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: 11.75%.

SBI

SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND

Latest NAV

₹89.3173

As of

17 Jul 2026

4,984 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	+0.35%	-1.95%	+2.30	33 / 90	Q2
1W	+0.13%	-3.22%	+3.35	36 / 87	Q2
2W	+0.43%	-3.57%	+4.00	32 / 87	Q2
1M	+2.01%	-3.98%	+5.99	22 / 87	Q2
3M	+2.08%	-3.29%	+5.37	40 / 87	Q2
6M	-1.32%	-1.04%	-0.28	52 / 89	Q3
YTD	-3.02%	-3.07%	+0.05	43 / 89	Q2
1Y	-0.91%	+2.32%	-3.23	48 / 87	Q3
2Y	+0.78%	-0.75%	+1.53	38 / 86	Q2
3Y	+16.75%	+5.77%	+10.97	4 / 81	Q1
4Y	+16.67%	+8.62%	+8.05	9 / 78	Q1
5Y	+11.75%	+7.06%	+4.69	30 / 77	Q2
7Y	+12.93%	+9.74%	+3.18	29 / 75	Q2
10Y	+7.91%	+8.09%	-0.18	44 / 69	Q3
Inception	+3.21%	+5.96%	-2.75	73 / 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	-3.02%	-3.09%	+0.07	23 / 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

+6.43%

236 windows

min -63.6% · max 81.4%

53% positive

3-Year rolling

+4.41%

211 windows

min -16.2% · max 25.1%

58% positive

5-Year rolling

+3.64%

187 windows

min -12.3% · max 27.6%

71% positive

7-Year rolling

+3.09%

163 windows

min -6.9% · max 13.0%

81% 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

12.69%

3-year · annualised

Sharpe ratio

0.78

vs risk-free 6.5%

Sortino ratio

1.39

Downside-only deviation

Max drawdown

-16.13%

Sep 2024 → Apr 2025

% positive months

69.4%

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	₹66.8780	17 Jul 2026
NIPPON INDIA ELSS TAX SAVER FUND - ANNUAL IDCW Option	Nippon India	₹20.5675	17 Jul 2026
SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH	SBI	₹440.5506	17 Jul 2026
ICICI Prudential Long Term Wealth Enhancement Fund - IDCW Option	ICICI Prudential	₹28.9500	17 Jul 2026
Quantum Tax Saving Fund - Dividend	Quantum	₹125.9300	17 Jul 2026
Motilal Oswal ELSS Tax Saver Fund - IDCW Payout	Motilal Oswal	₹30.3525	17 Jul 2026
Franklin India Taxshield-Dividend	Franklin Templeton	₹60.8511	17 Jul 2026
Kotak Tax Saver-Scheme-Dividend	Kotak Mahindra	₹43.8620	17 Jul 2026
EDELWEISS ELSS FUND - Dividend Option	Edelweiss	₹30.8300	17 Jul 2026
DSP BlackRock Tax Saver Fund - Dividend	DSP BlackRock	₹22.3070	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹89.3173
16 Jul 2026	₹89.0074
15 Jul 2026	₹89.0553
14 Jul 2026	₹88.8221
13 Jul 2026	₹89.3750
10 Jul 2026	₹89.1975
9 Jul 2026	₹88.1928
8 Jul 2026	₹87.6158
7 Jul 2026	₹89.1984
6 Jul 2026	₹89.4035

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 17 Jul 2026, the NAV of SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND is ₹89.3173. 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 3 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 -0.91% — -3.23 pp behind the ELSS category average of 2.32%. The fund ranks #48 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 16.75% — +10.97 pp ahead of the ELSS category average of 5.77%. The fund ranks #4 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 11.75% — +4.69 pp ahead of the ELSS category average of 7.06%. The fund ranks #30 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 ₹214,019 today — a multiplier of 2.14×, based on the 10-year CAGR of 7.91%. The category average over the same window would have grown ₹1 lakh to ₹217,608.

A ₹10,000 monthly SIP in SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND over the last 5 years — total invested ₹600,000 — would be worth ₹817,211 today. That's an XIRR (money-weighted annualised return) of 12.31%.

A ₹10,000 monthly SIP for 10 years in SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND = ₹1,200,000 invested. It would currently be worth ₹2,149,351 (multiplier 1.79×). XIRR: 11.22%. 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 #30 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 7.06%; this fund delivered 11.75%.

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 3.64% (best 27.56%, worst -12.26%). 71% of rolling windows ended positive. The 5-year Sharpe ratio is 0.37 — 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: 11.75%.

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