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 Mohit Jain, Lokesh Mallya. This fund is suitable to keep your money safe.

1. SBI Magnum Medium Duration Fund Direct Growth has ₹6593 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 has given a CAGR return of 9.09% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.23%, 8.53% and 7.41% respectively.

SBI Magnum Medium Duration Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 6.79% Govt Stock 2034, 7.18% Govt Stock 2033, 7.18% Govt Stock 2037, Godrej Properties Limited, 7.23% Govt Stock 2039

As it is a medium 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.

To provide investors an opportunity to generate attractive returns with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years – 4 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 for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Medium Duration Fund Direct Growth has no lock in period.