The State Bank of India Magnum Multicap Fund is a veteran multi cap mutual fund launched in the year 2005. It comes in growth as well as dividend option. As on May 31st 2019, the fund has assets under management worth Rs. 7,581 crores. This fund has given an impressive 12.44% returns since its inception.
Note: All information has been sourced from the official website of SBI Mutual Fund.
The investment objective of SBI Multicap Fund is to provide investors with opportunities for long-term growth in capital along with the liquidity of an open ended scheme through an active management of investments in a diversified basket of equity stocks and in debt and money market instruments.
The fund follows a bottom-top approach to stock-picking and selecting companies across sectors/styles.
The statistics of this fund are as follows:
Click here to know Compounded Annualized Growth Rate Performance
Click here to know Current Value of Standard Investment of Rs. 10,000
The top holdings of SBI Magnum Multicap Fund are as follows:
| Top Holdings | Weightage |
|---|---|
| HDFC Bank Ltdk | 8.59% |
| Infosys Ltd | 6.51% |
| ICICI Bank Ltd | 4.90% |
| Kotak Mahindra Bank Ltd | 3.84% |
| Axis Bank Ltd | 2.90% |
| JK Cement Ltd | 2.82% |
| Larsen & Toubro Ltd | 3.16% |
| Gujarat State Petronet Ltd | 2.80% |
| ITC Ltd | 2.39% |
| State Bank of India | 2.68% |
The SBI Magnum Multicap Fund is veteran fund which has shown successful and consistent performance over the years. It is a stable fund with an average return of 12%. If you are looking for a stable investment option with moderately high risk, this is a suitable investment option.
The documents required to purchase this fund are as follows:
Is SBI Magnum Balanced Fund taxable?
Yes, since it is an equity hybrid mutual fund, it will be subject to income tax.
Is SBI Magnum Multicap Fund Tax Saver?
No, the SBI Magnum Multicap Fund does not come with any tax-saving benefit.
What is multicap equity fund?
A multicap equity fund is a type of mutual fund which primarily invests in stocks of companies which have a large and multi-diversified market capitalization.
