Jama - SBI MAGNUM TAXGAIN SCHEME 1993


SBI MAGNUM TAXGAIN SCHEME 1993


NAV : 232.9164
(-6.215899999999976arrow_downward)
AUM : ₹7,313 Cr.


Fund Returns

1 Month3 Months6 Months1 Year2 Years3 Years5 years
-4.35%5.14%13.87%41.82%24.64%18.37%15.05%



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
NAV232.9164
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₹1,06,712₹1,06,551₹160
After 1 year₹1,41,820₹1,40,936₹884
After 3 years₹1,65,858₹1,62,851₹3,006
After 20 years₹29,16,765₹25,81,899₹3,34,866

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 : 18.37% 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