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My question is about SBI MAGNUM TAX GAIN MUTUAL FUND SCHEME 1993?

Is " SBI MAGNUM TAX GAIN MUTUAL FUND SCHEME 1993" 100% capital gauranteed?

SBI MUTUAL FUNDS MAGNUM TAX GAIN SCHEME IS AN ELSS SCHEME (EQUITY LINKED SAVINGS SCHEME).

IT IS NOT A CAPITAL GUARANTEE SCHEME. INVESTMENTS IN THIS SCHEME WOULD BE SUJECT TO LOCK-IN OF 3 YEARS FROM THE DATE OF INVESTMENT TO AVAIL SECTION 80 C BENEFITS.

ALL MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS.

IT IS ONE OF THE BEST ELSS SCHEMES WHICH HAS GIVEN 121.77% RETURNS FOR THE LAST 3 YEARS AND 19.63 % RETURNS SINCE INCEPTION.

Not only 100% capital guaranteed, but you can gain tax benefit up to Rs.1.0 lakh on your income. Mutual funds are subject to risk, which may be noted, as per the SEBI guidelines. (This is secret).

NO , it is not even 1% capital gauranteed, leave alone 100%,
and so are the other mutual fund scheems.if you are looking
for 100% capital guaranteed scheem then invest in RBI bonds.

There is no gurantee of return or capital.

But surely looking at the history for the past 14 years surely you can gauge about it being one of the best tax saving scheme around.

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