SBI Magnum Global Fund Regular Growth
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Min amount: ₹500
- Fund Summary
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|Fund Type||Equity - Other|
|Exit Load||1% for 365 Days|
More about this fund
|Britannia Industries Ltd||8.34%|
|Colgate-Palmolive (India) Ltd||8.01%|
|Nestle India Ltd||5.9%|
|Maruti Suzuki India Ltd||4.62%|
|Dr Reddy's Laboratories Ltd||4.2%|
|Divi's Laboratories Ltd||4%|
|PI Industries Ltd||3.67%|
|Sanofi India Ltd||3.5%|
|Procter & Gamble Hygiene and Health Care Ltd||3.37%|
|Grindwell Norton Ltd||3.27%|
About SBI Magnum Global Fund
SBI Magnum Global Fund is an open-ended fund aimed at long-term capital appreciation by investing in MNC companies. The fund house will follow a bottom-up approach for selecting stocks across sectors and market capitalisation. Any company with major shareholding by a foreign entity, Indian companies with 50% turnover from regions outside India, and foreign listed companies might be selected.
Pros & Cons of SBI Magnum Global Fund
SBI Magnum Global Fund offers the following benefits: 1. The fund is aimed at investors who wish to invest in MNC companies and appreciate their capital over long-term. 2. The scheme allows investors to invest in foreign listed companies and companies that have turnover outside India. 3. The 2-year and 5-year average returns are better than the average category returns.
Fund Information and Statistics of SBI Magnum Global Fund
i) Inception / Launch date
The SBI Magnum Global Fund was launched on September 30, 1994, by SBI Mutual Funds.
ii) Risk level
Investment in SBI Magnum Global Fund is a high-risk bet suitable for long-term capital appreciation. Investors with risk appetite for investing in multinational companies should only invest in this fund.
Redemption of Units will be done at applicable NAV prices on every business day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.
iv) Fund Manager
SBI Magnum Global Fund is managed by Mr Anup Upadhyay since May 2018. He is an IIT & IIM pass out and comes with 11 years of experience.
v) Entry / Exit load
The fund house does not charge any entry load or exit load if redeemed one year after the date of allotment. However, 1% exit load is charged if redeemed before one year from the date of allotment.
Tax benefits of investing in SBI Magnum Global Fund
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains , in excess of Rs 1 lakh, are taxed at 10% without indexation if redeemed after one year. 10% tax will be deducted at source for dividends.
About SBI Mutual Funds
SBI Mutual Funds is a joint venture between SBI and Amundi which is one of the world’s leading fund management company based in France. SBI Mutual Funds strives to become the largest fund house across asset classes with consistent returns and good customer service. It believes in optimal risk management and safeguarding investors’ interests.
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Min amount: ₹500
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