SBI Magnum Comma Fund Regular Growth - Latest NAV ₹41.7101, Returns, Performance & Portfolio

SBI Magnum Comma Fund Regular Growth

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Min amount: ₹500

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 10.32 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years4.29%
5 Years12.24%
3 Years1.31%
1 Year11.22%
6 Months33.85%
Fund Details
RiskHigh Risk
Fund TypeEquity - Other
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
Reliance Industries Ltd8.62%
Bharat Petroleum Corp Ltd6.13%
UltraTech Cement Ltd6.03%
Camlin Fine Sciences Ltd5.42%
Tata Steel Ltd4.97%
Shree Cement Ltd4.76%
Rossari Biotech Ltd Ordinary Shares4.7%
CCL Products (India) Ltd4.42%
Neogen Chemicals Ltd4.29%
Fine Organic Industries Ltd Ordinary Shares4.19%

About SBI Magnum Comma Fund

The SBI Magnum Comma Fund is an open-ended equity scheme. It seeks to generate long-term capital appreciation by making equity investments predominantly in a portfolio of stocks of companies which are engaged in the commodity and commodity-related businesses.

Pros & Cons of SBI Magnum Comma Fund

  1. The scheme invests at least 80% of its portfolio in stocks of companies from the commodity and commodity-related sectors. It might also invest in stocks of companies which provide inputs to commodity manufacturing companies.
  2. As on September 30, 2018, the scheme is not ranked under CRISIL’s Sectoral/ Thematic Fund category.
  3. Further, it has generated returns of 10.46% per year over the last 10 years (as on January 04, 2019). However, the returns over the last year have been negative (-23.02%).

Fund Information and Statistics of SBI Magnum Comma Fund

i) Inception / Launch date

The scheme was launched on 8 August 2005 by SBI Mutual Fund.

ii) Risk level

According to the asset allocation and investment objective of the scheme, it has a High risk-level associated with it.

iii) Redemption

The minimum redemption amount is Rs. 5,000 and in multiples of Re.1 thereafter. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager

Mr. Richard D’Souza is the Fund Manager of the SBI Magnum Comma Fund since August 2014.

v) Entry / Exit load

There is no entry load in this scheme. The exit load structure is as follows: 1. If the units are redeemed after one year from the date of allotment of the said units, then the exit load = Nil 2. If the units are redeemed within one year from the date of allotment of the said units, then the exit load = 1% of the applicable NAV

Tax benefits of investing in SBI Magnum Comma Fund

The following taxes are applicable to income arising from investing in this scheme: 1. STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units. 2. LTCG (units are held for a period of more than 12 months), in excess of Rs 1 lakh, is taxed at 10 percent without indexation benefits on the redemption of units.

About SBI Mutual Fund

SBI Mutual fund is formed by multiple investors who seek to invest on bonds, stock etc.The capital gains are registered with the Securities and Exchange Board of India (SEBI), and professional fund managers operate the funds and invest the fund capitals and attempts to produce capital gains.

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Frequently Asked Questions

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Start your investment

Min amount: ₹500

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 10.32 Lakhs in a period of 20 years
High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns