SBI Magnum Low Duration Fund Direct Plan Growth

SBI Magnum Low Duration Fund Direct Plan Growth

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Debt
Direct
Low Duration
NAV: ₹ 3267.6 as on 20-02-2024
Fund Performance
zero opening, trading, fund transfer fee
115 people have invested ₹ 1.1Cr in SBI Magnum Low Duration Fund Direct Plan Growth in the last three months

Mutual Fund Insights

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In the last 3 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.23% return, outperforming this fund by 1.77% per annum.
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Over the last 3 months, this fund has experienced a 5.4% drop in AUM moving from 10.86K Cr to 10.27K Cr.
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Over the last 1 month, this fund has increased expense ratio by 10.3% moving from 0.39 to 0.43.
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In the last 1 year, ICICI Prudential Savings Fund Direct Plan Growth has given 7.86% return, outperforming this fund by 0.33%.
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In the last 5 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.89% return, outperforming this fund by 0.59% per annum.
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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 0.66%.

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

  1. SBI Magnum Low Duration Fund Direct Plan Growth has ₹10271 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

SBI Magnum Low Duration Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.43%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹10271 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
187.48%

SBI Magnum Low Duration Fund Direct Plan Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
83.2%
AA
16.8%
Sector Allocation

Jan'24

Dec'23

Nov'23

Corporate
53.8%
Government
29.1%
Cash Equivalent
17.1%

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

  • Debt & Cash

Debt Holdings82
Holdings
Weight%
1M Change
7.69% Govt Stock 2028
7.69% Govt Stock 2028
9.7%
0%
National Housing Bank
National Housing Bank
3.94%
0%
L&T Metro Rail (Hyderabad) Limited
L&T Metro Rail (Hyderabad) Limited
3.62%
50%
Larsen & Toubro Ltd.
Larsen & Toubro Ltd.
3.44%
0%
LIC Housing Finance Limited
LIC Housing Finance Limited
3.13%
0%

SBI Magnum Low Duration Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 10.3K Cr
₹ 10.2K Cr
₹ 10.4K Cr
  • AUM of the fund stands at 10.3K Cr as of Jan'24
  • AUM increased by 52.8 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

SBI Magnum Low Duration Fund Direct Plan Growth Fund Manager

Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Low Duration Fund Direct Plan Growth, since 31 May 2022
Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Magnum Low Duration Fund Direct Plan Growth, since 9 June 2008

SBI Magnum Low Duration Fund Direct Plan Growth Highlights

Risk meter
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Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.4% since inception which is more than its category average return of 4.97%
AUM size ₹10271 Cr

AUM size ₹10271 Cr

This fund has AUM of ₹10271 Cr which is more than its category average of ₹ 3633 Cr
Expense Ratio 0.43%

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 ₹3267.58 as on 20-Feb-2024.
Existing (Absolute + CAGR) as on 20-Feb-2024.
SBI Magnum Low Duration Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.61%
0.61%
6 Month Returns
3.61%
3.61%
1 Year Returns
7.53%
7.53%
3 Years Returns
17.31%
5.47%
5 Years Returns
35.76%
6.3%
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 January 2024
₹10271 Cr as on January 2024
7.69% Govt Stock 2028(9.7%), National Housing Bank(3.94%), L&T Metro Rail (Hyderabad) Limited(3.62%), Larsen & Toubro Ltd.(3.44%), LIC Housing Finance Limited(3.13%) as on January 2024
Corporate(53.77%), Government(29.11%), Cash Equivalent(17.11%) as on January 2024
Yield to Maturity is 7.99 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 0.79 as on January 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
83.25
AA
16.75
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%