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SBI MNC Fund - NAV, Returns & Investment Details | Allvest 2025

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SBI MNC Fund: Get latest NAV, AUM, returns & fund analysis. Invest in multinational companies with expert fund management. Direct plans available on Allvest.

Investment Objective and Approach

The scheme seeks to provide the investor with the opportunity of long-term capital appreciation by investing in diversified portfolio comprising primarily of MNC companies. The SBI Magnum Global Fund—Direct Plan Growth primarily aims to give investors the benefit of long-term capital appreciation by diversifying its portfolio across leading MNCs.

The fund follows a thematic investment strategy focusing on:

- Primary Focus: It is categorised as an open-ended equity scheme and it invests a minimum of 80% of its net assets in multinational companies (MNCs).

- Diversification: The fund has the flexibility to allocate up to 20% of its net assets to equities of non-MNC companies, debt securities and money market instruments.

- Stock Selection: Overall, the scheme adopts a bottom-up approach for stock selection and includes a portfolio diversified across different market sectors.

- MNC Definition: These include companies in which a foreign entity is a major shareholder, Indian companies with more than half their turnover from international markets, and companies listed abroad.

The fund benchmarks its performance against the Nifty MNC TRI index and carries high risk levels typical of equity-focused investments.

Fund Managers

Rama Iyer Srinivasan, Tanmaya Desai, Pradeep Kesavan are the current fund managers of this mutual fund.

Rama Iyer Srinivasan:

- Mr. Srinivasan is M.Com and MFM.

- Prior to joining SBI Mutual Fund he has worked with Principal AMC, Oppenheimer & Co, Indosuez WI Carr and Motilal Oswal.

Tanmaya Desai:

- Mr. Desai is a B.E. (Electronics), MBA (Finance) and CFA (Level III).

- Prior to joining SBI Mutual Fund he has worked with D.J. Sanghvi College of Engineering and Patni Computer Systems Ltd.

- Mr. Desai has been working at SBI Funds Management Private Ltd since May 2008.

Pradeep Kesavan:

- Mr. Kesavan has done B.Com, MBA (Finance) and CFA

- Prior to joining SBI MF, he has worked with Elara Capital, Accenture Strategy, Morgan Stanley and 3i Infotech

The fund management team brings extensive experience of 15 years while managing equity & related investments.

About the Fund House (AMC)

The SBI Mutual Fund is a Joint Venture (JV) between one of India's largest and most profitable banks, the State Bank of India, and Amundi, which is a French asset management company. The SBI Mutual Fund was set up on June 29, 1987 and was incorporated on February 7, 1992.

Key Highlights of SBI Mutual Fund:

- Market Position: As of March 2024, the SBI Mutual Fund manages assets worth Rs. 9.14 lakh crores. In early 2019, it moved past Aditya Birla and HDFC Mutual Funds to emerge as the 3rd largest Mutual Fund body in India based on Assets under Management or AUM.

- Partnership: They are a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies., SBI currently holds 63% stake in SBIFMPL.

- Experience: With 30 years of rich experience in fund management, SBI Funds Management Ltd. (SBIFML) bring forward their expertise by consistently delivering value to their investors. They have a strong and proud lineage that traces back to the State Bank of India (SBI) - India's largest bank.

- Innovation: SBI Mutual Fund was the first Indian mutual fund company to introduce the 'Contra' fund in India. They also launched the first ESG fund in India.

The AMC manages Rs. 11,45,315 Cr as on 30, Jun 2025. SBI Mutual Fund has total of 780 schemes.

Should I Invest in SBI MNC Fund?

The SBI MNC Fund is suitable for investors seeking:

- Long-term Growth: When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

- High Risk Tolerance: The SBI Magnum Global Fund — Direct Plan Growth is an equity-heavy fund that carries significantly high levels of risk, much like its benchmark, the Nifty MNC TRI. So, if you are an investor with a high-level risk appetite eager to diversify your portfolio across equity assets in the MNC space, this mutual fund could be a suitable investment option for you.

Investment Requirements:

- Minimum Investment: The minimum investment required to start investing in SBI MNC Fund is ₹5,000 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.

- Investment Horizon: Do not invest in this, or any other MNC fund, if you need to redeem your investment in less than five years.

- Investment Method: Like for all equity funds, you must invest only through the SIP route.

Fund Performance (as of July 2025):

- AUM: ₹6308.74 Cr as of 18th July 2025.

- 5-Year Returns: Over the past five years, SBI MNC Fund has delivered an annualised return of 16.22% as of 21-Jul-2025.

- Since Inception: The fund has delivered a CAGR of 14.86 since inception.

FAQs

What is today's NAV of SBI MNC Fund?

The NAV changes daily. For the most current NAV, please check real-time updates on the Allvest platform or the fund house website.

What is the AUM of SBI MNC Fund?

The AUM of SBI MNC Fund is ₹6308.74 Cr as of 18th July 2025.

What is the expense ratio of SBI MNC Fund?

The expense ratio of SBI MNC Fund is 1.24% for the direct plan, while the regular plan has a higher expense ratio.

What are the returns of SBI MNC Fund since inception?

The SBI MNC Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 14.86 since inception.

What is the minimum SIP amount to invest in SBI MNC Fund?

The minimum SIP for SBI MNC Fund is ₹500.

How do I invest in SBI MNC Fund?

You can invest in SBI MNC Fund through Allvest's platform by logging into your account, selecting the fund, choosing between SIP or lump sum, and completing the investment process online.

How to start a SIP in SBI MNC Fund?

On Allvest, click 'Invest', enter your desired SIP amount and date, choose your payment method, and your SIP will be activated for regular monthly investments.

How do I automate an SIP in SBI MNC Fund?

After creating your SIP on Allvest, set up autopay through UPI, net banking, or debit card to ensure seamless monthly investments without manual intervention.

How can I withdraw/redeem my investment in SBI MNC Fund?

Log into your Allvest account, go to your portfolio, select the fund, and place a redemption request. Note that exit load of 1% if redeemed within 12 months.