SBI Magnum Multicap Fund-Reg (G)

The SBI Magnum Comma Fund-Regular Plan-Growth is ideal for investors who wish to invest in equities of commodity firms and has the below-given features:

Investment amount for SBI Magnum Comma Fund

Asset Allocation for SBI Magnum Comma Fund

Who can invest in SBI Magnum Comma Fund?

The below-mentioned entities/persons are eligible to subscribe to the units of SBI Magnum Comma Fund:

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. Association of Persons or Body of Individuals
6. Corporate bodies and companies registered in India
7. Partnership firms in the name of any one of the partner
8. Proprietorship in the name of the sole proprietor
9. Universities and educational institutions
10. Religious and Charitable Trusts, Wakfs or endowments of private trusts
11. Financial institutions and banks (including Regional Rural Banks and Co-operative Banks)
12. SEBI registered Foreign Portfolio Investor
13. Scientific and Industrial Research Organisations
14. International Multilateral Agencies approved by the RBI and Government of India
15. Army, Navy, Air Force, and other paramilitary funds
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 Comma Fund

The Net Asset Value (NAV) is the value per unit of the scheme at the close of every business day. Investors can ascertain the value of their investments by multiplying the unit balance with the NAV. 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 p.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 Commodities Index

Fund Manager

Mr. Richard D'souza

The SBI Magnum Comma Fund-Regular Plan-Growth has been managed by Mr. Richard D'souza since August 2014. He has more than 26 years of work experience as a portfolio manager in equity segment. He also manages the SBI Infrastructure Fund and SBI PSU Fund.

Investment Restrictions on SBI Magnum Comma Fund

According to the guidelines laid down by the Securities and Exchange Board of India (SEBI), the following restrictions will apply to the investors in the SBI Magnum Comma Fund:

1. The scheme will not be allowed 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.
2. The restrictions applicable on debentures, irrespective of the residual maturity period, will be the same as the one that applies to debt securities.
3. The scheme is not permitted to make any investments in any security issued by a 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 the sponsor's group companies over 25% of the net assets.
4. The scheme is not allowed to invest in any Fund of Funds scheme.
5. The scheme shall not invest over 10% of its NAV in debt securities which are unrated and are issued by a single issuer and the total investment in such securities cannot be more than 25% of the scheme's NAV.
6. The scheme will not be permitted to advance any loan for any purpose.
7. The scheme can invest in another scheme of any other mutual fund or the same asset management firm without charging any fees.
8. The scheme will not be allowed to invest above 10% of its NAV in the equity of any firm and will not be permitted to invest above 5% of its NAV in the unlisted equity shares or equity related securities.

Other Facilities under SBI Magnum Comma Fund

The SBI Magnum Comma Fund offers the below facilities for the benefit of 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 Comma Fund

1. Optimal returns - Since the SBI Magnum Comma Fund invests in stocks of Oil and Gas, Materials, Metals, Agriculture, and other commodity related sectors, it has a potential to generate optimal capital returns for the investor.
2. 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 dividend and growth option to achieve capital growth.
3. 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 as an SIP, investors get an opportunity to earn the most favourable returns on their investment over a long term.
4. Additional benefits - Like any other open-ended scheme of SBI Mutual Fund, the SBI Magnum Comma Fund also comes with the Dividend Transfer Plan in which the declared dividend under an open-ended scheme is automatically invested into another open-ended scheme. A minimum amount of Rs.250 earned as dividend is eligible to be transferred.
5. Loan facility - The unit holders of SBI Magnum Comma 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.

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