About SBI Magnum Low Duration Fund Direct Plan - Dividend Weekly Reinvestment
SBI Magnum Low Duration Fund Direct Plan - Dividend Weekly Reinvestment 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 ₹9,751.16 Crores and the latest NAV decalared is ₹1018.047 as on 14 Feb 2020 at 12:00 am.
SBI Magnum Low Duration Fund Direct Plan - Dividend Weekly Reinvestment scheme return performance in last 1 year is 8.65%, in last 3 years is 25.05% and 77.55% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
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.