SBI Magnum Global Fund Direct Growth

Equity
Direct
Equity - Other
SBI Magnum Global Fund Direct Growth

About the Fund

SBI Magnum Global Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by R. Srinivasan, Mohit Jain. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. SBI Magnum Global Fund Direct Growth has ₹6686 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 1.2.

Returns

SBI Magnum Global Fund Direct Growth has given a CAGR return of 16.64% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 16.81%, 12.68% and 19.23% respectively.

Holdings

SBI Magnum Global Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Consumer Defensive, Consumer Cyclical, Industrial, Communication, Tech, Financial Services, Basic Materials. Its top holdings are Alphabet Inc Class A, Divi's Laboratories Ltd, Abbott India Ltd, Procter & Gamble Hygiene and Health Care Ltd, United Breweries 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 Global Fund Direct Growth

To provide the investor with the opportunity of long-term capital appreciation by investing in diversified portfolio comprising primarily of MNC companies.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Global Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
1360 people have invested ₹ 75.2L in SBI Magnum Global 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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Larger AUM within category
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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 ratio1.18%
Benchmark
IISL Nifty MNC TR INR
AUM₹6686 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
53%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 95.1%

  • Debt & Cash 5%

Mid cap
39.5%

Large cap
32.4%

Small cap
23.1%

Sector Allocation

Jun'24

May'24

Apr'24

Health
20.3%
Consumer Defensive
19.6%
Consumer Cyclical
17.7%
Industrial
12.9%
Communication
12.1%
Tech
7.7%
Financial Services
5.2%
Basic Materials
4.5%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

R. Srinivasan
R. Srinivasan
Fund Manager of SBI Magnum Global Fund Direct Growth, since 31 January 2022
Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Global Fund Direct Growth, since 1 January 2022

Mutual Fund Insights

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In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 33.47% return, outperforming this fund by 14.5% per annum.
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Over the last 15 months, this fund has decreased expense ratio by 5.6% moving from 1.25 to 1.18.
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In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 43.13% return, outperforming this fund by 30.43% per annum.
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Over the last 6 months, this fund has experienced a 2.6% growth in AUM moving from 6.51K Cr to 6.68K Cr.
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In the last 1 year, HDFC Defence Fund Direct Growth has given 119.88% return, outperforming this fund by 104.3%.

SBI Magnum Global 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 16.64% since inception which is less than its category average return of 24.74%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.05% in Equity, 0% in Debt and 4.95% in Cash related instruments
AUM size ₹6686 Cr

AUM size ₹6686 Cr

This fund has AUM of ₹6686 Cr which is more than its category average of ₹ 2226 Cr
Expense Ratio 1.18%

Expense Ratio 1.18%

This fund has an expense ratio of 1.18% which is less than its category average expense ratio of 1.24%

Frequently Asked Questions

The current NAV of SBI Magnum Global Fund Direct Growth is ₹405.65 as on 22-Jul-2024.
Existing (Absolute + CAGR) as on 22-Jul-2024.
SBI Magnum Global Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.48%
1.48%
6 Month Returns
6.8%
6.8%
1 Year Returns
16.81%
16.81%
3 Years Returns
43.07%
12.68%
5 Years Returns
140.91%
19.23%
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  • Select your bank account and proceed with Payment.
1.18% as on June 2024
₹6686 Cr as on June 2024
Alphabet Inc Class A(9.32%), Divi's Laboratories Ltd(6.19%), Abbott India Ltd(5.37%), Procter & Gamble Hygiene and Health Care Ltd(5.22%), United Breweries Ltd(5.05%) as on June 2024
Health(19.32%), Consumer Defensive(18.59%), Consumer Cyclical(16.81%) as on June 2024
The alpha ratio for the SBI Magnum Global Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
SBI Magnum Global Fund Direct Growth
-4.04
-2.3
1.08
As on June 2024
The alpha for SBI Magnum Global Fund Direct Growth is calculated against IISL Nifty MNC 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 Global Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
SBI Magnum Global Fund Direct Growth
0.48
0.67
0.8
As on June 2024
The Beta for SBI Magnum Global Fund Direct Growth is calculated with IISL Nifty MNC 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 Global 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 Global Fund Direct Growth
1.04
0.69
0.89
As on June 2024
The sharpe ratio for SBI Magnum Global Fund Direct Growth is calculated with IISL Nifty MNC 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 Global 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 Global Fund Direct Growth
8.9
11
14.15
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 1.15 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
R. Srinivasan, Mohit Jain are the fund managers of SBI Magnum Global Fund Direct Growth
The Exit load of SBI Magnum Global Fund Direct Growth is 1%