Equity
Direct
Equity - Other
NAV as on 06-12-2024
₹ 112.68
▲0.5%
1D
Inception Returns
14.8%
/yr
SBI Magnum Comma Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Dinesh Balachandran. The fund could potentially beat inflation in the long-run.
SBI Magnum Comma Fund Direct Growth has given a CAGR return of 14.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.67%, 14.66% and 23.76% respectively.
SBI Magnum Comma Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Energy, Utilities, Consumer Defensive, Consumer Cyclical. Its top holdings are Tata Steel Ltd, Reliance Industries Ltd, UltraTech Cement Ltd, CESC Ltd, Oil & Natural Gas Corp Ltd
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.
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 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.
Expense ratio | 1.91% |
Benchmark | IISL Nifty Commodities TR INR |
AUM | ₹653 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.5% |
Lock In | No Lock-in |
TurnOver | 88.14% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Basic Materials, Energy & Utilities
SBI Magnum Comma Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.5% | 1.5% |
6 Month Returns | 11.83% | 11.83% |
1 Year Returns | 25.67% | 25.67% |
3 Years Returns | 50.74% | 14.66% |
5 Years Returns | 190.33% | 23.76% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Magnum Comma Fund Direct Growth | 3.49 | -0.27 | 2.75 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Magnum Comma Fund Direct Growth | 0.78 | 0.77 | 0.88 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Magnum Comma Fund Direct Growth | 1.06 | 0.56 | 0.83 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Magnum Comma Fund Direct Growth | 16.24 | 16.34 | 21.54 |