SBI Magnum Multi Cap Fund Regular Growth
SBI Magnum Multi Cap Fund Regular Growth5Morning Star
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Min amount: ₹500
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|Risk||Moderately High risk|
|Exit Load||0.1% for 30 Days|
More about this fund
|HDFC Bank Ltd||8.23%|
|ICICI Bank Ltd||6.6%|
|Tata Consultancy Services Ltd||4.62%|
|Kotak Mahindra Bank Ltd||4.29%|
|HCL Technologies Ltd||3.63%|
|Axis Bank Ltd||3.63%|
|Larsen & Toubro Ltd||3.4%|
|JK Cement Ltd||3.25%|
|Gujarat State Petronet Ltd||3.22%|
|Bharti Airtel Ltd||3.18%|
About SBI Magnum Multi-Cap Fund Direct Plan
SBI Magnum Multi-Cap Fund operates as an open-ended growth scheme, which is designed to provide the fund’s investors with the opportunity to pursue long-term growth of their investment, while ensuring sufficient liquidity of the scheme. Equity mutual funds are named as such as they mainly focus on investing in equities or equity-related investment options.
Benefits of SBI Magnum Multi-Cap Fund Direct Plan
SBI Magnum Multi-Cap Fund Direct Plan offers 3 benefits:
- The fund is managed to guarantee an assortment of investments that contain both debt and equity instruments.
- The fund is supposed to invest an assessed 70 to 100% of its portfolio in the possibly high return equity investments.
- In relation to capitalization, large cap shares would include somewhere in between 50 to 90%; mid-cap between 10 to 40%; and small cap would involve 10% or less of the portfolio.
Fund Info and Statistics of SBI Magnum Multi-Cap Fund Direct Plan
i) Inception / Launch date
SBI Magnum Multi-Cap Fund was launched in 2005, month of September.
ii) Risk level
Due to the high exposure of the fund to potentially high risk equity investments, the risk level of the SBI Magnum Multi-Cap Fund is considered to be moderately high.
Units can be redeemed only after the expiry of the lock-in period (which is NIL in this case) from the date of allotment of units. It will be done by a repurchase/buyback by the fund house. Under usual conditions, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Anup Upadhyay has been managing the fund since February 2017. He is a B.Tech (Hons) degree and PGDM .Before joining SBI AMC, he gained experience in the field by working with SBI Mutual Fund and Tata Consultancy Services.
v) Entry / Exit load
a. Entry Load: 0.00 b. Exit Load: 1% (Within 6 months of investing) c. 0.5% (Between 6 months and 12 months) d. 0 (After completion of 1 year)
About UTI Mutual Fund
SBI Mutual Fund is a joint venture between the State Bank of India and Amundi, a European asset management company which is a subsidiary jointly created by Crédit Agricole and Société Générale. The corporate headquarter of the SBI Mutual Fund, which is India’s largest bank sponsored mutual fund, is based out of Mumbai. It is also the first bank-sponsored fund that launched an offshore fund, Resurgent India Opportunity Fund.
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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