SBI Multi Asset Allocation Fund
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Min amount: 500
- Fund Summary
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|Risk||Moderately High risk|
|Fund Type||Multi Asset Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|7.26% Govt Stock 2029||36.41%|
|Gold - Mumbai||16.3%|
|Shree Cement Ltd||1.68%|
|Dabur India Ltd||1.65%|
|HDFC Life Insurance Co Ltd||1.63%|
|Godrej Consumer Products Ltd||1.55%|
|Divi's Laboratories Ltd||1.42%|
|Hindustan Petroleum Corp Ltd||1.36%|
|ICICI Lombard General Insurance Co Ltd||1.31%|
About SBI Multi Asset Allocation Fund
SBI Multi Asset Allocation Fund is an open-ended scheme which as the name suggests invests across asset classes. The scheme strives to deliver regular income and capital appreciation by investing in equity & equity-related instruments, debt instruments, and gold as well as gold-related instruments. A maximum of only 80% of the capital would be invested in either asset class. The fund may even invest in Mutual Fund units and engage in stock lending (max 20% of the assets).
Pros & Cons of SBI Multi Asset Allocation Fund
SBI Multi Asset Allocation Fund offers the following benefits:
1. The fund empowers investors to invest in an actively managed portfolio of multiple asset classes.
2. The SBI Multi Asset Allocation Fund enables investors to balance their portfolio and expose their capital across asset classes. 3. The fund returns for 2-year, 3-year, and 5-year timeframe are less than the average category return.
Fund Information and Statistics of SBI Multi Asset Allocation Fund
i) Inception/ Launch date
The SBI Multi Asset Allocation Fund was launched on December 21, 2005, by SBI Mutual Funds. The fund was earlier known as SBI Magnum Monthly Income Plan – Floater.
ii) Risk level
Investment in this fund are a moderately high-risk bet and suitable for investors who wish expose their capital across multiple asset classes.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from the date of receipt of a request.
iv) Fund Manager
The fund is actively managed by Mr Ruchit Mehta since June 2011. He comes with 13 years of industry experience.
v) Entry / Exit load
The fund house does not charge any entry load or exit load if 10% of the investments are redeemed before a year. A 1% exit load is charged if the remaining investment is redeemed before a year. No exit load is charged if sold after one year.
Tax benefits of investing in SBI Multi Asset Allocation Fund
The Short-term capital gain tax will be levied as per the income tax slab rate if units are held for less than 36 months. A long-term capital gains tax of 20% is applicable with indexation if units are held for more than 36 months.
About SBI Mutual Fund
SBI Mutual Fund comes with 30 years of experience in fund management with a lineage tracing back to State Bank of India. The fund house seeks to become the largest fund house in India across asset classes. It also aims to deliver excellent returns and best customer service along with innovative products.
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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