3 Year return

6.57%
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

Moderately High Risk

Scheme Information

Asset Under Management

₹6799.91 Cr.

Expense Ratio

0.69% (inclusive of GST)

Exit Load

For exit within 3 months from the date of allotment: 1% For exit after 3 months from the date of allotment - Nil

Ratings

ARQ Rating
3

Ratings by other agencies

4
3
5

Tax Implications

Tax on gains as per your income tax bracket

Fund Holdings

Holdings

SBI Mutual Fund Managers

DA

Dinesh Ahuja

Fund Manager since Apr 2022

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹1,100,886.17 Cr.
No. of Schemes 225
Setup Date June 1987

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

About SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment

The SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment is a debt fund managed by SBI Mutual Fund. The fund invests in a diversified portfolio of medium-term debt securities. The SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment is an open-ended fund. This means that investors can buy and sell units of the fund in the secondary market at any time. The expense ratio of the SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment is lower than the category average expense ratio.

Investment Objectives of the Scheme

The fund seeks to achieve its investment objective by investing the majority of its assets in medium-term debt securities. It aims to provide attractive returns to investors with moderate liquidity by investing in money market instruments with a Macaulay duration of 3-4 years. The fund may also invest in money market instruments, but only to the extent necessary for liquidity management purposes.

Key Features of The Fund

5-year return 7.57%
Expense Ratio 0.69%
Fund Manager Dinesh Ahuja
Fund Size ₹6799.91 Cr
Risk Profile Moderately High

Is This Scheme Right for Me?

This fund is suitable for investors who have a moderate risk appetite and are looking for regular income. The fund is also suitable for investors who have an investment horizon of 1-3 years. However, it is important to remember that this is a debt fund, and it is subject to the risks associated with the debt market. Investors should do their own research before investing in this fund.

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.

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FAQs

What is today's NAV of SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment?

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 Medium Duration Fund Direct Plan IDCW Reinvestment Nov 06 2024 is 20.2814

What is the AUM of SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment?

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 Medium Duration Fund Direct Plan IDCW Reinvestment is 6799.91 crore.

What is the expense ratio of SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment?

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 Medium Duration Fund Direct Plan IDCW Reinvestment is 0.69%

What are the returns of SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment since inception?

The SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment was launched on Jan 01 2013. The fund has delivered a CAGR of 9.33 since inception.

What is the minimum SIP amount to invest in SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment?

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 Medium Duration Fund Direct Plan IDCW Reinvestment is 500.

How do I invest in SBI Magnum Medium Duration Fund Direct Plan IDCW Reinvestment?

  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 Medium Duration Fund Direct Plan IDCW Reinvestment?

  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 Medium Duration Fund Direct Plan IDCW Reinvestment?

  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 Medium Duration Fund Direct Plan IDCW Reinvestment?

  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.