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
₹363.68
0.01%
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
10.48%p.a.
Last 1Y
7.45%p.a.
Last 3Y
15.42%p.a.
Last 5Y
16.48%p.a.
Since Inception
About SBI Magnum Global Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Global 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 Jun 2005, SBI Magnum Global Fund Growth is Equity - Other fund of its category with 6,549.98 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 Global Fund Growth delivered 10.5% annual returns during the last year. It has delivered 16.5% average annual returns since the fund was launched.
- SBI Magnum Global 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 provide the investor with the opportunity of long-term capital appreciation by investing in diversified portfolio comprising primarily of MNC companies.
Top 10 Holdings
Alphabet Inc Class A
8.13%
Divi's Laboratories Ltd
5.31%
Procter & Gamble Hygiene and Health Care Ltd
5.16%
Page Industries Ltd
4.81%
CCL Products (India) Ltd
4.56%
Abbott India Ltd
4.42%
United Breweries Ltd
4.29%
Lonza Group Ltd ADR
4.20%
Gokaldas Exports Ltd
4.11%
Garware Technical Fibres Ltd
4.09%
Fund Managers
- R. Srinivasan (Jan 2022 - Present)
- Tanmaya Desai (Apr 2024 - Present)
- Pradeep Kesavan (Apr 2024 - Present)
Key Information
View Scheme Document
SBI Magnum Global Fund Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Magnum Global 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 Global 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 Global 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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