|Min SIP Amount||Not Supported|
|NAV||₹16.19 (23 Nov 2020)|
|Fund Started||02 Jan 2013|
|Fund Size||₹1,587 Cr|
|L&T Metro Rail (Hyderabad) Ltd.||Construction||Debenture||6.5%|
|Embassy Office Parks REIT||Construction||NCD||4.5%|
|Coastal Gujarat Power Ltd.||Engineering||Debenture||3.9%|
|L&T Ahmedabad Maliya Tollway Ltd.||Services||SO||3.8%|
|Cholamandalam Investment & Finance Co. Ltd.||Financial||Debenture||3.3%|
SBI Magnum Income Direct Plan Dividend Half Yearly 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 Income Direct Plan Dividend Half Yearly fund.The fund currently has an Asset Under Management(AUM) of ₹1,587 Cr and the Latest NAV as of 23 Nov 2020 is ₹16.19.
The SBI Magnum Income Direct Plan Dividend Half Yearly is rated Moderate risk. Minimum SIP Investment is set to 500. 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.