SBI Magnum Low Duration Fund Direct Growth

SBI Magnum Low Duration Fund Direct Growth

Debt

Direct

Low Duration

NAV as on 05-11-2024

₹ 3452.33

0.1%

1D

Inception Returns

7.4%

/yr

About SBI Magnum Low Duration Fund Direct Growth

SBI Magnum Low Duration Fund Direct 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 Growth has ₹12142 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.

Returns

SBI Magnum Low Duration Fund Direct Growth has given a CAGR return of 7.44% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.95%, 6.44% and 6.15% respectively.

Holdings

SBI Magnum Low Duration Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent, Securitize. Its top holdings are Govt Stock 04102028, TRent Limited, Larsen & Toubro Ltd., L&T Metro Rail (Hyderabad) Limited, Power Finance Corporation Ltd.

Taxation

As it is a low duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of SBI Magnum Low Duration Fund Direct Growth

To provide investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Low Duration Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
145 people have invested ₹ 2.6Cr in SBI Magnum Low Duration Fund Direct Growth in the last three months

SBI Magnum Low Duration Fund Direct Growth Overview

Expense ratio0.43%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹12142 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
164.23%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (05-Nov-24)

Period
SBI Magnum Low Duration Fund Direct Growth
Low Duration Index
1M
0.7%
0.5%
3M
2%
1.5%
6M
4%
3.2%
1Y
8%
6.9%
3Y
6.4%
5.8%
5Y
6.2%
5.8%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
93.3%

AA
6.7%

Sector Allocation

Sep'24

Aug'24

Jul'24

Corporate
65.3%
Government
24%
Cash Equivalent
10.2%
Securitize
0.4%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 12K Cr
₹ 11.8K Cr
₹ 11.2K Cr
  • AUM of the fund stands at 12K Cr as of Sep'24
  • AUM increased by 168.5 Cr between Sep'24 and Aug'24
Cash allocation has gone up from 15.6% to 18.5%
Cash allocation has gone up from 15.6% to 18.5%
Debt allocation has gone down from 84.2% to 81.3%
Debt allocation has gone down from 84.2% to 81.3%

Top 2 Sectors in September were Corporate, Government

Sep'24
Corporate
65%
Government
24%
Aug'24
Corporate
67%
Government
24%
  • Debt & Cash

Holdings
Weight%
1M Change
Govt Stock 04102028
Govt Stock 04102028
12.44%
0%
TRent Limited
TRent Limited
3.99%
0%
Larsen & Toubro Ltd.
Larsen & Toubro Ltd.
2.88%
0%
L&T Metro Rail (Hyderabad) Limited
L&T Metro Rail (Hyderabad) Limited
2.66%
0%
Power Finance Corporation Ltd.
Power Finance Corporation Ltd.
2.65%
0%
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Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Low Duration Fund Direct Growth, since 31 May 2022
Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Magnum Low Duration Fund Direct Growth, since 9 June 2008
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.59L Cr
as on 30-Sep-2024
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com

Mutual Fund Insights

Insights icon
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%.
Insights icon
In the last 5 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.17% return, outperforming this fund by 1.02% per annum.
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In the last 1 year, Kotak Low Duration Fund- Direct Plan- Growth Option has given 8.17% return, outperforming this fund by 0.22%.
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Over the last 1 year, this fund has increased expense ratio by 13.2% moving from 0.38 to 0.43.
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In the last 3 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.73% return, outperforming this fund by 0.28% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 17.0% growth in AUM moving from 10.37K Cr to 12.14K Cr.

SBI Magnum Low Duration Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.44% since inception which is more than its category average return of 4.97%
AUM size ₹12142 Cr

AUM size ₹12142 Cr

This fund has AUM of ₹12142 Cr which is more than its category average of ₹ 4167 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 for SBI Magnum Low Duration Fund Direct Growth

The current NAV of SBI Magnum Low Duration Fund Direct Growth is ₹3452.33 as on 05-Nov-2024.
Existing (Absolute + CAGR) as on 05-Nov-2024.
SBI Magnum Low Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.66%
0.66%
6 Month Returns
4.01%
4.01%
1 Year Returns
7.95%
7.95%
3 Years Returns
20.59%
6.44%
5 Years Returns
34.77%
6.15%
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 October 2024
₹12142 Cr as on October 2024
Govt Stock 04102028(12.44%), TRent Limited(3.99%), Larsen & Toubro Ltd.(2.88%), L&T Metro Rail (Hyderabad) Limited(2.66%), Power Finance Corporation Ltd.(2.65%) as on October 2024
Corporate(71.61%), Government(20.42%), Cash Equivalent(7.55%) as on October 2024
Yield to Maturity is 7.65 as on October 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 0.88 as on October 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
93.3
AA
6.7
Mohit Jain, Rajeev Radhakrishnan are the fund managers of SBI Magnum Low Duration Fund Direct Growth
The Exit load of SBI Magnum Low Duration Fund Direct Growth is 0%