SBI Magnum Income Fund Direct Growth

Debt
Direct
Medium To Long Duration
SBI Magnum Income Fund Direct Growth

About the Fund

SBI Magnum Income Fund Direct Growth is a debt fund. This fund was started on 1 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 Growth has ₹1769 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.

Returns

SBI Magnum Income Fund Direct Growth has given a CAGR return of 8.16% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.78%, 6.22% and 7.58% respectively.

Holdings

SBI Magnum Income Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Corporate, Industrial, Utilities, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.3% Govt Stock 2053, 7.23% Govt Stock 2039, 7.25% Govt Stock 2063, 7.18% Govt Stock 2033

Taxation

As it is a medium to long duration 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.

Investment objective of SBI Magnum Income Fund Direct Growth

To provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.

Minimum Investment and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
209 people have invested ₹ 22.8L in SBI Magnum Income Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.79%
Benchmark
CRISIL Composite Bond Fund TR INR
AUM₹1769 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
150.68%
Risk
Risk meter
pointer
Moderately High risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
64.8%

AA
35.2%

Sector Allocation

May'24

Apr'24

Mar'24

Government
57.7%
Corporate
38.1%
Cash Equivalent
4.1%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
16.5%
250%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
15.72%
0%
7.23% Govt Stock 2039
7.23% Govt Stock 2039
8.63%
0%
7.25% Govt Stock 2063
7.25% Govt Stock 2063
5.76%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
5.7%
-65.5%

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

Mutual Fund Insights

Insights icon
In the last 3 years, UTI Medium to Long Duration Fund Direct Plan Growth has given 10.33% return, outperforming this fund by 4.11% per annum.
Insights icon
Over the last 3 months, this fund has decreased expense ratio by 2.5% moving from 0.81 to 0.79.
Insights icon
In the last 1 year, Kotak Bond Direct Growth has given 8.59% return, outperforming this fund by 0.8%.
Insights icon
In the last 5 years, this fund has outperformed all funds in its category.

SBI Magnum Income Fund Direct Growth 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 8.16% since inception which is more than its category average return of 5.77%
AUM size ₹1769 Cr

AUM size ₹1769 Cr

This fund has AUM of ₹1769 Cr which is more than its category average of ₹ 1019 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 1.16%

Frequently Asked Questions

The current NAV of SBI Magnum Income Fund Direct Growth is ₹70.09 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
SBI Magnum Income Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.86%
0.86%
6 Month Returns
4.47%
4.47%
1 Year Returns
7.78%
7.78%
3 Years Returns
19.85%
6.22%
5 Years Returns
44.09%
7.58%
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 June 2024
₹1769 Cr as on June 2024
7.1% Govt Stock 2034(16.5%), 7.3% Govt Stock 2053(15.72%), 7.23% Govt Stock 2039(8.63%), 7.25% Govt Stock 2063(5.76%), 7.18% Govt Stock 2033(5.7%) as on June 2024
Government(60.81%), Corporate(36.57%), Cash Equivalent(2.62%) as on June 2024
Yield to Maturity is 7.98 as on June 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 6.15 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
64.8
AA
35.2
Dinesh Ahuja, Mohit Jain are the fund managers of SBI Magnum Income Fund Direct Growth
The Exit load of SBI Magnum Income Fund Direct Growth is 1%