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SBI Magnum Equity

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

A large-cap growth fund, it invests in top-100 Indian stocks based on their market capitalisation. The fund maintains a reasonable benchmark coverage, i.e., a good part of its portfolio has to be in line with the benchmark. The fund endeavours to beat the benchmark (generate alpha) with its stock preference. However, there are internal limits to a relative position in a stock compared to its benchmark. Till 2009, the fund used to change its character with the market. The fund manager generally doesn't hold more that 10 per cent in cash. In its long history, the average allocation to equity has been 92 per cent. In the past one year, the cash has not exceeded 3 per cent.

 

Performance


The fund has beaten its benchmark in 9 of the last 10 calendar years. The exception was 2008 when it fell by 4.5 per cent more than Nifty, its benchmark. The change in orientation in 2009 has helped the fund earn little more than its peers. In the lean year of 2011, the fund was impressive, limiting its fall to 20 per cent compared to a 25 per cent decline in its benchmark.

 

The long-term return from the fund has been impressive. Since its launch in 1990, the fund has posted an annual return of 15.33 per cent. In the past 10 years, the fund has posted 25.34 per cent annual return which is nearly 25 per cent more than the average of its peers and the benchmark. In the past 5 years, the fund has earned 6 per cent annual returns which is twice the average of its peers and the benchmark.

Infosys, Reliance Industries, L&T, BHEL, Tata Motors, ITC, M&M and Bharti Airtel have been integral part of its portfolio. Of these, Infosys, ICICI and HDFC Bank has often been nearly 10 per cent of its portfolio. For other stocks, the fund has limited its exposure to 5 per cent. In the past 1 year, its deviation in a specific stock has not exceeded more than 4 per cent, relative to the stock's weight in benchmark.

 

Why invest?


Given its strategy, the fund will remain a disciplined large cap fund. A credible performance track-record makes its an attractive choice.

Happy Investing!!

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

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      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
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      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

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