|Min SIP Amount||₹500|
|NAV||₹49.61 (28 Sep 2020)|
|Fund Started||02 Jan 2013|
|Fund Size||₹733 Cr|
SBI Magnum Constant Maturity 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 Constant Maturity Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹733 Cr and the Latest NAV as of 28 Sep 2020 is ₹49.61.
The SBI Magnum Constant Maturity Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The scheme seeks to provide returns to the investors generated through investments predominantly in Government securities issued by the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.