SBI Flexicap Fund Direct Growth
Min amount: ₹1,000
- Fund Summary
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|Risk||Moderately High risk|
|Exit Load||0.1% for 30 Days|
More about this fund
|HDFC Bank Ltd||8.33%|
|ICICI Bank Ltd Ordinary Shares||8.3%|
|HCL Technologies Ltd Ordinary Shares||5.5%|
|Axis Bank Ltd||4.01%|
|Crompton Greaves Consumer Electricals Ltd||3.91%|
|Tech Mahindra Ltd Ordinary Shares||3.71%|
|Larsen & Toubro Ltd Ordinary Shares||3.54%|
|Bharti Airtel Ltd||2.98%|
|State Bank of India Ordinary Shares||2.82%|
|Hindalco Industries Ltd Ordinary Shares||2.75%|
About SBI Magnum Multicap Fund
The SBI Magnum Multicap Fund is an open-ended equity scheme that invests across large-cap, mid-cap, and small-cap stocks. It offers long-term capital growth through active management of investments in a diversified portfolio. The portfolio primarily includes equity stocks from the entire market capitalisation spectrum. It follows a bottom-up approach in stock picking and covers companies from various sectors/industries.
Pros and Cons of SBI Magnum Multicap Fund
The SBI Magnum Multicap Fund comes with a lower expense ratio. The three-year and five-year returns of the fund are higher than the category average returns. However, the risk-adjusted returns are lower than the category; the one-year returns of the fund is lower than the category average returns as well.
Fund Information and Statistics
i) Inception/Launch Date The SBI Magnum Multicap Fund was launched on 29 September 2005.
ii) Risk Level Since the investments fall under the equity basket, the risk involved with investments made under this fund is moderately high. A minimum of 65% of its assets are invested in equity and equity-related instruments, and the remaining into debt and money market instruments.
iii) Redemption The SBI Magnum Multicap Fund comes with no lock-in period. That means you can redeem it at any point in time. However, if you redeem within 30 days from the date of allocation, you may have to bear a small exit load.
iv) Fund Manager Mr Anup Upadhyay has been managing the SBI Magnum Multicap Fund for the past three years.
v) Entry/Exit Load There is no entry load applicable as per the SEBI’s order dated 30 June 2009. On the other hand, an exit load of 0.10% will be applicable to the investments if you exit on or before 30 days from the date of allotment. If you exit after 30 days from the date of allotment, exit load will not be applicable.
About SBI Mutual Fund
SBI Mutual Fund registered with the SEBI on 23 December 1993. The sponsor for SBI Mutual Fund is the State Bank of India and the trustee of the fund house is SBI Mutual Fund Trustee Company Private Limited. The Average Assets Under Management amounts to Rs.7826.15 crore as on 31 May 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