| Risk | Moderately Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.39% |
| NAV | ₹1059.91 (01 Jul 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹8,727 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Axis Bank Ltd. | Financial | CD | 5.6% |
| Bharti Hexacom Ltd. | Communication | CP | 5.1% |
| L&T Finance Holdings Ltd. | Financial | CP | 4.5% |
| Housing Development Finance Corpn. Ltd. | Financial | CP | 4.4% |
| Union Bank of India | Financial | CD | 3.4% |
| Power Grid Corporation of India Ltd. | Energy | Bonds | 3.0% |
| JSW Steel Ltd. | Metals | CP | 2.8% |
| Housing Development Finance Corpn. Ltd. | Financial | NCD | 2.6% |
| Muthoot Finance Ltd. | Financial | Debenture | 2.5% |
| Tata Realty and Infrastructure Ltd. | Construction | CP | 2.4% |
SBI Magnum Low Duration Fund Direct Plan Dividend Fortnightly is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Low Duration Fund Direct Plan Dividend Fortnightly fund.The fund currently has an Asset Under Management(AUM) of ₹8,727 Cr and the Latest NAV as of 01 Jul 2020 is ₹1059.91.
The SBI Magnum Low Duration Fund Direct Plan Dividend Fortnightly is rated Moderately Low risk. Minimum SIP Investment is set to 500.
To provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of money market instruments with maturity/residual maturity up to one year and debt instruments which are rated not below investment grade by a credit rating agency.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.