta of Hindu Undivided Family
  • Companies
  • Trusts

Documents Require to invest in SBI Magnum Taxgain Scheme

Along with the KYC application of the applicant, following are the essential documents for investing in SBI Magnum Taxgain Scheme -

  • PAN Card
  • ID Proof- AADHAR Card, Voter ID Card.
  • Residential Proof
  • Passport size Photographs
  • Duly filled application form
  • KYC Acknowledgement
  • Declaration of 3rd party (for minors)

SBI Magnum Taxgain Scheme advantages

  • SBI Magnum Taxgain Scheme is an ELSS fund so by investing in SBI Magnum Taxgain Scheme you can save tax up to Rs. 1.5 lakh under section 80C
  • You can invest in SBI Magnum Taxgain Scheme Growth or SBI Magnum Taxgain Scheme Dividend as per your choice of investment.
  • SBI Magnum Taxgain Scheme performance is very good over the years you also can check the SBI Magnum Taxgain Scheme NAV to know more.
  • You can invest in SBI Magnum Taxgain Scheme dividend or SBI Magnum Taxgain Scheme growth as per your choice.
  • You can invest in SBI Magnum Taxgain Scheme either through SBI Magnum Taxgain Scheme SIP or SBI Magnum Taxgain Scheme Lump sum, whichever you want.
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