One must always invest in a scheme which has skilled fund manager and management team who pick the quality stocks and offer you solid returns. Thus, the financial experts of MySIPonline have researched on the SBI Magnum Global Fund, which has emerged as one of the best diversified category funds. The fund is suitable mainly for the investors who have the appetite of tolerating high risk. So, if you are looking for the investment in the fund, walk down through the details discussed below:
An Outline of SBI Magnum Global Fund
With an AUM of Rs 3,458 Cr as on May 31, 2018, the SBI Global Fund has been investing its corpus in the top MNCs. The fund manager selects the companies who have a major shareholding in any foreign entity, foreign listed companies, or such Indian companies which have 50% turnover from offshore market.
The fund was launched in the year 1994, and it has been offering the growth and dividend options under the direct and regular plan. It is following Nifty MNC as its benchmark.
SBI Magnum Fund is an open-ended scheme, which predominantly invests in equity, equity-linked derivatives and debt securities with the proportion of 98% in equities and 2% in debts.
Past Performance Analysis:
The fund has spent more than two decades in the financial market and has provided the returns of 14.82% since its launch. The NAV of SBI Magnum Global Fund Growth as on June 19, 2018, is Rs 169.8484. The expense ratio of the fund is 2.03% as on Apr 30, 2018.
In the past few years, the fund has been underperforming, and also provided negative returns in the year 2016. The trailing returns of the fund in the past three, five, and seven years were 9.71%, 20.90%, and 17.15%, respectively. The fund has provided its highest returns in the year 2009 with 119.58%. Its returns for the year 2016 were -2% and for 2017 was 41.94%.
As per the financial experts of MySIPonline, the fund has underperformed in the past years, but has the potential to provide good returns in the long run.
Fund Manager and His Strategies:
The fund has been managed by Mr R. Shrinivasan till April 2018 but has been handover to Mr Anup Upadhyay in May 2018. He has 11 years of experience in the financial market. He joined SBIMF in the year 2007 as an equity analyst. He is a Charter holder from CFA Institute, USA and also has a degree of PGDM from IIM Lucknow.
Mr Upadhyay scrutinize the funds which offer branch equity, cost advantages, and technological edges on the basis of the bottom-up approach. As he has just entered in managing the SBI Magnum Global Fund G, it will be too early to tell how his fund is performing; therefore, you must watch out whether his strategies work or not.
The average market capitalization of the fund is Rs 18,362 Cr as on June 19, 2018. It has been investing in various market caps to provide the best of returns to investors. The fund is suitable for the investors who are seeking long-term capital appreciation and keen to invest in the equity market.
You may invest in the fund via minimum SIP of Rs 500 per month. For more information regarding the SBI Magnum Global scheme, you may connect with our experts at MySIPonline through call or email.
An Outline of SBI Magnum Global Fund
With an AUM of Rs 3,458 Cr as on May 31, 2018, the SBI Global Fund has been investing its corpus in the top MNCs. The fund manager selects the companies who have a major shareholding in any foreign entity, foreign listed companies, or such Indian companies which have 50% turnover from offshore market.
The fund was launched in the year 1994, and it has been offering the growth and dividend options under the direct and regular plan. It is following Nifty MNC as its benchmark.
SBI Magnum Fund is an open-ended scheme, which predominantly invests in equity, equity-linked derivatives and debt securities with the proportion of 98% in equities and 2% in debts.
Past Performance Analysis:
The fund has spent more than two decades in the financial market and has provided the returns of 14.82% since its launch. The NAV of SBI Magnum Global Fund Growth as on June 19, 2018, is Rs 169.8484. The expense ratio of the fund is 2.03% as on Apr 30, 2018.
In the past few years, the fund has been underperforming, and also provided negative returns in the year 2016. The trailing returns of the fund in the past three, five, and seven years were 9.71%, 20.90%, and 17.15%, respectively. The fund has provided its highest returns in the year 2009 with 119.58%. Its returns for the year 2016 were -2% and for 2017 was 41.94%.
As per the financial experts of MySIPonline, the fund has underperformed in the past years, but has the potential to provide good returns in the long run.
Fund Manager and His Strategies:
The fund has been managed by Mr R. Shrinivasan till April 2018 but has been handover to Mr Anup Upadhyay in May 2018. He has 11 years of experience in the financial market. He joined SBIMF in the year 2007 as an equity analyst. He is a Charter holder from CFA Institute, USA and also has a degree of PGDM from IIM Lucknow.
Mr Upadhyay scrutinize the funds which offer branch equity, cost advantages, and technological edges on the basis of the bottom-up approach. As he has just entered in managing the SBI Magnum Global Fund G, it will be too early to tell how his fund is performing; therefore, you must watch out whether his strategies work or not.
The average market capitalization of the fund is Rs 18,362 Cr as on June 19, 2018. It has been investing in various market caps to provide the best of returns to investors. The fund is suitable for the investors who are seeking long-term capital appreciation and keen to invest in the equity market.
You may invest in the fund via minimum SIP of Rs 500 per month. For more information regarding the SBI Magnum Global scheme, you may connect with our experts at MySIPonline through call or email.
No comments:
Post a Comment