SBI Magnum Income Fund Direct Growth

SBI Magnum Income Fund Direct Growth

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Debt
Direct
Medium To Long Duration
NAV: ₹ 68.05 as on 27-02-2024
Fund Performance
zero opening, trading, fund transfer fee
261 people have invested ₹ 16.4L in SBI Magnum Income Fund Direct Growth in the last three months

Mutual Fund Insights

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In the last 5 years, this fund has outperformed all funds in its category.
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In the last 1 year, Kotak Bond Direct Growth has given 9.45% return, outperforming this fund by 0.39%.
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Over the last 1 month, this fund has decreased expense ratio by 1.3% moving from 0.80 to 0.79.
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In the last 3 years, UTI Medium to Long Duration Fund Direct Plan Growth has given 10% return, outperforming this fund by 3.87% per annum.

About the SBI Magnum Income Fund Direct Growth

SBI Magnum Income Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Mohit Jain, Dinesh Ahuja. This fund is suitable to keep your money safe.

Key Parameters

  1. SBI Magnum Income Fund Direct Growth has ₹1731 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.

SBI Magnum Income Fund Direct Growth Overview

Expense ratio
Expense ratio
0.79%
Benchmark
Benchmark
CRISIL Composite Bond Fund TR INR
AUM
AUM
₹1731 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
150.68%

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

  • Debt & Cash 99.8%

Credit rating breakup

AAA
63.8%
AA
36.2%
Sector Allocation

Jan'24

Dec'23

Nov'23

Government
52.8%
Corporate
43.7%
Cash Equivalent
3.6%

Top Holdings of SBI Magnum Income Fund Direct Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings21
Holdings
Weight%
1M Change
7.18% Govt Stock 2037
7.18% Govt Stock 2037
38.92%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
6.98%
13.8%
Torrent Power Limited
Torrent Power Limited
4.38%
0%
Godrej Properties Limited
Godrej Properties Limited
4.33%
0%
Tata Housing Development Company Limited
Tata Housing Development Company Limited
3.75%
0%

SBI Magnum Income Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 1.7K Cr
₹ 1.7K Cr
₹ 1.7K Cr
  • AUM of the fund stands at 1.7K Cr as of Jan'24
  • AUM increased by 4.1 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

SBI Magnum Income Fund Direct Growth Fund Manager

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

SBI Magnum Income Fund Direct Growth Highlights

Risk meter
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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 5.76%
AUM size ₹1731 Cr

AUM size ₹1731 Cr

This fund has AUM of ₹1731 Cr which is more than its category average of ₹ 1003 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 ₹68.05 as on 27-Feb-2024.
Existing (Absolute + CAGR) as on 27-Feb-2024.
SBI Magnum Income Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.17%
1.17%
6 Month Returns
4.06%
4.06%
1 Year Returns
9.05%
9.05%
3 Years Returns
19.53%
6.13%
5 Years Returns
49.07%
8.31%
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 January 2024
₹1731 Cr as on January 2024
7.18% Govt Stock 2037(38.92%), 7.18% Govt Stock 2033(6.98%), Torrent Power Limited(4.38%), Godrej Properties Limited(4.33%), Tata Housing Development Company Limited(3.75%) as on January 2024
Government(52.22%), Corporate(44.99%), Cash Equivalent(2.8%) as on January 2024
Yield to Maturity is 8.02 as on January 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 5.1 as on January 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
63.82
AA
36.18
Mohit Jain, Dinesh Ahuja are the fund managers of SBI Magnum Income Fund Direct Growth
The Exit load of SBI Magnum Income Fund Direct Growth is 1%