|Min SIP Amount||Not Supported|
|NAV||₹1063.37 (25 Jan 2021)|
|Fund Started||27 Jul 2007|
|Fund Size||₹16,320 Cr|
|Export-Import Bank Of India||Financial||CD||6.6%|
|Reserve Bank of India||Financial||T-Bills||3.0%|
|Housing Development Finance Corpn. Ltd.||Financial||CP||2.4%|
|Indusind Bank Ltd.||Financial||CD||2.4%|
|Housing & Urban Development Corpn. Ltd.||Financial||CP||2.1%|
SBI Magnum Low Duration Fund Institutional Dividend Weekly 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 Institutional Dividend Weekly fund.The fund currently has an Asset Under Management(AUM) of ₹16,320 Cr and the Latest NAV as of 25 Jan 2021 is ₹1063.37.
The SBI Magnum Low Duration Fund Institutional Dividend Weekly 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.