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

INVEST VIA NRE/NRO

SBI Magnum Low Duration Fund Institutional Growth for NRI [3280.86]

Min Investment

5,000

Fund Size

10,548.47 Cr

Expense Ratio

1.0%

Exit Load

0%

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

3280.86

0.03%

NAV as on 26 May 24, 12:00 AM

low to moderate risk

low duration

debt

NAV as on 26 May 24, 12:00 AM

low to moderate risk

low duration

debt

6.83%p.a.

Last 1Y

5.24%p.a.

Last 3Y

5.70%p.a.

Last 5Y

7.30%p.a.

Since Inception

About SBI Magnum Low Duration Fund Institutional Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Low Duration Fund Institutional Growth scheme from SBI Funds Management Ltd. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Jul 2007, SBI Magnum Low Duration Fund Institutional Growth is Low Duration fund of its category with 10,548.47 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.

  • SBI Magnum Low Duration Fund Institutional Growth delivered 6.8% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
  • SBI Magnum Low Duration Fund Institutional 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 investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.

Top 10 Holdings

7.72% Govt Stock 2028

9.95%

National Housing Bank

3.80%

L&T Metro Rail (Hyderabad) Limited

3.50%

Larsen & Toubro Ltd.

3.32%

LIC Housing Finance Ltd

3.04%

7.37% Govt Stock 2028

2.73%

Panatone Finvest Ltd

2.70%

National Housing Bank

2.37%

Small Industries Development Bank Of India

2.36%

Mangloor Highways Private Limited

2.28%

Fund Managers

  1. Rajeev Radhakrishnan (Jun 2008 - Present)
  2. Arun R. (Dec 2023 - Present)
  3. Pradeep Kesavan (Dec 2023 - Present)

Key Information

View Scheme Document

SBI Magnum Low Duration Fund Institutional 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 Low Duration Fund Institutional 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 Low Duration Fund Institutional 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 Low Duration Fund Institutional 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