SBI Magnum Income Fund

 

  • The investment objective of SBI Magnum Income Fund (SBI MIF) is to provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities.
  • The portfolio switches actively among government and corporate debt depending on the market conditions.

Key Benefit

  • SBI Magnum Income Fund (SBI MIF) has the advantage of choosing among both G Sec and corporate bonds. While the G-sec portion gives the portfolio the necessary liquidity and flexibility to alter duration, the corporate bond portion delivers a good return to the portfolio.

This product is suitable for investors who are seeking*:
  • Regular income for medium term
  • Investment in Debt/Money Market/ Corporate Bonds/ Government securities.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


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Objectives

The objective of the scheme is to provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities.

Asset Allocation


Instrument Normal Allocation (% of Net Assets)  Risk Profile
Corporate debentures & Bonds/PSU/FI/Govt. Guaranteed Bonds / Other including Securitised Debt Upto 90% Low to Medium
Securitized Debt Not more than 10% of in debt Medium to High
Government Securities Upto 90% Low
Cash & Call Money Upto 25% Low
Money Market Instruments Upto 25% Low
Units of other Mutual Funds Upto 5% Low


Date of Inception 25/11/1998
Minimum Application Rs. 5000/-& in multiples of Rs. 1
 Additional Investment
Rs. 1000/-& in multiples of Rs. 1
Entry Load N.A.
Exit Load

For exit within one year from the date of allotment:
For 10% of investment: Nil
For remaining investment: 1.00%
For exit after one year from the date of allotment - Nil (w.e.f. February 13,
2014)

SIP

Monthly - Minimum 1000 & in multiples of 1 thereafter for maximum six months (or) minimum 500 & in multiples of 1 thereafter for minimum one year.

Quarterly – Minimum 1500 & in multiples of 1 thereafter for minimum one year.

SWP

Rs. 500 per month or quarter

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Nav's

PlanNavDate
SBI Magnum Income Fund - Direct Plan - Bonus23.719828-Sep-2016
SBI Magnum Income Fund - Direct Plan - Growth39.066228-Sep-2016
SBI Magnum Income Fund - Direct Plan - Quarterly Dividend 13.772128-Sep-2016
SBI Magnum Income Fund - Regular Plan - Quarterly Divided13.274028-Sep-2016
SBI Magnum Income Fund - Regular Plan - Bonus23.317128-Sep-2016
SBI Magnum Income Fund - Direct Plan - Dividend13.682128-Sep-2016
SBI Magnum Income Fund - Regular Plan - Growth38.482128-Sep-2016
SBI Magnum Income Fund - Regular Plan - Dividend12.606328-Sep-2016

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