SBI Magnum Medium Duration Fund Direct Growth

SBI Magnum Medium Duration Fund Direct Growth

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Debt
Direct
Medium Duration
NAV: ₹ 49.2 as on 16-02-2024
Fund Performance
zero opening, trading, fund transfer fee
600 people have invested ₹ 36.1L in SBI Magnum Medium Duration Fund Direct Growth in the last three months

Mutual Fund Insights

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Over the last 6 months, this fund has experienced a 6.0% drop in AUM moving from 7.10K Cr to 6.68K Cr.
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In the last 5 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 9.38% return, outperforming this fund by 1.3% per annum.
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In the last 3 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 13.51% return, outperforming this fund by 7.55% per annum.
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This fund has one of the lowest expense ratio in the category (medium duration). Its expense ratio is 0.69% which is lower than the category average expense ratio of 0.86%.
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Over the last 6 months, this fund has increased expense ratio by 1.5% moving from 0.68 to 0.69.
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In the last 1 year, Kotak Medium Term Direct Growth has given 8.87% return, outperforming this fund by 0.7%.

About the SBI Magnum Medium Duration Fund Direct Growth

SBI Magnum Medium Duration Fund Direct Growth is a debt fund. This fund was started on 29 January, 2013. The fund is managed by Dinesh Ahuja, Mohit Jain. This fund is suitable to keep your money safe.

Key Parameters

  1. SBI Magnum Medium Duration Fund Direct Growth has ₹6680 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.7.

SBI Magnum Medium Duration Fund Direct Growth Overview

Expense ratio
Expense ratio
0.69%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹6680 Cr
Inception Date
Inception Date
29 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
128.75%

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

  • Debt & Cash 99.7%

Credit rating breakup

AAA
53.5%
AA
43%
A
3.5%
Sector Allocation

Jan'24

Dec'23

Nov'23

Corporate
54.1%
Government
39.7%
Cash Equivalent
6.2%

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

  • Debt & Cash

Debt Holdings45
Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
14.63%
30%
7.18% Govt Stock 2037
7.18% Govt Stock 2037
5.37%
0%
Godrej Properties Limited
Godrej Properties Limited
4.86%
0%
Tata Housing Development Company Limited
Tata Housing Development Company Limited
4.49%
0%
Avanse Financial Services Limited
Avanse Financial Services Limited
3.73%
0%

SBI Magnum Medium Duration Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 6.7K Cr
₹ 6.8K Cr
₹ 6.9K Cr
  • AUM of the fund stands at 6.7K Cr as of Jan'24
  • AUM decreased by 122.8 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

SBI Magnum Medium Duration Fund Direct Growth Fund Manager

Dinesh Ahuja
Dinesh Ahuja
Fund Manager of SBI Magnum Medium Duration Fund Direct Growth, since 1 July 2011
Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Medium Duration Fund Direct Growth, since 30 November 2017

SBI Magnum Medium Duration Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 9.01% since inception which is more than its category average return of 4.44%
AUM size ₹6680 Cr

AUM size ₹6680 Cr

This fund has AUM of ₹6680 Cr which is more than its category average of ₹ 1555 Cr
Expense Ratio 0.69%

Expense Ratio 0.69%

This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.01%

Frequently Asked Questions

The current NAV of SBI Magnum Medium Duration Fund Direct Growth is ₹49.21 as on 16-Feb-2024.
Existing (Absolute + CAGR) as on 16-Feb-2024.
SBI Magnum Medium Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.76%
0.76%
6 Month Returns
3.78%
3.78%
1 Year Returns
8.17%
8.17%
3 Years Returns
18.96%
5.96%
5 Years Returns
47.52%
8.09%
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.
0.69% as on January 2024
₹6680 Cr as on January 2024
7.18% Govt Stock 2033(14.63%), 7.18% Govt Stock 2037(5.37%), Godrej Properties Limited(4.86%), Tata Housing Development Company Limited(4.49%), Avanse Financial Services Limited(3.73%) as on January 2024
Corporate(54.15%), Government(39.67%), Cash Equivalent(6.18%) as on January 2024
Yield to Maturity is 8.21 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 3.44 as on January 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
53.49
AA
43
A
3.51
Dinesh Ahuja, Mohit Jain are the fund managers of SBI Magnum Medium Duration Fund Direct Growth
The Exit load of SBI Magnum Medium Duration Fund Direct Growth is 1.5%