SBI Magnum Gilt Fund Direct Growth

SBI Magnum Gilt Fund Direct Growth

Compare
Debt
Direct
Government Bond
NAV: ₹ 62.63 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
1052 people have invested ₹ 6.2Cr in SBI Magnum Gilt Fund Direct Growth in the last three months

Mutual Fund Insights

Insights icon
This fund with AUM at ₹7884.27Cr is among the largest funds in the government bond category.
Insights icon
Over the last 15 months, this fund has increased expense ratio by 2.2% moving from 0.45 to 0.46.
Insights icon
This fund has one of the lowest expense ratio in the category (government bond). Its expense ratio is 0.46% which is lower than the category average expense ratio of 0.77%.
Insights icon
In the last 5 years, this fund has outperformed all funds in its category.
Insights icon
In the last 1 year, ICICI Prudential Gilt Fund Direct Plan Growth has given 8.21% return, outperforming this fund by 0.53%.
Insights icon
In the last 3 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 6.4% return, outperforming this fund by 0.36% per annum.

About the SBI Magnum Gilt Fund Direct Growth

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.

Key Parameters

  1. SBI Magnum Gilt Fund Direct Growth has ₹7884 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.5.

SBI Magnum Gilt Fund Direct Growth Overview

Expense ratio
Expense ratio
0.46%
Benchmark
Benchmark
ICICI Securities Mibex TR INR
AUM
AUM
₹7884 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
1216.1%

SBI Magnum Gilt Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Feb'24

Jan'24

Dec'23

Government
99.1%
Cash Equivalent
0.9%

Top Holdings of SBI Magnum Gilt Fund Direct Growth as on (31-Mar-24)

  • Debt & Cash

Debt Holdings9
Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
50.05%
-1.1%
7.25% Govt Stock 2063
7.25% Govt Stock 2063
16.53%
288.1%
8.1% Govt Stock 2034
8.1% Govt Stock 2034
2.97%
0%
6.62% Govt Stock 2051
6.62% Govt Stock 2051
2.38%
0%
6.99% Govt Stock 2051
6.99% Govt Stock 2051
1.25%
0%

SBI Magnum Gilt Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Feb'24
Jan'24
Dec'23
AUM
₹ 8K Cr
₹ 7.8K Cr
₹ 7.8K Cr
  • AUM of the fund stands at 8K Cr as of Feb'24
  • AUM increased by 130.6 Cr between Feb'24 and Jan'24
Fund Portfolio Changes

SBI Magnum Gilt Fund Direct Growth Fund Manager

Dinesh Ahuja
Dinesh Ahuja
Fund Manager of SBI Magnum Gilt Fund Direct Growth, since 1 February 2011

SBI Magnum Gilt Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 9.24% since inception which is more than its category average return of 6.68%
AUM size ₹7884 Cr

AUM size ₹7884 Cr

This fund has AUM of ₹7884 Cr which is more than its category average of ₹ 1270 Cr
Expense Ratio 0.46%

Expense Ratio 0.46%

This fund has an expense ratio of 0.46% which is less than its category average expense ratio of 0.9%

Frequently Asked Questions

The current NAV of SBI Magnum Gilt Fund Direct Growth is ₹62.63 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
SBI Magnum Gilt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-0.47%
-0.47%
6 Month Returns
4.43%
4.43%
1 Year Returns
7.68%
7.68%
3 Years Returns
19.23%
6.04%
5 Years Returns
50.11%
8.46%
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.
0.46% as on March 2024
₹7884 Cr as on March 2024
7.18% Govt Stock 2033(50.05%), 7.25% Govt Stock 2063(16.53%), 8.1% Govt Stock 2034(2.97%), 6.62% Govt Stock 2051(2.38%), 6.99% Govt Stock 2051(1.25%) as on March 2024
Yield to Maturity is 7.26 as on March 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 8 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Dinesh Ahuja is the fund manager of SBI Magnum Gilt Fund Direct Growth
The Exit load of SBI Magnum Gilt Fund Direct Growth is 0%