SBI Mutual Fund, one of the leading mutual funds in
the country, has launched ‘Magnum Multicap Fund’ to
bring the benefits of the entire spectrum of capital
market to investors.
Magnum Multicap fund has opened for subscription and
would close on September 16, 2005. The scheme will
have a minimum application amount of Rs 5,000 and
multiples of Rs 1,000 per application. There is no
entry load at the time of NFO. Exit load is
The fund would invest a minimum of 50 per cent of its
equity/equity related instruments in large cap stocks
and the balance 50 per cent would be divided between
mid cap and small caps with a provision to invest at
least 10 per cent in mid cap stocks.
According to P G R Prasad, Managing Director and CEO,
SBI Mutual Fund, “Magnum Multicap fund would give us
an opportunity to invest across the breadth of the
markets and bring prudent stock selection that
captures the market flavour more effectively”.
With FII interest in the Indian capital market on the
rise and impressive performance by corporates in both
the mid and small caps, SBI Mutual Fund was keen to
identify the up trends in a systematic way, Prasad
SBI Mutual Fund has a track record of benefiting its
investors and it currently manages assets under
management (AUM) of over Rs 8,000 crore spread over 16
SBI Mutual Fund has an investor base of over 10 lakh
spread over 16 schemes. The company, as a matter of
strategy, was focusing on smaller towns and would
continue to strengthen its distribution network in the
coming years, Prasad added.