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What is the scheme about?

  • This is a Tax Saving Scheme
  • Investment under this scheme upto Rs.1,00,000 (One Lakh) will have benefit of tax rebate under Section 80 C
Features of the Scheme:

  • An open ended ELSS scheme
  • Minimum Amount: Rs.500
  • Statutory Lock-in Period of THREE (3) Years
  • Entry Load: 2.25%
  • Ideal for retail investors planning to save Income Tax through investments under Section 80 C, with the returns of equity investments.
Why Should You Choose?

  • Scheme floated by Indiaís Largest Bank SBIís AMC and professionally managed.
  • Consistent performer and outperforming its peers.
  • Tax Free Dividend at the rate of Rs.15/- per unit (Record Date March 10, 2006)
  • Tax Benefits under Section 80 C
  • Market Linked Returns on your investments.
Amount of Investment Rs.10000  
Current NAV Rs.57.56 Per Unit As of March 3, 2006.
Allotment Units 169.92 units (Approx) Deducting 2.25% entry load.
Dividend / Unit Rs.15  
Total Dividend Receivable Rs.2605.95  
Decrease in Tax Liability Rs.3000 Assume 30% Tax Bracket
Net Investment Rs.4394.05  
Performance of the TOP 3 Schemes in the Tax plan category
Scheme Name Category 1 Year Return (in %) 3 Years Return (in %)
SBI Magnum Tax Gain Scheme 93 Tax Plan 88.03 102.92
HDFC Tax Saver Fund (Dividend) Tax Plan 77.53 83.92
Prudential ICICI Tax Plan (Dividend) Tax Plan 62.8 85.67
HDFC Long Term Advantage Fund (Dividend) Tax Plan 64.73 79.7
Scheme Document Format
SBI Magnum Tax Gain Scheme´ 93 PDF
SBI Magnum Tax Gain Scheme´ 93 Word Document

Hurry! Invest before March 09, 2006 and reap the benefits.

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