Tuesday, December 18, 2007

SBI TAX ADVANTAGE FUND-Series 1

Another Equity Linked Savings Scheme
FROM THE MAKERS OF MAGNUM TAX GAIN SCHEME
A GROWTH ORIENTED EQUITY SCHEME WITH TAX BENEFITS UNDER SEC 80 C OF IT ACT, IDEAL FOR INVESTORS LOOKING FOR LONG TERM APPRECIATION with or without TAX BENEFITS

SBI TAX ADVANTAGE FUND Series 1 (STAFS1)
Product from SBI Mutual Fund, a fund house which manages "Magnum Tax Gain Scheme" the largest Equity Linked Saving Scheme in the country both in terms of Investors (over 10 Lakhs) and Size of assets ( over 3300 Cr, as at the end of Nov 2007). STAFS 1 provides excellent investment opportunity when compared with other instruments as they provide decent scope of capital appreciation with added advantage of tax-free dividends. The scheme endeavours to generate capital appreciation by investing predominantly in equity and equity-related instruments of companies across large, mid and small market capitalization.
  • Close – Ended (10yr) Equity Linked Saving Scheme with Sec 80 C Benefit
  • Liquidity –After a short 3-Year of Lock-in period (as per SEBI guidelines)
  • NFO closes on 03-Mar-08
  • Fund Manager Mr. Ritesh Seth
  • Minimum investment Rs. 500 and in multiples of Rs. 500 thereafter.
  • Growth and Dividend (Payout) options available
  • NAV to be disclosed weekly
  • Switches to the scheme to be allowed only during NFO period
  • No SIP, STP, SWP facilities
  • Cheque/DD to be drawn in favour of “SBI Tax Advantage Fund Series-I ”
  • Load Structure –Entry Load –Nil & Exit Load–Nil *
  • Initial issue expenses will be amortized over the close-ended tenor.

PERFORMANCE OF MAGNUM TAX GAIN SCHEME (MTGS)
As on 31 st October 2007
Period, MTGS,  Benchmark(BSE-100) respectively 
1-Year 57.76% 57.36%
3-Year 72.27% 50.72%
5 - Year 73.87% 48.06%
Return Since Launch 23.83% 17.23%

Dividend History of Magnum Tax gain Scheme (from 2003)
Record Date, Dividend (%), Rs.per Unit Dividend,  NAV respectively
02 Mar 07 110 11.00 42.55
10-Mar-06 150 15.00 44.37
10-Jun-05 102 10.20 37.18
29-Oct-04 27 2.70 26.48
26-Mar-04 15 1.50 22.03
31-Dec-03 15 1.50 25.89
26-Sep-03 15 1.50 17.23

2 comments:

  1. GIVE ME THE DETAILS OF PEOPLE WHO INVESTED IN IT

    ReplyDelete
  2. GIVE ME THE DETAILS OF PEOPLE WHO INVESTED IN IT

    ReplyDelete