SBI Magnum Tax Gain Scheme Dividend NAV

Welcome to the world of tax-saving investments! If you’re looking for a smart and efficient way to save on your taxes while growing your wealth, then the SBI Magnum Tax Gain Scheme is just what you need. This scheme has been designed by one of India’s leading mutual fund companies, State Bank of India (SBI), to help investors maximize their returns while enjoying tax benefits. And if that’s not enticing enough, wait till you hear about the Dividend NAV feature! In this blog post, we will dive into the details of the SBI Magnum Tax Gain Scheme and explore why its Dividend NAV option is worth considering. So, let’s get started on this exciting investment journey together!

SBI Magnum Tax Gain Scheme Dividend NAV

Also Read : Nippon Growth Fund Dividend

What is the SBI Magnum Tax Gain Scheme?

The SBI Magnum Tax Gain Scheme is a popular tax-saving mutual fund offered by the State Bank of India. It falls under the category of Equity-Linked Saving Schemes (ELSS), which means it provides investors with an opportunity to save taxes while investing in equity markets.

But what sets this scheme apart from others? Well, one key feature is its lock-in period of three years. During this time, investors cannot redeem their units, ensuring stability and long-term growth potential for their investments.

Another noteworthy aspect is that the SBI Magnum Tax Gain Scheme primarily invests in a diversified portfolio of equities across different sectors and market capitalizations. This approach helps spread out risk and allows for potential capital appreciation over time.

Moreover, by investing in this scheme, individuals can avail tax benefits under Section 80C of the Income Tax Act up to Rs 1.5 lakh per financial year.

With its consistent performance track record and focus on long-term wealth creation, the SBI Magnum Tax Gain Scheme has become a preferred choice among investors looking to save taxes while earning potentially higher returns in line with the equity market’s performance.

What is the Dividend NAV of the SBI Magnum Tax Gain Scheme?

The Dividend NAV (Net Asset Value) of the SBI Magnum Tax Gain Scheme is an important aspect to consider when investing in this mutual fund. The NAV represents the value of each unit of the scheme’s dividend plan, and it is calculated by dividing the total net assets of the scheme by the number of units outstanding.

By opting for the dividend plan, investors can receive regular payouts in the form of dividends. These dividends are declared from time to time based on various factors such as profits earned by the scheme and market conditions. However, it’s important to note that dividends are not guaranteed and may vary depending on these factors.

Investing in a dividend option can be beneficial for individuals looking for regular income streams or those who prefer receiving periodic payouts rather than reinvestment options. It provides investors with an opportunity to earn returns while also enjoying liquidity through dividend distributions.

When considering investing in any mutual fund scheme, including SBI Magnum Tax Gain Scheme, it is essential to carefully analyze its past performance, track record, investment strategy, and risk profile before making any decisions. Additionally, consulting with a financial advisor can help provide personalized guidance based on individual goals and risk appetite.

Understanding what Dividend NAV means and how it works within a tax-saving mutual fund like SBI Magnum Tax Gain Scheme is crucial for potential investors looking to make informed investment choices.

How to Invest in the SBI Magnum Tax Gain Scheme?

Investing in the SBI Magnum Tax Gain Scheme is a straightforward process that can be done by anyone looking to save on taxes while earning potential returns. Here’s how you can invest in this scheme.

First, you need to open an account with SBI Mutual Fund if you don’t already have one. This can be easily done online or by visiting your nearest SBI branch. Once your account is opened, you will have access to various mutual fund schemes including the SBI Magnum Tax Gain Scheme.

Next, you need to decide on the investment amount and mode of investment – either lump sum or through systematic investment plans (SIPs). SIPs allow investors to invest small amounts regularly over a period of time, making it convenient for those who want to invest systematically.

After deciding on the amount and mode of investment, you can fill out the application form provided by SBI Mutual Fund. Ensure that all necessary details are filled accurately and attach any required documents such as identity proof and address proof.

Once the application form is complete, submit it along with the required documents at any designated collection centers or online through their portal. You may also choose to set up auto debit facilities from your bank account for periodic investments if opting for SIPs.

Keep track of your investments and NAV performance periodically. You can do so through their website or mobile app where they provide regular updates on scheme performance and investor statements.

Investing in the SBI Magnum Tax Gain Scheme not only helps reduce tax liability but also offers potential long-term capital appreciation. So why wait? Start investing today!

Pros and Cons of Investing in the SBI Magnum Tax Gain Scheme

Investing in the SBI Magnum Tax Gain Scheme can offer several benefits for investors. One of the biggest advantages is the potential for tax savings. This scheme falls under the ELSS category, which means that investments made in it are eligible for tax deductions under Section 80C of the Income Tax Act.

Another advantage is that this scheme allows investors to benefit from long-term capital appreciation. The funds invested in this scheme are allocated to a diversified portfolio, which helps to minimize risk and maximize returns over time.

Additionally, investing in the SBI Magnum Tax Gain Scheme provides investors with an opportunity to participate in India’s economic growth story. As one of India’s largest mutual fund schemes, SBI has a strong track record and expertise in managing investments.

However, it is important to consider some potential drawbacks before investing in this scheme. One downside is that there may be lock-in periods associated with ELSS schemes, including the SBI Magnum Tax Gain Scheme. This means that investors may not have immediate access to their funds during certain periods.

Furthermore, like any investment option, there is always some level of risk involved when investing in mutual funds. While diversification helps mitigate risk, market fluctuations can still impact returns.

the SBI Magnum Tax Gain Scheme offers several advantages such as tax savings and long-term capital appreciation opportunities. However, it also comes with potential drawbacks like lock-in periods and market risks.


Investing in the SBI Magnum Tax Gain Scheme with Dividend NAV can be a smart choice for individuals looking to save on taxes while earning regular dividends. This scheme offers the benefit of tax exemption under Section 80C and aims to provide long-term capital appreciation. With its diversified portfolio and professional management, it provides investors with a well-rounded investment option.

However, as with any investment, there are some pros and cons to consider. On the positive side, this scheme offers tax benefits, dividend income, and the potential for capital appreciation. It also provides ease of investment through various channels like online platforms or physical branches.

On the other hand, investing in mutual funds always carries some risk. The performance of the fund is subject to market fluctuations and individual investor goals may not align with the fund’s objectives. Additionally, investors must carefully analyze their own financial situation before committing to any investment.

The SBI Magnum Tax Gain Scheme with Dividend NAV presents a compelling opportunity for individuals seeking tax savings coupled with potential returns through dividends and capital appreciation. However, it is essential to carefully evaluate your financial goals and risk tolerance before making an informed decision about investing in this scheme or any other mutual fund options available in the market.

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