What is SBI Magnum tax Gain Scheme?
SBI Magnum Taxgain Scheme is an open – ended Equity Linked Savings Scheme which offers you tax benefits on investments up to INR 1.5 Lakhs. Invest in SBI Magnum Scheme and don’t let tax bite off your returns.
What is SBI Long Term Equity Fund Regular plan growth?
SBI Long Term Equity Fund-Growth is a ELSS mutual fund scheme from Sbi Mutual Fund. This fund has been in existence for 15 yrs 1 m, having been launched on 07/05/2007. SBI Long Term Equity Fund-Growth has ₹10,269 Crores worth of assets under management (AUM) as on 31/03/2022 and is medium-sized fund of its category.
What is the lock-in period for SBI Long Term Equity Fund?
3 years
The fund invests a minimum of 80% of its assets in equity, cumulative convertible preference shares, fully convertible debentures, bonds etc. Investments in the scheme are subject to a statutory lock-in of 3 years from the date of allotment.
What is Magnum certificate?
Authorization to Mark (ATM) These documents are provided to show which Magnum products have been independently tested and certified for product safety.
What is the rate of return of SBI Mutual Fund?
SBI Mutual Fund
| Scheme Name | Crisil Ranking | 1 year Return (%) |
|---|---|---|
| SBI Conservative Hybrid Fund | Rank 3 | 5.6 |
| SBI Conservative Hybrid Fund | Rank 3 | 5.6 |
| SBI Conservative Hybrid Fund | Rank 3 | 5.6 |
| SBI Conservative Hybrid Fund | Rank 3 | 5.6 |
What is the new name of SBI Magnum tax Gain?
SBI Long Term Equity Fund
SBI Mutual Fund proposes to change the name of SBI Magnum Taxgain Fund to SBI Long Term Equity Fund with effect from February 17, 2020.
What is Magnum fund?
This fund’s objective is to provide long-term capital appreciation through investment in high growth companies. It also brings with it the liquidity of an open-ended scheme by investing predominantly in equities and the balance in debt and money market instruments.
Which SIP is best for 5 years in SBI?
SBI SIP (Systematic Investment Plan)
| Fund Name | 1 Year Return | 5 years Returns |
|---|---|---|
| SBI Focused Equity Fund | 1.6% | 20.4% |
| SBI Infrastructure Fund | -12.9% | 14.8% |
| SBI Magnum Children’s Benefit Plan | 11.17% | 18.52% |
| SBI Magnum Multi-cap Fund | 10.84% | 24.88% |
Which ELSS has highest returns?
Which are the best ELSS Mutual Funds to invest in 2022?
| Fund Name | Fund Category | 5 Year Return (Annualized) |
|---|---|---|
| Mirae Asset Tax Saver Fund | Equity | 15.54 % p.a. |
| IDFC Tax Advantage (ELSS) Fund | Equity | 13.51 % p.a. |
| Canara Robeco Equity Tax Saver Fund | Equity | 14.91 % p.a. |
| PGIM India ELSS Tax Saver Fund | Equity | 12.46 % p.a. |