3 Year return

17.32%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹1000

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹5422.46 Cr.

Expense Ratio

1.31% (inclusive of GST)

Exit Load

For exit within 1 year from th date of allotment - 1%. For exit after 1 years 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

There are no records found for Fund Manager

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 Equity ESG Fund Direct Plan Growth

SBI Magnum Equity ESG Fund Direct Plan Growth, formerly known as SBI Magnum Equity Fund is an open ended equity scheme. It makes investments in businesses that uphold environmental, social, and governmental (ESG) standards. This equity-ESG fund belongs to the SBI Mutual Fund. The benchmark for the scheme is NIFTY 100 ESG Total Return Index.

Investment Objective of The Scheme

SBI Magnum Equity ESG Fund Direct Plan Growth is an actively managed fund that puts its investments in a diverse basket of firms/companies which meet environmental, social, and governance requirements, and aims to offer investors options for long-term capital growth. Companies are graded according to governance, social responsibility, and environmental management criteria.The ESG scores determine a security's active weight. Positive scores and active weights are mutually exclusive.

Key Features of The Fund

5-year return 16.31%
Expense Ratio 1.31%
Fund Manager NA
Fund Size ₹5422.46 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you are looking for long term income via investments, you could consider making an investment in SBI Magnum Equity ESG Fund Direct Plan Growth. However, note that this scheme has very high risk levels and the ideal investment horizon is at least 3 years or more. Take into account your financial plans and risk tolerance before you make a decision.

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 33331800 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.

Build Investment Discipline with SIPs

SIPs instill a habit of disciplined saving. By automating your investments, you ensure consistent contributions towards your financial goals. Plan your SIP investment strategy the SIP investment calculator. This tool helps you estimate returns and stay on track with your long-term investment plan.

FAQs

What is today's NAV of SBI Magnum Equity ESG 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 Equity ESG Fund May 27 2024 is 241.7053

What is the AUM of SBI Magnum Equity ESG 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 Equity ESG Fund is 5422.46 crore.

What is the expense ratio of SBI Magnum Equity ESG 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 Equity ESG Fund is 1.31%

What are the returns of SBI Magnum Equity ESG Fund since inception?

The SBI Magnum Equity ESG Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 15.09 since inception.

What is the minimum SIP amount to invest in SBI Magnum Equity ESG 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 Equity ESG Fund is 500.

How do I invest in SBI Magnum Equity ESG 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 Equity ESG 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 Equity ESG 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 Equity ESG 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.