SBI Magnum Ultra Short Duration Fund Direct Dividend Weekly is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 17 Jan 2013. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Ultra Short Duration Fund Direct Dividend Weekly.The fund currently has an Asset Under Management(AUM) of ₹8,427 Cr and the Latest NAV as of 18 Oct 2019 is ₹1078.90.
The SBI Magnum Ultra Short Duration Fund Direct Dividend Weekly is rated Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment