|Min SIP Amount||₹500|
|NAV||₹55.80 (23 Jul 2021)|
|Fund Started||25 Nov 1998|
|Fund Size||₹1,743 Cr|
|Reserve Bank of India||Financial||T-Bills||11.3%|
|Embassy Office Parks REIT||Construction||NCD||4.3%|
|Indian Bank||Financial||Additional Tier 2 Bo||4.1%|
|Tata Realty and Infrastructure Ltd.||Construction||Debenture||4.1%|
|Coastal Gujarat Power Ltd.||Engineering||Debenture||3.6%|
|L&T Ahmedabad Maliya Tollway Ltd.||Services||SO||3.4%|
|Mahindra Rural Housing Finance Ltd.||Financial||Debenture||3.4%|
|Aadhar Housing Finance Ltd.||Financial||Debenture||2.9%|
|Housing Development Finance Corpn. Ltd.||Financial||NCD||2.9%|
SBI Magnum Income Fund Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 25 Nov 1998. Dinesh Ahuja is the Current Fund Manager of SBI Magnum Income Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,743 Cr and the Latest NAV as of 23 Jul 2021 is ₹55.80.
The SBI Magnum Income Fund Growth is rated Moderate 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.