{"id":10456,"date":"2024-12-24T10:53:51","date_gmt":"2024-12-24T10:53:51","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=10456"},"modified":"2025-05-22T09:35:37","modified_gmt":"2025-05-22T09:35:37","slug":"sbi-magnum-equity-esg-fund-direct-growth","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/","title":{"rendered":"SBI Magnum Equity ESG Fund- Direct-Growth: Key Insights, Returns, Risks, and More"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Fund_Management_and_Objectives\" >Fund Management and Objectives<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#How_does_the_SBI_Magnum_Equity_ESG_Fund_Work\" >How does the SBI Magnum Equity ESG Fund Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Performance_and_Returns\" >Performance and Returns&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Investment_Allocation_As_of_30_Nov_2024\" >Investment Allocation (As of 30 Nov 2024)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Key_Metrics\" >Key Metrics&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Risk_and_Performance_of_the_SBI_Magnum_Equity_ESG_Fund\" >Risk and Performance of the SBI Magnum Equity ESG Fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Taxation_for_SBI_Magnum_Equity_ESG_Fund\" >Taxation for SBI Magnum Equity ESG Fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#How_to_Invest_in_SBI_Magnum_Equity_ESG_Fund_Direct\" >How to Invest in SBI Magnum Equity ESG Fund Direct?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Investing_in_Lump_Sum_Mutual_Funds_through_the_Shoonya_Web_Platform\" >Investing in Lump Sum Mutual Funds through the Shoonya Web Platform<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Setting_Up_an_SIP_for_Mutual_Funds\" >Setting Up an SIP for Mutual Funds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Why_Invest_in_the_SBI_Magnum_Equity_ESG_Fund\" >Why Invest in the SBI Magnum Equity ESG Fund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Suitability_of_this_Fund_Who_Should_Invest\" >Suitability of this Fund| Who Should Invest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#FAQs_SBI_Magnum_Equity_ESG_Fund_Direct_Plan-Growth_plan\" >FAQs| SBI Magnum Equity ESG Fund Direct Plan-Growth plan<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/\">Investing<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/mutual-funds\/\">Mutual Funds<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>SBI Magnum Equity ESG Fund- Direct-Growth: Key Insights, Returns, Risks, and More<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Environmental concerns are only rising and it is not restricted to any specific nation or region, but the concern is global. Thus, in recent years, you have seen different companies consciously up their games in ESG matters. This is here to stay as the more businesses adhere to environmental, social, and governance guidelines, the more sustainable future we can see.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since sustainability and ESG are two of the following things in recent times, investing in companies, that are following these ESG guidelines, can not only be great from the ROI perspective but also the sustainable and investing perspective. In the ESG space, <strong>SBI MAGNUM EQUITY ESG FUND DIRECT GROWTH<\/strong> is one of the top funds that you can consider.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This article will revolve around the details of <strong>SBI Magnum Equity ESG Fund<\/strong>, the process or investment strategy, returns, risks, key metrics, and a lot more.&nbsp;<\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-fund-management-and-objectives-\"><span class=\"ez-toc-section\" id=\"Fund_Management_and_Objectives\"><\/span><strong>Fund Management and Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SBI Magnum Equity ESG Fund- Direct-Growth <\/strong>is an equity fund, which invests in the ESG theme. The fund invests in a diversified portfolio of companies\u2019 stocks, which adhere to Environmental, Social, and Governance (ESG) regulations and criteria thoroughly. The goal of <strong>SBI Magnum Equity ESG Fund Direct<\/strong> is to generate capital in the long term via multiple investment opportunities and offer a sustainable investment option.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fund is managed by Rohit Shimpi since 1 January 2022. He was associated with JP Morgan\u2019s Offshore Research Centre, CNBC TV18, and HDFC Standard Life Insurance before joining SBI Mutual Fund. He is one of the top fund managers in the SBI mutual fund house managing six funds at present.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Coming to his educational background, he is a Chartered Financial Analyst (CFA), along with a PGDBM in Finance and a B.com graduate.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"https:\/\/shoonya.com\/open-an-account\/\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Want to invest in the SBI Magnum Equity ESG Fund? Open your account today with the best Mutual fund App<\/mark><\/a><a href=\"https:\/\/shoonya.com\/open-an-account\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">.&nbsp;<\/mark><\/a><\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-how-does-the-sbi-magnum-equity-esg-fund-work-\"><span class=\"ez-toc-section\" id=\"How_does_the_SBI_Magnum_Equity_ESG_Fund_Work\"><\/span><strong>How does the SBI Magnum Equity ESG Fund Work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>SBI Magnum Equity ESG Fund<\/strong> explores the opportunities in the equity market sticking to the companies following ESG criteria. So, the fund managers have full freedom here to pick any stock however that should be of a company that adheres to ESG norms. The fund manager can allocate funds as per his analysis and can reallocate whenever he feels right and beneficial for the investors.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since there is no restriction on market capitalization or any other factor, the fund manager chooses stocks according to their potential. This makes the fund a well-diversified one, as it can invest across market capitalization and across sectors, which is another huge benefit, helps in risk management of the fund, and optimizes returns.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-performance-and-returns-\"><span class=\"ez-toc-section\" id=\"Performance_and_Returns\"><\/span><strong>Performance and Returns&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SBI Magnum Equity ESG Fund- Direct-Growth <\/strong>has offered a consistent return over the years. It has been offering an annualized return of 14.77% since its launch back in 1 Jan 2013. Here is a detailed analysis of the returns generated by the fund &#8211;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Time Frame<\/strong><\/td><td><strong>SBI Magnum Equity ESG Fund Direct-Growth Return (%)&nbsp;<\/strong>(as of 20 Dec 2024)&nbsp;<\/td><td><strong>BSE 100 TRI Return (%)<\/strong>(as of 23 Dec 2024)<\/td><td><strong>ESG \u2013 Thematic Fund Category Average&nbsp;<\/strong>(as of 23 Dec 2024)<\/td><\/tr><tr><td>10 Year Return<\/td><td>13.31<\/td><td>13.18<\/td><td>&#8211;<\/td><\/tr><tr><td>5 Year Return<\/td><td>15.93<\/td><td>16.89<\/td><td>18.64<\/td><\/tr><tr><td>3 Year Return<\/td><td>13.73<\/td><td>14.66<\/td><td>13.78<\/td><\/tr><tr><td>1 Year Return<\/td><td>16.71<\/td><td>15.77<\/td><td>19.79<\/td><\/tr><tr><td>6 Month<\/td><td>0.88<\/td><td>1.56<\/td><td>3.34<\/td><\/tr><tr><td>3 Month<\/td><td>-6.71<\/td><td>-8.23<\/td><td>-8.10<\/td><\/tr><tr><td>YTD<\/td><td>13.68<\/td><td>13.74<\/td><td>17.86<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">From the above table, it can be understood, that the <strong>SBI Magnum Equity ESG Fund<\/strong> is consistent with its return and the volatility is not that high, but it offers a below-average return when compared to its peers and even the BSE 100 index.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-investment-allocation-as-of-30-nov-2024\"><span class=\"ez-toc-section\" id=\"Investment_Allocation_As_of_30_Nov_2024\"><\/span>Investment Allocation (As of 30 Nov 2024)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>SBI Magnum Equity ESG Fund Growth<\/strong> currently has 98.34% of its assets allocated into the equities and equity-related instruments, and 1.66% allocated into cash and cash equivalents.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Market cap-wise asset allocation&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Giant cap \u2013 69.86%<\/li>\n\n\n\n<li>Large Cap \u2013 12.11%<\/li>\n\n\n\n<li>Mid-cap \u2013 18.03%<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">As of 30 Nov, the fund had an average market cap of \u20b9 335056 crore which is spread across a portfolio of 40 stocks in total. The top 10 stocks make up to 53.17%, while the top 3 sectors make up to 60.94%.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sectoral Allocation&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The top five sectors in this fund include \u2013&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Sectors&nbsp;<\/strong><\/td><td><strong>Allocation (%)<\/strong><\/td><\/tr><tr><td>Financial sector<\/td><td>34.19<\/td><\/tr><tr><td>Technology&nbsp;<\/td><td>20.22<\/td><\/tr><tr><td>Industrials<\/td><td>14.23<\/td><\/tr><tr><td>Consumer discretionary&nbsp;<\/td><td>13.87<\/td><\/tr><tr><td>Materials<\/td><td>5.28<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Stock-wise Allocation&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Top five stocks <strong>\u2013&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Stock<\/strong><\/td><td><strong>Assets (%)<\/strong><\/td><\/tr><tr><td>HDFC Bank<\/td><td>9.02<\/td><\/tr><tr><td>Infosys<\/td><td>8.64<\/td><\/tr><tr><td>ICICI Bank<\/td><td>7.80<\/td><\/tr><tr><td>Tata Consultancy Services (TCS)<\/td><td>4.79<\/td><\/tr><tr><td>Larsen &amp; Turbo (L&amp;T)<\/td><td>4.69<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"4-key-metrics-\"><span class=\"ez-toc-section\" id=\"Key_Metrics\"><\/span><strong>Key Metrics&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As of 30 November 2024, the fund\u2019s expense ratio stood at 1.31%, which is a bit higher than the category average of 0.85%.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Fund Details<\/strong><\/td><td><strong>Information<\/strong><\/td><\/tr><tr><td><strong>AUM (Assets Under Management)<\/strong><\/td><td>\u20b95806 Crore as of 30 November 2024<\/td><\/tr><tr><td><strong>Category<\/strong><\/td><td>Equity Fund \u2013 Thematic ESG<\/td><\/tr><tr><td><strong>Fund Managers<\/strong><\/td><td>Rohit Shimpi<\/td><\/tr><tr><td><strong>Exit Load<\/strong><\/td><td>1% for redemption within 365 days<\/td><\/tr><tr><td><strong>Entry Load<\/strong><\/td><td>Nil<\/td><\/tr><tr><td><strong>Minimum Investment<\/strong><\/td><td>\u20b91000 (Lump sum)\u20b9 500 (SIP)<\/td><\/tr><tr><td><strong>Benchmark<\/strong><\/td><td>Nifty 100 ESG TRI<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>SBI Magnum Equity ESG Fund NAV <\/strong>as of<strong> <\/strong>20 December<strong> <\/strong>2024 stood at \u20b9252.37.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5-risk-and-performance-of-the-sbi-magnum-equity-esg-fund\"><span class=\"ez-toc-section\" id=\"Risk_and_Performance_of_the_SBI_Magnum_Equity_ESG_Fund\"><\/span>Risk and Performance of the SBI Magnum Equity ESG Fund<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This fund is classified as a \u2018Very High Risk\u2019 fund, which means the fund has the potential for higher returns but the volatility will be high as well.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Standard Deviation (Std Dev %): <\/strong>It shows how much the returns may vary from the average returns of the fund. The higher this number, the more it fluctuates.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SBI Magnum Equity ESG Fund <\/strong>has a<strong> <\/strong>standard deviation of 12.75%, which is a bit lower than the category average of 13.98% and even lower than the standard deviation of BSE 100 TRI, which is 12.99%.&nbsp;<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Sharpe Ratio: <\/strong>This ratio indicates the return you get for the risk you are taking. A higher number means better risk-adjusted returns.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">This fund has a Sharpe ratio of 0.59% while the category average is 0.62% indicating, the fund has bit poor risk-adjusted returns.&nbsp;<\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Sortino Ratio: <\/strong>It is similar to Sharpe but only looks at downside risk (the risk of losing money).<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">The Sortino ratio of <strong>SBI Magnum Equity ESG Fund Direct plan growth <\/strong>is 1.16 while that of the category is 1.10 on average, which again depicts lower risk-adjusted gains and a bit higher downside risks.&nbsp;<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li><strong>Beta: <\/strong>This ratio indicates the volatility of the fund\u2019s performance, compared to similar funds in the market. The lower the Beta, the more predictable the returns are, and vice versa. It helps in comparing funds.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SBI Magnum Equity ESG Fund <\/strong>has 0.94% as beta while the category average is 0.97 indicating lesser volatility of the fund.&nbsp;&nbsp;<\/p>\n\n\n\n<ol start=\"5\" class=\"wp-block-list\">\n<li><strong>Alpha: <\/strong>It measures<strong> <\/strong>the extra return the fund gives above the market&#8217;s average return.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SBI Magnum Equity ESG Fund<\/strong> has a negative alpha of 1.24, which indicates that the fund gives a lower return compared to the market\u2019s average or category average.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6-taxation-for-sbi-magnum-equity-esg-fund\"><span class=\"ez-toc-section\" id=\"Taxation_for_SBI_Magnum_Equity_ESG_Fund\"><\/span>Taxation for SBI Magnum Equity ESG Fund<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SBI Magnum Equity ESG Fund\u2019s<\/strong> returns are taxable as per equity funds returns &#8211;&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Short-Term Gains<\/strong> &#8211; If you sell the fund units within 365 days of investment, a 20% tax will be levied on the entire return generated during the period.&nbsp;<\/li>\n\n\n\n<li><strong>Long-Term Gains<\/strong> &#8211; If you sell the fund units after one year, a 12.5% tax will be levied on returns over \u20b9 1.25 lakh. The same rate will be applicable for any investment tenure above 1 year.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"https:\/\/onelink.to\/aw8e9m\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">The longer the tenure better be tax-adjusted returns! Start investing today with our Mutual Fund App.&nbsp;<\/mark><\/a><\/em><\/strong><\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Taxes on Dividends<\/strong> \u2013 Dividends earned if any will be taxable at the hands of investors as per their tax slabs. If the dividend income surpasses Rs. 5000 in a financial year, then the fund house will deduct 10% TDS before disbursing the dividend into the account of the investor.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Minimum Investment and Lock-in Period<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The minimum investment amount in the <strong>SBI Magnum Equity ESG Fund <\/strong>is \u20b91000 for a lump sum and for SIP, it is \u20b9 500. There is no lock-in period for the <strong>SBI Magnum Equity ESG Fund Direct-Growth<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"7-how-to-invest-in-sbi-magnum-equity-esg-fund-direct\"><span class=\"ez-toc-section\" id=\"How_to_Invest_in_SBI_Magnum_Equity_ESG_Fund_Direct\"><\/span>How to Invest in SBI Magnum Equity ESG Fund Direct?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">You can invest in the <strong>SBI Magnum Equity ESG Fund- Direct-Growth<\/strong> plan with Shoonya.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shoonya offers a free Demat account, advanced trading tools, 100+ technical indicators, and much more!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"8-investing-in-lump-sum-mutual-funds-through-the-shoonya-web-platform\"><span class=\"ez-toc-section\" id=\"Investing_in_Lump_Sum_Mutual_Funds_through_the_Shoonya_Web_Platform\"><\/span>Investing in Lump Sum Mutual Funds through the Shoonya Web Platform<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s a quick guide on how to invest in lump sum mutual funds through the Shoonya web platform:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>First, you must log in to your Shoonya account at <a href=\"https:\/\/trade.shoonya.com\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">trade.shoonya.com<\/mark><\/a>. From the &#8220;Orders&#8221; section, click on &#8220;MF order.&#8221;<\/li>\n\n\n\n<li>Search for the fund you wish to invest in; in this case, the SBI Magnum Equity ESG Fund- Direct Growth plan.<\/li>\n\n\n\n<li>Choose &#8220;Fresh&#8221; for a new investment and enter the amount you want to invest.<\/li>\n\n\n\n<li>You can complete your purchase by clicking the &#8220;Purchase&#8221; button.<\/li>\n\n\n\n<li>You will receive a payment link on your registered email. Use the link to make the payment.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">After payment, your mutual fund units will be allotted to your Demat account within T+2 days.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Note:<\/strong> You can only make the payment using the bank account registered with your Demat account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"9-setting-up-an-sip-for-mutual-funds\"><span class=\"ez-toc-section\" id=\"Setting_Up_an_SIP_for_Mutual_Funds\"><\/span>Setting Up an SIP for Mutual Funds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you prefer a <strong>Systematic Investment Plan<\/strong> (SIP) for SBI Magnum Equity ESG FundDirect Plan-Growth plan, you must follow these steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>First, you need to log in to your Shoonya account at <a href=\"https:\/\/trade.shoonya.com\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">trade.shoonya.com<\/mark><\/a>. Go to &#8220;Orders&#8221; and click on &#8220;XSIP.&#8221;<\/li>\n\n\n\n<li>Find the mutual fund for which you want to set up an SIP. In this case, the SBI Magnum Equity ESG Fund- Direct Growth plan.<\/li>\n\n\n\n<li>If this is your first SIP with Shoonya, you need to create a Mandate ID.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">For that, you must enter the mandate amount and the validity date (until you want to keep your SIP active).<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li>You must submit the details, and you\u2019ll receive a Mandate authentication link via email. Approval generally takes 24 hours.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Once your Mandate is approved, you can follow these steps to set up your SIP:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Go to &#8220;XSIP,&#8221; enter the SIP amount, and select &#8220;Fresh&#8221; as the transaction type.<\/li>\n\n\n\n<li>Choose the date when the SIP will be debited directly from your registered bank.<\/li>\n\n\n\n<li>The approved Mandate ID will auto-reflect.<\/li>\n\n\n\n<li>Choose &#8220;Monthly&#8221; for monthly debits and specify the number of installments (e.g., 24 installments for a 2-year SIP).<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">If you do not want to forget your SIPs and invest systematically, the SIP method can be most suitable for you.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"10-why-invest-in-the-sbi-magnum-equity-esg-fund\"><span class=\"ez-toc-section\" id=\"Why_Invest_in_the_SBI_Magnum_Equity_ESG_Fund\"><\/span>Why Invest in the SBI Magnum Equity ESG Fund?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The top reasons for investing<strong> <\/strong>in the <strong>SBI Magnum Equity ESG Fund Direct-Growth<\/strong> can be \u2013&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A highly diversified portfolio of investments which invest across sectors, and market caps<\/li>\n\n\n\n<li>The fund\u2019s performance has been consistent over the years, with lower-than-average volatility.<\/li>\n\n\n\n<li>It is taxed as an equity fund which offers tax benefits<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"11-suitability-of-this-fund-who-should-invest\"><span class=\"ez-toc-section\" id=\"Suitability_of_this_Fund_Who_Should_Invest\"><\/span>Suitability of this Fund| Who Should Invest?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>SBI Magnum Equity ESG FundDirect <\/strong>is suitable for investors who:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Interested in sustainable investing&nbsp;<\/li>\n\n\n\n<li>Are looking for higher returns and ready to take higher risk&nbsp;<\/li>\n\n\n\n<li>Want to diversify their portfolio&nbsp;<\/li>\n\n\n\n<li>Looking for long-term capital appreciation, you need to stay invested for at least five years to witness fair and generous returns.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"12-conclusion-\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For long-term sustainable investments, <strong>SBI Magnum Equity ESG Fund<\/strong> can be considered as it has been offering a stable return over the years. However, you also need to look at the other factors whether you are a risk taker or risk average, and your investment goals. If you are ready to stay invested and have a good risk appetite, then this fund can be considered.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"13-faqs-sbi-magnum-equity-esg-fund-direct-plan-growth-plan\"><span class=\"ez-toc-section\" id=\"FAQs_SBI_Magnum_Equity_ESG_Fund_Direct_Plan-Growth_plan\"><\/span>FAQs| SBI Magnum Equity ESG Fund Direct Plan-Growth plan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1735022392872\"><strong class=\"schema-faq-question\"><strong>1. Is SBI Magnum Equity ESG Fund a thematic fund?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, SBI Magnum Equity ESG Fund- Direct Plan is a thematic fund based on the ESG theme which invests in equities of companies that follow ESG norms to the core.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1735022411871\"><strong class=\"schema-faq-question\"><strong>2. What is the expense ratio of the SBI Magnum Equity ESG Fund- Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The expense ratio of the SBI Magnum Equity ESG Fund- Direct Plan is 1.31% as of 30 November 2024.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1735022412408\"><strong class=\"schema-faq-question\"><strong>3. What is the current NAV of the SBI Magnum Equity ESG Fund- Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The current NAV (Net Asset Value) of the SBI Magnum Equity ESG Fund- Direct Plan as of<strong> <\/strong>20 December<strong> <\/strong>2024 stood at \u20b9252.37.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1735022434215\"><strong class=\"schema-faq-question\">4<strong>. What is the AUM of the SBI Magnum Equity ESG Fund- Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The total assets under management (AUM) of SBI Magnum Equity ESG Fund- Direct Plan is \u20b95806 crore as of 30 November 2024.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1735022456383\"><strong class=\"schema-faq-question\">5<strong>. What is the Riskometer level of the SBI Magnum Equity ESG Fund- Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The Riskometer level of the SBI Magnum Equity ESG Fund- Direct Plan is marked as &#8220;Very High Risk&#8221;.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1735022468648\"><strong class=\"schema-faq-question\">6<strong>. What are the top holdings of the SBI Magnum Equity ESG Fund- Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Some of the top stocks and debt instruments held by SBI Magnum Equity ESG Fund are \u2013\u00a0<br\/>HDFC Bank, Infosys, ICICI Bank, Tata Consultancy Services (TCS), Larsen &amp; Turbo (L&amp;T)<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1735022483921\"><strong class=\"schema-faq-question\">7<strong>. What is the PE ratio of the SBI Magnum Equity ESG Fund?<\/strong><\/strong> <p class=\"schema-faq-answer\">The PE ratio of SBI Magnum Equity ESG Fund- Direct Plan<strong> <\/strong>is<strong> <\/strong>26.02% as of 30 Nov 2024.<\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: <a href=\"https:\/\/www.valueresearchonline.com\/funds\/16219\/sbi-esg-exclusionary-strategy-fund-direct-plan\/#fund-portfolio\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">ValueResearch<\/mark><\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" 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Thus, in recent years, you have seen different companies consciously up their games in ESG matters. This is here to stay as the more businesses adhere to environmental, social, and governance guidelines, the more &hellip; <a href=\"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SBI Magnum Equity ESG Fund- Direct-Growth: Key Insights, Returns, Risks, and More&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":10458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[12],"tags":[6189,6190,6191,6188,6193,6192,6194],"class_list":["post-10456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds","tag-sbi-esg-exclusionary-strategy-fund","tag-sbi-esg-exclusionary-strategy-fund-direct-plan-growth","tag-sbi-magnum-equity-esg-fund","tag-sbi-magnum-equity-esg-fund-direct-growth","tag-sbi-magnum-equity-esg-fund-direct-plan-growth","tag-sbi-magnum-equity-esg-fund-nav","tag-sbi-magnum-equity-esg-fund-performance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBI Magnum Equity ESG Fund- Direct-Growth: Explore this 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Is SBI Magnum Equity ESG Fund a thematic fund?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, SBI Magnum Equity ESG Fund- Direct Plan is a thematic fund based on the ESG theme which invests in equities of companies that follow ESG norms to the core.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022411871","position":2,"url":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022411871","name":"2. What is the expense ratio of the SBI Magnum Equity ESG Fund- Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The expense ratio of the SBI Magnum Equity ESG Fund- Direct Plan is 1.31% as of 30 November 2024.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022412408","position":3,"url":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022412408","name":"3. What is the current NAV of the SBI Magnum Equity ESG Fund- Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The current NAV (Net Asset Value) of the SBI Magnum Equity ESG Fund- Direct Plan as of<strong> <\/strong>20 December<strong> <\/strong>2024 stood at \u20b9252.37.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022434215","position":4,"url":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022434215","name":"4. What is the AUM of the SBI Magnum Equity ESG Fund- Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The total assets under management (AUM) of SBI Magnum Equity ESG Fund- Direct Plan is \u20b95806 crore as of 30 November 2024.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022456383","position":5,"url":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022456383","name":"5. What is the Riskometer level of the SBI Magnum Equity ESG Fund- Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The Riskometer level of the SBI Magnum Equity ESG Fund- Direct Plan is marked as \"Very High Risk\".\u00a0","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022468648","position":6,"url":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022468648","name":"6. What are the top holdings of the SBI Magnum Equity ESG Fund- Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Some of the top stocks and debt instruments held by SBI Magnum Equity ESG Fund are \u2013\u00a0<br\/>HDFC Bank, Infosys, ICICI Bank, Tata Consultancy Services (TCS), Larsen &amp; Turbo (L&amp;T)","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022483921","position":7,"url":"https:\/\/shoonya.com\/blog\/sbi-magnum-equity-esg-fund-direct-growth\/#faq-question-1735022483921","name":"7. What is the PE ratio of the SBI Magnum Equity ESG Fund?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The PE ratio of SBI Magnum Equity ESG Fund- Direct Plan<strong> <\/strong>is<strong> <\/strong>26.02% as of 30 Nov 2024.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/10456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/comments?post=10456"}],"version-history":[{"count":6,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/10456\/revisions"}],"predecessor-version":[{"id":12621,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/10456\/revisions\/12621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media\/10458"}],"wp:attachment":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media?parent=10456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/categories?post=10456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/tags?post=10456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}