SBI Magnum Multicap Fund aims to gain long-term capital growth by actively managing investments in a diversified portfolio of equity stocks. The fund follows a bottom-up approach for choosing stocks and companies across multiple market caps. A maximum of 65% of the assets are invested in equity and equity-related investments and 35% in debt and money market securities.
Guaranteed Tax Savings
Under sec 80C & 10(10D)₹1 Crore
Invest ₹10k per month*Zero LTCG Tax
Top performing plans with High Returns**
Invest ₹10K/month & Get ₹1 Crore returns*
The fund has two types:
Regular Plan
Direct Plan
The regular plan is meant for investors who wish to route their investment through any distributor.
The direct plan is only for investors who purchase units in a scheme directly with the mutual fund or through the registered investment advisor.
Type of Scheme |
Open-ended dynamic equity schemes |
Name of the Scheme |
SBI Flexi cap Fund (erstwhile known as SBI Magnum Multicap Fund) |
Minimum Investment |
Rs. 1,000 and in multiples of Re. 1 |
Additional Purchase Amount |
Rs. 1,000 and in multiples of Re. 1 |
Minimum Redemption size in Rupees |
Rs. 500 or 1 Unit or account balances, whichever is lower |
Entry Load |
Not Applicable |
Exit Load |
For exit after 30 days from the date of allotment – Nil For exit on or before 30 days from the date of allotment – 0.10% |
Benchmark Index |
S&P BSE 500 Index TRI |
Date of allotment |
29/09/2005 |
AAUM for October 2021 |
Rs. 15,647.87 Crores |
AUM as of October 2021 |
Rs. 15,464.41 Crores |
Fund Manager |
Mr Anup Upadhyay |
Plans Available |
Regular, Direct |
Options |
Growth, IDCW |
Standard Deviation |
21.31% |
Beta |
0.96 |
Sharpe Ratio |
0.86 |
Total Portfolio Turnover |
0.41 |
Mutual Fund |
SBI Mutual Fund |
Trustee Company |
SBI Mutual Fund Trustee Company Private Limited |
Asset Management Company |
SBI Funds Management Private Limited |
The scheme is suitable for investors who are looking for long term capital appreciation. A key objective of the fund is capital appreciation through investments in diversified equity stocks spanning across different market caps. It helps combine the benefits of long-term appreciation and liquidity at the same time.
Nav as on December 01 2021 – Rs. 33.4073
Expense Ratio – 1.82
Nav as on December 01 2021 – Rs. 74.6069
Expense Ratio – 1.82
Nav as on December 01 2021 – Rs. 40.3646
Expense Ratio – 0.87
Nav as on December 01 2021 – Rs. 80.7566
Expense Ratio – 0.87
Tenure |
Compounded Annualized Growth Rate Performance |
Current Value of Standard Investment of Rs 10,000 |
Since Inception |
13.52% |
Rs. 76,952/- |
Last 5 Year |
14.85% |
Rs. 19,995.27/- |
Last 3 Year |
21.14% |
Rs. 17,769.07/- |
Last 1 Year |
60.08% |
Rs. 16,008/- |
*Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.
Pros |
Cons |
The expense ratio of the scheme is affordable. |
The investment is subject to market risks. Thereby, there are chances that you might lose the capital invested. |
The fund provides good returns over the long run. |
The risk involved in the scheme is high. |
The fund house has developed appropriate risk mitigation strategies. |
The scheme is not suitable for investors looking for returns in the short term. |
There are several benefits of the SBI Magnum Multicap Fund. Some of them have been listed out hereunder:
Long-term capital appreciation - The fund is capable of multiplying the invested capital in the long run and eventually generating returns that can beat inflation.
Consistency in Performance - Since its inception, the fund has provided appropriate returns to its investors and has displayed growth and adequate performance over the years.
Reasonable Expense Ratio - The expense ratio of the scheme is reasonable, which makes investment affordable for investors ensuring promising returns in the future.
Mitigating Risk - The investments are subject to several risks like volatility and liquidity risks. The fund has developed appropriate strategies to mitigate the same.
The following category of investors should invest in the scheme:
Investors looking for long term capital appreciation
Investors looking to diversify financial portfolio
Investors having a high-risk appetite
Audit Fee | Up to 2.25% |
Additional Expenses under the regulation | Up to 0.05% |
Additional Expenses for gross new inflows from specified cities | Up to 0.30% |
Brokerage and Transaction cost over and above 12 bps and 5 bps for cash and derivative market trading | Up to 2.25% |
Cost related to Investor communications | Up to 2.25% |
Cost towards investor education and awareness | Up to 2.25% |
Cost of providing account statements and Income Distribution cum capital withdrawal redemption cheques and warrants | Up to 2.25% |
Cost of Fund transfer from location to location | Up to 2.25% |
Cost of Statutory Advertisements | Up to 2.25% |
Custodian Fees | Up to 2.25% |
Goods and Service tax on expenses other than investment and advisory fees | Up to 2.25% |
Goods and Service tax on brokerage and transaction cost | Up to 2.25% |
Investment Management and Advisory Services | Up to 2.25% |
Marketing and Selling Expenses including agent commission | Up to 2.25% |
Maximum Total Expense Ratio permissible under the Regulation | Up to 2.25% |
Other Expenses | Up to 2.25% |
RTA Fees | Up to 2.25% |
Trustee Fee | Up to 2.25% |
Instruments | Min | Max | Risk Profile |
Money Market Instruments | 0% | 35% | Low |
Debt Instruments | 0% | 35% | Medium |
Units issued by REIT/Invit | 0% | 10% | Medium to High |
Equity and Equity related instruments | 65% | 100% | High |
Tax on Dividend | Long term Capital Gains | Short Term Capital Gains | |
Resident | Taxed in the hands of the unitholders at the rate as prescribed under the Income Tax Act, 1961. | 10% plus surcharge and cess without indexation | 15% plus surcharge and cess |
Non- Resident | Taxed in the hands of the unitholders at the rate of 20% u/s 115A of the act. | 10% plus surcharge and cess without indexation | 15% plus surcharge and cess |
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.