Jama - SBI MAGNUM TAXGAIN SCHEME 1993


SBI MAGNUM TAXGAIN SCHEME 1993


NAV : 247.115
(-3.4276999999999873
arrow_downward
)
AUM : ₹7,313 Cr.


Fund Returns

1 Month3 Months6 Months1 Year2 Years3 Years5 years
1.81%1.46%8.99%7.35%16.6%17.01%9.71%



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
NAV247.115
Launch Date-
Min (1st time)₹500
Min (later on)₹500
Min SIP-
Expense Ratio112.00000000000001%
Exit Load : -


Direct Advantage

Investment of Rs.1,00,000 becomes
With JamaWith BrokerBack2Pocket
After 6 months₹1,04,397₹1,04,238₹159
After 1 year₹1,07,350₹1,06,698₹652
After 3 years₹1,60,195₹1,57,261₹2,934
After 20 years₹23,13,801₹20,45,515₹2,68,286

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 : 17.01% 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