SBI Tax Advantage Fund-Series III-Direct (IDCW)
ELSSNAV
63.58(0.02%)Fund Size (CR)
₹33.26Expense Ratio
1.76Scheme Type
Active FundValue Research
-
Min. investment
₹500Minimum Additional Investment
₹500Minimum SIP Investment
₹undefinedMinimum Withdrawal
₹0Exit Load
0%Return Since Launch
-
- 3M
- 6M
- 1Y
- 3Y
- All
Basic Details
Scheme Manager
R Srinivasan
Bench Mark
BSE 500 TRI
Type
CLOSE
Lumpsum Returns
| Period Invested For | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
|---|---|---|---|---|---|---|
| 1 Week | - | - | - | - | - | -/- |
| 1 Month | - | - | - | - | - | -/- |
| 3 Month | - | - | - | - | - | -/- |
| 6 Month | - | - | - | - | - | -/- |
| 1 Year | - | - | - | - | - | -/- |
| 3 Year | - | - | - | - | - | -/- |
| 5 Year | - | - | - | - | - | -/- |
| Since Inception | - | - | - | - | - | -/- |
Note: Lumpsum Returns since Inception Date.
SIP Returns
| Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | 3 April 2023 | 1,20,000 | 165328.80 | 37.77% | 37.77% |
| 3 Year | 1 April 2021 | 3,60,000 | 576023.06 | 60.01% | 16.96% |
| 5 Year | 1 April 2019 | 6,00,000 | 1401955.05 | 133.66% | 18.50% |
| 10 Year | 4 April 2014 | 12,00,000 | 4213767.98 | 251.15% | 13.38% |
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
Mutual Funds Calculator
- Investment type
- Scheme based
- SIP
- Lumpsum
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
-
Standard Deviation
-
Beta
-
Sharpe Ratio
-
Treynor's Ratio
-
Jension's Alpha
Asset Allocation
Sector Allocation
Top 10 stock holding in portfolio
| Stock Invested in | % of Total Holdings | Quantity | Value (Cr) | Asset Type | Segment |
|---|
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| SBI Tax Advantage Fund-Series III-Direct (IDCW) | 33.26 | - | - | - | - | - | |
| Motilal Oswal ELSS Tax Saver Fund-Dir (IDCW) | 4186.93 | 3.08% | 1.24% | 14.69% | 48.32% | 29.04% | |
| Motilal Oswal ELSS Tax Saver Fund-Dir (G) | 4186.93 | 3.08% | 1.24% | 14.69% | 48.32% | 29.04% | |
| SBI Long Term Advantage Fund - Series V -Dir (G) | 369.13 | -0.71% | -1.23% | 14.03% | 43.06% | 20.04% | |
| SBI Long Term Advantage Fund-Series V -Dir (IDCW) | 369.13 | -0.71% | -1.23% | 14.03% | 43.06% | 20.04% | |
| HSBC Tax Saver Equity Fund - Direct (G) | 260.16 | 0.74% | 1.61% | 11.59% | 33.87% | 20.18% |
News
SBI Mutual Fund announces change in Exit Load Structure
SBI Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 19 December 2024Change in Exit Load:
Name of the Scheme Existing Exit Load Structure Revised Exit Load Structure SBI Long Duration Fund For exit on or before 90 days from the date of allotment-0.25%
For exit after 90 days from the date of allotment - NILNIL Powered by Capital Market - Live News
SBI Mutual Fund launches quant fund
SBI Mutual Fund (MF) has introduced the SBI Quant Fund, a new equity investment scheme that employs a rule-based, multi-factor approach to portfolio management. The fund leverages momentum, value, quality, and growth factors to build a diversified investment strategy, guided by the fund house's proprietary quantitative model.This open-ended equity scheme, benchmarked against the BSE 200 Total Return Index (TRI), is open for subscription until December 18, 2024. Post this period, it will reopen for continuous sale and redemption within five business days after the allotment date.
The SBI Quant Fund requires a minimum initial investment of Rs 5,000, with additional investments allowed in multiples of Re 1. For subsequent purchases, the minimum amount is set at Rs 1,000, also in multiples of Re 1. Investors can redeem or switch out units with a minimum value of Rs 500, or one unit, whichever is lower.
An exit load of 0.5% applies if units are redeemed within six months of allotment, while no charge applies after six months. The fund house emphasized the advantages of a multi-factor strategy over single-factor funds, highlighting its ability to provide diversification, reduce downside risks, and deliver higher risk-adjusted returns.
The scheme's investment allocation includes 80-100% in equity and equity-related instruments selected through its quantitative model. It may also invest up to 20% in other equity instruments, debt securities, or money market instruments, and up to 10% in units issued by REITs and InvITs.
The SBI Quant Fund employs a dynamic allocation model that adjusts weights across the four factors'momentum, value, quality, and growth'based on their relative performance. Overperforming factors receive higher weightage, capped at 35%, while underperforming factors trigger rebalancing if their weight falls below -8%.
The fund's strategy incorporates four key factors: Momentum, which focuses on short- and long-term price performance; Value, identified through low valuation metrics; Quality, characterized by stocks with high return on equity (ROE), consistent earnings growth, and low leverage; and Growth, targeting companies with robust earnings growth and upgrades.
The fund's algorithm aims to reduce volatility, smooth out cyclical returns, and mitigate behavioural biases through its systematic approach.
SBI MF described the fund as an ideal choice for investors seeking exposure to India's growth story through a disciplined, data-driven investment framework. Multi-factor investing combines various factors to smooth out the cyclicality of returns and minimize biases. This fund aims to integrate established equity factors for optimal risk-adjusted returns, making it a compelling choice for long-term investors.
Powered by Capital Market - Live News
SBI Mutual Fund announces change in Key Personnel
SBI Mutual Fund has announced that Mr. Nand Kishore has been appointed as a Managing Director & CEO on the Board of SBI Management Company Ltd. effective November 23, 2024.Details of Mr. Nand Kishore
Age: 58 years
Designation: (Managing Director & CEO)
Qualification: B.A, CAIIB
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Fund House Details & Investment Objective
Date of Incorporation
28 December 2013
Total AUM (Cr)
₹33.26
SBI Tax Advantage Fund-Series III-Direct (IDCW) is an ELSS-oriented fund from the renowned AMC, SBI Mutual Fund. Launched in 28 December 2013, this fund is managed by R Srinivasan. With assets under management (AUM) worth ₹33.26 (Cr), as of 27 March 2024, SBI Tax Advantage Fund-Series III-Direct (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of undefined% since its launch.
The current NAV of SBI Tax Advantage Fund-Series III-Direct (IDCW) is ₹63.58, as on 27 March 2024. The fund's benchmark index is BSE 500 TRI. You can invest in SBI Tax Advantage Fund-Series III-Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is - while the minimum lumpsum investment is ₹500.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated - and - CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments .
The top 5 sectors the fund invests in are: 41.25% in Debt, 21.84% in Banks, 9.79% in Finance, 6.76% in Telecom-Services, 5.18% in Petroleum Products
FAQs
How to Invest in SBI Tax Advantage Fund-Series III-Direct (IDCW) Direct Growth?
SBI Tax Advantage Fund-Series III-Direct (IDCW) is a popular fund in the ELSS segment. The fund has generated a return of undefined% since inception. Looking to invest in SBI Tax Advantage Fund-Series III-Direct (IDCW) How about earning 1% extra return? All this is possible with m.Stock! Investing in SBI Tax Advantage Fund-Series III-Direct (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, SBI Tax Advantage Fund-Series III-Direct (IDCW)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in SBI Tax Advantage Fund-Series III-Direct (IDCW) today and reap the benefits of this ELSS fund!
How much returns has SBI Tax Advantage Fund-Series III-Direct (IDCW) Direct Growth generated?
What is the expense ratio of SBI Tax Advantage Fund-Series III-Direct (IDCW) Direct Growth?
What is the AUM of SBI Tax Advantage Fund-Series III-Direct (IDCW) Fund Direct Growth?
How to redeem or withdraw money from SBI Tax Advantage Fund-Series III-Direct (IDCW) Direct Growth?
Redeeming or selling units of SBI Tax Advantage Fund-Series III-Direct (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from SBI Tax Advantage Fund-Series III-Direct (IDCW):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case SBI Tax Advantage Fund-Series III-Direct (IDCW)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).