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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. send me the statement of account for Folio Number :13545986 of L018SBI-Magnum TaxGainScheme-Dividend
pls. give me account statement of folio no-11568147 SBI- MAGNUM TAX GAIN GROWTH
I need to know the current value of investments in SBI Magnum Tax Gain Scheme. Could you please confirm let me know as to where I could check in online
Dear sir, kindly provide me details of sbi magnum tax gain scheme regular plan dividend.my folio no is 11067353.i want to know what is the current value?#o
Please send me an outstanding amount of my account, and my Foloi number is 12298920
please send me the account statement of my SBI magnum Tax Gain fund having folio No.12246989 as soon as possible,.
Thanks
Please send me account statement of sbi magnum tax gain folio number10592704
Folio No.10529380 I have invested two Nos.tax gain bonds to the tune of Rs.20000 +Rs.20000 = Rs.40,000/= How to approach to get back my invesment after maturity peiod. pl;ease furnish contact address at Chennai at the earliest.
Janani Natarajan
Pl send me the latest nav of my folio no 10584218of L018 magnam tx gain scheme on my mob. no.09826479720
Dear please mail me statement my folio number : 8450528 my mobile number : 9930862444
Sir, plz send me the statement of my account follio no 11721916
how can I get return the amount
Sir, plz send me the statement of my account follio no 11128778 and how can I get return the ammount
hello
plz send me the statement of my account of folio no 8608621
kindly send me th statement of my account bearing folio no.12264956
kindly send me the statement of my account bearing folio no.12212168
Kindly send me details to find out my ledger no.,folio no. as the certificate is not received.
Can you please, please send my statement in my email, my folio number 10649681
Look this is a blog like a newspaper – this is not the SBI website – you need to talk to them to get your statements. No one is going to get any statements by leaving comments here. Just scroll up and read the 100 other comments that have been posted here.
please send my statement of account by e-mail as above. My folio number is 12267389.Please also let me know if any dividend was ever sent to my bank account sbi 1032 446 1608. my bank has no information.
thanks and regards
please my statement of account on above e-mail address.
pl. ignore the above message.
Please send me the statement of account for the LO18G MAGNUM TAX GAIN SCHEME-Growth. My FOLIO NUMBER IS 11010635. Also I would like to know the current value of these funds.
I purchased first fund for 10000.00 in 2008 and second fund for 20000.00 in 2009. Both funds completed 3 years. Now i want to know the current value of these funds. FOLIO NUMBER is same for both the funds.
Farooq Ahmad