NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹97.33
0.07%
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity other
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
equity other
equity
24.17%p.a.
Last 1Y
9.67%p.a.
Last 3Y
21.34%p.a.
Last 5Y
12.85%p.a.
Since Inception
About SBI Magnum Comma Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Comma Fund Growth scheme from SBI Funds Management Ltd. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Aug 2005, SBI Magnum Comma Fund Growth is Equity - Other fund of its category with 654.93 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- SBI Magnum Comma Fund Growth delivered 24.2% annual returns during the last year. It has delivered 12.8% average annual returns since the fund was launched.
- SBI Magnum Comma Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To generate opportunities for growth along with possibility of consistent returns by investing predominantly in a portfolio of stocks of companies engaged in the commodity and commodity related businesses.
Top 10 Holdings
Tata Steel Ltd
9.02%
Reliance Industries Ltd
8.64%
CESC Ltd
5.98%
UltraTech Cement Ltd
5.74%
Oil & Natural Gas Corp Ltd
5.69%
Vedanta Ltd
4.78%
Power Grid Corp Of India Ltd
4.56%
Coal India Ltd
4.49%
CCL Products (India) Ltd
4.40%
Balrampur Chini Mills Ltd
4.31%
Fund Managers
- Dinesh Balachandran (Jun 2024 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Magnum Comma Fund Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Magnum Comma Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in SBI Magnum Comma Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in SBI Magnum Comma Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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