SBI Magnum Comma Fund Direct Growth
Equity
Direct
Equity - Other
About the Fund
SBI Magnum Comma Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Richard D'souza, Mohit Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Magnum Comma Fund Direct Growth has ₹620 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 1.9.
Returns
SBI Magnum Comma Fund Direct Growth has given a CAGR return of 15.11% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 46.47%, 15.10% and 24.35% respectively.
Holdings
SBI Magnum Comma Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Energy, Utilities, Consumer Cyclical, Consumer Defensive, Financial Services. Its top holdings are Reliance Industries Ltd, Tata Steel Ltd, NTPC Ltd, UltraTech Cement Ltd, Oil & Natural Gas Corp Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of SBI Magnum Comma Fund Direct Growth
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 and commodity related businesses.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Comma Fund Direct Growth has no lock in period.
Fund Performance
1094 people have invested ₹ 29L in SBI Magnum Comma Fund Direct Growth in the last three months
INDmoney Rank
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IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 1.93% |
Benchmark | IISL Nifty Commodities TR INR |
| AUM | ₹620 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 65% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Large cap
55.6%
Small cap
23.5%
Mid cap
14.6%
Sector Allocation
Basic Materials
46.3%
Energy
32.8%
Utilities
8.2%
Consumer Cyclical
4.8%
Consumer Defensive
4.3%
Financial Services
3.5%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
See all
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Oil India Ltd | 17.7% |
 UltraTech Cement Ltd | 7% |
 Reliance Industries Ltd | 3.2% |
Richard D'souza
Fund Manager of SBI Magnum Comma Fund Direct Growth, since 1 August 2014
Top funds managed
Mohit Jain
Fund Manager of SBI Magnum Comma Fund Direct Growth, since 30 November 2017
Top funds managed
Mutual Fund Insights
In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 43.04% return, outperforming this fund by 27.93% per annum.
In the last 1 year, HDFC Defence Fund Direct Growth has given 116.3% return, outperforming this fund by 69.84%.
Over the last 3 months, this fund has decreased expense ratio by 3.5% moving from 2.00 to 1.93.
Over the last 1 month, this fund has experienced a 4.1% growth in AUM moving from 595.31 Cr to 619.97 Cr.
In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 33.33% return, outperforming this fund by 8.99% per annum.
This fund expense ratio is slightly on the higher side within the category (equity - other). Its expense ratio is 1.93% which is higher than the category average expense ratio of 1.12%.
SBI Magnum Comma Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.11% since inception which is less than its category average return of 24.94%
Fund Allocations
This fund has an allocation of 93.64% in Equity, 0% in Debt and 6.36% in Cash related instruments
AUM size ₹620 Cr
This fund has AUM of ₹620 Cr which is less than its category average of ₹ 2178 Cr
Expense Ratio 1.93%
This fund has an expense ratio of 1.93% which is more than its category average expense ratio of 1.21%
Frequently Asked Questions
The current NAV of SBI Magnum Comma Fund Direct Growth is ₹109.9 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
SBI Magnum Comma Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.9% | 2.9% |
6 Month Returns | 14.76% | 14.76% |
1 Year Returns | 46.47% | 46.47% |
3 Years Returns | 52.5% | 15.1% |
5 Years Returns | 197.29% | 24.35% |
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- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.93% as on June 2024
₹620 Cr as on June 2024
Reliance Industries Ltd(8.45%), Tata Steel Ltd(7.79%), NTPC Ltd(7.65%), UltraTech Cement Ltd(6.4%), Oil & Natural Gas Corp Ltd(6.19%) as on June 2024
Basic Materials(43.36%), Energy(30.74%), Utilities(7.65%) as on June 2024
The alpha ratio for the SBI Magnum Comma Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Magnum Comma Fund Direct Growth | 1.28 | -2.7 | 2.23 |
As on June 2024
The alpha for SBI Magnum Comma Fund Direct Growth is calculated against IISL Nifty Commodities TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the SBI Magnum Comma Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Magnum Comma Fund Direct Growth | 0.79 | 0.8 | 0.88 |
As on June 2024
The Beta for SBI Magnum Comma Fund Direct Growth is calculated with IISL Nifty Commodities TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the SBI Magnum Comma Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Magnum Comma Fund Direct Growth | 2.27 | 0.68 | 0.83 |
As on June 2024
The sharpe ratio for SBI Magnum Comma Fund Direct Growth is calculated with IISL Nifty Commodities TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the SBI Magnum Comma Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Magnum Comma Fund Direct Growth | 14.07 | 16.2 | 21.81 |
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.12 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Richard D'souza, Mohit Jain are the fund managers of SBI Magnum Comma Fund Direct Growth
The Exit load of SBI Magnum Comma Fund Direct Growth is 0.5%