|Risk||Low to Moderate|
|Min SIP Amount||₹500|
|NAV||₹2754.64 (16 Apr 2021)|
|Fund Started||27 Jul 2007|
|Fund Size||₹13,522 Cr|
|Bank Of Baroda||Financial||CD||1.5%|
SBI Magnum Low Duration Fund Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 27 Jul 2007. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Low Duration Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹13,522 Cr and the Latest NAV as of 16 Apr 2021 is ₹2754.64.
The SBI Magnum Low Duration Fund Growth is rated Low to Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
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.