SBI Magnum Comma
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Min amount: 500
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|Fund Type||Equity - Other|
|Exit Load||1% for 365 Days|
More about this fund
|Fine Organic Industries Ltd Ordinary Shares||6.97%|
|Reliance Industries Ltd||5.29%|
|Indian Oil Corp Ltd||5.27%|
|UltraTech Cement Ltd||5.26%|
|Hindustan Petroleum Corp Ltd||5.2%|
|Tata Steel Ltd||4.92%|
|Indraprastha Gas Ltd||4.87%|
|Oil & Natural Gas Corp Ltd||4.73%|
|Shree Cement Ltd||4.51%|
About SBI Magnum Comma Fund
The SBI Magnum Comma Fund is an open-ended equity scheme. It seeks to generate long-term capital appreciation by making equity investments predominantly in a portfolio of stocks of companies which are engaged in the commodity and commodity-related businesses.
Pros & Cons of SBI Magnum Comma Fund
- The scheme invests at least 80% of its portfolio in stocks of companies from the commodity and commodity-related sectors. It might also invest in stocks of companies which provide inputs to commodity manufacturing companies.
- As on September 30, 2018, the scheme is not ranked under CRISIL’s Sectoral/ Thematic Fund category.
- Further, it has generated returns of 10.46% per year over the last 10 years (as on January 04, 2019). However, the returns over the last year have been negative (-23.02%).
Fund Information and Statistics of SBI Magnum Comma Fund
i) Inception / Launch date
The scheme was launched on 8 August 2005 by SBI Mutual Fund.
ii) Risk level
According to the asset allocation and investment objective of the scheme, it has a High risk-level associated with it.
The minimum redemption amount is Rs. 5,000 and in multiples of Re.1 thereafter. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager
Mr. Richard D’Souza is the Fund Manager of the SBI Magnum Comma Fund since August 2014.
v) Entry / Exit load
There is no entry load in this scheme. The exit load structure is as follows: 1. If the units are redeemed after one year from the date of allotment of the said units, then the exit load = Nil 2. If the units are redeemed within one year from the date of allotment of the said units, then the exit load = 1% of the applicable NAV
Tax benefits of investing in SBI Magnum Comma Fund
The following taxes are applicable to income arising from investing in this scheme: 1. STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units. 2. LTCG (units are held for a period of more than 12 months), in excess of Rs 1 lakh, is taxed at 10 percent without indexation benefits on the redemption of units.
About SBI Mutual Fund
SBI Mutual fund is formed by multiple investors who seek to invest on bonds, stock etc.The capital gains are registered with the Securities and Exchange Board of India (SEBI), and professional fund managers operate the funds and invest the fund capitals and attempts to produce capital gains.
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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