SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal
Debt
Direct
Medium To Long Duration
NAV: ₹ 19.9 as on 30-04-2024
Fund Performance
1 people have invested ₹ 500 in SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal in the last three months
About the SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal
SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal is a debt fund. This fund was started on 19 March, 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 Quarterly Reinvestment of Income Distribution cum capital withdrawal 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.
Overview
 | 0.79% |
 Benchmark | CRISIL Composite Bond Fund TR INR |
 | ₹1746 Cr |
 | 19 March, 2013 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 150.68% |
SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal Distribution as on (31-Dec-69)
Credit rating breakup
AAA
64.2%
AA
35.8%
Sector Allocation
Government
54.1%
Corporate
41.7%
Cash Equivalent
4.2%
Top Holdings of SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal as on (30-Apr-24)
Debt Holdings22
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.18% Govt Stock 2033 | 16.61% | -29.3% | |
7.3% Govt Stock 2053 | 8.91% | 0% | |
7.18% Govt Stock 2037 | 5.72% | 66.7% | |
7.25% Govt Stock 2063 | 5.7% | 0% | |
Pipeline Infrastructure Ltd. | 4.42% | 0% |
See all
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
Fund Manager
Mohit Jain
Fund Manager of SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal, since 30 November 2017
Top funds managed
Dinesh Ahuja
Fund Manager of SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal, since 31 January 2011
Top funds managed
SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal 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 6.7% 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 ₹ 1008 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 Quarterly Reinvestment of Income Distribution cum capital withdrawal is ₹19.9 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | -0.12% | -0.12% |
6 Month Returns | 3.96% | 3.96% |
1 Year Returns | 6.95% | 6.95% |
3 Years Returns | 18.35% | 5.78% |
5 Years Returns | 47.3% | 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 April 2024
₹1746 Cr as on April 2024
7.18% Govt Stock 2033(16.61%), 7.3% Govt Stock 2053(8.91%), 7.18% Govt Stock 2037(5.72%), 7.25% Govt Stock 2063(5.7%), Pipeline Infrastructure Ltd.(4.42%) as on April 2024
Government(48.88%), Corporate(41.64%), Cash Equivalent(9.48%) as on April 2024
Yield to Maturity is 8.02 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 5.81 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 64.17 |
AA | 35.83 |
Mohit Jain, Dinesh Ahuja are the fund managers of SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal
The Exit load of SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal is 1%