SBI Magnum Income Fund Direct Bonus

SBI Magnum Income Fund Direct Bonus

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Debt
Direct
Medium To Long Duration
NAV: ₹ 42.05 as on 24-05-2024

About the Fund

SBI Magnum Income Fund Direct Bonus is a debt fund. This fund was started on 14 January, 2013. The fund is managed by Dinesh Ahuja, Mohit Jain. This fund is suitable to keep your money safe.

Key Parameters

  1. SBI Magnum Income Fund Direct Bonus has ₹1755 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.8.
Fund Performance

Overview

Expense ratio
Expense ratio
0.79%
Benchmark
Benchmark
CRISIL Composite Bond Fund TR INR
AUM
AUM
₹1755 Cr
Inception Date
Inception Date
14 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
150.68%

SBI Magnum Income Fund Direct Bonus Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
60.8%
AA
39.2%
Sector Allocation

Apr'24

Mar'24

Feb'24

Government
45.8%
Corporate
41.6%
Cash Equivalent
12.6%

Top Holdings of SBI Magnum Income Fund Direct Bonus as on (30-Apr-24)

  • Debt & Cash

Debt Holdings23
Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
16.62%
0%
7.23% Govt Stock 2039
7.23% Govt Stock 2039
8.63%
0%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
6.08%
-32.3%
7.25% Govt Stock 2063
7.25% Govt Stock 2063
5.75%
0%
7.18% Govt Stock 2037
7.18% Govt Stock 2037
5.72%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 1.7K Cr
₹ 1.7K Cr
₹ 1.7K Cr
  • AUM of the fund stands at 1.7K Cr as of Apr'24
  • AUM increased by 2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Dinesh Ahuja
Dinesh Ahuja
Fund Manager of SBI Magnum Income Fund Direct Bonus, since 31 January 2011
Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Income Fund Direct Bonus, since 30 November 2017

SBI Magnum Income Fund Direct Bonus Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.01% since inception which is more than its category average return of 5.73%
AUM size ₹1755 Cr

AUM size ₹1755 Cr

This fund has AUM of ₹1755 Cr which is more than its category average of ₹ 1011 Cr
Expense Ratio 0.79%

Expense Ratio 0.79%

This fund has an expense ratio of 0.79% which is less than its category average expense ratio of 1.18%

Frequently Asked Questions

The current NAV of SBI Magnum Income Fund Direct Bonus is ₹42.05 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
SBI Magnum Income Fund Direct Bonus
Absolute Returns
CAGR Returns
1 Month Returns
1.24%
1.24%
6 Month Returns
4.43%
4.43%
1 Year Returns
6.94%
6.94%
3 Years Returns
19.16%
6.02%
5 Years Returns
47.57%
8.09%
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 April 2024
₹1755 Cr as on April 2024
7.18% Govt Stock 2033(16.62%), 7.23% Govt Stock 2039(8.63%), 7.3% Govt Stock 2053(6.08%), 7.25% Govt Stock 2063(5.75%), 7.18% Govt Stock 2037(5.72%) as on April 2024
Government(54.71%), Corporate(41.43%), Cash Equivalent(3.86%) as on April 2024
Yield to Maturity is 8 as on April 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 4.8 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
60.82
AA
39.18
Dinesh Ahuja, Mohit Jain are the fund managers of SBI Magnum Income Fund Direct Bonus
The Exit load of SBI Magnum Income Fund Direct Bonus is 1%