SBI Magnum Comma Fund Direct Growth

SBI Magnum Comma Fund Direct Growth

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Equity
Direct
Equity - Other
NAV: ₹ 96.88 as on 28-02-2024
Fund Performance
zero opening, trading, fund transfer fee
1163 people have invested ₹ 36.3L in SBI Magnum Comma Fund Direct Growth in the last three months

Mutual Fund Insights

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Over the last 6 months, this fund has experienced a 24.1% growth in AUM moving from 451.55 Cr to 560.53 Cr.
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This fund expense ratio is slightly on the higher side within the category (equity - other). Its expense ratio is 2.01% which is higher than the category average expense ratio of 1.14%.
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In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 31.02% return, outperforming this fund by 7.51% per annum.
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In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 43.48% return, outperforming this fund by 22.48% per annum.
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Over the last 1 month, this fund has decreased expense ratio by 1.0% moving from 2.03 to 2.01.
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In the last 1 year, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 100.29% return, outperforming this fund by 55.21%.

INDmoney Rank of SBI Magnum Comma Fund Direct Growth

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IND ranking is not available for this fund.

Pros

Beats FD returns for both 3Y & 5Y duration

Cons

No bad points found for this fund.

About the 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 Richard D'souza, Mohit Jain. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. SBI Magnum Comma Fund Direct Growth has ₹561 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 2.

SBI Magnum Comma Fund Direct Growth Overview

Expense ratio
Expense ratio
2.01%
Benchmark
Benchmark
IISL Nifty Commodities TR INR
AUM
AUM
₹561 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
65%

SBI Magnum Comma Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 93.6%

  • Debt & Cash 6.4%

Size breakup

Large cap
47.5%
Small cap
31.3%
Mid cap
14.8%
Sector Allocation

Jan'24

Dec'23

Nov'23

Basic Materials
54.8%
Energy
22.6%
Utilities
7.7%
Industrial
6.3%
Consumer Defensive
5.4%
Consumer Cyclical
3.2%

Top Holdings of SBI Magnum Comma Fund Direct Growth as on (31-Jan-24)

  • Equity

Equity Holdings22

SBI Magnum Comma Fund Direct Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
3.38%
9.70%
8.85%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at 3.38% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund outperformed Nifty 500 by 1.67% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 560.5 Cr
₹ 542.6 Cr
₹ 496.7 Cr
  • AUM of the fund stands at 560.5 Cr as of Jan'24
  • AUM increased by 18 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in SBI Magnum Comma Fund Direct Growth portfolio Returns for the month of Jan

SBI Magnum Comma Fund Direct Growth Fund Manager

Richard D'souza
Richard D'souza
Fund Manager of SBI Magnum Comma Fund Direct Growth, since 1 August 2014
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI PSU Direct Growth
39.96%
--
SBI Magnum Comma Fund Direct Growth
21%
--
Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Comma Fund Direct Growth, since 30 November 2017

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 14.61% since inception which is less than its category average return of 22.25%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.63% in Equity, 0% in Debt and 6.37% in Cash related instruments
AUM size ₹561 Cr

AUM size ₹561 Cr

This fund has AUM of ₹561 Cr which is less than its category average of ₹ 1689 Cr
Expense Ratio 2.01%

Expense Ratio 2.01%

This fund has an expense ratio of 2.01% which is more than its category average expense ratio of 1.32%

Frequently Asked Questions

The current NAV of SBI Magnum Comma Fund Direct Growth is ₹96.88 as on 28-Feb-2024.
Existing (Absolute + CAGR) as on 28-Feb-2024.
SBI Magnum Comma Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.73%
2.73%
6 Month Returns
26.96%
26.96%
1 Year Returns
45.08%
45.08%
3 Years Returns
77.17%
21%
5 Years Returns
187.38%
23.51%
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2.01% as on January 2024
₹561 Cr as on January 2024
Reliance Industries Ltd(8.52%), NTPC Ltd(7.1%), Tata Steel Ltd(6.73%), Hindustan Copper Ltd(6.52%), Oil & Natural Gas Corp Ltd(6.3%) as on January 2024
Basic Materials(51.3%), Energy(21.18%), Utilities(7.19%) as on January 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
5.18
0.39
3.4
As on January 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
0.76
0.85
0.88
As on January 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
1.83
1.12
0.85
As on January 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
15.07
18.68
21.87
As on January 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 2.14 as on January 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%