MUTUAL FUND

 

Bank is corporate agent of SBI Mutual Fund Management Ltd. and distributing various products through bank branches. Bank is mainly distributing following products: -

 

1.   Magnum Income Fund

Open ended debt scheme, minimum investment Rs.2000/-, 100% in debt & money market instrument.

2.   Magnum Gilt Fund

Open ended debt scheme, minimum investment Rs.100000/- (dividend), Rs. 25000/- (growth), 100% in govt. securities.

3.  Magnum Monthly Income Fund

Open ended debt scheme, minimum investment Rs.10000/- multiple Rs. 500/- 85% in debt, 15% in equity.

4.   Magnum Children's Benefit Plan

Open ended debt scheme, minimum investment Rs.1500/- multiple Rs.500/-, 75% in debt, 25% equity.

5.   Magnum Index Fund

Open ended equity scheme, minimum investment Rs.5000/- multiple Rs.1000/-,

100% in equity.

6.   Magnum Income Plus

*    Saving Plan

 

 

*    Investment Plan

 

Open ended debt scheme, minimum investment Rs.25000/- multiple Rs.5000/-,

100% in debt & money market instrument.

80% debt and 20% equity.

7. Magnum NRI Investment Fund

 

·   Flexi Asset Plan

·   Long Term Bond Plan

·   Short Term Bond

Open ended debt & equity scheme, minimum investment Rs.50000/- multiple Rs.1000/-,

10% to 80% in equity, 90% to 10% in Debt.

100% in debt and money market instrument.

100% in money market instrument & debt.

Features for All Schemes :

1. Dividend Tax Free.                                                             
2. No TDS on Capital Gains. 

3. NAV declaration on daily basis (all business days).          
4. Nomination available.