SBI Mutual Fund Renames Schemes by Dropping 'Magnum' Tag Without Changing Investment Strategies

SBI Mutual Fund has carried out a renaming exercise for several of its offerings, removing the word “Magnum” from select schemes, as per news reports.  

These changes are intended to enhance clarity in scheme names for investors, while leaving all other scheme characteristics intact. 

SBI Mutual Fund Scheme Names Updated with No Change in Investment Features 

As announced on December 22, 2025, SBI Mutual Fund has revised the names of multiple schemes by eliminating the “Magnum” prefix. The fund house confirmed that this is a nomenclature change only and does not affect the investment objectives, strategies, risk profiles, or the way these portfolios are managed.  

Documents like the Scheme Information Document (SID), Key Information Memorandum (KIM), and Statement of Additional Information (SAI) remain unchanged. 

Key changes include renaming schemes across debt and children's categories. For example, SBI Magnum Medium Duration Fund is now SBI Medium Duration Fund, and SBI Magnum Income Fund has been revised to SBI Medium to Long Duration Fund. This decision aligns more directly with their underlying strategy and tenure. 

Renamed Debt and Children-Focused Schemes 

In the debt category, the following renamings were implemented: 

• SBI Magnum Medium Duration Fund → SBI Medium Duration Fund
• SBI Magnum Ultra Short Duration Fund → SBI Ultra Short Duration Fund
• SBI Magnum Constant Maturity Fund → SBI Constant Maturity 10-Year Gilt Fund
• SBI Magnum Income Fund → SBI Medium to Long Duration Fund
• SBI Magnum Gilt Fund → SBI Gilt Fund
• SBI Magnum Low Duration Fund → SBI Low Duration Fund 

For children’s category schemes, SBI Magnum Children's Benefit Fund – Savings Plan is now SBI Children’s Fund – Savings Plan, and the Investment Plan variant is now SBI Children’s Fund – Investment Plan. The aim is to help investors identify schemes more accurately based on product characteristics. 

Read More: ICICI Prudential Enters Specialised Investment Fund Space With SEBI Filing! 

No Action Required from Investors 

SBI Mutual Fund clarified that existing unit holders do not need to take any action due to these name changes. There are no procedural requirements or changes in holding patterns. The renaming is purely cosmetic, intended to foster greater transparency and improve understanding among investors regarding the type of schemes in their portfolios. 

Conclusion 

The renaming of select SBI Mutual Fund schemes is a branding and clarity enhancement measure. With the removal of "Magnum", the scheme titles are now more indicative of their actual investment mandates, without impacting the investment terms for current or potential investors. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.