SBI Mutual Fund is one of India’s most trusted mutual fund investment companies. It has launched many schemes to help investors earn good returns through investment in various sectors and industries of different sized companies. It has always applied and followed a unique approach to so with a continuous effort to bring something new for its investors.

On September 30th, 1994, SBI Mutual Fund launched a scheme named SBI Magnum Global Fund with an investment objective to provide an opportunity to its investors to earn long-term capital appreciation through investment primarily in MNCs whose stocks are selected on the basis of the bottom-up approach. MNCs here are the ones who have a major shareholding in foreign companies or the Indian companies which are receiving more than 50% turnover from international regions or foreign listed companies.

Who Should Invest in SBI Magnum Global Fund?

SBI Magnum Global Fund involves high risk and therefore is suitable for those investors who can digest the same.

Investors who are looking for an opportunity to invest in a scheme that invests in equity and equity-related instruments to earn long-term capital appreciation and are ready to vest in for a long-term period to avail the benefit.

Investors willing to invest in the stocks of MNCs may consider investing in SBI Magnum Global Fund.

Who Is Managing SBI Magnum Global Fund?

SBI Magnum Global Fund is managed by Mr. Anup Upadhyay who has been handling this fund since May 2018 and has a total eleven years of experience. He joined SBI Mutual Fund in the year 2007. He has done B.Tech (Honors) from Indian Institute of Technology, Kharagpur and also has a Post Graduate Diploma in Management from Indian Institute of Management. He is a Charter holder of the CFA Institute, USA and has one-year work experience with Tata Consultancy Services. He is simultaneously managing many other schemes by SBI Mutual Fund as well.

Key Points About SBI Magnum Global Fund

The minimum investment amount with which you can start investing in SBI Magnum Global Fund growth in a lump sum is Rs. 5000. It also provides SIP option to invest with a minimum amount to start investing is Rs. 500 only. The top three companies in which it has invested majorly are Maruti Suzuki India, Colgate-Palmolive, and P&G Hygiene & Health Care.

There is no entry load that an investor has to bear. If a situation occurs when an investor has to redeem within one year of investment, then he is liable to pay 1% exit load. However, after completion of one year, this amount too is nullified.

The assets managed by SBI Assets Management Company under SBI Magnum Global Fund was Rs. 3458 crores as on May 31st, 2018. The per unit value of SBI Magnum Global Fund Growth at which you can buy its units Rs. 169.8484 as on June 18th, 2018. Its benchmark is NIFTY Mid Small Cap 400 TRI compare to which SBI Magnum Global Fund has invested more in FMCG, Automobile, Engineering and Healthcare sector whereas less in Services, Chemicals, etc., sectors.

Before investing in SBI Magnum Global Fund make sure that you are clear regarding everything related to it. To know more about this scheme, browse through the official website of SBI Mutual Fund and still if you need guidance, then consult a financial advisor.

Read to know about SBI Magnum Global Fund, an investment scheme by SBI Mutual Fund.

Author's Bio: 

Dishika is a financial expert working with MySIPonline. She is highly experienced in the field of mutual fund investments and has in-depth knowledge related to different market trends.