SBI Magnum Ultra Short Duration Fund Regular Dividend Weekly is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 21 May 1999. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Ultra Short Duration Fund Regular Dividend Weekly.The fund currently has an Asset Under Management(AUM) of ₹8,447 Cr and the Latest NAV as of 16 Aug 2019 is ₹1078.0.
The SBI Magnum Ultra Short Duration Fund Regular Dividend Weekly is rated Low risk. Minimum SIP Investment is 500. 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 to meet unexpected needs of cash.
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