SBI Magnum Global Fund - Direct Plan

Invest Online download factsheet

Value Research Rating

Unrated

Analyst’s Choice

premium-user

Riskometer

fund-quick-summary-circle

Very High

₹401.0696 0.17%

As on 14-Jun-2024

Returns

to
Please wait...

Calculate SIP Returns of SBI Magnum Global Fund - Direct Plan

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Very High risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of SBI Magnum Global Fund - Direct Plan

Asset Allocation

Split between different types of investments

Please wait...

Market Cap Weightage

Split between categories of Equity investments

Please wait...

Peer Comparison

Other details of SBI Magnum Global Fund - Direct Plan

Assets info

₹6,366 Cr

Exit Load (Days) info

1.00 (365)

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

500

Min. SIP Investment (₹)

500

Min. No of Cheques

12

Investment Strategy

The scheme seeks to provide the investor with the opportunity of long-term capital appreciation by investing in diversified portfolio comprising primarily of MNC companies.

Suitability

"This is a fund that invests mainly in the shares of multinational companies.

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other MNC fund, if you need to redeem your investment in less than five years."

Capital Gains Taxation

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

FAQ for SBI Magnum Global Fund - Direct Plan

SBI Magnum Global Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in the shares of multinational companies.

Mutual funds can be bought directly from the website of the fund house. For instance, SBI Magnum Global Fund - Direct Plan fund can be purchased from the website of SBI Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of SBI Magnum Global Fund - Direct Plan is ₹401.0696 as of 17-Jun-2024.

The AUM of SBI Magnum Global Fund - Direct Plan Fund is ₹6,366 Cr as of 31-May-2024

The riskometer level of SBI Magnum Global Fund - Direct Plan is Very High. See More

As of 31-May-2024, SBI Magnum Global Fund - Direct Plan had invested 93.92% in Equity and 6.08% in Cash & Cash Eq. See More

SBI Magnum Global Fund - Direct Plan is 11 years 5 months old. It has delivered 16.63% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
19.25%
14.33%
18.03%
14.05%
15.55%
16.63%

No, There is no lock in period in SBI Magnum Global Fund - Direct Plan.

The expense ratio of SBI Magnum Global Fund - Direct Plan is 1.20.

Please wait...
Please wait...
Please wait...
Please wait...
Please wait...
Please wait...