|Min SIP Amount||Not Supported|
|NAV||₹1079.29 (17 Jun 2021)|
|Fund Started||02 Aug 2007|
|Fund Size||₹13,286 Cr|
|Export-Import Bank Of India||Financial||CD||8.3%|
|Reserve Bank of India||Financial||T-Bills||6.3%|
|Housing & Urban Development Corpn. Ltd.||Financial||CP||2.6%|
|Axis Bank Ltd.||Financial||CD||2.5%|
|Housing Development Finance Corpn. Ltd.||Financial||Debenture||2.3%|
|Indusind Bank Ltd.||Financial||CD||2.3%|
SBI Magnum Low Duration Fund Institutional IDCW Daily is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 02 Aug 2007. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Low Duration Fund Institutional IDCW Daily fund.The fund currently has an Asset Under Management(AUM) of ₹13,286 Cr and the Latest NAV as of 17 Jun 2021 is ₹1079.29.
The SBI Magnum Low Duration Fund Institutional IDCW Daily is rated Moderate 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.