SBI Magnum Comma Fund Direct Growth

Equity
Direct
Equity - Other
SBI Magnum Comma Fund Direct Growth

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

  1. 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.
  2. The fund has an expense ratio 1.9.

Returns

SBI Magnum Comma Fund Direct Growth has given a CAGR return of 15.01% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 44.19%, 15.02% and 23.68% 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 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.

Fund Performance
zero opening, trading, fund transfer fee
1093 people have invested ₹ 28.7L 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.
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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

Fund Overview

Expense ratio1.93%
Benchmark
IISL Nifty Commodities TR INR
AUM₹620 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
65%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 93.6%

  • Debt & Cash 6.4%

Large cap
55.6%

Small cap
23.5%

Mid cap
14.6%

Sector Allocation

Jun'24

May'24

Apr'24

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

Returns for the month of Jun

  • Gainers

  • Losers

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
41.8%
--
SBI Magnum Comma Fund Direct Growth
15.02%
--
Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Comma Fund Direct Growth, since 30 November 2017

Mutual Fund Insights

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Over the last 3 months, this fund has decreased expense ratio by 3.5% moving from 2.00 to 1.93.
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In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 33.09% return, outperforming this fund by 9.41% per annum.
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In the last 1 year, HDFC Defence Fund Direct Growth has given 117.57% return, outperforming this fund by 73.37%.
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Over the last 1 month, this fund has experienced a 4.1% growth in AUM moving from 595.31 Cr to 619.97 Cr.
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In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 42.48% return, outperforming this fund by 27.45% per annum.
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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

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 15.01% since inception which is less than its category average return of 24.42%
Fund Allocations

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

AUM size ₹620 Cr

This fund has AUM of ₹620 Cr which is less than its category average of ₹ 2226 Cr
Expense Ratio 1.93%

Expense Ratio 1.93%

This fund has an expense ratio of 1.93% which is more than its category average expense ratio of 1.24%

Frequently Asked Questions

The current NAV of SBI Magnum Comma Fund Direct Growth is ₹108.06 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
SBI Magnum Comma Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.35%
1.35%
6 Month Returns
13.17%
13.17%
1 Year Returns
44.19%
44.19%
3 Years Returns
52.18%
15.02%
5 Years Returns
189.37%
23.68%
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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%