SBI Magnum Medium Duration Fund Direct Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 28 Jan 2013. Dinesh Ahuja, Ruchit Mehta is the Current Fund Manager of SBI Magnum Medium Duration Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹3,100 Cr and the Latest NAV as of 27 Mar 2020 is ₹37.80.
The SBI Magnum Medium Duration Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 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 investment objective of the scheme will be to provide attractive returns to the Magnum holders / Unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt, equity and money market instruments. Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio.
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)
Min for First Investment
Min for Second Investment
For units in excess of 8% of the investment,1.50% will be charged for redemption within 12 months