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
₹67.23
-0.01%
NAV as on 06 Nov 24, 12:00 AM
moderately high risk
medium to long duration
debt
NAV as on 06 Nov 24, 12:00 AM
moderately high risk
medium to long duration
debt
8.62%p.a.
Last 1Y
5.96%p.a.
Last 3Y
7.00%p.a.
Last 5Y
7.61%p.a.
Since Inception
NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Income Fund Growth scheme from SBI Funds Management Ltd. It is a Medium to Long Duration mutual fund scheme that predominantly invests in Medium to Long Duration stocks of companies. Launched on Nov 1998, SBI Magnum Income Fund Growth is Medium to Long Duration fund of its category with 1,808.71 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Medium to Long Duration funds.
To provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.
7.34% Govt Stock 2064
18.62%
7.23% Goi 15/04/2039
15.78%
7.10%Goi 08/04/2034
14.42%
7.25% Govt Stock 2063
5.75%
Torrent Power Limited
4.28%
Godrej Properties Limited
4.17%
Renew Solar Energy (Jharkhand Five) Private Limited
4.10%
Tata Housing Development Company Limited
3.59%
Indostar Capital Finance Ltd.
3.26%
Avanse Financial Services Ltd.
3.05%
View Scheme Document
If invested
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
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.