SBI Magnum Global Fund Direct Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||Equity - Other|
|Exit Load||1% for 365 Days|
More about this fund
|Colgate-Palmolive (India) Ltd||8.37%|
|Nestle India Ltd Shs Dematerialised||5.56%|
|Grindwell Norton Ltd||5%|
|Divi's Laboratories Ltd||4.15%|
|Maruti Suzuki India Ltd||4.1%|
|Britannia Industries Ltd||4.07%|
|HCL Technologies Ltd Shs Dematerialised||3.92%|
|Procter & Gamble Hygiene and Health Care Ltd||3.75%|
|Dixon Technologies (India) Ltd||3.67%|
|Cummins India Ltd Shs Dematerialised||3.51%|
About SBI Magnum Global Fund - Direct Plan - Growth
SBI Magnum Global Fund is an open-ended equity scheme that aims to create long-term capital appreciation through an active management of investments in diversified portfolios, primarily consisting of MNC stocks (up to 80%). The remaining 20% are invested in equities of companies outside the MNC space and/or debt and money market instruments.
Pros and Cons of SBI Magnum Global Fund - Direct Plan - Growth
The one-year, three-year, and five-year returns have been higher than the category-average returns. The risk-adjusted returns, on the other hand, is lower than the counterparts in the category.
Fund Information and Statistics
i) Inception/Launch Date
SBI Magnum Global Fund was launched on 30 September 1994.
ii) Risk Level
The risk associated with the scheme is high since it invests predominantly in equity stocks of MNCs.
The invested principal can be redeemed in the form of fund units at any time since the investment is not locked-up. However, you may incur an exit load if you happen to redeem within 12 months from the date of allotment.
iv) Fund Manager
Mr Anup Upadhyay is the current Fund Manager for the scheme.
v) Entry/Exit Load
As per SEBI guidelines, entry load is not chargeable on the purchase of mutual fund units. However, an exit load of 1% is chargeable if you redeem/switch-out units within 12 months from the date of allotment.
About SBI Mutual Fund
SBI Mutual Fund was established on 29 June 1987. The trustee for the fund house is SBI Mutual Fund Trustee Company Private Limited, while the sponsor for the fund house is State Bank of India. The average assets under management for the fund house is Rs.4,21,362.45 crore as of 30 September 2020.
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Min amount: ₹1,000
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