Should I invest in SBI MAGNUM TAXGAIN SCHEME 1993?

We don't give personal investment advice. SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH 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: 17.0%. 5-year CAGR: 16.30%.

SBI

SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH

Latest NAV

₹421.6519

As of

3 Jun 2026

4,685 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	+0.25%	-2.11%	+2.36	28 / 90	Q2
1W	-1.50%	-4.12%	+2.62	45 / 87	Q3
2W	+0.07%	-3.75%	+3.82	27 / 87	Q2
1M	-1.46%	-5.60%	+4.14	41 / 87	Q2
3M	-3.71%	-5.40%	+1.68	58 / 87	Q3
6M	-6.01%	-3.98%	-2.03	50 / 89	Q3
YTD	-6.94%	-5.20%	-1.74	56 / 89	Q3
1Y	-2.20%	+1.41%	-3.60	44 / 87	Q3
2Y	+1.97%	-0.15%	+2.11	34 / 86	Q2
3Y	+18.47%	+6.12%	+12.35	3 / 81	Q1
4Y	+19.01%	+7.91%	+11.11	3 / 78	Q1
5Y	+16.30%	+6.94%	+9.35	3 / 77	Q1
7Y	+16.35%	+8.75%	+7.59	6 / 75	Q1
10Y	+14.24%	+8.10%	+6.13	12 / 69	Q1
Inception	+12.44%	+5.86%	+6.58	17 / 91	Q1

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	-6.94%	-7.12%	+0.18	22 / 47
2025	+6.51%	+1.54%	+4.97	9 / 47
2024	+27.17%	+18.17%	+9.00	6 / 47
2023	+39.65%	+23.46%	+16.20	1 / 49
2022	+6.93%	+0.75%	+6.18	7 / 52
2021	+30.24%	+28.91%	+1.33	26 / 54
2020	+18.51%	+11.40%	+7.11	13 / 56
2019	+3.65%	+2.03%	+1.62	30 / 59
2018	-7.93%	-9.68%	+1.75	28 / 61
2017	+31.94%	+29.95%	+1.99	33 / 65
2016	+1.54%	-0.31%	+1.85	33 / 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

+15.25%

221 windows

min -57.0% · max 91.6%

77% positive

3-Year rolling

+14.33%

196 windows

min -7.7% · max 30.5%

95% positive

5-Year rolling

+13.84%

172 windows

min -2.9% · max 29.3%

98% positive

7-Year rolling

+13.42%

148 windows

min 6.3% · max 21.4%

100% 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

13.90%

3-year · annualised

Sharpe ratio

0.83

vs risk-free 6.5%

Sortino ratio

1.38

Downside-only deviation

Max drawdown

-16.13%

Sep 2024 → Apr 2025

% positive months

75.0%

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	₹63.5390	3 Jun 2026
NIPPON INDIA ELSS TAX SAVER FUND - ANNUAL IDCW Option	Nippon India	₹19.9775	3 Jun 2026
SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND	SBI	₹85.4857	3 Jun 2026
ICICI Prudential Long Term Wealth Enhancement Fund - IDCW Option	ICICI Prudential	₹27.4000	3 Jun 2026
Quantum Tax Saving Fund - Dividend	Quantum	₹121.5100	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund - IDCW Payout	Motilal Oswal	₹29.6508	3 Jun 2026
Franklin India Taxshield-Dividend	Franklin Templeton	₹57.8774	3 Jun 2026
Kotak Tax Saver-Scheme-Dividend	Kotak Mahindra	₹41.1340	3 Jun 2026
EDELWEISS ELSS FUND - Dividend Option	Edelweiss	₹29.5000	3 Jun 2026
DSP BlackRock Tax Saver Fund - Dividend	DSP BlackRock	₹21.1600	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹421.6519
2 Jun 2026	₹422.7350
1 Jun 2026	₹421.6904
31 May 2026	₹424.6406
29 May 2026	₹424.6746
27 May 2026	₹429.5059
26 May 2026	₹429.1763
25 May 2026	₹429.9520
22 May 2026	₹425.8925
21 May 2026	₹423.9055

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 03 Jun 2026, the NAV of SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH is ₹421.6519. 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 - GROWTH has NAV history starting from 07 May 2007, a track record of about 19 years. 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 - GROWTH 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 - GROWTH has delivered a absolute return of -2.20% — -3.6 pp behind the ELSS category average of 1.41%. The fund ranks #44 of 87 in its category — the third (Q3) quartile.

Over the trailing 3-year window, SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH has delivered a CAGR of 18.47% — +12.35 pp ahead of the ELSS category average of 6.12%. The fund ranks #3 of 81 in its category — the top (Q1) quartile.

Over the trailing 5-year window, SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH has delivered a CAGR of 16.30% — +9.35 pp ahead of the ELSS category average of 6.94%. The fund ranks #3 of 77 in its category — the top (Q1) quartile.

₹1 lakh invested in SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH exactly 10 years ago would be worth approximately ₹378,515 today — a multiplier of 3.79×, based on the 10-year CAGR of 14.24%. The category average over the same window would have grown ₹1 lakh to ₹217,976.

A ₹10,000 monthly SIP in SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH over the last 5 years — total invested ₹600,000 — would be worth ₹855,527 today. That's an XIRR (money-weighted annualised return) of 14.15%.

A ₹10,000 monthly SIP for 10 years in SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH = ₹1,200,000 invested. It would currently be worth ₹2,717,690 (multiplier 2.26×). XIRR: 15.60%. 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 - GROWTH ranks #3 out of 77 funds in the ELSS category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 6.94%; this fund delivered 16.30%.

The worst peak-to-trough decline SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH has experienced over the last 5-year window is 16.98% — 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 - GROWTH averaged 13.84% (best 29.30%, worst -2.85%). 98% of rolling windows ended positive. The 5-year Sharpe ratio is 0.70 — reasonable risk-adjusted performance.

In calendar year 2025, SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH returned 6.51% — beating the ELSS category average of 1.54% by 4.97 pp. It ranked #9 of 47 in its category that year.

SBI MAGNUM TAXGAIN SCHEME 1993 - GROWTH 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 - GROWTH 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: 17.0%. 5-year CAGR: 16.30%.

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