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Home » Mutual Funds » Mutual Funds Companies» Magnum Monthly Income Plan Floater

SBI:Magnum Monthly Income Plan Floater


Investment Objective

To provide regular income, liquidity and attractive returns toinvestors in addition to mitigating the impact of interest rate risk through an actively managed portfolio of floating rate and fixed rate debt instruments, equity, money market instruments and derivatives.

Scheme Highlights

1.Magnums/Units will be available at par during the New Fund Offer (NFO) period and at NAV related prices on an ongoing basis after the scheme goes open-ended.

2. MMIP - Floater Plan would have two Options for investment - Dividend Option and Growth Option.

3.The Dividend Option would have sub-options of Monthly Dividend, Quarterly Dividend and Annual Dividend, which would endeavour to declare dividends on a monthly, quarterly and annual basis respectively. Returns in the Growth Option would be through capital appreciation only.

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