Jama - SBI MAGNUM TAXGAIN SCHEME 1993


SBI MAGNUM TAXGAIN SCHEME 1993


NAV : 217.0389
(+2.7845000000000084
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)
AUM : ₹7,313 Cr.


Fund Returns

1 Month3 Months6 Months1 Year2 Years3 Years5 years
-3.12%-2.03%7.57%33.73%23.81%17.5%15.28%



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
NAV217.0389
Launch Date-
Min (1st time)₹500
Min (later on)₹500
Min SIP-
Expense Ratio0.0%
Exit Load : -


Direct Advantage

Investment of Rs.1,00,000 becomes
With JamaWith BrokerBack2Pocket
After 6 months₹1,03,715₹1,03,559₹156
After 1 year₹1,33,730₹1,32,893₹836
After 3 years₹1,62,215₹1,59,272₹2,943
After 20 years₹25,15,442₹22,26,369₹2,89,073

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 : 17.5% 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:
Mr. Dinesh Balachandran