Image by Alan Cleaver
SBI Magnum Taxgain scheme is a mutual fund from SBI that helps you get tax benefit under section 80 C (the one with the one lakh limit), and primarily invests in equity. Before I go any further, let me state that there is a 3 year lock in period in this fund.
Over the years, I have heard a few people ask whether the lock – in applies if they don’t claim the tax benefit, and the answer is: Yes.
The lock in will remain intact regardless of whether you claim the tax benefit or not.
The Magnum Taxgain scheme will primarily be invested in equity, and at the end of February 2010 – it had 91.73% of its assets invested in equity. The fund leans towards large caps with Reliance Industries, ICICI Bank, L&T, United Spirits and GAIL being its top 5 holdings as on Feb 28 2010. It’s well worth noting here that the top 10 holdings of the fund make up 31.2% of its assets.
Over a 5 year period the SBI Magnum Taxgain fund has given annualized returns of 26.3% against Nifty returns of 20%. This page from Moneycontrol shows that this is among one of the better funds over a five year period. Its returns beat Nifty over a five year period which is a good thing, and the fact that it gives you tax benefits as well is just icing on the cake.
On a 1 – 5 scale – it has got a 4 rating from Value Research, and “Fund Return Grade” of “Average”. The minimum investment in this fund is Rs.500, and you can also set up SIPs in this plan.
In the past I have written about keeping the tax angle in mind while investing, and if you were thinking about some tax planning, then this is certainly one of the options you could check out.
pl mail me statement of account for SBI-Magnum Tax Gain Scheme
folio No : 8658575
Dear sir,
I hold SBI Magnam Tax Gain sheme. Folio no 8405962
I want statement from Beginning.
can you send the same
Regards
my pan no is AJBPB7047C having magnum taxgain. i want my detaled statement before 22th feb please
Folio # 10189863.
I want to sell my SBI Mutual Fund-Magnum Tax Gain Growth.
Please Advice
Dear sir,
I hold SBI Magnam Tax Gain sheme. Folio no 10694512
I want statement of this year.
can you send the same
Regards
Vishal
No, I can’t send you this as this is like a news website. Your best bet is to contact the agent or banker who sold you this.
Folio no 8626969
name — kanitkar sachin arun
ph. 9922069062
pl. send me TDS Certificate for year 2010 — 2011
For this year 2010 — 2011 net primium paid.
pl. send me on my mail ID mentioned above
yaddesachinki@yahoo.co.in
Dear Sir,
My SBI Mutual fund
Folio Number-10297456
Scheme-LO18 Magnum Tax Gain-Dividend
At present, what is the rate of above!
Thanks,
Sanjay
M-09662535686
I invested on SBI magnum Taxgain mutual fund scheme. My Polio nos are – 7701407 / 2006 and 10486250 / 2008 . I am requesting you to send account statements for both accounts.
u can download from http://www.camsonline.com
pl send me statement of account for L018-SBI-Magnum Tax Gain Scheme – Dividend (advisor : ARN-32814) folio No : 7021619
i have invested Rs 1000/per month in SBI magnum tax gain (Div Reinvest) fund since Feb 2009 having folio no 11610295. Pl send me monthly purchased unit and nav starting from Feb 2009. I ve also purchased SBI MSFU(Div) fund of Rs 1500/per month since Sep 2009 having folio no 11610295. Pl send me allocated nav and unit starting from Sep 2009 in my email id.
i have invested Rs 1000/per month in SBI magnum tax gain (Div Reinvest) fund since Feb 2009 having folio no 11610295. Pl send me monthly purchased unit and nav starting from Feb 2009. I ve also purchased SBI MSFU(Div) fund of Rs 1500/per month since Sep 2009 having folio no 11610295. Pl send me allocated nav and unit starting from Sep 2009.
Please give information of folio number 11240414
Talk to your agent VS.
I am investing through SIP 2000/month in SBI Magnum Tax Gain Scheme – Dividend since January 2011. My folio no. is 12869153. Let me know the total unit accumulated by me and its total value at present.
pl send me statement of account for SBI-Magnum Tax Gain Scheme – Divident folio No : 12867760
pl send me statement of account for L018G-SBI-Magnum Tax Gain Scheme – Growth (advisor : ARN-63032) folio No : 11547959
Kindly send me folio 11551235 statment for year 2010 – 2011
Talk to your agent Rajeshwar.
I have purchased SBI Magnum Tax Gain -Dividend. My Folio number is 11040637. Kindly send me monthly statement on my email id. Also i want to know current fund value. Pl. Send me through mail.
I have purchased SBI magnum tax gain 93 (G) in 2007 , 2008,2009 & 2010. My Folio no’s are 9077079,11598653,12227868 respectively.
kindly send me the statement on my email.
T& R ,
Vikas
Send a note to your agent. He will be able to help you.
I have purchased SBI magnum tax gain in 2007 & 2008. Folio no. is 10025150.kindly send me the statement on my email.my old mail id is patil@ank.bluton.com my new mail id is prakash.patil@basf.com
so, please send statament in new mail address.
Please send me the current fund value of the followings sbi magnum tax gain schemes:
1. Folio No.-7661244
2. Folio No.-9803431
3. Folio No.-9089999