SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal
Debt
Direct
Medium To Long Duration
NAV: ₹ 18.7 as on 27-09-2023
Fund Performance
About the Fund
SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal 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
- SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal has ₹1676 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 Payout of Income Distribution cum capital withdrawal Overview
 | 0.8% |
 Benchmark | CRISIL Composite Bond Fund TR INR |
 | ₹1676 Cr |
 | 1 January, 2013 |
 | ₹5000/₹0 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 150.68% |
Fund Distribution as on (31-Dec-69)
Credit rating breakup
AAA
61.2%
AA
38.8%
Sector Allocation
Corporate
45.4%
Government
44.8%
Cash Equivalent
9.8%
Top Holdings of SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal as on (31-Aug-23)
Debt Holdings28
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.1% Govt Stock 2029 | 14.26% | 0% | |
7.41% Govt Stock 2036 | 9.05% | 0% | |
7.26% Govt Stock 2033 | 5.99% | 0% | |
7.06% Govt Stock 2028 | 4.46% | 0% | |
Larsen And Toubro Limited | 4.46% | 0% |
See all
SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal: 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 Aug'23
- AUM increased by 57.6 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal Fund Manager
Mohit Jain
Fund Manager of SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal, since 30 November 2017
Top funds managed
Dinesh Ahuja
Fund Manager of SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal, since 31 January 2011
Top funds managed
Fund 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 6.62% since inception which is more than its category average return of 5.73%
AUM size ₹1676 Cr
This fund has AUM of ₹1676 Cr which is more than its category average of ₹ 950 Cr
Expense Ratio 0.8%
This fund has an expense ratio of 0.8% which is less than its category average expense ratio of 1.16%
Frequently Asked Questions
The current NAV of SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal is ₹18.68 as on 27-Sep-2023.
Existing (Absolute + CAGR) as on 27-Sep-2023.
SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | 0.64% | 0.64% |
6 Month Returns | 4.3% | 4.3% |
1 Year Returns | 8.22% | 8.22% |
3 Years Returns | 18.36% | 5.78% |
5 Years Returns | 42.69% | 7.37% |
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.
0.8% as on August 2023
₹1676 Cr as on August 2023
7.1% Govt Stock 2029(14.26%), 7.41% Govt Stock 2036(9.05%), 7.26% Govt Stock 2033(5.99%), Larsen And Toubro Limited(4.46%), 7.06% Govt Stock 2028(4.46%) as on August 2023
Government(49.42%), Corporate(45.55%), Cash Equivalent(5.03%) as on August 2023
Yield to Maturity is 7.78 as on August 2023. 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 4.08 as on August 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 61.2 |
AA | 38.8 |
Mohit Jain, Dinesh Ahuja are the fund managers of SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal
The Exit load of SBI Magnum Income Fund Direct Payout of Income Distribution cum capital withdrawal is 1%