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SBI Magnum Tax Gain Mutual Fund Tax Saving Schemes SBI Mutual Fund
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To know more on the benefits of SBI Magnum Tax Gain Scheme access the given link: https://www.sbimf.com/en-us/equity-sc... • SBI Magnum Tax Gain Plan is one of the largest tax saving mutual funds in the country with a track record of over 20 years. This is amongst those tax saving schemes which identifies stocks with strong business fundamentals across market cap, using both top-down and bottom-up approach to generate capital appreciation in the long term. This magnum tax gain fund is an ideal investment option for investors, looking to save tax and get equity market-linked returns on their investments. The prime objective of SBI Magnum tax gain scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investments made in the scheme under section 80 C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investors looking at dual advantage of saving taxes along with exposure to equity markets may invest in the SBI's tax saving mutual fund. This portfolio is ideal for investors who would like to invest for long-term capital appreciation. But before proceeding with the features of SBI Magnum Tax Gain Scheme let us understand in brief more about elss schemes. • What are elss mutual funds? • Equity Linked Savings Scheme (ELSS) - a tax saving mutual fund is one of the most popular Sec 80C investments. This is one of those tax gain mutual funds where investors enjoy both the benefits of capital appreciation, as well as tax benefits. This elss fund allows you to not only save tax on investment upto Rs. 1.5 lakhs, under Section 80C of the Income Tax Act 1961, but also allows one to invest towards building wealth for the future. The mandate of these tax gain mutual funds are that they allow the fund manager to invest in companies for a long-term horizon and remain invested. To know more on elss mutual funds you can view the given video: • ELSS Funds - A Long Term Advantage Mu... • Why should one invest in SBI Magnum Tax Gain Scheme? • 1. Tax benefits: The investments made under this tax saving mutual fund are eligible for tax deduction up to Rs. 1,50,000 per year from gross total income under Section 80C of Income Tax Act, 1961. • 2. No entry load or exit load: Entry load is not applicable for an investor who wishes to invest in this elss scheme. Also as exit loads are applicable on equity investments that are liquidated or withdrawn before the completion of an year, exit loads are not applicable for this elss mutual fund as SBI Magnum Tax Gain Plan has a minimum lock-in period of 3 years. • 3. Better returns and liquidity: SBI Tax Gain Plan invests a majority of it's portfolio in various equity and equity related schemes. Since most of these equity related investments are comparitively high rist investments the returns on these investments are better. Also a portion of investments under this elss/tax saving scheme are made in debt instruments, so as to provide liquidity for investors. • To know more about SBI Magnum Tax Gain Scheme and other investment options access the given link: https://www.sbimf.com/en-us/investmen... • • Connect with us • Facebook: / sbimf • Twitter: / sbifundguru • LinkedIn: / sbi-mutual-fund • Google+: http://bit.ly/SBIMFGooglePlus • YouTube: / sbimutualfund • SlideShare : http://www.slideshare.net/SBIMutualFund
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