SBI Magnum Medium Duration Fund Direct Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
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|Fund Type||Medium Duration|
|Exit Load||1.5% for 365 Days|
More about this fund
|7.17% Govt Stock 2028||11.89%|
|State Bank Of India||5.02%|
|Muthoot Finance Limited||3.35%|
|6.45% Govt Stock 2029||3.22%|
|Mahindra Rural Housing Finance Limited||2.66%|
|7.32% Govt Stock 2024||2.6%|
|Punjab National Bank||2.47%|
|India Grid Trust||2.39%|
|Aadhar Housing Finance Limited||2.31%|
About SBI Magnum Medium Duration Fund - Direct Plan - Growth
The main objective of SBI Magnum Medium Duration Fund is to provide returns in by investing in securities across debt and money markets. The fund manager will ensure that the Macaulay duration of the overall portfolio is 3 to 4 years.
Pros and Cons of SBI Magnum Medium Duration Fund - Direct Plan - Growth
The biggest advantage of investing in SBI Magnum Medium Duration Fund is that you get exposure to a portfolio which is constituted by including debt and money market securities. This fund is suitable for those whose investment horizon is between 3 to 4 years. On the flip side, the returns offered by this cannot be compared with that of an equity fund during a market high.
Fund Information and Statistics
i) Inception/Launch Date
SBI Magnum Medium Duration Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
SBI Magnum Medium Duration Fund is categorised under ‘moderate risk’ class of mutual funds by SBI Mutual Fund. However, it is less risky as compared to a hybrid mutual fund scheme.
Since SBI Magnum Medium Duration Fund is an open-ended mutual fund scheme, you can redeem your investment at any time.
iv) Fund Manager
SBI Magnum Medium Duration Fund is currently being managed by Mr Dinesh Ahuja.
v) Entry/Exit Load
There is no entry load as per the norms of the Securities and Exchange Board of India (SEBI). An exit load of 1.5% would be applicable on units in excess of 8% if redeemed within 365 days from the date of allotment. No exit load applies after 365 days.
About SBI Mutual Fund
SBI Mutual Fund is a result of the joint venture between State Bank of India (SBI) and AMUNDI, France back in the year 1987. The fund house registered with the Indian securities market regulator with SBI Mutual Fund Trustee Company Private Limited as its trustee and State Bank of India as the sponsor. As of June 2020, the fund house had assets of worth a whopping Rs 3.64 lakh crore, which makes it one of the largest asset management companies (AMC) in the country.
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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