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SBI Magnum Multicap Fund

The State Bank of India Magnum Multicap Fund is a veteran multi cap mutual fund launched in the year 2005. It comes in growth as well as dividend option. As on May 31st 2019, the fund has assets under management worth Rs. 7,581 crores. This fund has given an impressive 12.44% returns since its inception.

Overview of SBI Magnum Multicap Fund

Note: All information has been sourced from the official website of SBI Mutual Fund.

Investment Objective

The investment objective of SBI Multicap Fund is to provide investors with opportunities for long-term growth in capital along with the liquidity of an open ended scheme through an active management of investments in a diversified basket of equity stocks and in debt and money market instruments.

Investment Strategy

The fund follows a bottom-top approach to stock-picking and selecting companies across sectors/styles.

Statistics of SBI Multicap Fund

The statistics of this fund are as follows:

  • Inception/Launch Date: The SBI Magnum Multicap Fund was launched in September 29, 2005. It is an open ended equity multicap scheme.
  • Risk Level: The risk level of SBI Magnum Multicap Fund is moderately high.
  • Redemption: The units of this fund can be redeemed only after the expiry of the lock-in period from the date of allotment of units. Also, redemption will be done by a repurchase/buyback by the fund house.
  • Fund Manager: Mr. Anup Upadhyay has been managing the fund since February 2017. He has a total experience of 11 years in fund management.
  • Benchmark: S & P BSE 500 Index
  • Plans Available: Regular and Direct
  • Options Available: Growth and Dividend
  • Exit Load: For exit on or before 30 days from the date of allotment - 0.10%. For exit after 30 days from the date of allotment - Nil.
  • Minimum Lump sum: Rs. 1,000 and then in multiples of Re. 1

SBI Magnum Multicap Fund Performance

Top Holdings of SBI Magnum Multicap Fund

The top holdings of SBI Magnum Multicap Fund are as follows:

Top HoldingsWeightage
HDFC Bank Ltdk8.59%
Infosys Ltd6.51%
ICICI Bank Ltd4.90%
Kotak Mahindra Bank Ltd3.84%
Axis Bank Ltd2.90%
JK Cement Ltd2.82%
Larsen & Toubro Ltd3.16%
Gujarat State Petronet Ltd2.80%
ITC Ltd2.39%
State Bank of India2.68%

Why Invest in SBI Magnum Multicap Fund?

The SBI Magnum Multicap Fund is veteran fund which has shown successful and consistent performance over the years. It is a stable fund with an average return of 12%. If you are looking for a stable investment option with moderately high risk, this is a suitable investment option.

Documents required for SBI Magnum Multicap Fund

The documents required to purchase this fund are as follows:

  1. KCY - Proof of ID and Address
  2. Application Form
  3. PAN - Mandatory
  4. SIP/Auto Debit Form
  5. Bank Details/Statement

FAQs on SBI Magnum Multicap Fund

Is SBI Magnum Balanced Fund taxable?

Yes, since it is an equity hybrid mutual fund, it will be subject to income tax.

Is SBI Magnum Multicap Fund Tax Saver?

No, the SBI Magnum Multicap Fund does not come with any tax-saving benefit.

What is multicap equity fund?

A multicap equity fund is a type of mutual fund which primarily invests in stocks of companies which have a large and multi-diversified market capitalization.