The investment objective of the scheme would be to provide appropriate benefits to SBI Magnum Medium Duration Fund investors/unit holders through an actively managed portfolio of debt, equity, and money market instruments through periodic dividends or capital appreciation. Income can be made by receiving coupon payments, amending debt instruments, receiving dividends, or buying and selling securities in the underlying portfolio.
They are providing investors the opportunity to produce
attractive returns with a fair degree of liquidity through investment in debt
and money market instruments so that the Macaulay period of the portfolio is
around three years – 4 years. Therefore, there is no guarantee or assurance
that the investment target of the scheme will be achieved. This scheme does not
assure or guarantee any returns.
Here are some essential SBI Magnum Medium Duration Fund Growth
details
·
Risk: Moderate
·
Min SIP Amount: ₹500
·
Expense Ratio of 1.14%
·
NAV: ₹35.33 (20 Mar 2020)
·
Fund Started: 12 Nov 2003
·
NAV on March 20, 2020: Rs. 37.153 (0.593%)
·
Fund Size: ₹3,100 Cr
·
Expense Ratio: 0.73%
·
Exit Load: 1.50% If investors are redeemed within12 months
SBI Magnum Medium Duration Fund Growth return %
- First-year
return: 98. % (Estimated Value as per Historical Returns ₹62,655)
- Three years
return: 8.0% (Estimated Value as per Historical Returns ₹2,01,940)
- Five Years
return: 8.6% (Estimated Value as per Historical Returns ₹3,70,423)
- Since
inception: 8.0%
Top Holdings in SBI Magnum Medium Duration Fund Growth
·
GOI
·
National Bank for Agriculture & Rural Development
·
State Bank of India
·
Air India Assets Holdings Ltd.
·
Power Finance Corpn. Ltd.
Fund Manager
Mr. Dinesh Ahuja's education is both B. Com (H) and MMS
(Finance).
Experience- He worked with L&T Investment Management
Limited, Reliance Asset Management Limited, and Reliance General Insurance
Company Limited before joining SBI AMC.
Other essential SBI Magnum Medium Duration Fund Growth details
SBI Magnum Medium Duration Fund Growth is a Debt Mutual Fund
Scheme started by SBI Mutual Fund. The scheme was launched for investors on 12
November 2003. Dinesh Ahuja, Ruchit Mehta, is the new fund manager for SBI
Magnum Medium Duration Fund Growth. The fund currently has an Asset under
Management (AUM) of around ₹3,100 Cr, and the latest NAV of 20 Mar 2020 is
around ₹35,33.
The SBI Magnum Medium Duration Fund Growth has been rated as
medium risk. The minimum investment in SIP is 500. The minimum investment in
Lampsum is 5000. In units that exceed 8 percent of the investment, the
redemption will pay 1.50 percent within 12 months.
SBI Magnum Medium Duration Fund Suitable For
Investors who want to invest for 1-3 years and are looking for a
bank deposit option.
SBI Magnum Medium Duration Fund invests in bonds that mature
within 3 to 4 years. Their objective is to earn marginally better profits than
same-term inflation and bank-term deposits. These funds have a lower risk of
loss in the said time frame, but they do not guarantee returns or capital
security.
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