|Min SIP Amount||₹500|
|NAV||₹114.06 (19 Apr 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹4,887 Cr|
|Cholamandalam Investment & Finance Co. Ltd.||Financial||Equity||6.6%|
|Sheela Foam Ltd.||Textiles||Equity||6.3%|
|Godrej Properties Ltd.||Construction||Equity||5.2%|
|JK Cement Ltd||Construction||Equity||4.3%|
|Carborundum Universal Ltd.||Metals||Equity||4.2%|
|Page Industries Ltd.||Textiles||Equity||4.0%|
|The Ramco Cements Ltd.||Construction||Equity||3.5%|
|Gujarat State Petronet Ltd.||Energy||Equity||3.5%|
|PI Industries Ltd.||Chemicals||Equity||3.4%|
SBI Magnum Mid Cap Direct Plan Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Sohini Andani is the Current Fund Manager of SBI Magnum Mid Cap Direct Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹4,887 Cr and the Latest NAV as of 19 Apr 2021 is ₹114.06.
The SBI Magnum Mid Cap Direct Plan Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year
The scheme aims to provide investors with opportunities for long term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well-diversified basket of equity stocks of Midcap companies.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.