SBI Magnum Comma Fund Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 103.54 as on 24-04-2024
Fund Performance
1153 people have invested ₹ 36.8L in SBI Magnum Comma Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 47.24% return, outperforming this fund by 27.34% per annum.
In the last 1 year, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 97.39% return, outperforming this fund by 48.92%.
In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 29% return, outperforming this fund by 6.36% per annum.
Over the last 3 months, this fund has decreased expense ratio by 1.5% moving from 2.03 to 2.00.
This fund expense ratio is slightly on the higher side within the category (equity - other). Its expense ratio is 2% which is higher than the category average expense ratio of 1.13%.
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
- SBI Magnum Comma Fund Direct Growth has ₹551 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 2.
SBI Magnum Comma Fund Direct Growth Overview
 | 2% |
 Benchmark | IISL Nifty Commodities TR INR |
 | ₹551 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 0.5% |
 | No Lock-in |
 TurnOver | 65% |
SBI Magnum Comma Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
52.7%
Small cap
24.1%
Mid cap
20%
Sector Allocation
Basic Materials
41.4%
Energy
33.9%
Utilities
11.6%
Industrial
5.1%
Consumer Defensive
4.7%
Consumer Cyclical
3.3%
Top Holdings of SBI Magnum Comma Fund Direct Growth as on (31-Mar-24)
Equity Holdings21
SBI Magnum Comma Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.18% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 0.64% in Mar'24
AUM Change
- AUM of the fund stands at 551 Cr as of Mar'24
- AUM decreased by 2.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in SBI Magnum Comma Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Tata Steel Ltd | 13.8% |
Jindal Stainless Ltd | 10.4% |
 K P R Mill Ltd | 8.6% |
Peer Analysis
SBI Magnum Comma Fund Direct Growth Fund Manager
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
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 14.79% since inception which is less than its category average return of 22.61%
Fund Allocations
This fund has an allocation of 96.78% in Equity, 0% in Debt and 3.22% in Cash related instruments
AUM size ₹551 Cr
This fund has AUM of ₹551 Cr which is less than its category average of ₹ 1778 Cr
Expense Ratio 2%
This fund has an expense ratio of 2% 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 ₹103.54 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
SBI Magnum Comma Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.44% | 6.44% |
6 Month Returns | 28.9% | 28.9% |
1 Year Returns | 48.47% | 48.47% |
3 Years Returns | 72.37% | 19.9% |
5 Years Returns | 177.51% | 22.65% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
2% as on March 2024
₹551 Cr as on March 2024
Reliance Industries Ltd(9.03%), Tata Steel Ltd(7.85%), NTPC Ltd(7.64%), Oil & Natural Gas Corp Ltd(6.81%), Hindustan Copper Ltd(6.38%) as on March 2024
Basic Materials(40.1%), Energy(32.79%), Utilities(11.26%) as on March 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 | 4.25 | -1.51 | 2.59 |
As on March 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 | 0.75 | 0.82 | 0.88 |
As on March 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 | 2.36 | 0.81 | 0.76 |
As on March 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 | 13.33 | 16.85 | 21.71 |
As on March 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 1.4 as on March 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%