SBI Magnum Comma Fund Direct Growth

SBI Magnum Comma Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 06-12-2024

₹ 112.68

0.5%

1D

Inception Returns

14.8%

/yr

About SBI Magnum Comma Fund Direct Growth

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.

Key Parameters

  1. SBI Magnum Comma Fund Direct Growth has ₹653 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 1.9.

Returns

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.

Holdings

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

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 benefit
Dividends 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1078 people have invested ₹ 35.8L in SBI Magnum Comma Fund Direct Growth in the last three months

INDmoney Rank for SBI Magnum Comma Fund Direct Growth

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IND ranking is not available for this fund.
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Beats FD returns for both 3Y & 5Y duration
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3Y returns in the bottom 25% of the category

SBI Magnum Comma Fund Direct Growth Overview

Expense ratio1.91%
Benchmark
IISL Nifty Commodities TR INR
AUM₹653 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
88.14%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
SBI Magnum Comma Fund Direct Growth
Nifty 500
equity - other
1M
1.5%
1.2%
-
3M
-3.4%
-0.7%
-
6M
11.8%
9.1%
-
1Y
25.7%
24.8%
-
3Y
14.7%
16.8%
-
5Y
23.8%
19.2%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 94.2%

  • Debt & Cash 5.8%

Large cap
50.9%

Small cap
28.9%

Mid cap
14.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Basic Materials
46.1%
Energy
28.9%
Utilities
11.2%
Consumer Defensive
9.3%
Consumer Cyclical
4.6%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-8.19%
2.38%
2.89%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -8.19% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund underperformed Nifty 500 by 1.67% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 654.9 Cr
₹ 697.3 Cr
₹ 675.5 Cr
  • AUM of the fund stands at 654.9 Cr as of Oct'24
  • AUM decreased by 42.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Tata Steel Ltd's allocation increased from 5.26% to 9.02%
Tata Steel Ltd's allocation increased from 5.26% to 9.02%
CESC Ltd's allocation increased from 4.82% to 5.98%
CESC Ltd's allocation increased from 4.82% to 5.98%
Arvind Ltd's allocation increased from 4.04% to 4.31%
Arvind Ltd's allocation increased from 4.04% to 4.31%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 8.99 % to 8.64 %
Reliance Industries Ltd's allocation decreased from 8.99 % to 8.64 %
UltraTech Cement Ltd's allocation decreased from 5.75 % to 5.74 %
UltraTech Cement Ltd's allocation decreased from 5.75 % to 5.74 %
Oil & Natural Gas Corp Ltd's allocation decreased from 5.97 % to 5.69 %
Oil & Natural Gas Corp Ltd's allocation decreased from 5.97 % to 5.69 %
Large Cap allocation has gone down from 53.2% to 50.9%
Large Cap allocation has gone down from 53.2% to 50.9%
Small Cap allocation has gone down from 29.8% to 28.9%
Small Cap allocation has gone down from 29.8% to 28.9%
Mid Cap allocation has gone down from 15.8% to 14.3%
Mid Cap allocation has gone down from 15.8% to 14.3%
Cash allocation has gone up from 1.1% to 5.8%
Cash allocation has gone up from 1.1% to 5.8%

Top 3 Sectors in October were Basic Materials, Energy & Utilities

Oct'24
Basic Materials
46%
Energy
29%
Utilities
11%
Sep'24
Basic Materials
46%
Energy
30%
Utilities
10%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
27
28
26
Top 5 Company Concentration
35.1%
35.3%
35.4%
Company having highest exposure
Tata Steel Ltd (9%)
Tata Steel Ltd (9.6%)
NTPC Ltd (7.7%)
No of Sectors
5
6
6
Top 5 Sectors Concentration
100%
97.4%
97.4%
Sector having highest exposure
Basic Materials (46.1%)
Basic Materials (45.5%)
Basic Materials (43.1%)
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Dinesh Balachandran
Dinesh Balachandran
Fund Manager of SBI Magnum Comma Fund Direct Growth, since 1 June 2024
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.84L Cr
as on 31-Oct-2024
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com

Mutual Fund Insights

Insights icon
In the last 3 years, SBI PSU Direct Growth has given 39.23% return, outperforming this fund by 24.57% per annum.
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Over the last 6 months, this fund has decreased expense ratio by 4.5% moving from 2.00 to 1.91.
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In the last 5 years, ICICI Prudential Commodities Fund Direct Growth has given 34.33% return, outperforming this fund by 10.57% per annum.
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In the last 1 year, HDFC Defence Fund Direct Growth has given 63.72% return, outperforming this fund by 38.05%.
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This fund expense ratio is slightly on the higher side within the category (equity - other). Its expense ratio is 1.91% which is higher than the category average expense ratio of 1.14%.
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Over the last 1 month, this fund has experienced a 6.1% drop in AUM moving from 697.31 Cr to 654.93 Cr.

SBI Magnum Comma Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 14.83% since inception which is less than its category average return of 19.56%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.16% in Equity, 0% in Debt and 5.84% in Cash related instruments
AUM size ₹653 Cr

AUM size ₹653 Cr

This fund has AUM of ₹653 Cr which is less than its category average of ₹ 2182 Cr
Expense Ratio 1.91%

Expense Ratio 1.91%

This fund has an expense ratio of 1.91% which is more than its category average expense ratio of 1.17%

Frequently Asked Questions for SBI Magnum Comma Fund Direct Growth

The current NAV of SBI Magnum Comma Fund Direct Growth is ₹112.68 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
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%
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1.91% as on November 2024
₹653 Cr as on November 2024
Tata Steel Ltd(8.8%), Reliance Industries Ltd(8.41%), UltraTech Cement Ltd(5.83%), CESC Ltd(5.52%), Oil & Natural Gas Corp Ltd(5.5%) as on November 2024
Basic Materials(43.41%), Energy(27.18%), Utilities(10.53%) as on November 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
3.49
-0.27
2.75
As on November 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
0.78
0.77
0.88
As on November 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
1.06
0.56
0.83
As on November 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
16.24
16.34
21.54
As on November 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 0.86 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Dinesh Balachandran is the fund manager of SBI Magnum Comma Fund Direct Growth
The Exit load of SBI Magnum Comma Fund Direct Growth is 0.5%