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

INVEST VIA NRE/NRO

SBI Magnum Medium Duration Fund Growth for NRI [46.32]

Min Investment

₹5,000

Fund Size

₹6,307.77 Cr

Expense Ratio

1.2%

Exit Load

1.5%

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

₹46.32

0.03%

NAV as on 27 Apr 24, 12:00 AM

moderately high risk

medium duration

debt

NAV as on 27 Apr 24, 12:00 AM

moderately high risk

medium duration

debt

6.62%p.a.

Last 1Y

5.46%p.a.

Last 3Y

7.46%p.a.

Last 5Y

7.79%p.a.

Since Inception

About SBI Magnum Medium Duration Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Medium Duration Fund Growth scheme from SBI Funds Management Ltd. It is a Medium Duration mutual fund scheme that predominantly invests in Medium Duration stocks of companies. Launched on Nov 2003, SBI Magnum Medium Duration Fund Growth is Medium Duration fund of its category with 6,307.77 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Medium Duration funds.

  • SBI Magnum Medium Duration Fund Growth delivered 6.6% annual returns during the last year. It has delivered 7.8% average annual returns since the fund was launched.
  • SBI Magnum Medium Duration 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 investors an opportunity to generate attractive returns with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years - 4 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.

Top 10 Holdings

7.18% Govt Stock 2033

13.08%

7.18% Govt Stock 2037

10.05%

Godrej Properties Limited

5.16%

Tata Housing Development Company Limited

4.77%

Jamnagar Utilities And Power Private Limited

3.98%

Avanse Financial Services Limited

3.97%

Jindal Stainless Limited

3.71%

JM Financial Asset Reconstruction Company Limited

3.70%

Mahanagar Telephone Nigam Limited

3.56%

Yes Bank Limited

3.44%

Fund Managers

  1. Rajeev Radhakrishnan (Nov 2023 - Present)
  2. Lokesh Mallya (Dec 2023 - Present)
  3. Mohit Jain (Nov 2017 - Present)
  4. Pradeep Kesavan (Dec 2023 - Present)

Key Information

View Scheme Document

SBI Magnum Medium Duration 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 Medium Duration 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 Medium Duration 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 Medium Duration 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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