SBI Magnum Equity ESG Fund Direct Plan Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Rama Iyer Srinivasan is the Current Fund Manager of SBI Magnum Equity ESG Fund Direct Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹2,689 Cr and the Latest NAV as of 22 Jan 2020 is ₹120.02.
The SBI Magnum Equity ESG Fund Direct Plan Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 1000. Exit load of 1% if redeemed within 1 year.
To provide the investor Long-term capital appreciation by investing in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities and the balance in debt and money market instruments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 1 year