SBI Magnum Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Dinesh Ahuja. This fund is suitable to keep your money safe.
SBI Magnum Gilt Fund Direct Growth has given a CAGR return of 9.33% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.54%, 6.94% and 7.33% respectively.
SBI Magnum Gilt Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.34% Govt Stock 2064, 7.3% Govt Stock 2053, 7.18% Govt Stock 2033, 7.25% Govt Stock 2063
As it is a government bond mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
To provide returns to the investors generated through investments in Government securities issued by the Central Government and/or State Government(s).
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Gilt Fund Direct Growth has no lock in period.
Expense ratio | 0.46% |
Benchmark | ICICI Securities Mibex TR INR |
AUM | ₹8825 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 1216.1% |
Risk | Low to Moderate Risk |
SBI Magnum Gilt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 5.26% | 5.26% |
1 Year Returns | 8.54% | 8.54% |
3 Years Returns | 22.3% | 6.94% |
5 Years Returns | 42.43% | 7.33% |
AAA | 100 |