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Magnum Income Fund
Investment Objective
The objective of the scheme is to provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities.
Asset Allocation
Instrument % of Portfolio of Plan A & B Risk Profile
Corporate debentures & Bonds/PSU/FI/Govt. Guaranteed Bonds / Other including Securitised Debt Upto 90% High
Securitized Debt Not more than 10% of in debt Low
Government Securities Upto 90% High
Cash & Call Money Upto 25% Medium
Money Market Instruments Upto 25% Mediom
Units of other mutual funds Upto 5% Low
Scheme Highlights
1.Open ended Debt Scheme 2. Following Plans are available to the investors :(A) Growth Plan (B) Dividend Plan (C) Bonus Plan (D) Floating Rate Plan Options available under Floating Rate Plan Short Term (Growth, Dividend & Weekly Dividend)Long Term (Regular (Dividend & Growth) Long Term (Institutional (Dividend & Growth)
2. The Plans will invest their entire corpus in high quality debt (Corporate debentures, PSU/FI/Govt guaranteed bonds), Govt securities and money market instruments (commercial paper, certificates of deposit, T-bills, bills rediscounting, repos, short-term bank deposits, etc). There shall be no investment in equity.
3. The Growth Plan / Option will give returns through capital gains only. No dividends shall be declared under this Plan. The Dividend Plan will endeavour to declare regular dividends every half year, depending on the NAV at that point of time. The Dividend Option in Floating Rate Short Term Plan will endeavour to declare dividends on a monthly basis while the dividend option under the Floating Rate Plan Long Term (Regular and Institutional) Plan will declare dividends on a quarterly basis.
4 switchover between the Plans at NAV. Also, switchover facility at the NAV related prices to other openend schemes of SBI Mutual Fund is available. This facility of switchover to other schemes is not available to NRIs and FIIs.
Launch Date

Minimum Application

January 12, 1998 Rs. Rs.2000/- and in multiples of Rs. 500/- thereafter. For Floating Rate Long Term Insitutional Plan, Rs. 50 lakhs and in multiples of Rs. 10 lakhs.

Entry Load

Exit Load

NA
1) For exit within 6 months from the date of allotment - 0.50%. 2) For exit after 6 months from the date of allotment - Nil

SIP

SWP
Rs.500/month - 12 months Rs.1000/month - 6months Rs.1500/quarter - 12 months
Investors have the facility to switchover between the Plans at NAV. Also, switchover facility at the NAV related prices to other openend schemes of SBI Mutual Fund is available. This facility of switchover to other schemes is not available to NRIs and FIIs
Nav's
Plan

Latest Nav

Date
Floating Rate Plan - Short Term -Weekly(Dividend)

10.7443

06/09/2010
Floating Rate Plan - Long Term - Institutional - Dividend

1111

06/09/2010
Floating Rate Plan - Long Term - Institutional - Growth

1111

06/09/2010
Floating Rate Plan - Long Term - Regular - Dividend

10.937

06/09/2010
Floating Rate Plan - Long Term - Regular - Growth

14.1889

06/09/2010
Floating Rate Plan - Short Term - Dividend

10.556

06/09/2010
Floating Rate Plan - Short Term - Growth

14.5267

06/09/2010
Dividend Option

10.6911

06/09/2010
Growth Option

22.7886

06/09/2010
Bonus Option

13.8058

06/09/2010

 

 

 

 

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