|Risk||Low to Moderate|
|Min SIP Amount||₹500|
|NAV||₹4738.60 (12 May 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹12,342 Cr|
|Cholamandalam Investment & Finance Co. Ltd.||Financial||CP||5.5%|
|Housing Development Finance Corpn. Ltd.||Financial||CP||5.4%|
|Power Finance Corpn. Ltd.||Financial||CP||4.4%|
|Mahindra & Mahindra Financial Services Ltd.||Financial||Debenture||4.3%|
|Export-Import Bank Of India||Financial||CD||4.1%|
|Export-Import Bank Of India||Financial||CD||3.9%|
|Madhya Pradesh State||Others||SDL||3.3%|
SBI Magnum Ultra Short Duration Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹12,342 Cr and the Latest NAV as of 12 May 2021 is ₹4738.60.
The SBI Magnum Ultra Short Duration Fund Direct Growth 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.