|Risk||Low to Moderate|
|Min SIP Amount||₹500|
|NAV||₹1777.40 (17 Jun 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹12,864 Cr|
|National Housing Bank||Financial||CP||6.5%|
|Reserve Bank of India||Financial||T-Bills||5.7%|
|Housing Development Finance Corpn. Ltd.||Financial||CP||3.8%|
|Ultratech Cement Ltd.||Construction||CP||3.8%|
|Power Finance Corpn. Ltd.||Financial||CP||3.1%|
|Mahindra & Mahindra Financial Services Ltd.||Financial||Debenture||3.0%|
|Export-Import Bank Of India||Financial||CD||2.9%|
SBI Magnum Ultra Short Duration Fund Direct IDCW Daily is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Ultra Short Duration Fund Direct IDCW Daily fund.The fund currently has an Asset Under Management(AUM) of ₹12,864 Cr and the Latest NAV as of 17 Jun 2021 is ₹1777.40.
The SBI Magnum Ultra Short Duration Fund Direct IDCW Daily is rated Low to Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The scheme seeks to provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.