Should I invest in SBI MAGNUM TAXGAIN SCHEME 1993?

We don't give personal investment advice. SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 24.7%. 5-year CAGR: 10.93%.

SBI

SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND

Latest NAV

₹86.2155

As of

12 Jun 2026

4,960 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.37%	-2.25%	+1.88	52 / 90	Q3
1W	-1.28%	-3.78%	+2.50	59 / 87	Q3
2W	-2.98%	-5.05%	+2.07	61 / 87	Q3
1M	-0.81%	-5.07%	+4.27	46 / 87	Q3
3M	0.00%	-3.98%	+3.98	44 / 87	Q3
6M	-6.59%	-4.04%	-2.55	56 / 89	Q3
YTD	-8.27%	-5.67%	-2.59	59 / 89	Q3
1Y	-5.48%	-0.05%	-5.42	49 / 87	Q3
2Y	+0.87%	-0.56%	+1.43	40 / 86	Q2
3Y	+17.06%	+5.71%	+11.35	2 / 81	Q1
4Y	+16.61%	+8.51%	+8.10	11 / 78	Q1
5Y	+10.93%	+6.65%	+4.28	37 / 77	Q2
7Y	+11.49%	+8.79%	+2.69	33 / 75	Q2
10Y	+7.87%	+8.07%	-0.21	44 / 69	Q3
Inception	+2.94%	+5.82%	-2.88	75 / 91	Q4

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-8.27%	-8.03%	-0.24	24 / 47
2025	+6.51%	+1.54%	+4.97	8 / 47
2024	+27.17%	+18.17%	+9.00	5 / 47
2023	+25.51%	+23.46%	+2.05	23 / 49
2022	-3.02%	+0.75%	-3.77	39 / 52
2021	+30.24%	+28.91%	+1.33	25 / 54
2020	+7.50%	+11.40%	-3.90	40 / 56
2019	-4.86%	+2.03%	-6.89	53 / 59
2018	-16.05%	-9.68%	-6.37	48 / 61
2017	+20.24%	+29.95%	-9.72	56 / 65
2016	-8.50%	-0.31%	-8.19	62 / 70

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+6.37%

234 windows

min -64.4% · max 79.2%

53% positive

3-Year rolling

+4.23%

210 windows

min -16.7% · max 25.8%

59% positive

5-Year rolling

+3.55%

186 windows

min -11.4% · max 26.0%

71% positive

7-Year rolling

+3.01%

161 windows

min -7.1% · max 12.7%

80% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

12.58%

3-year · annualised

Sharpe ratio

0.81

vs risk-free 6.5%

Sortino ratio

1.53

Downside-only deviation

Max drawdown

-16.13%

Sep 2024 → Apr 2025

% positive months

72.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in ELSS

Scheme	Fund house	NAV	As of
HDFC TaxSaver-Dividend Plan	HDFC	₹64.6410	12 Jun 2026
NIPPON INDIA ELSS TAX SAVER FUND - ANNUAL IDCW Option	Nippon India	₹20.0856	12 Jun 2026
SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH	SBI	₹425.2517	12 Jun 2026
ICICI Prudential Long Term Wealth Enhancement Fund - IDCW Option	ICICI Prudential	₹27.5500	12 Jun 2026
Quantum Tax Saving Fund - Dividend	Quantum	₹121.7100	12 Jun 2026
Motilal Oswal ELSS Tax Saver Fund - IDCW Payout	Motilal Oswal	₹29.7361	12 Jun 2026
Franklin India Taxshield-Dividend	Franklin Templeton	₹58.5429	12 Jun 2026
Kotak Tax Saver-Scheme-Dividend	Kotak Mahindra	₹41.8410	12 Jun 2026
EDELWEISS ELSS FUND - Dividend Option	Edelweiss	₹29.6100	12 Jun 2026
DSP BlackRock Tax Saver Fund - Dividend	DSP BlackRock	₹21.6190	12 Jun 2026

Recent NAVs

Date	NAV
12 Jun 2026	₹86.2155
11 Jun 2026	₹84.4851
10 Jun 2026	₹84.7997
9 Jun 2026	₹85.1648
8 Jun 2026	₹84.6252
5 Jun 2026	₹85.5908
4 Jun 2026	₹85.5838
3 Jun 2026	₹85.4857
2 Jun 2026	₹85.7053
1 Jun 2026	₹85.4935

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 12 Jun 2026, the NAV of SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND is ₹86.2155. It's a ELSS from SBI, run as a Unknown plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND has NAV history starting from 03 Apr 2006, a track record of about 20 years 2 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND is managed by SBI. It's classified by AMFI under the 'ELSS' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND has delivered a absolute return of -5.48% — -5.42 pp behind the ELSS category average of -0.05%. The fund ranks #49 of 87 in its category — the third (Q3) quartile.

Over the trailing 3-year window, SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND has delivered a CAGR of 17.06% — +11.35 pp ahead of the ELSS category average of 5.71%. The fund ranks #2 of 81 in its category — the top (Q1) quartile.

Over the trailing 5-year window, SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND has delivered a CAGR of 10.93% — +4.28 pp ahead of the ELSS category average of 6.65%. The fund ranks #37 of 77 in its category — the second (Q2) quartile.

₹1 lakh invested in SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND exactly 10 years ago would be worth approximately ₹213,233 today — a multiplier of 2.13×, based on the 10-year CAGR of 7.87%. The category average over the same window would have grown ₹1 lakh to ₹217,324.

A ₹10,000 monthly SIP in SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND over the last 5 years — total invested ₹600,000 — would be worth ₹780,335 today. That's an XIRR (money-weighted annualised return) of 10.44%.

A ₹10,000 monthly SIP for 10 years in SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND = ₹1,200,000 invested. It would currently be worth ₹2,042,096 (multiplier 1.70×). XIRR: 10.25%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND ranks #37 out of 77 funds in the ELSS category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 6.65%; this fund delivered 10.93%.

The worst peak-to-trough decline SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND has experienced over the last 5-year window is 24.71% — its NAV fell from a high on 12 Nov 2021 to a low on 20 Jun 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND averaged 3.55% (best 25.99%, worst -11.43%). 71% of rolling windows ended positive. The 5-year Sharpe ratio is 0.35 — weak risk-adjusted performance.

In calendar year 2025, SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND returned 6.51% — beating the ELSS category average of 1.54% by 4.97 pp. It ranked #8 of 47 in its category that year.

SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 24.7%. 5-year CAGR: 10.93%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.