SBI Magnum Equity ESG Fund is an open-ended thematic fund launched on January 01, 1991. SBI Magnum Equity ESG Fund is an equity fund. SBI Magnum Equity ESG Fund invests in a group of companies which follows Environmental, Social and Governance (ESG) criteria. The investors of SBI Magnum Equity ESG Fund can easily build long-term capital growth through professional management of diversified investments.
SBI Magnum Equity ESG Fund is managed by Mr. Ruchit Mehta. SBI Magnum Equity ESG Fund has a benchmark of NIFTY 100 ESG Index. The risk factor of SBI Magnum Equity ESG Mutual Fund is really high.
Investment Objective of SBI Magnum Equity ESG Fund
- SBI Magnum Equity ESG Mutual Fund focuses on the companies’ management attitude in terms of the factors like Social, Governance and Environmental aspects.
- Investment in SBI Magnum Equity ESG Fund regular dividend option is a smart way to earn a monthly income.
- SBI Magnum Equity ESG Fund concentrates on ‘ESG Framework’ to review on the invested company’s management mechanism, risk factor and culture which would affect the long term shareholders.
- SBI Magnum Equity ESG Fund is suitable for long term investment objective.
- SBI Magnum Equity ESG Fund dividend option provides its investors to either earn a monthly income or reinvest the dividend amount in the fund again.
- SBI Magnum Equity ESG Fund charges an exit load of 1% if you redeem the fund units in less than from the allotment date.
Top 5 Sectors of SBI Magnum Equity ESG Fund
|S.No||Holding Name||Net Assets (in %)|
|1||Bank – Private||23.47|
|2||IT – Software||15.06|
|4||Finance – NBFC||5.56|
|5||Pharmaceuticals and Drugs||5.29|
(as on 26/03/2019)
Top 10 Holdings of SBI Magnum Equity ESG Fund
|S.No.||Holding Name||Net Assets (in %)|
|1||Reliance Industries Ltd.||9.36|
|2||HDFC Bank Ltd.||8|
|4||Kotak Mahindra Bank Ltd.||5.42|
|5||Tata Consultancy Services Ltd.||5.18|
|6||Axis Bank Ltd.||5.06|
|7||ICICI Bank Ltd.||4.99|
|8||Larsen & Toubro Ltd.||4.92|
|9||Bajaj Finance Ltd.||4.66|
|10||Mahindra & Mahindra Ltd.||3.38|
(as on 26/03/2019)
Details of SBI Magnum Equity ESG Fund
Launch Date- January 01, 1991
Fund Manager- Mr. Ruchit Mehta
Benchmark- NIFTY 10 ESG Index
Return Since Launch- 15%
AUM- Rs. 2105.72 crore (as on 28th Feb 2019)
The following table depicts the SBI Magnum Equity ESG Fund performance-
|S&P BSE Carbonex TRI||11.92||16.09||13.60||–|
|As on Mar 27, 2019|