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
₹60.01
-0.18%
NAV as on 17 Nov 24, 12:00 AM
moderately high risk
10 yr government bond
debt
NAV as on 17 Nov 24, 12:00 AM
moderately high risk
10 yr government bond
debt
9.60%p.a.
Last 1Y
5.54%p.a.
Last 3Y
6.24%p.a.
Last 5Y
7.81%p.a.
Since Inception
About SBI Magnum Constant Maturity Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Constant Maturity Fund Growth scheme from SBI Funds Management Ltd. It is a 10 yr Government Bond mutual fund scheme that predominantly invests in 10 yr Government Bond stocks of companies. Launched on Dec 2000, SBI Magnum Constant Maturity Fund Growth is 10 yr Government Bond fund of its category with 1,762.06 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category 10 yr Government Bond funds.
- SBI Magnum Constant Maturity Fund Growth delivered 9.6% annual returns during the last year. It has delivered 7.8% average annual returns since the fund was launched.
- SBI Magnum Constant Maturity Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To provide returns to the investors generated through investments predominantly in Government securities issued by the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.
Top 4 Holdings
7.18% Govt Stock 2033
33.32%
7.1% Govt Stock 2034
32.35%
7.18% Govt Stock 2037
26.46%
7.26% Govt Stock 2033
5.52%
Fund Managers
- Rajeev Radhakrishnan (Nov 2023 - Present)
- Tejas Soman (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Magnum Constant Maturity Fund Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Magnum Constant Maturity 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 Constant Maturity 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 Constant Maturity 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
Frequently Asked Questions
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