About SBI Magnum Low Duration Fund Direct Plan-Dividend Daily
SBI Magnum Low Duration Fund Direct Plan-Dividend Daily is a Debt
mutual fund scheme from SBI Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Rajeev Radhakrishnan
. It has an AUM of ₹7,401.68 Crores and the latest NAV decalared is ₹1015.830 as on 11 Nov 2019 at 9:00 pm.
SBI Magnum Low Duration Fund Direct Plan-Dividend Daily scheme return performance in last 1 year is 9.19%, in last 3 years is 24.90% and 73.75% since scheme launch. The min. SIP amount to invest in this scheme is ₹5000.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.