|Min SIP Amount||Not Supported|
|NAV||₹16.09 (06 Aug 2020)|
|Fund Started||14 Mar 2013|
|Fund Size||₹1,342 Cr|
|L&T Metro Rail (Hyderabad) Ltd.||Construction||Debenture||7.5%|
|Embassy Office Parks REIT||Construction||NCD||5.0%|
|L&T Ahmedabad Maliya Tollway Ltd.||Services||SO||4.4%|
|Power Finance Corpn. Ltd.||Financial||Bonds/NCD||3.7%|
SBI Magnum Income Direct Plan Dividend Quarterly is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 14 Mar 2013. Dinesh Ahuja is the Current Fund Manager of SBI Magnum Income Direct Plan Dividend Quarterly fund.The fund currently has an Asset Under Management(AUM) of ₹1,342 Cr and the Latest NAV as of 06 Aug 2020 is ₹16.09.
The SBI Magnum Income Direct Plan Dividend Quarterly 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 objective of the scheme is to provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.