A soft magnetic alloy comprising a main component having a compositional formula of ((Fe(1−(α+β))X1αX2β)(1−(a+b+c))MaBbCrc)1−dCd, and a sub component including P, S and Ti, wherein X1 is selected from the group Co and Ni, X2 is selected from the group Al, Mn, Ag, Zn, Sn, As, Sb, Bi and rare earth elements, “M” is selected from the group Nb, Hf, Zr, Ta, Mo, W and V, 0.030≤a≤0.14, 0.005≤b≤0.20, 0