Magnam Contral fund is a part of Magnum Sector Funds Umbrella and aims to invest in undervalued scrips, which are out of flavour but have the potential to show attractive growth in long-term.
Investment Focus
The investment objective of the scheme is to provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors. There are four sub-funds dedicated to specific sectors viz. IT, Pharmaceuticals, FMCG, and a Contra subfund for investment in stocks currently out of favour.
Basic Scheme Information
| Nature of Scheme |
Open Ended Equity Dividend Scheme |
| Inception Date. |
14 July, 1999 |
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. 2000 per sector |
| 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A minimum of Rs. 500 can be withdrawn every month or quarter by issuing advance instructions to the Registrars at any time.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.1,120.97 Cr.(June 30, 2006) |
| Benchmark |
BSE 100 |
Stated Asset Allocation
| Equity ,Partly Convertible Debentures, Fully Convertible Debentures & Bonds |
90-100% |
| Debt & Money Market Instruments |
0-10% |
|
