SBI Magnum Monthly Income Plan - Floater

 

  • The investment objective of SBI Magnum Monthly Income Plan (SBI MMIP) - Floater is to provide regular income, liquidity and attractive returns to investors in addition to mitigating the impact of interest rate risk through investing in floating rate and fixed rate debt instruments, equity, money market instruments and derivatives.
  • On the debt side, SBI Magnum Monthly Income Plan (SBI MMIP) - Floater endeavours to provide income by investing in floating rate securities, money market instruments and fixed rate debt securities. SBI Magnum Monthly Income Plan (SBI MMIP) - Floater invests the equity portion across market capitalisation.

Key Benefit

  • SBI Magnum Monthly Income Plan (SBI MMIP) - Floater has the advantage of choosing among Government Securities, corporate bond and money market instruments while the flexibility to invest upto 15% of the portfolio in equity provides a booster to the portfolio returns.

This product is suitable for investors who are seeking*:
  • Long term capital appreciation and current income.
  • Investment in equity and equity related instruments as well as fixed income securities (debt and money market securities).
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


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Objectives

To provide regular income, liquidity and attractive returns to investors in addition to mitigating the impact of interest rate risk through an actively managed portfolio of floating rate and fixed rate debt instruments, equity, money market instruments and derivatives.

Asset Allocation


Instrument Normal Allocation (% of Net Assets)  Risk Profile
Equity and equity related instruments including derivatives 0% - 15% Medium to High
Debt and debt related instruments including derivatives 85% - 100% Low to Medium
Of which Floating Rate Debt, Money Market instruments and derivatives+ 65% - 100% Low to Medium
Fixed Rate Debt, Money Market instruments and derivatives 0% - 20% Low to Medium
Securitized Debt Not more than 10% investment in debt instruments Medium to High

+Investments in floating rate securities and money market instruments would constitute at least 65% of the net asset of the scheme while the balance would be invested in fixed rate securities and/or equity related instruments.

Date of Inception 21/12/2005
Minimum Application Rs. 5000/- & in multiples of Rs. 1
Additional Investment
Rs. 1000/- & in multiples of Rs. 1
Entry Load NA
Exit Load For exit within 12 months from the date of allotment:
For 10% of investment: Nil
For remaining investment: 1.00%
For exit after 12 months from the date of allotment - Nil
SIP Monthly - Minimum Rs. 1000 & in multiples of Rs. 1 thereafter for minimum six months or minimum Rs. 500 & in multiples of Rs. 1 thereafter for minimum one year.
Quarterly - Minimum Rs. 1500 & in multiples of Rs. 1 thereafter for minimum one year.
SWP Rs. 500 per month or quarter.

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Nav's

PlanNavDate
SBI Magnum Monthly Income Plan Floater - Regular Plan - Monthly Dividend12.303229-Sep-2016
SBI Magnum Monthly Income Plan Floater - Regular Plan - Quarterly Dividend12.650129-Sep-2016
SBI Magnum Monthly Income Plan Floater - Direct Plan - Monthly Dividend12.579629-Sep-2016
SBI Magnum Monthly Income Plan Floater - Direct Plan - Quarterly Dividend13.567429-Sep-2016
SBI Magnum Monthly Income Plan Floater - Regular Plan - Annual Dividend15.303729-Sep-2016
SBI Magnum Monthly Income Plan Floater - Direct Plan - Growth23.789229-Sep-2016
SBI Magnum Monthly Income Plan Floater - Direct Plan - Annual Dividend15.712129-Sep-2016
SBI Magnum Monthly Income Plan Floater - Regular Plan - Growth23.204529-Sep-2016

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