#1
December 11th, 2017, 04:23 PM
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SBIMF Tax Gain Latest NAV
Hi I would like to have the information about SBI Magnum Tax Gain Scheme as well as the details of the returns (NAV as on 27 Oct, 2017) of SBI Magnum Tax Gain Scheme?
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#2
December 12th, 2017, 10:00 AM
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Re: SBIMF Tax Gain Latest NAV
Tax planning is a fundamental yet difficult procedure to embrace. In the ocean of duty sparing instruments accessible for financial specialists, shared subsidizes through value connected reserve funds conspire (ELSS) give an alternative to pick up from the development capability of value markets while getting tax reductions. ELSS speculations are qualified for impose derivation up to Rs. 1,50,000 every year from net aggregate wage under Section 80C of Income Tax Act, 1961. SBI Magnum Tax Gain Scheme plans to convey the advantage of interest in an arrangement of value shares, while offering charge reasoning on such ventures made in the plan under area 80C of the Income-impose Act, 1961. It likewise tries to convey pay occasionally relying upon accessibility of distributable overflow. Interests in this plan would be liable to a statutory secure of 3 years from the date of venture to profit of Section 80C of Income Tax Act. Investors taking a gander at double favorable position of sparing expenses alongside introduction to value markets may put resources into this store. This portfolio is perfect for financial specialists who might want to contribute for long haul capital appreciation. Returns (NAV as on 27 Oct, 2017) Period Returns (%) 1 month 7.9 3 month 3.7 6 month 11.1 1 year 19.4 2 year 11.8 3 year 14.2 5 year 26.1 Absolute Returns (in %) Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Annual 2017 2.0 4.3 -0.1 - - 2016 -14.7 7.5 6.4 -8.3 -8.5 2015 -5.0 -0.7 -4.1 -0.6 -8.2 2014 -2.1 20.8 7.9 5.7 35.4 2013 -16.8 2.1 -2.3 13.1 -4.6 2012 5.2 -1.1 8.8 4.0 34.0 SBI Magnum Tax Gain Scheme – NAV Movement |
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