SBI Magnum Income Fund - Growth

( NAV change from the previous, NAV as on )

Launch Date

1998-11-25 00:00:00.0

AUM

NA
(as on date NA)

Benchmark

CRISIL Medium to Long Term Debt

Fund Manager

Mr. Dinesh Ahuja

Risk: Moderate

SBI Magnum Income Fund Overview

SBI Magnum Income Fund is an open ended debt fund. SBI Magnum Income Fund was launched on 25th November 1998. The benchmark of SBI Magnum Income Fund is CRISIL Medium to Long Term Debt Index. The risk of SBI Magnum Income Fund is moderate. SBI Magnum Income Fund is managed by Mr. Dinesh Ahuja. SBI Magnum Income Fund falls in the debt category so SBI Magnum Income Fund has lower risk than equities. SBI Magnum Income Fund comes with four types of investment option SBI Magnum Income Fund Growth, SBI Magnum Income Fund Dividend Quarterly, SBI Magnum Income Fund Dividend Half Yearly, and SBI Magnum Income Fund Bonus. The risk grade is moderate for SBI Magnum Income Fund. Every year SBI Magnum Income Fund Performance is getting better you also can check the SBI Magnum Income Fund NAV details to know more about that. You can invest in SBI Magnum Income Fund through SBI Magnum Income Fund Lump sum. SBI Magnum Income Fund is an open-ended fund so you can enter and leave as per your choice whenever you want. The exit load of SBI Magnum Income Fund is also zero if you leave this fund after one year.

Eligibility Criteria to invest in SBI Magnum Income Fund

  • Individual should be an Indian Citizen
  • Minor through parent/lawful guardian
  • Foreign Institutional Investors
  • Financial Institutions and Investment Institutions
  • Non-resident Indians/Persons of Indian origin residing abroad
  • Association of Persons
  • Partner(s) of Partnership Firms.
  • Societies
  • Karta of Hindu Undivided Family
  • Companies
  • Trusts

Documents require to invest in SBI Magnum Income Fund

Along with the KYC application of the applicant, following are the essential documents for investing in SBI Magnum Income Fund -

  • PAN Card
  • ID Proof- AADHAR Card, Voter ID Card.
  • Residential Proof
  • Passport size Photographs
  • Duly filled application form
  • KYC Acknowledgement
  • Declaration of 3rd party (for minors)

Advantages of SBI Magnum Income Fund

  • You can invest in SBI Magnum Income Fund Growth, SBI Magnum Income Fund Dividend Quarterly, SBI Magnum Income Fund Dividend Half Yearly, and SBI Magnum Income Fund Bonus as per your investment choice.
  • SBI Magnum Income Fund is doing very good over the year; you also can check the SBI Magnum Income Fund NAV and SBI Magnum Income Fund to know about the fund.
  • The SBI Magnum Income Fund Expense ratio is very low than other funds, which is a good sign
  • SBI Magnum Income Fund Portfolio is diversified so your money won't get loose.
  • You can invest in SBI Magnum Income Fund through lump sum which is only Rs. 5000.
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