SBI Magnum Global Fund (G) - Direct Plan

Performance

SBI Mutual Fund is one of the largest asset management companies in the country with a wide customer base in different parts of the country. The company offers a diverse range of funds based on the specific requirements of policyholders. Investors can choose from equity funds, debt funds, hybrid funds, and other solution-oriented schemes. With over 30 years of experience in fund management, the company aims to provide high returns for its clients.

SBI Magnum Global Fund - Direct Plan - Growth is an equity scheme that primarily aims to provide capital appreciation for unitholders. In addition to equities, the fund also invests a small portion in debt instruments to ensure that the risk is mitigated to some extent.

Investment objective of SBI Magnum Global Fund - Direct Plan - Growth

This scheme aims to generate long-term capital appreciation through investments made in equity stocks of MNC companies. This fund will ensure a diverse portfolio to ensure that the risk is mitigated to a certain extent.

Key features of SBI Magnum Global Fund - Direct Plan - Growth

The key features of SBI Magnum Global Fund - Direct Plan - Growth are listed as follows:

Investment amount for SBI Magnum Global Fund - Direct Plan - Growth

*Note: The systematic transfer plan can be implemented without maintaining any kind of minimum balance in the account.

Asset allocation for SBI Magnum Global Fund - Direct Plan - Growth

Who can invest in SBI Magnum Global Fund - Direct Plan - Growth

Entities that are eligible to invest in SBI Magnum Global Fund - Direct Plan - Growth are listed as follows:

• Adult individuals residing in India, either singly or jointly (not exceeding three)
• Parents or legal guardians on behalf of minors
• Companies or corporate entities
• Public sector undertakings
• Partnership companies formed under Partnership Act, 1932
• Societies registered under Societies Registration Act, 1860
• Religious and charitable trusts
• Private trusts that are authorized to invest in mutual funds
• Partnership companies
• Hindu undivided families
• Other mutual funds
• Non-resident Indians or people of Indian origin
• Foreign institutional investors registered with SEBI
• Eligible funds of army, airforce, navy, and other paramilitary forces
• Banks and other financial institutions
• Qualified Foreign Investors (QFIs)
• International multilateral agencies approved by the Government of India
• Scientific and International Research Organisations
• Foreign Portfolio Investors

*Note: The list given above is only indicative. Prospective investors may check directly with the company or consult with their financial advisors to check if this scheme is suitable for them.

NAV Disclosure and Benchmark for SBI Magnum Global Fund - Direct Plan - Growth

The NAV of the fund will be calculated and disclosed by the company on every business day. Subject to the regulations put forth by SEBI, the NAV of the fund will be published in at least 2 daily newspapers that circulate throughout the country. The fund’s NAV information will also be published in the company’s official website (www.sbimf.com) on every business day. Also, investors can view the NAV information of a particular day on the website of Association of Mutual Funds (www.amfiindia.com) by 9.00 p.m. on the same business day.

The company maintains transparency by disclosing its portfolio information on its official website (www.sbimf.com). Portfolio information till the last day of a particular month is disclosed within the 10th of the succeeding month in the website. As per the regulations put forth by SEBI, the fund publishes the complete scheme portfolio as an advertisement in a major English newspaper that circulates throughout the country at the end of every six months. The portfolio statement will also be published in one regional language newspaper where the fund’s head office is located. This statement will be published within one month after the close of each half year. Alternatively, the scheme portfolio can also be sent through mail.

This benchmark index of this scheme is Nifty MNC Index.

SBI Magnum Global Fund - Direct Plan - Growth Fund Manager

This fund is currently being managed by Mr. Anup Upadhyay who has over 11 years of experience in SBI Financial Management. He has been managing this fund since May 2018.

Investment restrictions of SBI Magnum Global Fund - Direct Plan - Growth

As per the investment policies outlined by SEBI, the following restrictions apply to SBI Magnum Global Fund - Direct Plan - Growth:

• The fund may not invest more than 10% of its NAV in debt instruments including money market instruments and non-money market instruments issued by a single issuer. This can be increased to 12% after approval from the company’s Board of Trustees and Board of Directors.
• Investments in unrated debt instruments issued by a single issuer shall not exceed 10% of the fund’s NAV. The overall investment in these instruments shall not exceed 25% of the NAV.
• The fund’s total exposure to a particular sector shall not exceed 25% of the scheme’s net assets.
• Total exposure of debt schemes of mutual funds in a group is restricted to 20% of the scheme’s net assets. This can be extended to 25% after prior approval from the Board of Trustees.
• The investment restrictions that apply to debt instruments may also apply to debentures.
• Ownership of any company’s paid up capital carrying voting rights is restricted to a maximum of 10%.
• Transfer of funds from one scheme to another is allowed on condition that a) such transfers are done at the prevailing market price of those securities and b) the investment objective of the target scheme is satisfied during those transfers.
• Inter-scheme investments made in other schemes offered by SBI or other mutual funds in India shall not exceed 5% of the fund’s net assets.
• Purchase and sale of securities by the mutual fund shall be done on the basis of deliveries.
• When the investments are of long-term nature, purchase and sale of securities shall be done in the name of the fund.
• The scheme may park its funds temporarily (not exceeding 91 days) in short-term deposits of major commercial banks, subject to the guidelines specified by SEBI.
• The fund shall not invest in any of the following items:

1. unlisted securities of the sponsor’s associate or group company
2. private placement securities issued by the sponsor’s associate or group company
3. listed securities of the sponsor’s group companies that exceed 25% of the net assets

Dividend policy of SBI Magnum Global Fund - Direct Plan - Growth

The fund shall declare dividends based on the availability of surplus distributable funds. The right to declare dividends rests with the Trustees of the fund. Dividends are paid to investors only under the Dividend plan offered by this fund. If the growth option is chosen, the focus is solely on capital appreciation rather than generating income through dividends.

Other facilities under SBI Magnum Global Fund - Direct Plan - Growth

Some of the special products available with SBI Magnum Global Fund - Direct Plan - Growth are listed as follows:

• Systematic Investment Plan (SIP): This facility enables investors to invest a fixed amount in the fund periodically. This facility is ideal for people who cannot invest a large sum in one go. Moreover, it allows investors to average out the cost of their investments and overcome the short-term fluctuations in the market.
• Any day SIP facility: This works similar to a regular systematic investment plan. Here, investors can select their SIP date of the month (1st to 30th) as their SIP installment payment date. If the chosen day during a month falls on a holiday, the next business day will be considered for SIP processing.
• Top-up SIP facility: This facility allows investors to increase their SIP installment by a certain amount at predefined levels. By opting for this facility, investors can have the option of investing a higher amount within the SIP tenure.
• Systematic Withdrawal Plan (SWP): Under this facility, investors can withdraw a certain amount from their fund periodically. Investors can choose the amount to be withdrawn and the frequency of withdrawal while opting for this facility. This facility ensures that investors get some income from their corpus periodically.
• Systematic Transfer Plan (STP): In this facility, a specific amount chosen by the investor is transferred from one scheme to another. This is subject to the regulations of minimum withdrawal amount from the source scheme and the minimum investment amount in the target scheme. The frequency of transfer can also be chosen by the investor subject to the mutual fund regulations.
• Switchover facility: By choosing this facility, investors can switch between the two plans offered by this scheme - Growth and Dividend. Switchover will be done at the per unit NAV price applicable at the time. Additional taxes and loading charges may also apply while using this facility.

*Note: Detailed information about the special products available with the scheme can be found in the fund’s scheme document.

Why should you invest in SBI Magnum Global Fund - Direct Plan - Growth

This fund holds a diverse portfolio of equity stocks from top MNC companies trading in India. The overall assets under management of this scheme is Rs.3,429.1 crore as of 30th June 2018. Though the risk is high in this scheme, investors have the potential of generating higher returns compared to other schemes. There is a great potential for long-term growth through investments made in equity and equity related instruments. In the last 5 years, the fund has witnessed 19.97% growth. This makes it an ideal scheme for investors who have a higher risk appetite.

GST rate of 18% applicable for all financial services effective July 1, 2017.