|Min SIP Amount||₹500|
|NAV||₹57.64 (15 Apr 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹1,711 Cr|
|Cholamandalam Investment & Finance Co. Ltd.||Financial||Debenture||3.0%|
|Mahanagar Telephone Nigam Ltd.||Communication||Debenture||0.9%|
SBI Magnum Income Direct Plan Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Dinesh Ahuja is the Current Fund Manager of SBI Magnum Income Direct Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,711 Cr and the Latest NAV as of 15 Apr 2021 is ₹57.64.
The SBI Magnum Income Direct Plan Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year
The scheme seeks to provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.