Tax Planning and Wealth Creation invest in SBI Magnum Tax Gain Scheme 93

Tax woes often make life seem like a burden. Don’t we all just wish our hard earned money would be ours, to invest for the future, without worrying about tax? This is why SBI Mutual Fund presents Magnum Taxgain Scheme, an Equity Linked Saving Scheme, for investors who wish to address two critical issues: tax planning and wealth creation. It also owns the distinction of being one of the largest tax saving fund in the country with over 17 lakh* investors.

Scheme Highlights:
 An open ended ELSS with 3 years lock-in period
Minimum Application Amount – Rs. 500 & multiples of Rs. 500/-
Options – Growth & Dividend with Payout & Reinvestment facility
Asset Allocation - 80 % to 100 % in equity / cumulative convertible preference
shares / fully convertible debentures and bonds. 0-20% in Money Market Instruments

Invest through Systematic Investment Plan (SIP)
 Equity markets are known to be volatile and many investors have stayed away for fear of losing their money due to downturn in the markets. With SIP you can invest a small amount every month for a specific time period. Investors can take advantage of rupee-cost-averaging, wherein the effect of short-term volatility of the market is compensated effectively. Also starting early gives you the benefit of compounding for long term wealth creation.Start your SIP in Magnum Taxgain Scheme today and avoid the hassle of last minute tax planning.