SBI Magnum Low Duration Fund Direct Plan Growth
Debt
Direct
Low Duration
NAV: ₹ 3312.29 as on 22-04-2024
Fund Performance
106 people have invested ₹ 48.1L in SBI Magnum Low Duration Fund Direct Plan Growth in the last three months
Mutual Fund Insights
Over the last 6 months, this fund has increased expense ratio by 13.2% moving from 0.38 to 0.43.
This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.43% which is lower than the category average expense ratio of 0.67%.
In the last 3 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.42% return, outperforming this fund by 1.7% per annum.
Over the last 6 months, this fund has experienced a 2.9% drop in AUM moving from 10.68K Cr to 10.37K Cr.
In the last 5 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.88% return, outperforming this fund by 0.57% per annum.
In the last 1 year, ICICI Prudential Savings Fund Direct Plan Growth has given 8% return, outperforming this fund by 0.54%.
About the SBI Magnum Low Duration Fund Direct Plan Growth
SBI Magnum Low Duration Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Mohit Jain, Rajeev Radhakrishnan. This fund is suitable to keep your money safe.
Key Parameters
- SBI Magnum Low Duration Fund Direct Plan Growth has ₹10378 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
SBI Magnum Low Duration Fund Direct Plan Growth Overview
 | 0.43% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹10378 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 187.48% |
SBI Magnum Low Duration Fund Direct Plan Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
83.8%
AA
16.2%
Sector Allocation
Corporate
54.1%
Government
25.3%
Cash Equivalent
20.6%
Top Holdings of SBI Magnum Low Duration Fund Direct Plan Growth as on (31-Mar-24)
Debt Holdings70
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.69% Govt Stock 2028 | 10.12% | 0% | |
National Housing Bank | 3.87% | 0% | |
L&T Metro Rail (Hyderabad) Limited | 3.56% | 0% | |
Larsen & Toubro Ltd. | 3.37% | 0% | |
LIC Housing Finance Ltd | 3.08% | 0% |
See all
SBI Magnum Low Duration Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 9.8K Cr as of Mar'24
- AUM decreased by 304.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
SBI Magnum Low Duration Fund Direct Plan Growth Fund Manager
Mohit Jain
Fund Manager of SBI Magnum Low Duration Fund Direct Plan Growth, since 31 May 2022
Top funds managed
Rajeev Radhakrishnan
Fund Manager of SBI Magnum Low Duration Fund Direct Plan Growth, since 9 June 2008
Top funds managed
SBI Magnum Low Duration Fund Direct Plan Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.42% since inception which is more than its category average return of 4.98%
AUM size ₹10378 Cr
This fund has AUM of ₹10378 Cr which is more than its category average of ₹ 3600 Cr
Expense Ratio 0.43%
This fund has an expense ratio of 0.43% which is less than its category average expense ratio of 0.65%
Frequently Asked Questions
The current NAV of SBI Magnum Low Duration Fund Direct Plan Growth is ₹3312.29 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
SBI Magnum Low Duration Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.69% | 0.69% |
6 Month Returns | 3.86% | 3.86% |
1 Year Returns | 7.47% | 7.47% |
3 Years Returns | 18.16% | 5.72% |
5 Years Returns | 35.76% | 6.31% |
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.
0.43% as on March 2024
₹10378 Cr as on March 2024
7.69% Govt Stock 2028(10.12%), National Housing Bank(3.87%), L&T Metro Rail (Hyderabad) Limited(3.56%), Larsen & Toubro Ltd.(3.37%), LIC Housing Finance Ltd(3.08%) as on March 2024
Corporate(54.1%), Government(25.29%), Cash Equivalent(20.61%) as on March 2024
Yield to Maturity is 7.87 as on March 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 0.95 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 83.84 |
AA | 16.16 |
Mohit Jain, Rajeev Radhakrishnan are the fund managers of SBI Magnum Low Duration Fund Direct Plan Growth
The Exit load of SBI Magnum Low Duration Fund Direct Plan Growth is 0%