Objective: To provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.
SBI Magnum Income Fund Direct Growth is an Fixed Income - Medium to Long Duration fund. The fund was launched inJan 01, 2013. Its risk level is . The NAV of the fund as onJul 04, 2025 is ₹76.53. Its expense ratio is 0.80 %. The fund has an AUM of ₹1,982.97 Cr.The fund is managed byDinesh Ahuja,Mohit Jain,Rajeev Radhakrishnan,Lokesh Mallya,Adesh Sharma,Pradeep Kesavan.
The minimum initial investment is ₹5000 in Lumpsum mode.