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
₹3394.23
0.02%
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
low duration
debt
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
low duration
debt
7.37%p.a.
Last 1Y
5.87%p.a.
Last 3Y
5.57%p.a.
Last 5Y
7.31%p.a.
Since Inception
About SBI Magnum Low Duration Fund Institutional Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Low Duration Fund Institutional Growth scheme from SBI Funds Management Ltd. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Jul 2007, SBI Magnum Low Duration Fund Institutional Growth is Low Duration fund of its category with 12,130.72 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
- SBI Magnum Low Duration Fund Institutional Growth delivered 7.4% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
- SBI Magnum Low Duration Fund Institutional 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 investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.
Top 10 Holdings
7.3% Govt Stock 2028
12.44%
TRent Limited
4.00%
Larsen & Toubro Ltd.
2.88%
L&T Metro Rail (Hyderabad) Limited
2.66%
Power Finance Corporation Limited
2.65%
India Grid TRust
2.47%
Rural Electrification Corporation Limited
2.27%
7.93% Govt Stock 2033
2.12%
National Bank For Agriculture And Rural Development
2.10%
Bajaj Housing Finance Limited
2.07%
Fund Managers
- Rajeev Radhakrishnan (Jun 2008 - Present)
- Arun R. (Dec 2023 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Magnum Low Duration Fund Institutional Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Magnum Low Duration Fund Institutional 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 Low Duration Fund Institutional 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 Low Duration Fund Institutional 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
Similar Funds
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3Y Return
ICICI Prudential Savings Fund Growth
low to moderate risk | debt
6.5%
HDFC Low Duration Plan Growth
low to moderate risk | debt
6.0%
SBI Magnum Low Duration Fund Plan Growth
low to moderate risk | debt
5.9%
Frequently Asked Questions
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