Tax planning is an essential but challenging process to undertake. In the sea of tax saving instruments available for investors, mutual funds through equity linked savings scheme (ELSS) provide an option to gain from the growth potential of equity markets while getting tax benefits. ELSS investments are eligible for tax deduction up to Rs. 1,50,000 per year from gross total income under Section 80C of Income Tax Act, 1961.
SBI Magnum Tax Gain Scheme aims to deliver the benefit of investment in a portfolio of equity shares, while offering tax deduction on such investments made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on availability of distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of investment to avail benefit of Section 80C of Income Tax Act.
Investors looking at dual advantage of saving taxes along with exposure to equity markets may invest in this fund. This portfolio is ideal for investors who would like to invest for long-term capital appreciation.
Sbi Magnum Tax Gain Login
This facility is available for existing KYC compliant individual investors.
Using this service at your convenience you will be able to avail following features in any of our schemes as per Scheme Offer Document.
. Account Statement
. NFO Purchase
. Portfolio view
. Transaction tracking
Sbi Magnum Tax Gain Dividend Direct
The scheme seeks capital appreciation through investments in equities, cumulative convertible preference shares and fully convertible debentures and bonds. The scheme was converted into an open-ended plan in November 1999.
|Fund Name||:||SBI Mutual Fund|
|Scheme Name||:||SBI Magnum Tax Gain Scheme – Direct (D)|
|AMC||:||SBI Mutual Fund|
|Category||:||Equity – Tax Planning|
|Fund Manager||:||Dinesh Balachandran|
|Net Assets (Rs. cr)||:||6066.78|
How To Check Sbi Mutual Fund Current Value
Sbi Tax Advantage Fund
- Category: EQUITY
- AAUM: 311.61 Cr as on 31 Mar 2018
- Investment Options: Dividend , Growth
- Entry Load: N.A.
- Inception: September 17, 2010
- Exit Load:
Sbi Elss Calculator
Systematic Investment Plan (SIP) is a kind of investment scheme offered by mutual fund companies. Using SIP one can invest small amount peridically (weekly, monthly, quaterly) into a selected mutual fund. For retail investors, SIP offers a well disciplined and passive approach to investing, to create wealth in long term (using the power of compounding). Since, the amount is invested on regular intervals (usually on monthly basis), it also reduces the impact of market volatility.
This calculator helps you calculate the wealth gain and expected returns for your monthly SIP investment. You get a rough estimate on the maturity amount for any monthly SIP, based on a projected annual return rate.
Benefits of SIP as compare to Lump sumps investment
You don’t need to speculate or focus on timing the market (which isn’t the right way for generating returns over long term)
Amount is invested on monthly basis, so there is little to no impact of market volatility (unit cost averaging)
Passive and automated (monthly installments can be deducted automatically) approach makes you more committed to guranteed saving/investment
It’s very flexible – you can create/update/cancel SIP anytime. Most of the funds starts as low as Rs. 1000 per month
If you’re not sure where to start or how to pick a mutual fund, then you should check out Top 10 Mutual funds listed there, from various fund classes(Debt, Liquid, Large Cap, Small & Mid Cap, ELSS etc), based on the recent performance (last 5 years) and CRISIL Ratings.
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