SBI Magnum Income Fund Direct Bonus
Debt
Direct
Medium To Long Duration
NAV: ₹ 41.47 as on 16-04-2024
Fund Performance
About the SBI Magnum Income Fund Direct Bonus
SBI Magnum Income Fund Direct Bonus is a debt fund. This fund was started on 14 January, 2013. The fund is managed by Mohit Jain, Dinesh Ahuja. This fund is suitable to keep your money safe.
Key Parameters
- SBI Magnum Income Fund Direct Bonus has ₹1746 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.8.
SBI Magnum Income Fund Direct Bonus Overview
 | 0.79% |
 Benchmark | CRISIL Composite Bond Fund TR INR |
 | ₹1746 Cr |
 | 14 January, 2013 |
 | --/-- |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 150.68% |
SBI Magnum Income Fund Direct Bonus Distribution as on (31-Dec-69)
Credit rating breakup
AAA
62.7%
AA
37.3%
Sector Allocation
Government
54.1%
Corporate
41.7%
Cash Equivalent
4.2%
Top Holdings of SBI Magnum Income Fund Direct Bonus as on (31-Mar-24)
Debt Holdings22
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.18% Govt Stock 2033 | 16.75% | -29.3% | |
7.3% Govt Stock 2053 | 14.92% | 0% | |
7.25% Govt Stock 2063 | 5.81% | 0% | |
7.18% Govt Stock 2037 | 5.77% | 66.7% | |
Pipeline Infrastructure Ltd. | 4.42% | 0% |
See all
SBI Magnum Income Fund Direct Bonus: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 1.7K Cr as of Mar'24
- AUM increased by 17.3 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
SBI Magnum Income Fund Direct Bonus Fund Manager
Mohit Jain
Fund Manager of SBI Magnum Income Fund Direct Bonus, since 30 November 2017
Top funds managed
Dinesh Ahuja
Fund Manager of SBI Magnum Income Fund Direct Bonus, since 31 January 2011
Top funds managed
SBI Magnum Income Fund Direct Bonus Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
About the fund
This fund has delivered an average annual returns of 7.95% since inception which is more than its category average return of 5.67%
AUM size ₹1746 Cr
This fund has AUM of ₹1746 Cr which is more than its category average of ₹ 1004 Cr
Expense Ratio 0.79%
This fund has an expense ratio of 0.79% which is less than its category average expense ratio of 1.16%
Frequently Asked Questions
The current NAV of SBI Magnum Income Fund Direct Bonus is ₹41.47 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
SBI Magnum Income Fund Direct Bonus | Absolute Returns | CAGR Returns |
1 Month Returns | 0.01% | 0.01% |
6 Month Returns | 3.94% | 3.94% |
1 Year Returns | 7.53% | 7.53% |
3 Years Returns | 18.53% | 5.83% |
5 Years Returns | 47.27% | 8.05% |
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.
0.79% as on March 2024
₹1746 Cr as on March 2024
7.18% Govt Stock 2033(16.75%), 7.3% Govt Stock 2053(14.92%), 7.25% Govt Stock 2063(5.81%), 7.18% Govt Stock 2037(5.77%), Pipeline Infrastructure Ltd.(4.42%) as on March 2024
Government(54.12%), Corporate(41.66%), Cash Equivalent(4.22%) as on March 2024
Yield to Maturity is 8.04 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 5.71 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 62.68 |
AA | 37.32 |
Mohit Jain, Dinesh Ahuja are the fund managers of SBI Magnum Income Fund Direct Bonus
The Exit load of SBI Magnum Income Fund Direct Bonus is 1%