Magnum Global fund seeks to prove maximum growth opportunities from a portfolio of equity and debt instruments of companies having high growth potential.
Investment Focus
The investment objective of the scheme is to provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in Indian equities, Partly Convertible Debentures & Fully Convertible Debentures from selected industries.
Basic Scheme Information
| Nature of Scheme |
Open Ended Equity Growth Scheme |
| Inception Date. |
30 September, 1994 |
Entry Load.
(any amount) |
Investments below Rs. 5 crores - 2.25% Investments of Rs.5 crores and above - NIL
|
Exit Load.
(any amount) |
Investments below Rs.5 crores < = 6 months - 1.00%, > 6 months but < 12 months - 0.50% Investments of Rs.5 crores and above - NIL |
| Minimum Application Amount. |
Rs. Minimum application of Rs. 2,000/- and in multiples of Rs. 1,000/- . For Non-Resident Indians minimum application amount is Rs. 3,000/- and in multiples of Rs. 1,000/- |
| Systematic Investment Plan |
Rs.500/month - 12 months Rs.1000/month - 6months Rs.1500/quarter - 12 months |
| Systematic Withdrawal Plan |
A minimum of Rs. 500 can be withdrawn every month or quarter by issuing advance instructions
to the Registrars at any time. |
| Net Asset Value Periodicity. |
Every Day. |
| Option/Plan |
Dividend Plan, Growth Plan |
| Net Asset |
Rs.595 Cr.(June 30, 2006) |
| Benchmark |
BSE 100 |
Stated Asset Allocation
| Equity ,Partly Convertible Debentures, Fully Convertible Debentures & Bonds |
80% - 100% |
| Debt & Money Market Instruments |
00-20% |
| Equities of a particular sector |
90-100% |
|
