Sbi Magnum Midcap Fund Regular Plan Growth

Invest in the SBI Magnum Midcap Fund Regular Plan Growth effortlessly by following a straightforward three-step investment process and reap the benefits of your investments.

Current status of SBI Magnum Midcap Fund

2. The fund has delivered trailing returns over various time periods:

– 39.86% in the past year

– 24.44% in the past three years

– 24.42% in the past five years

– 17.22% since its launch.

List:

– Current NAV: Rs 201.65 (as of Feb 26, 2024)

– Trailing Returns:

– One-year return: 39.86%

– Three-year return: 24.44%

– Five-year return:24 .42%

– Return since launch:17 .22%.

Frequently Asked Questions

Equity funds are investment schemes that focus on investing in the stocks of companies with varying market capitalization.

Understanding Large Cap, Mid Cap, Small Cap, and Multi Cap Equity Funds

SEBI categorizes listed companies according to their market capitalization, with large-cap funds focusing on the top 100 companies. Mid-cap funds target companies ranked between 101 and 250, while small-cap funds invest in those ranked from 251 onwards. Multi-cap funds have a more diverse approach, investing across small cap, mid cap, and large cap companies.

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Understanding ELSS Funds

ELSS funds are mutual funds that offer tax benefits and primarily invest in equity schemes. These funds have a mandatory lock-in period of 3 years.

What are Bluechip funds?

Bluechip funds are investment funds that primarily focus on investing in stocks of established companies with a proven track record of strong financial performance over an extended period.

Understanding the lock-in period

The lock-in period of a mutual fund refers to the duration during which your invested money cannot be withdrawn. While most mutual funds do not have any lock-in period, tax-saving schemes like ELSS have a minimum lock-in period of 3 years, which is the shortest among other investment options eligible for tax benefits under section 80C. The lock-in period starts from the date of investment and may vary for SIPs (Systematic Investment Plans).

Is KYC mandatory for BLACK?

All fund houses require KYC documentation from investors. However, if you choose to invest through BLACK, you only need to complete the KYC process once. This same KYC will be applicable for any future investments as well.

Understanding the Concept of Mandate (Auto-SIP)

A Mandate is a single registration that allows you to authorize your bank account to deduct a specific amount of money from your account on a daily basis for investing in an SIP portfolio. Once you have registered for the Mandate, there is no need to go through the payment process each time you want to invest in the SIP.

The NAV of SBI Magnum mid cap regular growth fund: What is it?

SBI Magnum Midcap Fund Regular Growth – Regular – Latest NAV: ₹201.392

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Returns:

– Performance

– Portfolio

– Returns 2024

What is the performance of SBI Magnum fund?

1. The SBI Magnum Midcap Fund Regular Plan Growth has a current Net Asset Value (NAV) of Rs 340.81 as of Feb 26, 2024. This NAV represents the value of each unit in the fund.

2. When it comes to returns, the SBI Magnum Midcap Fund has shown consistent performance over different time periods. Over the past year, it has generated a return of 22.84%. Looking at longer-term performance, its trailing returns for three years and five years are 16.03% and 16.33%, respectively. Since its launch, the fund has delivered a return of 14.5%.

In simple terms, the SBI Magnum Midcap Fund Regular Plan Growth is an investment option that focuses on mid-sized companies listed on stock exchanges in India. It aims to provide growth opportunities by investing primarily in these mid-cap stocks.

Investors can buy units in this fund at a price determined by its Net Asset Value (NAV). The NAV represents the total value of all assets held by the fund divided by the number of units outstanding.

The historical returns mentioned above indicate how well this fund has performed over different time periods compared to its benchmark or other similar funds in its category.

What is the smallest SIP investment for SBI Magnum Midcap Fund?

SBI Magnum Midcap Fund – Regular Plan – Growth has emerged as a popular investment option, with an impressive asset under management (AUM) of Rs 15457.95 Crores. This fund provides investors with the opportunity to participate in the growth potential of mid-sized companies in India.

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Investing in mid-cap companies can be rewarding as they have the potential for significant growth compared to large-cap stocks. These mid-sized companies often operate in niche markets and are well-positioned for expansion, making them attractive investments for those seeking higher returns.

P.S: With SBI Magnum Midcap Fund – Regular Plan – Growth, you have the opportunity to tap into the growth potential offered by mid-sized Indian companies while enjoying flexible investment options that suit your financial goals and preferences.

Does SBI Magnum Midcap Fund qualify for tax savings?

Investing in SBI Magnum Midcap Fund Regular Plan Growth can offer you several benefits, including the potential for long-term capital appreciation. This mutual fund is designed to invest primarily in mid-cap stocks, which are companies with a market capitalization between large and small-sized companies. By investing in this fund, you have the opportunity to participate in the growth of these mid-cap companies.

P.S: Investing wisely not only helps grow your wealth but also offers opportunities to save on taxes. Consider exploring SBI Magnum Midcap Fund Regular Plan Growth as part of your investment strategy and consult with a financial advisor for personalized advice tailored to your specific needs and goals.