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Mutual Fund Review: Magnum Comma Fund

 

Objective
The objective of the scheme would be to generate opportunities for growth along with possibility of consistent returns by investing predominantly in a portfolio of stocks of companies engaged in the commodity business within the following sectors - Oil& Gas, Metals, Materials & Agriculture and in debt & money market instruments.

Instrument

% of Portfolio of Plan A & B

Risk Profile

Equity and equity related instruments of commodity based companies

within 65% – 100%

High

Foreign Securities/ADRs/GDRs of commodity based companies

0% - 10%

High

Fixed/Floating Rate Debt instruments including derivatives

0% - 30%

Medium

Money Market instruments*

0% - 30%

Low


Scheme Highlights

1.                               An open-ended equity scheme investing in stocks of commodity based companies.

2.                               Minimum Investment Rs.5000 and in multiples of Rs.1000 Dividend and Growth options available. Reinvestment and payout facility available.

3.                               Dividends will be completely tax-free. Long term capital gains to be completely tax-free. STT would be at the rate of 0.20% at the time of repurchase.


Minimum Application

Rs.5000 and in multiples of Rs.1000

ENTRY LOAD

Investments below Rs. 5 crores - 2.25% Investments of Rs.5 crores and above - NIL

EXIT LOAD Investments below Rs. 5 crore, exit within 6 months from the date of allotment – 1%, Investments below Rs. 5 crore, exit between 6 months & 12 months from the date of allotment – 0.5%, Investments below Rs. 5 crore, exit after 12 months from the date of allotment – Nil, Investments of Rs. 5 crore and above– Nil

SIP

Minimum amount Rs.500/month - 12 months Rs.1000/month - 6months, Rs.1500/quarter - 12 months Minimum amount

SWP

A minimum of Rs. 1000 can be withdrawn every month or quarter by indicating in the application form or by issuing advance instructions to the Registrars at any time.
 

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