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SBI Magnum Mutual Fund

SBI Magnum Mutual Fund schemes are designed with the primary objective to provide the investors with an opportunity to earn through regular dividends and capital gains. Magnum Mutual Funds from SBI are offered through SBI Mutual Fund, one among the largest mutual funds in India that has a huge investor base of more than 5.8 million. SBI MF is a joint venture between India's largest bank, State Bank of India and Societe Generale Asset Management, France. The company has a long experience of more than 20 years in fund management and it utilizes its expertise in delivering values to investors.

SBI Magnum Mutual Funds

State Bank of India offers a variety of mutual funds under the Magnum Fund schemes and they guarantee higher returns through investment in money market securities and debts. The following are some of the most popular SBI Magnum Mutual Funds that an eligible customer can avail.
  • Magnum COMMA Fund
  • Magnum Equity Fund
  • Magnum Global Fund
  • Magnum Index Fund
  • Magnum MidCap Fund
  • Magnum Multicap Fund
  • Magnum NRI Investment Fund - FlexiAsset Plan
  • SBI Magnum Taxgain Scheme 1993

SBI Magnum Equity Fund

SBI Magnum Equity Fund is one of the best investment schemes that offer the investors with long term capital gain by investing with high growth companies. It is a diversified equity fund that focuses on providing aggressive growth. Magnum equity fund is the ideal choice for those investors who want to earn benefit from the growth in the equity markets and who are comfortable with fluctuating attendant volatility. This State Bank of India mutual fund plan was introduced on 2nd January 1919 and the minimum application fee for this scheme is Rs. 1000.

SBI Magnum Mutual Fund NAV

Magnum mutual fund value and NAV are neither constant nor same for all the schemes. They keep on changing from time to time and they depend on the type of the mutual fund scheme. The following is the prevailing NAV and sale prices of some important SBI Magnum Mutual Fund products.

Products NAV Sales Price
Magnum Comma Fund 19.1 18.91
Magnum Equity Fund Growth 38.15 38.15
Magnum Global Fund 32.35 32.35
Index Fund Growth 43.2334 43.2334
MultiCap Dividend 16.64 16.64
Sector Funds Umbrella 24.93 24.93
MidCap Fund Growth 21.7 21.7

SBI Bank mutual fund application can be made from any of the personal banking branches of the bank. The application form is easily available at these branches and one can also get it online from the SBI website. SBI mutual fund statement can also be availed online by registering with the Mutual Fund website of the bank. For further details on mutual fund redemption form, mutual fund review and application process contact the SBI Mutual Fund customer care at 1 800 425 5425 from 8.00 to 22.00 hrs.
State Bank of India offers a number mutual fund schemes to eligible buyers in the Indian market. Get exclusive details on several Magnum Mutual Funds from the SBI MF website..



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