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SBI Magnum Multiplier Plus Scheme 1993 turns SBI Magnum Multiplier Fund

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SBI Mutual Fund has changed the name of SBI Magnum Multiplier Plus Scheme 1993 to SBI Magnum Multiplier.

The fund house has changed the minimum subscription amount of the following funds:

Scheme NameExisting amountRevised amount
SBI Magnum Multicap₹5000₹1000
SBI Corporate Bond₹10000₹5000

The fund house has also decided to include 1st of every month to perform SIP. Now, the investor can invest through SIP on 1st/5th/10th/15th/20th/25th/30th of every month.

The effective date for the above changes is April 15, 2015.