| NAV: 05 Jul 2022 | ₹59.79 |
| Min. SIP amount | ₹500 |
| Rating | 5 |
| Fund size | ₹1,618.47Cr |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 2.3% | 7.5% | 7.2% | 8.1% |
| Category average | 3.0% | 7.4% | 6.6% | NA |
| Rank with in category | 5 | 1 | 1 | NA |
Holdings (29)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | GOI Sec | 20.6% |
| Tata Realty and Infrastructure Ltd. | Construction | Debenture | 4.3% |
| GOI | Sovereign | GOI Sec | 4.3% |
Indian Bank | Financial | Additional Tier 2 Bo | 4.2% |
| GOI | Sovereign | GOI Sec | 4.1% |
Coastal Gujarat Power Ltd. | Capital Goods | Debenture | 3.8% |
| Mahindra Rural Housing Finance Ltd. | Financial | Debenture | 3.7% |
| L&T Ahmedabad Maliya Tollway Ltd. | Services | SO | 3.7% |
| GOI | Sovereign | GOI Sec | 3.1% |
| Aadhar Housing Finance Ltd. | Financial | Debenture | 3.1% |
Pros and cons
Pros
Cons
Expense ratio, exit load and tax
Expense ratio: 0.80%
Inclusive of GST
Exit load
For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹500 |
Fund management
Dinesh AhujaJan 2013 - PresentView details
Fund house & investment objective
Fund house contact details
Compare funds
FAQs
How to Invest in SBI Magnum Income Direct Plan Growth?
You can easily invest in SBI Magnum Income Direct Plan Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:
- Log on to your Groww account
- Search for SBI Magnum Income Direct Plan Growth from the search box
- In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
- Once you are done with that, you can start investing in SBI Magnum Income Direct Plan Growth as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does SBI Magnum Income Direct Plan Growth provide?
The SBI Magnum Income Direct Plan Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 2.32% since its inception.
How much expense ratio is charged by SBI Magnum Income Direct Plan Growth?
The term
Expense Ratio used for SBI Magnum Income Direct Plan Growth or any other mutual fund is the annual
charges one needs to pay to the Mutual Fund company for managing your investments in that fund.
The Expense Ratio of SBI Magnum Income Direct Plan Growth is 0.80% as of 06 Jul 2022...
What is the AUM of SBI Magnum Income Direct Plan Growth?
The AUM, short for Assets Under Management of SBI Magnum Income Direct Plan Growth is ₹1,618.47Cr as of 06 Jul 2022.
How to Redeem SBI Magnum Income Direct Plan Growth?
If you want to sell your SBI Magnum Income Direct Plan Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.
Can I invest in SIP and Lump Sum of SBI Magnum Income Direct Plan Growth?
What is the NAV of SBI Magnum Income Direct Plan Growth?
The NAV of SBI Magnum Income Direct Plan Growth is ₹59.79 as of 05 Jul 2022.
