SBI Long Term Equity Fund - Regular Plan- Growth
(Erstwhile SBI Magnum Taxgain Scheme 1993 - Regular Plan- Growth)
Fund House: SBI Mutual Fund| Category: Equity: ELSS |
| Launch Date: 31-03-1993 |
| Asset Class: Equity |
| Benchmark: S&P BSE 500 TRI |
| TER: 1.7% As on (31-08-2023) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 15,586.53 Cr As on (31-08-2023) |
| Turn over: 14% | Exit Load: Nil |
292.3537
-0.58 (-0.1978%)
11.7%
Benchmark: 13.04%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
The scheme seeks capital appreciation through investments in equities, cumulative convertible preference shares and fully convertible debentures and bonds. The scheme was converted into an open-ended plan in November 1999.
Current Asset Allocation (%)
Indicators
| Standard Deviation | 13.32 |
| Sharpe Ratio | 1.5 |
| Alpha | 4.41 |
| Beta | 0.88 |
| Yield to Maturity | - |
| Average Maturity | - |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| SBI Long Term Equity Fund - Regular Plan- Growth | 31-03-1993 | 26.21 | 15.48 | 27.91 | 15.96 | 16.25 |
| Motilal Oswal Long Term Equity Fund (MOFLTE) - Regular Plan - Growth Option | 05-01-2015 | 21.48 | 9.62 | 26.86 | 13.53 | - |
| Taurus Taxshield - Regular Plan - Growth | 31-03-1996 | 20.18 | 10.22 | 20.8 | 11.86 | 14.71 |
| HDFC Taxsaver - Growth Plan | 05-03-1996 | 19.93 | 14.73 | 28.11 | 13.05 | 15.5 |
| JM Tax Gain Fund (Regular) - Growth option | 31-03-2008 | 18.83 | 9.52 | 26.66 | 16.22 | 17.92 |
| Franklin India Taxshield-Growth | 05-04-1999 | 18.81 | 11.89 | 28.8 | 13.52 | 16.12 |
| BANDHAN Tax Advantage (ELSS) Fund - Regular Plan - Growth | 26-12-2008 | 18.67 | 12.77 | 30.96 | 16.21 | 18.53 |
| Parag Parikh Tax Saver Fund- Regular Growth | 05-07-2019 | 17.03 | 11.83 | 24.31 | - | - |
| BANK OF INDIA Tax Advantage Fund-Regular Plan- Growth | 25-02-2009 | 16.9 | 8.07 | 25.92 | 18.18 | 17.58 |
| Mahindra Manulife ELSS Fund- Regular Plan - Growth | 05-10-2016 | 16.63 | 8.92 | 26.33 | 14.01 | - |
Scheme Characteristics
Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).
Riskometer
PORTFOLIO
Market Cap Distribution
Small Cap
12.65%
Others
7.26%
Large Cap
57.43%
Mid Cap
22.66%
Tax Benefits of investing in this fund
Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#
Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.
Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **
# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund
