Comments on: SBI Magnum Taxgain Scheme 1993 dividend for 2009 has been announced by SBI MF

By: onlinemutualfund

onlinemutualfund — Sat, 17 Mar 2012 09:45:23 +0000

@Sudesh,

Firstly, you need to have asked for the SOA atleast once a year. Not after 5 long yrs. Your dividend money belongs to you and not the Fund. Many funds transfer the dividend proceeds as direct credit to the bank account of their investors. Check your bank account with the corresponding dates of the 3 dividends i.e 2009, 2010, 2011. If you do not have received your money in your bank, kindly post your query here again.
Happy Investing.
OMF

By: sudesh kheterpal

sudesh kheterpal — Tue, 06 Mar 2012 20:47:40 +0000

Sir,
After 5 years, I have asked for SOA and have found that 3 dividends are paid out but I have received no cheque in last 3 years…It mentions 2009, 2010 and 2011..I have two folios and in both dividends are paid thrice but I have received no cheque so far.Why?

By: pankaj

pankaj — Tue, 13 Dec 2011 06:24:51 +0000

sir !
i took 100 units of sbi mf magnum tax gain (growth) about 3 years ago. what will be the present worth and how will i cell/gain the current value ? actually i dont know the exact process. please suggest me.

thanks n regards

pankaj

By: onlinemutualfund

onlinemutualfund — Mon, 19 Sep 2011 13:20:54 +0000

@Kranthikumar.

You can withdraw your entire corpus only after Dec 2011, since your last SIP was in Dec 2008.
Traditionally, investors in such schemes like SBI Magnum TaxGain are better off opting for Dividend option as volatile stock markets erode gains made by opting for Growth.
You should wait until Dec 2011 then analyse the scheme performance along with your profile and needs to HOLD or EXIT the scheme.

OMF.

By: kranthikumar

kranthikumar — Sun, 18 Sep 2011 14:44:21 +0000

shall we can continue in sbi magnum tax gain scheme -growth 93.we have invested 11,000 through sip upto dec 2008.Is the fund performance good?