SBI Magnum Multicap Fund

SBI Magnum Multicap Fund aims to gain long-term capital growth by actively managing investments in a diversified portfolio of equity stocks. The fund follows a bottom-up approach for choosing stocks and companies across multiple market caps. A maximum of 65% of the assets are invested in equity and equity-related investments and 35% in debt and money market securities.

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Types of Funds

The fund has two types: 

  • Regular Plan 

  • Direct Plan

The regular plan is meant for investors who wish to route their investment through any distributor. 

The direct plan is only for investors who purchase units in a scheme directly with the mutual fund or through the registered investment advisor.     

SBI Magnum Multicap Fund Facts

Type of Scheme 

Open-ended dynamic equity schemes

Name of the Scheme  

SBI Flexi cap Fund (erstwhile known as SBI Magnum Multicap Fund)

Minimum Investment 

Rs. 1,000 and in multiples of Re. 1

Additional Purchase Amount 

Rs. 1,000 and in multiples of Re. 1

Minimum Redemption size in Rupees 

Rs. 500 or 1 Unit or account balances, whichever is lower

Entry Load 

Not Applicable 

Exit Load 

For exit after 30 days from the date of allotment – Nil 

For exit on or before 30 days from the date of allotment – 0.10% 

Benchmark Index 

S&P BSE 500 Index TRI

Date of allotment 

29/09/2005

AAUM for October 2021

Rs. 15,647.87 Crores 

AUM as of October 2021 

Rs. 15,464.41 Crores 

Fund Manager 

Mr Anup Upadhyay

Plans Available 

Regular, Direct 

Options 

Growth, IDCW

Standard Deviation 

21.31%

Beta 

0.96

Sharpe Ratio 

0.86

Total Portfolio Turnover 

0.41

Mutual Fund 

SBI Mutual Fund 

Trustee Company 

SBI Mutual Fund Trustee Company Private Limited 

Asset Management Company 

SBI Funds Management Private Limited 

Investment Objective 

The scheme is suitable for investors who are looking for long term capital appreciation. A key objective of the fund is capital appreciation through investments in diversified equity stocks spanning across different market caps. It helps combine the benefits of long-term appreciation and liquidity at the same time. 

Fund Summary 

  1. SBI Flexi Cap Fund – Regular Plan – IDCW 

    Nav as on December 01 2021 – Rs. 33.4073

    Expense Ratio – 1.82

  2. SBI Flexi Cap Fund – Regular Plan-Growth

    Nav as on December 01 2021 – Rs. 74.6069

    Expense Ratio – 1.82

  3. SBI Flexi Cap Fund –  Direct Plan – IDCW

    Nav as on December 01 2021 – Rs. 40.3646

    Expense Ratio – 0.87

  4. SBI Flexi Cap Fund –  Direct Plan-Growth

    Nav as on December 01 2021 – Rs. 80.7566

    Expense Ratio – 0.87

Fund Return Summary 

Tenure 

Compounded Annualized Growth Rate Performance  

Current Value of Standard Investment of Rs 10,000

Since Inception 

13.52%

Rs. 76,952/-

Last 5 Year 

14.85%

Rs. 19,995.27/-

Last 3 Year 

21.14%

Rs. 17,769.07/-

Last 1 Year 

60.08%

Rs. 16,008/-

*Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.

Pros and Cons 

Pros 

Cons

The expense ratio of the scheme is affordable.  

The investment is subject to market risks. Thereby, there are chances that you might lose the capital invested. 

The fund provides good returns over the long run. 

The risk involved in the scheme is high.  

The fund house has developed appropriate risk mitigation strategies. 

The scheme is not suitable for investors looking for returns in the short term. 

Benefits of the SBI Magnum Multicap Fund

There are several benefits of the SBI Magnum Multicap Fund. Some of them have been listed out hereunder: 

  • Long-term capital appreciation - The fund is capable of multiplying the invested capital in the long run and eventually generating returns that can beat inflation.

  • Consistency in Performance - Since its inception, the fund has provided appropriate returns to its investors and has displayed growth and adequate performance over the years.

  • Reasonable Expense Ratio - The expense ratio of the scheme is reasonable, which makes investment affordable for investors ensuring promising returns in the future.

  • Mitigating Risk - The investments are subject to several risks like volatility and liquidity risks. The fund has developed appropriate strategies to mitigate the same.   

Who should Invest in the SBI Magnum Multicap Fund?

The following category of investors should invest in the scheme: 

  • Investors looking for long term capital appreciation

  • Investors looking to diversify financial portfolio

  • Investors having a high-risk appetite

FAQ's

  • Q. What are the fees and expenses under the SBI Magnum Multicap Fund?

    A.
    Audit Fee  Up to 2.25%
    Additional Expenses under the regulation  Up to 0.05%
    Additional Expenses for gross new inflows from specified cities  Up to 0.30% 
    Brokerage and Transaction cost over and above 12 bps and 5 bps for cash and derivative market trading    Up to 2.25%
    Cost related to Investor communications  Up to 2.25%
    Cost towards investor education and awareness Up to 2.25%
    Cost of providing account statements and Income Distribution cum capital withdrawal redemption cheques and warrants  Up to 2.25%
    Cost of Fund transfer from location to location Up to 2.25%
    Cost of Statutory Advertisements Up to 2.25%
    Custodian Fees  Up to 2.25%
    Goods and Service tax on expenses other than investment and advisory fees  Up to 2.25%
    Goods and Service tax on brokerage and transaction cost  Up to 2.25%
    Investment Management and Advisory Services  Up to 2.25%
    Marketing and Selling Expenses including agent commission  Up to 2.25%
    Maximum Total Expense Ratio permissible under the Regulation  Up to 2.25%
    Other Expenses  Up to 2.25%
    RTA Fees  Up to 2.25%
    Trustee Fee  Up to 2.25%
  • Q. What is the asset allocation pattern of the SBI Magnum Multicap Fund?

    A.
    Instruments  Min Max  Risk Profile 
    Money Market Instruments  0% 35% Low 
    Debt Instruments  0% 35% Medium 
    Units issued by REIT/Invit 0% 10% Medium to High 
    Equity and Equity related instruments  65% 100% High
  • Q. How are the proceeds from the SBI Magnum Multicap Fund taxed?

    A.
    Tax on Dividend  Long term Capital Gains  Short Term Capital Gains 
    Resident  Taxed in the hands of the unitholders at the rate as prescribed under the Income Tax Act, 1961.   10% plus surcharge and cess without indexation  15% plus surcharge and cess
    Non- Resident  Taxed in the hands of the unitholders at the rate of 20% u/s 115A of the act.  10% plus surcharge and cess without indexation 15% plus surcharge and cess
  • Q. How is the Net Asset Value computed? 

    A. NAV of the scheme is computed by dividing the fund’s net assets by the number of units outstanding under the scheme on the valuation date.
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