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#1
October 16th, 2012, 01:13 PM
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 SBI Magnum Tax Gain
Tell me about State Bank of India Magnum Tax Gain Scheme 1993 and also give me its key benefits.
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#2
October 17th, 2012, 10:06 AM
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| Re: SBI Magnum Tax Gain
You want to know about State Bank of India Magnum Tax Gain Scheme 1993 following is its details: According to SBI Mutual Fund Website, “SBI Magnum TaxGain Scheme is an open-ended ELSS (equity linked saving scheme) wherein investment up to Rs. 1,00,000 are eligible for deduction from the gross total income u/s 80C of Income Tax Act. Key Benefit This fund offers you multiple advantages of reducing your taxes (Section 80C advantage) as well as growing your investments through investment in equity market. This is also one of the oldest ELSS fund in India. Over 15 lakh investors trust Magnum Taxgain Scheme (based on live folios as on 31 July 2012)”
__________________ Answered By StudyChaCha Member |
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