SBI Magnum Global Fund – Direct Growth

SBI Mutual Fund’s SBI Magnum Global Direct Plan-Growth is an Equity mutual fund plan. Introduced on September 30, 1994, this scheme is now overseen by R. Srinivasan & Mohit Jain, who serve as their fund managers. The portfolio has a 73.48% allocation to domestic equities, with 35.29% allocated to large-cap stocks, 9.88% to mid-cap stocks, and 20.31% to small-cap stocks.

The objective of the SBI Magnum Global Fund is to offer investors the potential for long-term capital gain through the active management of assets in a diversified portfolio made up mostly of MNC firms. The fund must hold at least 80% of its assets in the equity of multinational corporations (MNC*).

The SBI Magnum Global Fund offers the option to invest up to 20% of its assets in non-MNC shares, debt, or money market instruments. The fund employs a bottom-up method of stock selection and can choose MNC-eligible firms from across industries and market sizes.

Pros & Cons

How to invest in SBI Magnum Global Fund?

5paisa streamlines the SBI Magnum Global Fund investment. The procedure has been simplified, and documentation is no longer necessary. Simply adhere to the steps given below:

Step 1: Log in to your 5Paisa Account. If you do not have one, click the link to register and create a new 5Paisa account in 3 easy steps. Alternatively, you can download the 5Paisa app on your smartphone for Android or IOS and log in from your device.

Step 2: Search for the SBI Mutual Fund scheme that you want to invest in

Step 3: Select the option that is apt for your requirement and risk appetite

Step 4: Select the investment type – SIP (Systematic Investment Plan) or Lumpsum

Step 5: Input the amount that you’d like to invest and proceed with payment by clicking on the ‘Invest Now’ button

That’s it! This sums up the investment process. Once your payment is successful, you can see the SBI Mutual Fund reflected in your 5Paisa account in 3-4 working days. If you have selected the SIP option, the chosen amount will get deducted every month starting from the date you have made the payment.

What is the expense ratio of the SBI Magnum Global Fund?

The expense ratio is a measure of the annual cost you may expect to pay the mutual fund company for its management services during your investment. Calculated as a proportion of the fund’s AUM, the Expense Ratio decreases the performance of each unit. If you want to keep a larger amount of your returns, choose a fund with a low-cost ratio.

Who should invest in the SBI Magnum Global Fund?

Investors who have a sophisticated understanding of macro trends and who like making selected bets for greater returns in comparison to other Equity funds can look forward to investing in SBI Magnum Global Fund. Even while the market as a whole is doing well, these investors nevertheless need to be prepared for the chance that their assets might sustain moderate to significant losses.

What are the benefits of investing in the SBI Magnum Global Fund?

● Diversification

Thematic funds such as SBI Magnum Global Fund, diversify their investments across industries to lessen this risk. The fund attempts to reduce overall industry volatility by investing in a variety of equity instruments, given the inherent volatility of equities.

● Appealing returns

While most investors prefer to ride the tide rather than chart their own course, those who do their research and join the market at the proper moment might achieve returns much more than the benchmark.

● Fund managers finding the right theme

Investing in thematic funds may give investors access to a variety of firms that are driving a certain theme or trend, which can be difficult to acquire via individual stock selection.