SBI Magnum Income Fund Regular Growth - Latest NAV ₹54.6025, Returns, Performance & Portfolio

SBI Magnum Income Fund Regular Growth

  • highlight
    9.37%
  • highlight
    (--0.09)54.6025

Start your investment

Min amount: ₹500

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 7.06 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years9.04%
5 Years9.37%
3 Years9.13%
1 Year13.28%
6 Months5.83%
Fund Details
ISININF200K01594
RiskModerate Risk
Fund TypeMedium to Long Duration
NAV54.6025
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
6.19% Govt Stock 203428.44%
7.26% Govt Stock 202911.38%
7.57% Govt Stock 20339.92%
L&T Metro Rail (Hyderabad) Limited6.47%
Allahabad Bank4.56%
Embassy Office Parks Reit4.45%
5.77% GOI 20304.06%
Coastal Gujarat Power Limited3.94%
Ahmedabad-Maliya Tollway Limited3.77%
Cholamandalam Investment and Fin. Co. Limited3.27%

##About SBI Magnum Income Fund The SBI Magnum Income Fund is an open-ended, debt scheme for medium to long-term investment. It seeks to generate regular income over the medium to long-term by investing in debt securities and money market instruments such that the Macaulay Duration of the portfolio is between 4 and 7 years.

Pros & Cons of SBI Magnum Income Fund

  • The scheme invests based on a continuous evaluation of the macro-economic factors, market dynamics, and debt-issuer specific factors. Further, it actively manages the credit and interest rate risks.
  • As on September 30, 2018, the scheme is ranked 3 under CRISIL’s Medium to Long Duration Fund category.
  • Further, it has generated returns of 7.21% per year over the 10 last years (as on January 16, 2019).

Fund Information and Statistics of SBI Magnum Income Fund

i) Inception / Launch Date

The scheme was launched on 25 November 1998 by SBI Mutual Fund.

ii) Risk Level

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

iii) Redemption

The minimum redemption amount is the lower of Rs. 1,000 or 100 units or the account balance. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager(s)

Mr. Dinesh Ahuja is the Fund Manager of the SBI Magnum Income Fund since January 2011.

v) Entry / Exit Load

There is no entry load in this scheme. The exit load structure is as follows:

  • If the units are redeemed after the completion of 1 year from the date of allotment of the said units, then the exit load = Nil
  • If the units are redeemed within 1 year from the date of allotment of the said units, and:
  • The number of units redeemed is within 10% of the allotted units, then the exit load = Nil
  • The number of units redeemed is more than 10% of the allotted units, then the exit load = 1% of the applicable NAV

Tax benefits of investing in SBI Magnum Income Fund

The following taxes are applicable to income arising from investing in this scheme:

  • STCG is added to the investor’s income and taxed as per the income-tax slab.
  • LTCG component is taxed at 20% with indexation benefits.

About SBI Mutual Fund

The SBI Mutual Fund is a joint venture between the State bank of India (SBI) and Amundi Asset Management Company – one of the world’s leading investment management companies. While SBI Mutual Fund has been instrumental in educating investors about the benefits of Mutual Funds, it also offers a wide range of investment products catering to different segments of investors.

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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. 7.06 Lakhs in a period of 20 years
Moderate 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