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  • SBI Magnum Midcap Fund - Direct Plan - Growth

    SBI Magnum Midcap Fund(G)-Direct Plan
    Dividend Yearly
    NA
    Category
    Equity - Mid Cap
    52-week NAV high
    92.87  (As on 09-01-2018)
    52-week NAV low
    67.22  (As on 09-10-2018)
    Expense
    1.35%  (As on 31-10-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns -2.10 -9.01 -9.43 -17.42 2.26 5.96 8.13 19.50 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Jan 01, 2013
    Last Dividend
    NA
    Minimum Investment
    5000
  • SBI Mutual Fund, the asset management wing of India’s largest lender SBI, is one of the largest investment management firms in the country. The company is renowned for its diverse offerings that provide investment options in various schemes including equity funds, debt funds, hybrid funds, etc. SBI Magnum Midcap Fund is an equity scheme offered by SBI. This fund focuses on providing long-term capital growth through investments made in equity and equity-related securities of midcap companies in the market.

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

    This fund focuses on providing long-term capital growth along with the option of liquidity to investors. Returns are generated mainly through investments made in equity or equity related instruments of midcap companies in the market. It invests in a well-diversified portfolio of equity stocks that has a blend of growth and value. Stocks are picked using a bottom-up approach on companies in different sectors.

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

    Some of the notable features of SBI Magnum Midcap Fund are provided in the following table:

    Type of fund Open-ended equity scheme
    Plans available This plan is available in different variants such as Regular - Dividend, Regular - Growth, Direct - Dividend, and Direct - Growth.
    Options under each plan Growth option
    Systematic Investment Plan Available
    Systematic Transfer Plan Available
    Systematic Withdrawal Plan A minimum amount of Rs.500 can be withdrawn every week, month, quarter, or half-year by notifying the registrar.
    Risk Moderately high

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

    Minimum application amount Rs.5,000 and in multiples of Re.1 thereafter
    Minimum additional investment Rs.1,000 and in multiples of Re.1 thereafter
    Minimum installment for Systematic Investment Plan (SIP) Monthly - minimum Rs.1,000 and in multiples of Re.1 thereafter for a minimum of 6 months or minimum Rs.500 and in multiples of Re.1 thereafter for a minimum of 12 months Quarterly - minimum Rs.1,500 and in multiples of Re.1 thereafter for a minimum of one year Semi-annual - minimum Rs.3,000 and in multiples of Re.1 thereafter (minimum 4 installments) Annual - minimum Rs.5,000 and in multiples of Re.1 thereafter (minimum 4 installments)
    Minimum installment for Systematic Withdrawal Plan (SWP) Rs.500 (weekly, monthly, quarterly, half-yearly, or annually)
    Minimum installment for Systematic Transfer Plan (STP) For SBI Magnum Taxgain Scheme - minimum Rs.500 and in multiples of Rs.500 for both daily and weekly STP For other schemes - minimum Rs.500 and in multiples of Re.1 for daily STP & minimum Rs.1,000 and in multiples of Re.1 for weekly STP
    Entry load Not applicable
    Exit load
    • 1% if exiting within one year from the date of allotment
    • No exit load if exiting after one year from the date of allotment

    *Note: If the account balance falls below the minimum redemption amount as a result of repurchase, the fund will reserve the right to compulsorily redeem the fund after providing a 30-day notice to the investor for making additional investments.

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

    Instrument Allocations (percentage of total assets) Risk profile
    Minimum Maximum
    Equity and equity related instruments of midcap companies 65% 100% High
    Other equity and equity related instruments 0% 35% High
    Units issued by REIT/InVIT 0% 10% Medium to High
    Debt instruments 0% 35% Medium
    Money market instruments 0% 35% Low

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

    The following list of entities may invest in SBI Magnum Midcap Fund - Direct Plan - Growth by filing an application with the company:

    • Adult individuals, either singly or jointly (not exceeding three)
    • Parents or legal guardians of minors (on behalf of minors)
    • Companies or corporate entities
    • Public sector undertakings
    • Associations
    • Societies registered under Societies Registration Act, 1860
    • Religious and charitable trusts
    • Private trusts authorized to invest in mutual funds
    • Partnership firms
    • Hindu undivided families
    • Banks and other financial institutions
    • Non-resident Indians
    • Foreign institutional investors registered with SEBI
    • Other mutual funds (fund of fund schemes)
    • International multilateral agencies
    • Qualified Foreign Investors (QFIs)
    • Scientific and International Research Organisations
    • Foreign Portfolio Investors

    *Note: The above-mentioned list is indicative. Prospective investors are advised to consult with their financial advisors to check if this scheme is suitable to them.

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

    The company will calculate and disclose the NAV of this fund at the close of every business day. SBI will endeavor to publish the NAV of this fund in at least two daily newspapers that are circulated throughout the country. On every business day, NAV will also be updated in the website of Association of Mutual Funds (www.amfiindia.com) by 9.00 PM.

    In order to maintain transparency, the company will disclose portfolio of one calendar month in its official website on or before 10th of the succeeding month in the prescribed format. In line with SEBI’s regulations, the scheme portfolio’s complete statement will be published in one English paper circulating across the country and in one regional language paper (of a specific region) where a head office of the fund house is located. This statement will be published within one month after the close of each half year. Alternatively, this statement can also be mailed to unitholders.

    The benchmark index of this scheme is Nifty Free Float Midcap 150.

    SBI Magnum Midcap Fund Manager

    The fund manager for SBI Magnum Midcap Fund is Ms.Sohini Andani, who has a total experience of 23 years in this industry. She has managed this fund since July 2010.

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

    Some of the investment restrictions of this fund can be listed as follows:

    • This scheme’s total investments in debt instruments such as money market instruments and non-money market instruments issued by a single issuer shall not exceed 10% of its NAV.
    • The scheme’s total investments in unrated debt instruments issued by a single issuer shall not exceed 10% of its NAV. Total investments in these instruments shall not exceed 25% of its NAV.
    • Investment restrictions that are applicable to debt instruments shall also apply to debentures irrespective of any residual maturity period.
    • This fund’s ownership of any company’s paid up capital carrying voting rights shall not exceed 10%.
    • This fund allows transfer of investments from one scheme to another only if the transfers are done at the prevailing market price and the transferred securities conform to the fund’s investment objective.
    • This fund shall buy and sell securities on the basis of deliveries.
    • This fund may invest in short term deposits of commercial banks subject to the guidelines issued by the board.
    • The interscheme investment made by this scheme within the same company or a different company shall not exceed 5% of the NAV.
    • This scheme shall engage in derivative transactions in recognized stock exchange as per the guidelines issued by the Board.
    • This scheme shall not invest in unlisted securities or private placements.
    • This scheme’s investment in equity or equity related instruments of any companies shall not exceed 10% of the NAV. The investment in unlisted equity shares or equity related instruments shall not exceed 5% of the NAV.
    • This scheme shall not make any investments in Fund of Funds scheme.
    • This scheme shall not provide any loan for any purpose.
    • The total exposure of the scheme to a particular sector shall not exceed 25% of its net assets. Additional exposure compared to this specified limit shall be allowed only to Housing Finance Companies.
    • When it comes to REIT and InVIT, the company shall not own more than 10% of the schemes issued by a single issuer.

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

    The mutual fund is not assuring any dividends for its investors. In the dividend option of the mutual fund, the declaration of dividend is subject to the availability of excess distributable profits and the performance of the fund. In the growth option, any income attributable to investors will continue to be invested in the scheme and the net proceeds will be reflected in the net asset value of the scheme.

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

    The company offers the following special products for its investors:

    • Systematic Investment Plan (SIP): This option allows policyholders to invest a certain amount periodically rather than paying the lump sum. This helps investors average out the cost of investment over a specific period (say, 6 months or 1 year) thereby overcoming short-term fluctuations in the market.
    • Systematic Withdrawal Plan (SWP): This option allows investors to withdraw a fixed amount from the fund on a weekly, monthly, quarterly, half yearly, or annual basis. Investors can let the company know when they wish the SWP to begin. The company will process the requests on specific dates and the amount will be credited accordingly.
    • Systematic Transfer Plan (STP): This option involves the combination of withdrawal from one scheme and investment in another scheme. Here, a predetermined amount will be transferred from one mutual fund to another. Investors can also choose the period to proceed with the transfer.
    • Top-up SIP: This is a facility wherein an investor can increase the SIP installment by a fixed amount at a certain period. This is a flexible facility that allows investors to invest a higher amount during the tenure of an SIP.
    • Switchover facility: This facility allows investors to switch between the two options (growth and dividend) options of the fund with ease. The company will have certain conditions that must be met by investors in order to proceed with the switchover facility.

    *Note: All the special products available with the company can be found in the fund’s scheme document.

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

    This scheme has over Rs.3,500 crore worth of assets under management as of 30 June 2018. This fund delivers a solid output for investors with great returns on investments. The growth plan of the fund has witnessed a 23.98% growth over the last five years. Since there is no exit load after one year, investors are free to withdraw their funds anytime without worrying about the exit load. The flexible options and high returns offered by this fund make this one of the popular choices among investors in the market.

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