SBI Magnum Tax Gain Scheme 1993

 

 

https://sites.google.com/site/mutualfundapplications/tax-saving-mutual-funds-elss 

 

Aim:
Without no market cap or sector bias, investment will be in companies that have a superior growth potential and sound business model

Performance Driver:
Aggressive stance, though now more diversified with a higher large-cap exposure

Why Invest?
It has bouts of chart-topping performances and at other times does beat the category average

Flipside:
The fund has seen a turnaround in performance only from 2007 and doesn't protect the downside well

Invest if:
You are willing to get aggressive on equity while taking the tax benefit

 

Investment Details
Basics Min Investment (Rs) 500 Subsequent Investment (Rs) 500 Min Withdrawal (Rs) -- Min Balance -- Pricing Method Forward Purchase Cut-off Time (hrs) 15 Redemption Cut-off Time (hrs) 15 Redemption Time (days) -- Lock-in 1095 days Cheque Writing --		Systematic Investment Plan SIP Yes Initial Investment (Rs) -- Additional Investment (Rs) 500 No of Cheques 12 Note Monthly investment of Rs 1000 for 6 months and quarterly investment of Rs 1500 for 4 quarters.