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
₹35.75
0.01%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
government bond
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
government bond
debt
6.56%p.a.
Last 1Y
5.55%p.a.
Last 3Y
7.91%p.a.
Last 5Y
6.53%p.a.
Since Inception
About SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Gilt Fund PF Plan Fixed Period 3 year 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 2003, SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth is Government Bond fund of its category with 8,133.9 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.
- SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth delivered 6.6% annual returns during the last year. It has delivered 6.5% average annual returns since the fund was launched.
- SBI Magnum Gilt Fund PF Plan Fixed Period 3 year 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 10 Holdings
7.18% Govt Stock 2033
20.45%
India (Republic of) 7.1%
17.99%
7.25% Govt Stock 2063
16.64%
Maharashtra (Government of) 7.46%
14.69%
Uttar Pradesh (Government of) 7.48%
3.81%
8.1% Govt Stock 2034
2.89%
6.62% Govt Stock 2051
2.28%
Uttar Pradesh (Government of) 7.51%
1.36%
Uttar Pradesh (Government of) 7.48%
1.27%
6.99% Govt Stock 2051
1.19%
Fund Managers
- Rajeev Radhakrishnan (Nov 2023 - Present)
- Tejas Soman (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Magnum Gilt Fund PF Plan Fixed Period 3 year 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 Gilt Fund PF Plan Fixed Period 3 year 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 PF Plan Fixed Period 3 year 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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5.5%
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moderate risk | debt
5.5%
ICICI Prudential Gilt Fund Growth
moderate risk | debt
5.8%
Frequently Asked Questions
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