|Min SIP Amount||Not Supported|
|NAV||₹1222.94 (23 Oct 2020)|
|Fund Started||07 Jan 2013|
|Fund Size||₹9,746 Cr|
|Reserve Bank of India||Financial||T-Bills||5.8%|
|Indusind Bank Ltd.||Financial||CD||5.1%|
|L&T Finance Holdings Ltd.||Financial||CP||4.1%|
|Housing Development Finance Corpn. Ltd.||Financial||CP||4.0%|
|Housing & Urban Development Corpn. Ltd.||Financial||CP||3.5%|
|Muthoot Finance Ltd.||Financial||NCD||2.7%|
|Power Grid Corporation of India Ltd.||Energy||Bonds||2.6%|
|Reserve Bank of India||Financial||T-Bills||2.5%|
SBI Magnum Low Duration Fund Direct Plan Dividend monthly is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 07 Jan 2013. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Low Duration Fund Direct Plan Dividend monthly fund.The fund currently has an Asset Under Management(AUM) of ₹9,746 Cr and the Latest NAV as of 23 Oct 2020 is ₹1222.94.
The SBI Magnum Low Duration Fund Direct Plan Dividend monthly is rated Moderately Low risk. Minimum SIP Investment is set to 500.
The scheme seeks to provide investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.