Jama - SBI MAGNUM TAXGAIN SCHEME 1993


SBI MAGNUM TAXGAIN SCHEME 1993


NAV : 233.8512
(+0.48050000000000637
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)
AUM : ₹7,313 Cr.


Fund Returns

1 Month3 Months6 Months1 Year2 Years3 Years5 years
-3.79%8.07%2.62%0.68%25.69%17.44%11.21%



NAV History



Expense Ratio Trends


Fund Details

An open-ended Equity Linked Saving Scheme with a statutory lock-in period of 3 years and tax benefit
NAV233.8512
Launch Date-
Min (1st time)₹500
Min (later on)₹500
Min SIP-
Expense Ratio115.99999999999999%
Exit Load : -


Direct Advantage

Investment of Rs.1,00,000 becomes
With JamaWith BrokerBack2Pocket
After 6 months₹1,01,301₹1,01,153₹149
After 1 year₹1,00,679₹1,00,066₹613
After 3 years₹1,61,962₹1,58,975₹2,987
After 20 years₹24,89,382₹21,98,827₹2,90,555

Investment Calculators



SIP Calculator

Per Month

500


Duration (in years)

25

After Years


Direct(Jama)

Broker(Regular)

Direct Savings :


START SIP    



Lumpsum Calculator

One Time

500


Duration (in years)

25

After Years


Direct(Jama)

Broker(Regular)

Direct Savings :


INVEST NOW

Returns assumed : 17.44% Past 3 yr Data




Fund 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 ofallotmenttoavailSection80Cbenefits.
Fund Manager:
Dinesh Balachandran