SBI Magnum Low Duration Fund Institutional Dividend Daily is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 02 Aug 2007. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Low Duration Fund Institutional Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹7,347 Cr and the Latest NAV as of 14 Oct 2019 is ₹1014.44.
The SBI Magnum Low Duration Fund Institutional Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
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.
Tax Implications
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)
₹5000
Min for First Investment
₹1000
Min for Second Investment