SBI Magnum Taxgain scheme

Image by Alan Cleaver

SBI Magnum Taxgain scheme is a mutual fund from SBI that helps you get tax benefit under section 80 C (the one with the one lakh limit), and primarily invests in equity. Before I go any further, let me state that there is a 3 year lock in period in this fund.

Over the years, I have heard a few people ask whether the lock – in applies if they don’t claim the tax benefit, and the answer is: Yes.

The lock in will remain intact regardless of whether you claim the tax benefit or not.

The Magnum Taxgain scheme will primarily be invested in equity, and at the end of February 2010 – it had 91.73% of its assets invested in equity. The fund leans towards large caps with Reliance Industries, ICICI Bank, L&T, United Spirits and GAIL being its top 5 holdings as on Feb 28 2010. It’s well worth noting here that the top 10 holdings of the fund make up 31.2% of its assets.

Over a 5 year period the SBI Magnum Taxgain fund has given annualized returns of 26.3% against Nifty returns of 20%. This page from Moneycontrol shows that this is among one of the better funds over a five year period. Its returns beat Nifty over a five year period which is a good thing, and the fact that it gives you tax benefits as well is just icing on the cake.

On a 1 – 5 scale – it has got a 4 rating from Value Research, and “Fund Return Grade” of “Average”.  The minimum investment in this fund is Rs.500, and you can also set up SIPs in this plan.

In the past I have written about keeping the tax angle in mind while investing, and if you were thinking about some tax planning, then this is certainly one of the options you could check out.

176 thoughts on “SBI Magnum Taxgain scheme

  1. I purchased tax gain SBI Magnums in 2006 for Rs. 70000/- . Folio no. 8833984. I have no knowledge as to how many units I have at present and how much dividend I have earned yearwise and how many units I have at present.

  2. I have purchased SBI magnum tax gain in 2006 & 2007. Folio no. is 7165797.
    kindly send me the statement on my email.

    1. I have purchased SBI magnum tax gain in 2006 & 2007. Folio no. is 10218422
      kindly send me the statement on my email.

    2. I have purchased SBI magnum tax gain in 2009 & 2010. Folio no. is 10286308 and 10292047.
      kindly send me the statement on my email.

  3. I am investing in SBI Magnum Tax Gain Scheme 93 Growth from August 2007. My monthly subscibtion in SIP is @ Rs. 2000/- . Can you please intimate my account balance approximately considering applicable entry load.

  4. I had invested Rs.50000 in December 2007 in L018 SBI Magnum Tax Gain Scheme – Dividend, with reinvestment of dividend plan. Pl let me know the present value of my investment. (Not NAV, but total value)

  5. I am investing through SIP 1000/month in SBI Magnum Tax Gain Scheme – Growth option since September 2009. My folio no. is 11961399. Let me know the total unit accumulated by me and its total value at present.

  6. I have SBI Magnum Tax gain. Folio nos are 7610856 and 8653728. No dividend and no account statement. Can you look into it and send the account statements.

    Tulsi Ram kesharwani

  7. I have purchased SBI magnum tax gain in 2009-10. Folio no. is 12326135.
    kindly send me the statement on my email.

  8. Dear Sir,

    I have purchased SBI magnum tax gain in 2006. Folio no. is 7483665.
    Kindly send me the statement on my e-mail id.
    Also, kindly let me know the proecedure to sell it.

    R.Rajashekhar

  9. Dear Sir,

    I have purchased SBI magnum tax gain in 2008. Folio no. is 10724912.
    Kindly send me the statement on my e-mail id.
    Also, kindly let me know the proecedure to sell it.

  10. I invested rs.5,000 in sbi magnum taxgain on march 2007.my folio number is 8813057.Please let me know my acount status and my balance on my email.

    1. Hi.
      I invested Rs2500 in sbi magnum tax gain couple of days before.i wish to add my invest in the same…let me know what is the procedure to do that or is there any possiblity to pay my investment like sip!!!

      1. You can get into it the way you did before, or go to an agent that can help you set up the SIP, going to a bank could also help, or if you have a broker like ICICI Direct, they have the SIP facility as well.

  11. plsease send my accounts statements from purchess date folio detatils are geven below PLESE SEND IT THROUGH MY POSTAL ADDRESS 1..12373225 2..11969967 3..11103432 4..8954412 5..12373225

  12. Dear sir
    My Magnam TaxGain Polio No is : 7677044 Pls send me the the details through
    above Mail ID.
    Thank you
    Regards
    Ravindra

  13. my folio no11687253 please sand my account detals my bank name uco bank a\c no 09580100000089 branch barrackpor city kolkata ifsc cod ucba0000958 micr code no 700028125 i no recived any devedand

  14. My Folio Number is 6079348 in L018 Magnum Tax Gain Scheme of SBI. Kindly let me know the NAV as on date and also balance unit in my above Folio. Kindly send the same by return email at the earliest possible. Also let me know the status of this year divident.

    Regareds

  15. Dear Sir,
    My Folio Number is 6079348 in L018 Magnum Tax Gain Scheme of SBI. Kindly let me know the NAV as on date and also balance unit in my above Folio. Kindly send the same by return email at the earliest possible. Also let me know the status of this year divident.

    Regards

  16. Dear sir
    my folio no11548575 magnam tax gain scheme of sbi. please send date andbalance units inmy folio no 11548575also let me know the atuse of this year divident.

  17. Dear Sir,
    My Folio Number is 10436107 in L018 Magnum Tax Gain Scheme of SBI. Kindly let me know the NAV as on date and also balance unit in my above Folio. Kindly send the same by return email at the earliest possible. Also let me know the status of this year divident.

    Regards

  18. Dear Sir,
    My Folio Number is 3158666/29 in hdfc top 200 growth. Kindly let me know the NAV as on date and also balance unit in my above Folio. Kindly send the same by return email at the earliest possible. Also let me know the status of this year divident.

    Regards

    1. Dear Sir,
      My Folio number is 9905235 in SBI magnum Tax gain. kindly let me know the NAV as on date and the no. of units in my above folio number.
      kindly send the same by return e mail as early as possible.

  19. Dear Sir,
    My account no 44571838031 in reliance natural resources fund growth plan. Kindly let me know the NAV as on date and also balance unit in my above Folio. Kindly send the same by return email at the earliest possible. Also let me know the status of this year divident.

    Regards

  20. Sir,
    Please send me detailed statement of Magnum tax gain scheme Folio No. 8434051 as I have not received the dividend.

  21. I have gained a lot in Magnum Tax gain. but would like to receive the statement of my account Folio 8434051
    with regards
    Sincerely
    M. Z. Chishti

  22. Dear Sir,
    My Folio Number is 9933691 in L018 Magnum Tax Gain Scheme-DIVIDEND of SBI. Kindly let me know the NAV as on date and also balance unit in my above Folio. Kindly send the same by return email at the earliest possible. Also let me know the status of this year dividend and also the transaction history till date.

    Regards
    Jaya Vani Kurni

  23. my wife invested in sbi magnum tax gain, folio no.8672786, you are requested to let us know the NAV as on today and mail the same on above stated address.

  24. I had been investing under SIP Rs.1000/- per month from 1st Jan 2008 in SBI Magnum tax gain in my FOLIO 10216206. The scheme will end on 05-12-2010. How to apply for the payment.

  25. my folio no. is 7596625 OF L18 MAGNUM TAX GAIN SCHEME – DIVIDEND. PLEASE SEND ME THE CURRENT STATEMENT.

  26. I have purchased SBI magnum tax gain in 2008. Folio no. is 11082424.
    Kindly send me the statement on my e-mail id.
    Also, kindly let me know the proecedure to sell it.

  27. Hi I have purchased L018G Magnum Tax Gain Scheme – Growth in 2007. What is my fund value? my Folio Number is : 10430944.
    Have invested 25000/-

    Thanks

  28. Hi I have puchased RELIANCE NATURAL RESOURCE FUND-GROWTH PLAN-GROWTH OPTION. My a/c # is 41678345816.
    I have invested only 10000/-. Can I have the current value of my money?
    Please advise.

    Thanks

  29. Please send me the current fund value of the followings sbi magnum tax gain schemes:

    1. Folio No.-7661244
    2. Folio No.-9803431
    3. Folio No.-9089999

  30. I have purchased SBI magnum tax gain 93 (G) in 2007 , 2008,2009 & 2010. My Folio no’s are 9077079,11598653,12227868 respectively.
    kindly send me the statement on my email.
    T& R ,
    Vikas

  31. I have purchased SBI Magnum Tax Gain -Dividend. My Folio number is 11040637. Kindly send me monthly statement on my email id. Also i want to know current fund value. Pl. Send me through mail.

  32. pl send me statement of account for L018G-SBI-Magnum Tax Gain Scheme – Growth (advisor : ARN-63032) folio No : 11547959

  33. I am investing through SIP 2000/month in SBI Magnum Tax Gain Scheme – Dividend since January 2011. My folio no. is 12869153. Let me know the total unit accumulated by me and its total value at present.

  34. i have invested Rs 1000/per month in SBI magnum tax gain (Div Reinvest) fund since Feb 2009 having folio no 11610295. Pl send me monthly purchased unit and nav starting from Feb 2009. I ve also purchased SBI MSFU(Div) fund of Rs 1500/per month since Sep 2009 having folio no 11610295. Pl send me allocated nav and unit starting from Sep 2009.

  35. i have invested Rs 1000/per month in SBI magnum tax gain (Div Reinvest) fund since Feb 2009 having folio no 11610295. Pl send me monthly purchased unit and nav starting from Feb 2009. I ve also purchased SBI MSFU(Div) fund of Rs 1500/per month since Sep 2009 having folio no 11610295. Pl send me allocated nav and unit starting from Sep 2009 in my email id.

  36. pl send me statement of account for L018-SBI-Magnum Tax Gain Scheme – Dividend (advisor : ARN-32814) folio No : 7021619

  37. I invested on SBI magnum Taxgain mutual fund scheme. My Polio nos are – 7701407 / 2006 and 10486250 / 2008 . I am requesting you to send account statements for both accounts.

  38. Dear Sir,

    My SBI Mutual fund
    Folio Number-10297456
    Scheme-LO18 Magnum Tax Gain-Dividend

    At present, what is the rate of above!

    Thanks,

    Sanjay
    M-09662535686

  39. Folio no 8626969
    name — kanitkar sachin arun
    ph. 9922069062

    pl. send me TDS Certificate for year 2010 — 2011
    For this year 2010 — 2011 net primium paid.
    pl. send me on my mail ID mentioned above
    [email protected]

  40. Dear sir,
    I hold SBI Magnam Tax Gain sheme. Folio no 10694512
    I want statement of this year.
    can you send the same

    Regards

    Vishal

  41. Dear sir,
    I hold SBI Magnam Tax Gain sheme. Folio no 8405962
    I want statement from Beginning.
    can you send the same

    Regards

  42. Dear Sir,
    My Folio No. is 10332397
    SBI Magnum Tax Gain Scheme – Growth (L018G).
    I want to know – what is the current value?

  43. Please give me the cost of SIP magnum unit because I want to sell it.so give me the market value via email twice in a week.

  44. READ THIS FIRST PLEASE:

    This is not the website of SBI Magnum. This is a like a news website, and leaving a comment here asking me to send your statement is completely useless, as I have no way of accessing it.

    Please talk to your agent, bank or broker who sold the fund to you.

  45. my folio no of LO18MAGNUM TAX GAIN SCHEME NO IS 8780924,PLS SEND STATEMENT TO MY NEW ADDRESS OR EMAIL ID
    ALSO CHANGE MY ADDRESS
    SANJAY SHENDE
    7B/301 ASHOK NAGAR,NEAR DADLANI PARK,BALKUM,
    THANE(WEST)
    PIN-400608

  46. Kindly confirm the present status of folio number 10627302, L018g Magnum tax gain scheme – growth

  47. I have invested Rs.40000/- in sbi magnum tax gain divident pay out sheme in march 2007. My folio no -8612750.As per norms I am supposed to get Account of Statement 30th March & 30 th September but I am not getting them. I have earlier requested to send the statment through my e mail but not getting them. Please look into it & arrange to send statement through my e-mail.

    thanks

    D.Barat

  48. my SBI mutual fund -magnum tax gain fund-dividend (L018 magnum tax gain scheme) folio no.7125524 and invested amount of 12000.00 on 31/3/2006 wplease send me my account atatement as on 7/03/2011 through my mail.

  49. i have invested around 5 Lacs in SBI magnum tax gain scheme, could you please let me know when the dividend is going to declare and what is expected this year.

    thanks in advance.
    Sandeep

  50. Dividend has been declared @ Rs. 4/- per unit on 6th March 2011 but the dividend amount is yet to be credited to my account. Can anyone tell me the tentative date of credit…

    1. It will be credited to your account by this month end.. it takes time to credit.. it cannot be credited as soon it is declared..

  51. sir,
    i have sbi magnum tax gain-growth mutual fund, folio no-10627594, what is the fund value of it as on date?, and what is the procedure for withdrawal?

    1. The current unitholders won’t have any impact at all. If someone decides to buy this post DTC – then they won’t get 80C benefit from their purchase.

  52. Dear Sir,

    Kindly provide us details for claim of SBI magnum tax gain. my folio no. is 7673051.

    Thanks,
    Devidas Ninu Bhangale

  53. Hi ,

    Could you kindly let me know by when the dividend should get credited to our bank account which was recorded on 18th March 2011?

  54. Hi!

    Could you kindly advise me how to change the bank details? Is it possible to do it online?

    Regards,

    Qamar Rizwan

  55. Dividend has been declared @ Rs. 4/- per unit on 6th March 2011 but the dividend amount is yet to be credited to my account. Can anyone tell me the tentative date of credit…

  56. Hai Sir,
    I have Invested 20,000 Rs in SBI MAGNUM TAX GAIN SCHEME in Feb2008,I need to redeem ,So i need to know how many units are available.
    My Folio no,10572725

  57. Could you please send me the account statement of my SBI magnum Tax Gain fund having folio No.11654090.
    Thanks

  58. I have not receive any communication from you after investing two lack in SBI Mutual Fund-L918 Magnum Tax gain Scheme-Dividend Folio no 9791966. I request you send me details with statement of Account, dividend and where is my certificate. I need hard copies with a copy on my e-mail address. My home address is 4/86 vishal khand gomti nagar Lucknow-226010 India
    Mobile 9335925918

  59. Dear Sir,

    Kindly provide us details for claim of SBI magnum tax gain. My uncle is accident dead in Feb’ 2011, so Plz, urgently comment me. My uncle’s folio no. is 7673051.

    Thanx,
    Vinod Chopade
    9687798489

  60. Sir i have got mutal funds worth Rs.30000 under magnum taxgain scheme.Folio no-11211409/2008.Please send me the statement for the same.Advice me for selling it now as what will be the amount I will be getting.

  61. Dear Sir,
    My Folio No. 10717998
    SBI Magnum Tax Gain Scheme – Growth (L018G).
    I want to know – what is the current value?

    mobile num :9819380373,9664356009

  62. Plz send the current status of L018 SBI-Magnum TaxGain scheme, Folio Number: 11614436.

  63. my folio no is 7099757 , kindly give us the detailed statement from begining and we had not recd the dividend from last two years

  64. Dear Sir,
    My Folio No. 12879164SBI Magnum Tax Gain Scheme – Growth (L018G).
    I want to know – what is the current value?

    mobile num :07874834833Reply

  65. Guys,

    Nobody can give your Folio info over here.

    Kindly contact SBI MF: [email protected] or call them at 022-66532807/08/09/10
    Also you can create a new login to access you folio information and transact on SBI’s new website.
    Following are the details from one of their FAQ doc I had got:

    Dear Investors
    NEW WEBSITE LAUNCH
    Experience the New Website of SBI Mutual Fund, with Enhanced Technology Platform GOING LIVE ON 3rd MAY 2011.
    Now, with Invest Online Access facility on SBIMF’s new website, you can manage your account from your desk. Tracking your portfolio and transacting have become effortless.

    Existing investors of SBI Mutual Fund having folio can register for Invest Online. Please follow the following processes:
    a) Generate Folio Personal Identification Number (FPIN). Steps are,
    Step 1 – Go to Invest Online and Click on Register Now Button and select “To generate instant FPIN online, click here” option.
    Step 2 – Enter your folio number and email address registered in the folio
    Step 3 – Enter your PAN Number and Bank account number registered in the respective folio
    Step 4 – Upon successful verification of the above details, FPIN will be generated by the system and sent to your registered email address.
    b) Create user Id – On receiving the FPIN by email, create your user id & password. Steps are as follows,
    Step 1- Go to Invest Online and Click on Register Now Button and select “If you have already received the FPIN, please click here to create your user id & password” option
    Step 2 – Mention the desired User ID, password, Folio Number, registered email ID, received FPIN and click on Submit button
    Step 3 – User ID will be created

    c) Login to the Invest Online. Map the folio with your User Id and FPIN and start transacting.
    d) Follow the same process for mapping other folios held by you under your User id and password.

    Hope this helps

    1. That’s the best response I’ve seen to these comments till date!!! Thank you so much for taking time out and writing this Mihir.

  66. Hi everyone,
    I guess people giving comments are well educated ,literate persons.As the author says this is not sbi mf site its a information site ,still people keep asking questions specific to their folio numbers.
    Kindly visit camsonline.com and click on mailback servcies on the left menu and look for consolidated statement.

  67. send statment for the folio No.: 9099997 on my mail it is for L018G magnum tax gain scheme- growth

  68. please send me the account statement of my SBI magnum Tax Gain fund having folio No.10499602
    Thanks

    Amruth M Patel

  69. I am P.Srinivasa Rao
    My folio number for Magnum Tax gain scheme grwoth plan is 11226124.
    Tenure of the scheme crossed three years. I would like to withdraw the amount. Please suggest.

  70. i am SBI Tax Advantage Fund unit holder.My folio no. is 11028272.i am not getting the status of my units as emails. Kindly suggest

  71. Please send the details of my account balance for FOLIO NUMBER- 8811290 of “L018 MAGNUM TAX GAIN SCHEME” on my email address.

  72. Hello sir,
    yself & my wife ( H S Rajamohan & Mrs.Sudha Rajamohan) have invested rs.49,000.00 each vide Folio Nos. 12775332 & 12775294 respectiely. In order to file our annual taxes , we need the account statement for both the Investments ,urgently. Request you to forward the same to our e mail address :[email protected] or to our address : # 303, Skyline Chalet, Diwan madhav rao road, basavanagudi, Bengaluru-560004 (tel : (080) 26620396, immediately. Please acknowledge this request & reply to my email about the despatch of statements. Regards. Rajamohan & Sudha Rajamohan

  73. Pl. send me the statement of account for Folio Number : 10373620 of L018SBI-Magnum TaxGainScheme-Dividend

  74. Hello Sir,

    my folio no. 8874720 please informed me the current value of my sbi lo 18 magnum taxgain scheme-

  75. pl send me the statement of account for the L018 magnum Tax Gain Scheme. Secondly pl provide me the details of unclaimed dividends scince 2006. pl inform me the procedure to claim such unclaimed dividends. MYfolio number is 7040641. mychenged address and mobile no. are given below: –
    Jayant Manohar Raole,
    Flat No. 9, Siddhi Enclave ,
    Opp. Mahila Bank,
    Indiranagar,
    NASHIK- 422009.
    Mobile NO. 9405176279

  76. Please send me the statement of account for the LO18 MAGNUM TAX GAIN SCHEME. My FOLIO NUMBER IS 10651467. Also I would like to know the current value of these funds.
    Janaki Kumar

  77. SIR,
    please send statement of account folio no 12758413.AS SOON AS POSBILE……………MY MOBILE NO.9919840104

  78. My folio no. is 8487526 (L018 Magnum Tax Gain)

    Kindly send the present statement of above mentioned folio by email at the earliest
    or present status of this folio

    Regardas
    Sanjiv W Gajare

  79. Dear Sir,
    p
    Please send statement of Account Folio No 8578555 ASAP……………My Mobile No.9875004615 , 9828574615.

  80. Please inform me about the SBI Magnum Taxgain scheme, I have invested in December,2007, please send statement of folio no.10318456

  81. Please send me the statement of account for the LO18G MAGNUM TAX GAIN SCHEME-Growth. My FOLIO NUMBER IS 11010635. Also I would like to know the current value of these funds.

    I purchased first fund for 10000.00 in 2008 and second fund for 20000.00 in 2009. Both funds completed 3 years. Now i want to know the current value of these funds. FOLIO NUMBER is same for both the funds.

    Farooq Ahmad

  82. please send my statement of account by e-mail as above. My folio number is 12267389.Please also let me know if any dividend was ever sent to my bank account sbi 1032 446 1608. my bank has no information.
    thanks and regards

    1. Look this is a blog like a newspaper – this is not the SBI website – you need to talk to them to get your statements. No one is going to get any statements by leaving comments here. Just scroll up and read the 100 other comments that have been posted here.

  83. Kindly send me details to find out my ledger no.,folio no. as the certificate is not received.

  84. Folio No.10529380 I have invested two Nos.tax gain bonds to the tune of Rs.20000 +Rs.20000 = Rs.40,000/= How to approach to get back my invesment after maturity peiod. pl;ease furnish contact address at Chennai at the earliest.
    Janani Natarajan

  85. please send me the account statement of my SBI magnum Tax Gain fund having folio No.12246989 as soon as possible,.
    Thanks

  86. Dear sir, kindly provide me details of sbi magnum tax gain scheme regular plan dividend.my folio no is 11067353.i want to know what is the current value?#o

  87. I need to know the current value of investments in SBI Magnum Tax Gain Scheme. Could you please confirm let me know as to where I could check in online

  88. Pl. send me the statement of account for Folio Number :13545986 of L018SBI-Magnum TaxGainScheme-Dividend

  89. Respected Sir,
    My folio number is 12091980 SBI MAGNAM TAX GAIN GROWTH.please advise me to sell the same.

  90. please send me the account statement( Installment 43/121 to 54/121) of my SBI magnum Tax Gain Scheme regular Plan folio No.12689441
    Thanks

  91. please send me the account statement Installment 43/121 to 54/121 of my SBI magnum Tax Gain Scheme regular Plan folio No.12689441
    Thanks

  92. Kindly let me know the position of my investment made in sbi magnum tax Growth scheme on 27.03.2008 Rs.20000

  93. please send the details my account balance for filio no-12180131 of L018G sbi magnum tax gain on my email address.

  94. Sir, I had 1069.6 units under L018G SBI Magnum tax gain scheme Reg plan Growth which were redeemed in the year 2014-15. The amount which i received is tax free or I have to pay income tax on it

  95. send me the statement of account for Folio Number : 5249537of SBI-Magnum TaxGainScheme-Dividend

Leave a Reply

Your email address will not be published. Required fields are marked *