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 ₹2,351 Cr and the Latest NAV as of 16 Sep 2019 is ₹107.62.
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.
Investment Objective
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.
Tax Implications
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)
₹1000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 1% if redeemed within 1 year
Exit Load