|Min SIP Amount||₹500|
|NAV||₹52.72 (07 Jul 2020)|
|Fund Started||25 Nov 1998|
|Fund Size||₹1,318 Cr|
|L&T Metro Rail (Hyderabad) Ltd.||Construction||Debenture||7.5%|
|Embassy Office Parks REIT||Construction||NCD||5.0%|
|Tata Power Co. Ltd.||Energy||Debenture||4.6%|
|L&T Ahmedabad Maliya Tollway Ltd.||Services||SO||4.5%|
|Power Finance Corpn. Ltd.||Financial||Bonds/NCD||3.7%|
|Tata Capital Housing Finance Ltd.||Financial||NCD||3.5%|
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 ₹1,318 Cr and the Latest NAV as of 07 Jul 2020 is ₹52.72.
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 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.