SBI Magnum Ultra Short Duration Fund Direct Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Ultra Short Duration Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹10,925 Cr and the Latest NAV as of 11 Nov 2019 is ₹4375.69.
The SBI Magnum Ultra Short Duration Fund Direct Growth is rated Low risk. Minimum SIP Investment is 5000. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
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.
Tax Implications
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)
₹5000
Min for First Investment
₹1000
Min for Second Investment