Debt
Direct
Low Duration
NAV as on 05-11-2024
₹ 3452.33
▲0.1%
1D
Inception Returns
7.4%
/yr
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.
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.
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.
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.
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 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.
Expense ratio | 0.43% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹12142 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 164.23% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low to Moderate Risk |
as on (05-Nov-24)
as on (31-Dec-69)
Top 2 Sectors in September were Corporate, Government
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% |
AAA | 93.3 |
AA | 6.7 |