SBI Magnum MultiCap Fund Direct Dividend is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 07 Jan 2013. Anup Upadhyay is the Current Fund Manager of SBI Magnum MultiCap Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹8,334 Cr and the Latest NAV as of 21 Nov 2019 is ₹26.91.
The SBI Magnum MultiCap Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 1000. Exit load of 0.10% if redeemed within 30 days..
To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum, debt and money market instruments.
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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 0.10% if redeemed within 30 days.