To provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.
SBI Magnum Income Fund - Direct Plan - Growth charges 1.0% of sell value; if fund sold before 365 days. There are no other charges.
Any profit will be clubbed with your income and taxed at your effective tax rate.