SBI: Magnum NRI Investment Fund

Investment Objective

The investment objective of the scheme will be to provide attractive returns to the Magnum holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt, equity and money market instruments. Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio.

Scheme Highlights

1.The scheme offers three Plans for investment- Short Term Bond Plan, Long Term Bond Plan

2.All Plans have Growth and Dividend Options. The returns under the Growth option to be through capital appreciation only,

3.The Short Term Bond Plan invests its entire corpus only in investment grade debt instruments such as Government Securities, Corporate Bonds and Debentures and Money Market instruments.

4.The Dividend option under the Short Term Bond Plan endeavours to declare dividends on a monthly basis subject to the availability of distributable surplus.

5.Investments in Corporate Bonds and Debentures to be in instruments with maturity not exceeding five years. However, the average maturity of the scheme under normal market conditions would be around 365 days and will be an ideal investment avenue for investors with an investment horizon of six months to one year.

6.The Long Term Bond Plan will be investing its entire corpus only in investment grade debt instruments such as Government Securities, Corporate Bonds and Debentures and Money Market instruments.

7.The Dividend option under the Long Term Bond Plan would endeavour to declare dividends on a quarterly basis subject to the availability of distributable surplus. Under this Plan, the average maturity of the scheme under normal market conditions will be above 3 years and would be an ideal investment avenue for investors with an investment horizon of more than one year (atleast eighteen months).

Back

Keywords:

SBI, Magnum, NRI Investment Fund, Monthly Income Plan Floater, Insta Cash Fund, Benefit Plans, Magnum Income Fund, Magnum Gilt Fund, HDFC, HDFC Flexindex Plan Systematic Transfer Plan (STP), Systematic Investment Plan, Funds Of Funds, Exchange Traded Funds, Mutual Funds, Types of Mutual Fund, Open ended Mutual Fund, mutual fund, mutual fund companies, Close ended Mutual Fund, Advantages of Close ended Mutual Fund, tata mutual fund, icici prudential mutual fund, investment, insurance