SBI Magnum Income Fund Direct Growth
Get the latest NAV of SBI Magnum Income Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹75.97
NAV as on 09 May 2025
8.29%/per year
Since Inception
▲▼
212 people have invested ₹ 14.7L in SBI Magnum Income Fund Direct Growth in the last three months
Fund Performance
as on (09-May-25)
Peer comparison
SBI Magnum Income Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
SBI Magnum Income Fund Asset Allocation
See fund asset allocation details as on (15-Apr-25)
Fund Distribution
as on (15-Apr-25)
Debt & Cash 99.7%
SBI Magnum Income Fund Sector Allocation
See fund sector allocation details as on (15-Apr-25)
Sector Allocation
Debt & Cash 99.7%
Top 3 Sectors in March were Financial Services, Government & Corporate
Government
59%
Financial Services
59%
Corporate
36%
Financial Services
59%
Government
52%
Corporate
38%
SBI Magnum Income Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.77% |
Benchmark | NIFTY Medium Long Dur Debt TR INR |
| AUM | ₹1942 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 331.24% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderately High risk |
About SBI Magnum Income Fund
SBI Magnum Income Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Lokesh Mallya. This fund is suitable to keep your money safe.
Key Parameters
- SBI Magnum Income Fund Direct Growth has ₹1942 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
SBI Magnum Income Fund Direct Growth has given a CAGR return of 8.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.47%, 8.78% and 7.32% respectively.
Holdings
SBI Magnum Income Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Corporate, Industrial, Utilities, Cash Equivalent. Its top holdings are 6.79% Govt Stock 2034, 7.23% Govt Stock 2039, 7.3% Govt Stock 2053, 7.34% Govt Stock 2064, Torrent Power Limited
Taxation
As it is a medium to long 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:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of SBI Magnum Income Fund Direct Growth
To provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Income Fund Direct Growth has no lock in period.
Fund Manager
Lokesh Mallya
Fund Manager of SBI Magnum Income Fund Direct Growth, since 1 December 2023
- AUM of the fund stands at 1.9K Cr as of Mar'25
- AUM increased by 18.9 Cr between Mar'25 and Feb'25
More funds from SBI
1Y CAGR
▲ 12.55
5Y CAGR
▲ 6.26
1Y CAGR
▲ 11.51
5Y CAGR
▲ 6.97
5Y CAGR
▲ 6.75
Frequently Asked Questions for SBI Magnum Income Fund Direct Growth
What is the current NAV of SBI Magnum Income Fund Direct Growth?
What are the average returns of SBI Magnum Income Fund Direct Growth?
SBI Magnum Income Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.78% | 0.78% |
6 Month Returns | 5.03% | 5.03% |
1 Year Returns | 10.47% | 10.47% |
3 Years Returns | 28.71% | 8.78% |
How do I invest in SBI Magnum Income Fund Direct Growth?
- 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.
What is the expense ratio of SBI Magnum Income Fund Direct Growth?
What is net assets under management (AUM) of SBI Magnum Income Fund Direct Growth?
What are the top 5 holdings of SBI Magnum Income Fund Direct Growth?
What are the top 3 sectors that this SBI Magnum Income Fund Direct Growth has invested in?
What is the yield to maturity ratio of SBI Magnum Income Fund Direct Growth?
What is the modified duration of SBI Magnum Income Fund Direct Growth?
What is the credit rating breakup of SBI Magnum Income Fund Direct Growth?
AAA | 67.18 |
AA | 32.82 |