SBI Funds Management Pvt. Ltd., which was formed in a partnership between SBI and France-based AMUNDI, is one of the largest asset management firms in the country. The company, which invests in domestic mutual funds and offshore funds, manages the investments of more than 5.4 million customers. The asset management firm also offers portfolio management and advisory services and the option to invest in Alternative Investment Funds.
SBI Magnum Global Fund is an open-ended equity scheme that invests in firms that follow the MNC theme. The Dividend option under the Regular Plan of this fund will help investors receive regular payouts during the investment tenure in the form of dividends. Thus, the Dividend option is ideal for investors who are in need of a steady flow of income, and not just capital appreciation during the investment tenure.
This scheme aims to offer capital appreciation in the long-term for investors by making investments in a diversified portfolio that mainly comprises of multinational corporations or MNCs.
A few important features of the SBI Magnum Global Fund - Regular Plan - Dividend are mentioned in the table below:
Type of fund | Open-ended equity scheme that invests in firms that follow the MNC theme |
Plans available |
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Options under each plan | Both plans have two options - Dividend option and Growth option. Under the Dividend option, unitholders will be provided the facilities for payout, reinvestment, and transfer of dividend. The default option is the Growth option. The default sub-option under the Dividend option is Payout. |
Risk | High risk |
Systematic Investment Plan | Available |
Systematic Transfer Plan | Available |
Systematic Withdrawal Plan | Available |
Minimum application amount | Rs.5,000 and subsequently in multiples of Re.1 |
Minimum additional investment | Rs.1,000 and subsequently in multiples of Re.1 |
Minimum installment for Systematic Investment Plan (SIP) |
|
Minimum installment for Systematic Withdrawal Plan (SWP) | A minimum sum of Rs.500 can be withdrawn on a monthly/quarterly/bi-annual/annual basis |
Minimum amount for Systematic Transfer Plan (STP) |
|
Entry Load | Not applicable |
Exit Load |
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*Note: Investors will be required to maintain the specified minimum balance in their accounts. If the balance falls under the minimum redemption amount due to repurchase, the units of the scheme may be compulsorily redeemed at the applicable repurchase price.
Instruments | Allocations (Percentage of total assets) | Risk Profile | |
Minimum | Maximum | ||
Equity-related and equity instruments of MNC companies including foreign securities and derivatives | 80% | 100% | High |
Other equity-related and equity instruments | 0% | 20% | High |
Debt instruments (including securitised debt) | 0% | 20% | Medium |
Units issued by InVIT/REIT | 0% | 10% | Medium to High |
Money market instruments | 0% | 20% | Low |
The following entities can invest in this scheme:
The net asset value of the scheme will be calculated and declared by the asset management company on every business day. The NAV will be published in a minimum of two daily newspapers. Further, the NAV will also be declared on www.amfiindia.com and www.sbimf.com. The formula to calculate the NAV is as follows:
NAV = Fair/Market Value of a Scheme's Investments + Current Assets - Current Liabilities and Provision/Total Number of Units that are outstanding under the Scheme as on the Valuation Date.
Given that this is an open-ended scheme, unitholders can redeem or make fresh purchases at the NAV-based price on all business days. The benchmark index of this scheme is Nifty MNC Index.
The fund manager for this fund is Mr. Anup Upadhyay. He has been in charging of managing investments under this fund since May 2018.
Investment Restrictions of SBI Magnum Global Fund - Regular Plan - Dividend
A few investment restrictions that are applicable to this scheme are as follows:
*Note: The above-mentioned list of investment restrictions is not exhaustive. The complete list of investment restrictions can be found in the Scheme Information Document.
Under the Dividend option of this fund, the trustees may declare dividends if the distributable surplus is available under the scheme.
Other facilities under SBI Magnum Global Fund - Regular Plan - Dividend
Any individual who is looking for long-term capital appreciation by way of investing in equity securities of multinational corporations can invest in this scheme. This scheme is best suited to those investors who wish to earn market-linked returns by investing in a scheme with a high-risk profile.
GST rate of 18% applicable for all financial services effective July 1, 2017.
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