3 Year return

16.51%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹595.31 Cr.

Expense Ratio

1.98% (inclusive of GST)

Exit Load

For exit within 30 Days from th date of allotment. 0.50%. For exit after 30 Days from the date of allotment - NIL.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

SBI Mutual Fund Managers

RD

Richard D`souza

Fund Manager since Aug 2014

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹915,901.53 Cr.
No. of Schemes 213
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

About SBI Magnum Comma Fund Direct Plan Growth

SBI Magnum Comma Fund, managed by SBI Mutual Fund, falls under the sectoral or thematic funds category, aiming to provide investors with capital appreciation linked to the growth of commodity-related businesses. This direct plan offers a Growth scheme, allowing investors to benefit from capital appreciation without dividend payouts. The fund maintains a competitive expense ratio, enhancing its appeal to investors.

Investment Objective of the Scheme

The scheme's primary objective is to offer investors a growth-oriented equity investment opportunity, focused on commodity-based businesses. SBI Magnum Comma Fund Direct Plan Growth achieves this by investing in a commodity-based companies of varying market capitalisations. The fund focuses on generating steady returns over the medium to long term.

Key Features of The Fund

5-year return 23.04%
Expense Ratio 1.98%
Fund Manager Richard D`souza
Fund Size ₹595.31 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you're seeking an investment that is linked to the growth of commodity-based businesses, SBI Magnum Comma Fund Direct Plan Growth could be a suitable choice. This fund aligns with individuals looking for significant risk exposure with the potential for reasonable returns. However, the returns might be subject to interest rate fluctuations. Evaluate your investment goals and risk tolerance before considering this fund. Consulting financial experts can provide personalized insights for informed decisions.

AMC Contact Details

Name SBI Mutual Fund
Launch Date June 1987
Addresss 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051
Contact 1800 209 3333 1800 425 5425
Email customer.delight@sbimf.com
Website https://www.sbimf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Compare Your SIPs Across Various Mutual Funds

Use our SIP calculator to compare SIPs across different mutual funds. Moreover, by comparing the different expected rates of returns, you can compare the returns on the same amount for different SIPs. Open our SIP calculator to estimate returns and get started on your investment journey today!

FAQs

What is today's NAV of SBI Magnum Comma Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of SBI Magnum Comma Fund Jun 20 2024 is 107.3462

What is the AUM of SBI Magnum Comma Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of SBI Magnum Comma Fund is 595.31 crore.

What is the expense ratio of SBI Magnum Comma Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of SBI Magnum Comma Fund is 1.98%

What are the returns of SBI Magnum Comma Fund since inception?

The SBI Magnum Comma Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 14.89 since inception.

What is the minimum SIP amount to invest in SBI Magnum Comma Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for SBI Magnum Comma Fund is 500.

How do I invest in SBI Magnum Comma Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in SBI Magnum Comma Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in SBI Magnum Comma Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in SBI Magnum Comma Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.