NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

SBI Magnum Gilt Fund Growth for NRI [63.14]

Min Investment

5,000

Fund Size

10,625.78 Cr

Expense Ratio

0.9%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

63.14

0.11%

NAV as on 09 Nov 24, 12:00 AM

low to moderate risk

government bond

debt

NAV as on 09 Nov 24, 12:00 AM

low to moderate risk

government bond

debt

9.65%p.a.

Last 1Y

6.86%p.a.

Last 3Y

7.25%p.a.

Last 5Y

8.03%p.a.

Since Inception

About SBI Magnum Gilt Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Gilt Fund Growth scheme from SBI Funds Management Ltd. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Dec 2000, SBI Magnum Gilt Fund Growth is Government Bond fund of its category with 10,625.78 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.

  • SBI Magnum Gilt Fund Growth delivered 9.7% annual returns during the last year. It has delivered 8.0% average annual returns since the fund was launched.
  • SBI Magnum Gilt 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 in Government securities issued by the Central Government and/or State Government(s).

Top 7 Holdings

7.34% Govt Stock 2064

36.84%

7.10%Goi 08/04/2034

28.89%

7.23% Goi 15/04/2039

18.36%

7.30 Goi 19062053

8.67%

Govt Stock 22092033

2.28%

7.25% Govt Stock 2063

1.81%

7.26% Govt Stock 2033

1.45%

Fund Managers

  1. Rajeev Radhakrishnan (Nov 2023 - Present)
  2. Tejas Soman (Dec 2023 - Present)

Key Information

View Scheme Document

SBI Magnum Gilt Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on SBI Magnum Gilt Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in SBI Magnum Gilt 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 Gilt 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