NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth for NRI [36.34]

Min Investment

5,000

Fund Size

8,676.54 Cr

Expense Ratio

0.9%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

36.34

0.04%

NAV as on 26 May 24, 12:00 AM

low to moderate risk

government bond

debt

NAV as on 26 May 24, 12:00 AM

low to moderate risk

government bond

debt

7.09%p.a.

Last 1Y

5.98%p.a.

Last 3Y

7.89%p.a.

Last 5Y

6.48%p.a.

Since Inception

About SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth scheme from SBI Funds Management Ltd. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Dec 2003, SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth is Government Bond fund of its category with 8,676.54 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.

  • SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth delivered 7.1% annual returns during the last year. It has delivered 6.5% average annual returns since the fund was launched.
  • SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

To provide returns to the investors generated through investments in Government securities issued by the Central Government and/or State Government(s).

Top 10 Holdings

7.1% Govt Stock 2034

44.69%

7.18% Govt Stock 2033

20.62%

7.34% Govt Stock 2064

11.47%

7.25% Govt Stock 2063

6.16%

Uttar Pradesh (Government of) 7.48%

3.58%

8.34% Govt Stock 2033

2.76%

7.3% Govt Stock 2053

2.17%

6.62% Govt Stock 2051

2.15%

Maharashtra (Government of) 7.46%

1.78%

Uttar Pradesh (Government of) 7.51%

1.28%

Fund Managers

  1. Rajeev Radhakrishnan (Nov 2023 - Present)
  2. Tejas Soman (Dec 2023 - Present)

Key Information

View Scheme Document

SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in SBI Magnum Gilt Fund PF Plan Fixed Period 3 year Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions