|Min SIP Amount||₹500|
|NAV||₹41.64 (12 Apr 2021)|
|Fund Started||28 Jan 2013|
|Fund Size||₹8,386 Cr|
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 28 Jan 2013. 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 ₹8,386 Cr and the Latest NAV as of 12 Apr 2021 is ₹41.64.
The SBI Magnum Medium Duration Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 8% of the investment,1.50% will be charged for redemption within 12 months
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.