|Min SIP Amount||₹500|
|NAV||₹1737.52 (23 Oct 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹10,122 Cr|
|Reserve Bank of India||Financial||T-Bills||4.8%|
|Reserve Bank of India||Financial||T-Bills||3.9%|
|Power Finance Corpn. Ltd.||Financial||CP||3.8%|
|Housing Development Finance Corpn. Ltd.||Financial||Debenture||3.7%|
|NLC India Ltd.||Energy||CP||3.7%|
|Mahindra & Mahindra Financial Services Ltd.||Financial||Debenture||3.7%|
|Export-Import Bank Of India||Financial||CD||3.6%|
|Reserve Bank of India||Financial||T-Bills||3.4%|
|Union Bank of India||Financial||CD||3.4%|
SBI Magnum Ultra Short Duration Fund Direct Dividend 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 Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹10,122 Cr and the Latest NAV as of 23 Oct 2020 is ₹1737.52.
The SBI Magnum Ultra Short Duration Fund Direct Dividend Daily is rated Low 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.