Tuesday, February 12, 2008

Best Mutual Fund Investment with Tax Saving

SBI Magnum Tax gain gives the dual benefit to investors for investing in a mutual fund (to get higher returns) and claiming tax benefit under Section 80C. With standard deviation of 22.13, SBI Magnum Taxgain has managed to be second best in terms of satefy of returns. It has remained the top investment recommendation by many advisors this year also. In terms of performance it has beaten its nearest rival HDFC by a big margin.
  • 1 Year return is 31.8%
  • 3 Year return is 55.4%
  • 5 Year return is 71.4%
With average market cap of above 27000 crore and with equity to debt mix of 88:12, the fund has Reliance Industries, JP Associates, Welspun Gujarat, Reliance Communications and L&T as its major holdings. The Top Three sector in which the fund has exposure are Energy, Financial Services and Diversified. The fund not only provides excellent safety in terms of "Low" risk but also offers highest.

For those who want capital appreciation can go for Growth option. Those who are willing to get regular liquidity in form of tax free dividends, can go for Dividend Payment option. Because of the fall in secondary markets, the NAVs of most mutual funds have fallen considerably. We would recommend investors to utilize this opportunity and buy some good mutual funds like SBI Magnum Taxgain.


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