SBI Magnum Medium Duration Fund Direct Growth

SBI Magnum Medium Duration Fund Direct Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Dinesh Ahuja, Ruchit Mehta is the Current Fund Manager of SBI Magnum Medium Duration Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹8,23,520 Cr and the Latest NAV as of 22 Sep 2023 is ₹47.74. The SBI Magnum Medium Duration Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. For units in excess of 8% of the investment,1.50% will be charged for redemption within 12 months ;

Investment Objective

The scheme seeks to provide investors an opportunity to generate attractive returns with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years - 4 years. ;