SBI Magnum Global Fund-Reg(G)

The SBI Magnum Global Fund-Regular Plan-Growth is ideal for investors who wish to invest in equities of multinational companies (companies listed on foreign exchanges) and exhibits the below-given features:

Investment amount for SBI Magnum Global Fund

Asset Allocation for SBI Magnum Global Fund

Who can invest in SBI Magnum Global Fund?

Subscription to the units of SBI Magnum Global Fund can be done by the below-given persons/entities:

1. Adult individuals residing in India, either singly or jointly (cannot exceed 3 people)
2. Minors through a legal guardian or parent
3. Persons of Indian Origin (PIO)/Non-Resident Indians (NRIs), on repatriation or non-repatriation basis
4. Hindu Undivided Families
5. Corporate bodies and companies registered in India
6. Partnership firms in the name of any one of the partners
7. Association of Persons or Body of Individuals
8. Proprietorship in the name of the sole proprietor
9. Universities and educational institutions
10. SEBI registered Foreign Portfolio Investor
11. Scientific and Industrial Research Organisations
12. International Multilateral Agencies approved by the RBI and Government of India
13. Army, Navy, Air Force, and other paramilitary funds
14. Religious and Charitable Trusts, Wakfs or endowments of private trusts
15. Financial institutions and banks (including Regional Rural Banks and Co-operative Banks)
16. Pensions/Gratuity/Provident Fund to a permissible extent
17. AMC/Trustee or Sponsor or their associates
18. Mutual fund schemes registered with SEBI (Securities and Exchange Board of India)

NAV Disclosure and Benchmark for SBI Magnum Global Fund

The Net Asset Value (NAV) is the value per unit of the scheme at the close of every business day. Investors can determine the value of their investments by multiplying the NAV with the unit balance. The NAV of the scheme for every business day will be calculated and displayed the next day on the website of SBI Mutual Fund - www.sbimf.com and on the website of AMFI - www.amfiindia.com by 9:00 a.m. The NAV will also be sent for publication daily in 2 newspapers with nationwide circulation.

Liquidity: Being an open-ended scheme, the purchases and redemptions can be done on any business day at the applicable NAV.

Benchmark Index: NIFTY MNC Index

Fund Manager

Mr. Anup Upadhyay

The SBI Magnum Global Fund has Mr. Anup Upadhyay has the fund manager and he has over 13 years of experience in the financial services domain. He heads the research division and is also a fund manager for other funds - SBI Equity Opportunity Fund Series, SBI Technology Opportunities Fund, and SBI Magnum Multicap Fund.

Investment Restrictions on SBI Magnum Global Fund

The Securities and Exchange Board of India (SEBI) has laid down the below-given investment restrictions on the subscription to the units of SBI Magnum Global Fund:

1. The scheme is not allowed to make any investments in any security issued by group company or associate of the sponsor through private placement, any security which is unlisted by a group company or associate of the sponsor, and the listed securities of sponsor's group companies over 25% of the net assets.
2. The scheme will not be permitted to invest above 10% of its NAV in debt securities comprising money and non-money market securities issued by a single issuer and have to be rated higher than the investment grade. This limit is expandable up to 12% of the scheme's NAV provided it receives approval from the Trustees and Board of Directors.
3. The scheme should ensure that the debt schemes in a mutual fund group have a total exposure that is not above 20% of the scheme's net assets. The limit can be extended to up to 25% upon approval from the board of trustees.
4. Under all its schemes, the fund house cannot own above 10% of any firm's paid-up capital carrying voting rights.
5. The scheme can invest in different schemes under the same fund house or a different mutual fund with no fees charged and such investments cannot be more than 5% of the fund's net asset value.
6. Fund of Funds (FoF) investments are not permissible under the scheme.
7. The fund will not invest above 10% of its NAV in REIT and InvITs units, and above 5% of its NAV in the REIT and InvITs that have been issued by a single issuer.
8. The scheme shall not invest above 10% of its NAV in equity and its related securities which are unlisted.

Other Facilities under SBI Magnum Global Fund

The below benefits are offered by SBI Magnum Global Fund for its investors:

1. Systematic Investment Plan
2. Systematic Withdrawal Plan
3. Systematic Transfer Plan (STP)
4. Flex Systematic Transfer Plan
5. Swing STP
6. Capital Appreciation Systematic Transfer Plan
7. Switchover Facility

Why you should invest in SBI Magnum Global Fund

1. Low investment amount - Investors need not invest a huge amount of capital to grow their wealth. Only for a lump sum amount of Rs.5,000 and Rs.1,000 per month through an SIP, investors can earn the most favourable returns on their investment over a long term.
2. Loan facility - Investors in SBI Magnum Global Fund can procure a loan against their units from any bank provided that it meets the guidelines issued by the Reserve Bank of India (RBI) and the respective bank.
3. Offers various investment options - The scheme offers many choices to cater to the different needs of investors. For investors who are looking for a low expense ratio can invest in the direct plan whereas for those who are okay to shell out a higher fee for fund management can opt for the regular plan. Investors also have the option to choose between growth and dividend option to achieve capital growth.
4. Professional management - The fund manager managing the SBI Magnum Global Fund has many years of experience in professionally managing investments so you can rest assured that your capital is managed prudently.
5. Optimal returns - Since the scheme invests in stocks of multinational companies, it has a potential of returning most favourable returns. Multinational companies are those whose major shareholder is a foreign entity, companies listed in foreign exchanges, and Indian companies whose over 50% of the turnover comes from regions outside India.

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