|Min SIP Amount||₹500|
|NAV||₹52.53 (12 Apr 2021)|
|Fund Started||02 Jan 2013|
|Fund Size||₹3,699 Cr|
|Reserve Bank of India||Financial||T-Bills||10.8%|
|Reserve Bank of India||Financial||T-Bills||5.4%|
|Reserve Bank of India||Financial||T-Bills||3.4%|
SBI Magnum Gilt Fund Direct Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 02 Jan 2013. Dinesh Ahuja is the Current Fund Manager of SBI Magnum Gilt Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹3,699 Cr and the Latest NAV as of 12 Apr 2021 is ₹52.53.
The SBI Magnum Gilt Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The scheme aims to generate returns through investments in government securities. It will normally maintain an average maturity of more than three years.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.