SBI Magnum Midcap Fund Direct

The SBI Magnum Midcap Fund is an actively managed, open-ended equity fund that invests heavily in the midcap segment of the market. The fund seeks to provide investors with long-term capital appreciation through investments in equity stocks of midcap companies. The fund was launched on March 29th, 2005. As this fund has a large exposure to equity stocks it is prone to market volatility. Investors in this fund should expect regular fluctuations and should have investment horizons of at least 5 years to see reasonable returns.
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Scheme Type
Open-ended
Scheme Category
Mid-Cap
Benchmark Type
Nifty Midcap 200 Index
Scheme AUM (in Crs.)
₹ 3299.06
Expense Ratio
1.35%
Scheme Class
Equity
AMC AUM (in Crs.)
₹ 264353
Min Subscription
₹ 5000
Min Addition Subscription
₹ 1000
Performance
Comparison
Portfolio
Details
Analysis
74.9339
(-0.33 %)
NAV as on 2019-01-18
Performance Info
The SBI Magnum Midcap Fund saw its best performance between March 2009 and March 2010. The fund under-performs in investment horizons of up to 3 years and marginally outperforms its category in a 5-year investment horizon. The fund generates high returns in 7-year investment cycles when compared to its category. As this fund is operating in the mid-cap segment of the market it is prone to high volatility.
Returns
Fund
SBI Magnum Midcap Fund Direct
1 Year
-17.05%
3 Year
9.47%
5 Year
18.92%
AMC Details
amc launch date
Launch Date
29 Jun 1987
amc sponsor
Sponsor
NA
amc email
Email
partnerforlife@sbimf.com
amc phone
Phone
022 - 61793000
amc address
Address
191"E", Maker Tower,Cuffe Parade, Mumbai - 400 005
Tax Implications
Short Term Capital Gain (Holding period < 12months):
17.16% - 17.94%
(15% + Surcharge @ 10%-15% + 4% Health & Education Cess.)
Long Term Capital Gain:
10% without indexation & without foreign currency conversion benefit + Surcharge @10%-15% + 4% Health & Education Cess
Taxation on Dividends:
10%
(Dividend Distribution Tax is paid by the mutual funds and not by investors.)
Risk
Moderately High
Exit Load
Exit load of 1% if redeemed within 1 year
Scheme Information Document (SID)
Read mutual fund scheme information document on AMC website to know fund information in detail.
Objective
To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well diversified basket of equity stocks of Midcap companies.
Suitability
The SBI Magnum Midcap Fund is suitable for investors that are seeking long-term capital appreciation with investments horizons or more than 5 years. Investors in this fund should have a high appetite for risk as this is a midcap fund.
SIP/Lump Sum Calculator
Enter Investment Amount
For how many years?
0.5 Yrs
1,000
Investment per month for 0.5 Years
5,709
Portfolio Value
-291
Total Returns