SBI Magnum Global 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 Global Direct Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹3,449 Cr and the Latest NAV as of 13 Sep 2019 is ₹172.36.
The SBI Magnum Global Direct Plan Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 12 months..
Investment Objective
The Objective of the Scheme is to provide investors with maximum growth opportunity.
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)
₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 1% if redeemed within 12 months.
Exit Load