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Hi I would like to have the information about SBI Magnum Taxgain Scheme as well as the history of the Net Asset Value of the Scheme?
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Tax planning is a basic yet difficult procedure to embrace. In the ocean of duty sparing instruments accessible for financial specialists, common finances through value connected investment funds conspire (ELSS) give a choice to pick up from the development capability of value markets while getting tax breaks. ELSS speculations are qualified for assess derivation up to Rs. 1,50,000 every year from net aggregate pay under Section 80C of Income Tax Act, 1961. SBI Magnum Tax Gain Scheme expects to convey the advantage of interest in an arrangement of value shares, while offering charge conclusion on such speculations made in the plan under segment 80C of the Income-impose Act, 1961. It likewise tries to appropriate wage intermittently relying upon accessibility of distributable excess. Interests in this plan would be liable to a statutory secure of 3 years from the date of speculation to profit of Section 80C of Income Tax Act. Financial specialists taking a gander at double favorable position of sparing charges alongside presentation to value markets may put resources into this reserve. This portfolio is perfect for financial specialists who might want to contribute for long haul capital appreciation. NAV History ![]() Absolute Returns (in%) Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Annual 2017 - - - - 13.69 2016 -4.91 7.83 7.14 -6.70 -10.62 2015 28.70 2.63 -12.83 -3.97 65.00 2014 32.53 83.18 32.88 20.16 4.45 2013 -26.02 9.66 -6.55 54.06 20.99 Quantitative Data as on 31-Aug-2017 Standard Deviation: 13.34% Beta: 0.93 Expense Ratio: 2.00 Portfolio Turnover: 0.72
__________________ Answered By StudyChaCha Member |