|Min SIP Amount||₹500|
|NAV||₹4602.06 (07 Aug 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹9,750 Cr|
|Reserve Bank of India||Financial||T-Bills||10.2%|
|Reserve Bank of India||Financial||T-Bills||7.2%|
|Power Finance Corpn. Ltd.||Financial||Bonds/NCD||4.4%|
|Housing Development Finance Corpn. Ltd.||Financial||Debenture||3.9%|
|Export-Import Bank Of India||Financial||CD||3.7%|
|Union Bank of India||Financial||CD||3.5%|
|Nabha Power Ltd.||Engineering||CP||3.0%|
|Axis Bank Ltd.||Financial||CD||3.0%|
|LIC Housing Finance Ltd.||Financial||CP||3.0%|
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 ₹9,750 Cr and the Latest NAV as of 07 Aug 2020 is ₹4602.06.
The SBI Magnum Ultra Short Duration Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 500. 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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.