Monday, June 27, 2011

SBI MAGNUM MULTIPLIER PLUS

SBI Magnum Multiplier Plus 1993 (MMPS) is a diversified equity fund which invests across market capitalization i.e. in large, mid and small cap stocks, with an endeavour to generate long term capital appreciation through investment in equities of high growth companies. Domestic consumption and health care are the focussed themes for the fund. Like any other open ended diversified equity fund not less than 70% of net assets will be in equity and equity related instruments while not more than 30% will be invested in debt instruments including securitized debt.

SBI MMPS was allotted in February 1993 and growth option was introduced in May 2005.Currently Mr. Jayesh Shroff is the fund manager of MMPS who is experienced in the market for over 10 years. Fund has been doing well consistently for many years and in terms of five years period MMPS has given 24.97% returns against 19.26% given by the benchmark index Sensex. Since inception fund has given 14.75% whereas Sensex return stood at 11.86%.


Being an open ended scheme with high liquidity which invests across market capitalisation MMPS will be a sure bet to choose under systematic investment plan for a long term investor. Following table will give a clear picture on SIP returns in in this fund.

If you had invested Rs.5000/- per month in MMPS on the 1st of every month through Systematic Investment Plan,

SBI MAGNUM MULTIPLIER PLUS-93

SIP Performance

SIP (in Years)

Amount Invested

Present Value

CAGR(%)

3

180000.00

231176.54

17.97

5

300000.00

401368.69

11.98

7

420000.00

830768.21

19.57

10

600000.00

2537783.39

27.55

( NAV as on June 1, 2011: Rs.79.33)

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