SBI ELSS or Equity Linked Savings Schemes are designed to help you save taxes whilst providing the benefits of equity markets investments. This was also the main objective of introduction of an ELSS in the markets by SBI (State Bank of India) and other financial institutions. The lock in period for SBI Mutual Fund ELSS is 3 years with operations similar to other equity-diversified schemes.
SBI ELSS Mutual Fund - SBI Magnum Tax Gain invests more than 80% in equity and equity instruments and derivatives. Though SBIMF does not promise assured returns but the past SBI ELSS NAV shows 133 % returns in a year and 87% in 3-year period along with high dividends. This has proven the structural competency of SBI ELSS that tend to provide decent capital appreciation with an added advantage of tax gains on the tax free dividends.
Current industry position reads 32 less available with 20 open-ended schemes and 12 close-ended ones. SBI Magnum Tax Gain is the highest gainer among these. The minimum application amount for SBI MF ELSS is Rs. 500 and further multiples with dividend option along with payout and reinvestment facility. For further information regarding the entry or exit load in SIP or STP, the online application procedure and the terms and conditioned laid down by State Bank of India , you can directly refer to their website mentioned below. For information regarding other SBI Mutual Funds and other banking products and services by State Bank of India, browse through our subsequent pages on each. Website:http://www.sbimf.com/portal/static/index.html
SBI Mutual Fund ELSS 
