SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl

Debt
Direct
Low Duration
SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl

About the Fund

SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl 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 Weekly Reinvestment of Income Dist cum capl wdrl has ₹9770 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 Plan Weekly Reinvestment of Income Dist cum capl wdrl has given a CAGR return of 6.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.48%, 5.91% and 5.92% respectively.

Holdings

SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.72% Govt Stock 2028, National Housing Bank, L&T Metro Rail (Hyderabad) Limited, Larsen & Toubro Ltd., LIC Housing Finance 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 Plan Weekly Reinvestment of Income Dist cum capl wdrl

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 0.00. SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.43%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹9770 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/--
Exit Load0%
Lock InNo Lock-in
TurnOver
187.48%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
86.3%

AA
13.7%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
65.5%
Government
21.1%
Cash Equivalent
13.4%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.72% Govt Stock 2028
7.72% Govt Stock 2028
10.85%
0%
National Housing Bank
National Housing Bank
4.14%
0%
L&T Metro Rail (Hyderabad) Limited
L&T Metro Rail (Hyderabad) Limited
3.82%
0%
Larsen & Toubro Ltd.
Larsen & Toubro Ltd.
3.61%
0%
LIC Housing Finance Ltd
LIC Housing Finance Ltd
3.32%
0%

Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl, since 31 May 2022
Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl, since 9 June 2008

SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl 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 6.04% since inception which is more than its category average return of 4.96%
AUM size ₹9770 Cr

AUM size ₹9770 Cr

This fund has AUM of ₹9770 Cr which is more than its category average of ₹ 3728 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 Weekly Reinvestment of Income Dist cum capl wdrl is ₹1294.45 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.63%
0.63%
6 Month Returns
3.92%
3.92%
1 Year Returns
7.48%
7.48%
3 Years Returns
18.81%
5.91%
5 Years Returns
33.3%
5.92%
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 May 2024
₹9770 Cr as on May 2024
7.72% Govt Stock 2028(10.85%), National Housing Bank(4.14%), L&T Metro Rail (Hyderabad) Limited(3.82%), Larsen & Toubro Ltd.(3.61%), LIC Housing Finance Ltd(3.32%) as on May 2024
Corporate(65.5%), Government(21.09%), Cash Equivalent(13.42%) as on May 2024
Yield to Maturity is 7.81 as on May 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 May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
86.34
AA
13.66
Mohit Jain, Rajeev Radhakrishnan are the fund managers of SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl
The Exit load of SBI Magnum Low Duration Fund Direct Plan Weekly Reinvestment of Income Dist cum capl wdrl is 0%