The Hindu Business Line : Magnum Taxgain leads

SBI Magnum Taxgain, which had Rs 160 crore under management on June 30, has scored over its peers in the past one year, notching up a solid 151 per cent return during the period, far ahead of the segment average of 71.54 per cent.

According to figures put out by Value Research, the fund (which has BSE 100 as its benchmark) has delivered 81 per cent over the past three years. Return since inception (in March 1993) stands at 19.28 per cent.

"We have built a fairly diversified portfolio," said Mr Sandip Sabharwal, head of equity at SBI MF, referring to the fund's investments that are spread over sectors such as engineering, IT and metals.

In recent weeks, some of the top holdings of the fund have been Zee, Infosys, Praj Industries and Welspun Gujarat.

LIC MF's Tax Plan stands at the other end of the spectrum. Its one-year return is a mere 31.54 per cent.

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