SBI Magnum Ultra Short Duration Fund Direct Plan Growth

SBI Magnum Ultra Short Duration Fund Direct Plan Growth

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Debt
Direct
Ultra Short Duration
NAV: ₹ 5607.22 as on 28-05-2024

About the Fund

SBI Magnum Ultra Short Duration Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Mohit Jain, Arun R.. This fund is suitable to keep your money safe.

Key Parameters

  1. SBI Magnum Ultra Short Duration Fund Direct Plan Growth has ₹10499 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.3.
Fund Performance
zero opening, trading, fund transfer fee
202 people have invested ₹ 90.9L in SBI Magnum Ultra Short Duration Fund Direct Plan Growth in the last three months

Overview

Expense ratio
Expense ratio
0.31%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹10499 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
227.07%

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

  • Debt & Cash 99.7%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
57.3%
Cash Equivalent
39.1%
Government
3.5%

Top Holdings of SBI Magnum Ultra Short Duration Fund Direct Plan Growth as on (30-Apr-24)

  • Debt & Cash

Debt Holdings64
Holdings
Weight%
1M Change
182 DTB 11072024
182 DTB 11072024
4.24%
0%
ICICI Bank Limited
ICICI Bank Limited
4.12%
0%
Tata Teleservices Ltd
Tata Teleservices Ltd
3.66%
0%
TATA Consumer Products Ltd.
TATA Consumer Products Ltd.
3.32%
0%
Cholamandalam Investment & Finance Co Ltd.
Cholamandalam Investment & Finance Co Ltd.
3.21%
100%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 11.4K Cr
₹ 9K Cr
₹ 9.2K Cr
  • AUM of the fund stands at 11.4K Cr as of Apr'24
  • AUM increased by 2.4K Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.72% return, outperforming this fund by 0.32%.
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In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.61% return, outperforming this fund by 1.89% per annum.
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In the last 5 years, ICICI Prudential Ultra Short Term Fund Direct Plan Growth has given 6.56% return, outperforming this fund by 0.71% per annum.
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This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.31% which is lower than the category average expense ratio of 0.56%.
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Over the last 6 months, this fund has experienced a 12.6% drop in AUM moving from 12.00K Cr to 10.49K Cr.

Fund Manager

Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Ultra Short Duration Fund Direct Plan Growth, since 30 November 2017
Arun R.
Arun R.
Fund Manager of SBI Magnum Ultra Short Duration Fund Direct Plan Growth, since 1 July 2021

SBI Magnum Ultra Short Duration Fund Direct Plan Growth Highlights

Risk meter
pointer

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 7.19% since inception which is more than its category average return of 7.17%
AUM size ₹10499 Cr

AUM size ₹10499 Cr

This fund has AUM of ₹10499 Cr which is more than its category average of ₹ 3026 Cr
Expense Ratio 0.31%

Expense Ratio 0.31%

This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 0.65%

Frequently Asked Questions

The current NAV of SBI Magnum Ultra Short Duration Fund Direct Plan Growth is ₹5607.22 as on 28-May-2024.
Existing (Absolute + CAGR) as on 28-May-2024.
SBI Magnum Ultra Short Duration Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.6%
0.6%
6 Month Returns
3.84%
3.84%
1 Year Returns
7.4%
7.4%
3 Years Returns
18.16%
5.72%
5 Years Returns
32.91%
5.85%
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.
0.31% as on April 2024
₹10499 Cr as on April 2024
182 DTB 11072024(4.24%), ICICI Bank Limited(4.12%), Tata Teleservices Ltd(3.66%), TATA Consumer Products Ltd.(3.32%), Cholamandalam Investment & Finance Co Ltd.(3.21%) as on April 2024
Corporate(53.17%), Cash Equivalent(35.76%), Government(11.07%) as on April 2024
Yield to Maturity is 7.52 as on April 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 0.41 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Mohit Jain, Arun R. are the fund managers of SBI Magnum Ultra Short Duration Fund Direct Plan Growth
The Exit load of SBI Magnum Ultra Short Duration Fund Direct Plan Growth is 0%