|Min SIP Amount||₹1000|
|NAV||₹1714.92 (08 Jul 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹9,848 Cr|
|Indusind Bank Ltd.||Financial||CD||7.1%|
|Reserve Bank of India||Financial||T-Bills||7.1%|
|Power Finance Corpn. Ltd.||Financial||Bonds/NCD||4.4%|
|Housing Development Finance Corpn. Ltd.||Financial||Debenture||3.9%|
|Union Bank of India||Financial||CD||3.5%|
|Muthoot Finance Ltd.||Financial||Debenture||3.0%|
|Indusind Bank Ltd.||Financial||CD||3.0%|
|Axis Bank Ltd.||Financial||CD||3.0%|
|LIC Housing Finance Ltd.||Financial||CP||3.0%|
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 ₹9,848 Cr and the Latest NAV as of 08 Jul 2020 is ₹1714.92.
The SBI Magnum Ultra Short Duration Fund Direct Dividend Daily is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
To provide the investors an opportunity to earn returns through investment in debt & money market securities, while having the benefit of a very high degree of liquidity to meet unexpected needs of cash.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.