SBI Magnum Comma Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 20-12-2024
₹ 106.69
1D
Inception Returns
14.3%
/yr
About SBI Magnum Comma Fund Direct Growth
SBI Magnum Comma Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Dinesh Balachandran. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Magnum Comma Fund Direct Growth has ₹653 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.9.
Returns
SBI Magnum Comma Fund Direct Growth has given a CAGR return of 14.32% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.11%, 14.15% and 21.99% respectively.
Holdings
SBI Magnum Comma Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Energy, Utilities, Consumer Defensive, Consumer Cyclical. Its top holdings are Tata Steel Ltd, Reliance Industries Ltd, UltraTech Cement Ltd, CESC Ltd, Oil & Natural Gas Corp Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of SBI Magnum Comma Fund Direct Growth
To generate opportunities for growth along with possibility of consistent returns by investing predominantly in a portfolio of stocks of companies engaged in the commodity and commodity related businesses.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Comma Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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1051 people have invested ₹ 32.3L in SBI Magnum Comma Fund Direct Growth in the last three months
INDmoney Rank for SBI Magnum Comma Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
SBI Magnum Comma Fund Direct Growth Overview
| Expense ratio | 1.89% |
Benchmark | IISL Nifty Commodities TR INR |
| AUM | ₹653 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 88.14% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
49.8%
Small cap
28.9%
Mid cap
14.5%
Sector Allocation
Basic Materials
46%
Energy
28.5%
Utilities
11%
Consumer Defensive
9.9%
Consumer Cyclical
4.7%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -1.02% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund underperformed Nifty 500 by 0.43% in Nov'24
- AUM of the fund stands at 652.9 Cr as of Nov'24
- AUM decreased by 2 Cr between Nov'24 and Oct'24
Top Stocks bought last month
CCL Products (India) Ltd's allocation increased from 4.4% to 5.15%
Power Grid Corp Of India Ltd's allocation increased from 4.56% to 4.69%
Oil India Ltd's allocation increased from 2.7% to 2.82%
Top Stocks sold last month
Tata Steel Ltd's allocation decreased from 9.02 % to 8.8 %
Reliance Industries Ltd's allocation decreased from 8.64 % to 8.41 %
CESC Ltd's allocation decreased from 5.98 % to 5.52 %
Small Cap allocation has gone down from 28.9% to 28.9%
Mid Cap allocation has gone up from 14.3% to 14.5%
Large Cap allocation has gone down from 50.9% to 49.8%
Cash allocation has gone up from 5.8% to 6.9%
Top 3 Sectors in November were Basic Materials, Energy & Utilities
Nov'24
Basic Materials
46%
Energy
28%
Utilities
11%
Oct'24
Basic Materials
46%
Energy
29%
Utilities
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Tata Steel Ltd | 8.8% | 0% | |
 Reliance Industries Ltd | 8.41% | 0% | |
 UltraTech Cement Ltd | 5.83% | 0% | |
 CESC Ltd | 5.52% | 0% | |
 Oil & Natural Gas Corp Ltd | 5.5% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 CCL Products (India) Ltd | 9.3% |
 Power Grid Corporation of India Ltd | 2.1% |
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Dinesh Balachandran
Fund Manager of SBI Magnum Comma Fund Direct Growth, since 1 June 2024
Top funds managed
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.65L Cr
as on 29-Nov-2024
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com
Mutual Fund Insights
In the last 3 years, SBI PSU Direct Growth has given 37.71% return, outperforming this fund by 23.72% per annum.
Over the last 3 months, this fund has experienced a 3.3% drop in AUM moving from 675.49 Cr to 652.93 Cr.
In the last 5 years, ICICI Prudential Commodities Fund Direct Growth has given 33.07% return, outperforming this fund by 10.4% per annum.
This fund expense ratio is slightly on the higher side within the category (equity - other). Its expense ratio is 1.89% which is higher than the category average expense ratio of 1.14%.
Over the last 1 year, this fund has decreased expense ratio by 6.9% moving from 2.03 to 1.89.
In the last 1 year, HDFC Defence Fund Direct Growth has given 48.31% return, outperforming this fund by 28.94%.
SBI Magnum Comma Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.32% since inception which is less than its category average return of 17.65%
Fund Allocations
This fund has an allocation of 93.15% in Equity, 0% in Debt and 6.85% in Cash related instruments
AUM size ₹653 Cr
This fund has AUM of ₹653 Cr which is less than its category average of ₹ 2189 Cr
Expense Ratio 1.89%
This fund has an expense ratio of 1.89% which is more than its category average expense ratio of 1.18%
Frequently Asked Questions for SBI Magnum Comma Fund Direct Growth
The current NAV of SBI Magnum Comma Fund Direct Growth is ₹106.69 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
SBI Magnum Comma Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.84% | 1.84% |
6 Month Returns | -0.61% | -0.61% |
1 Year Returns | 20.11% | 20.11% |
3 Years Returns | 48.72% | 14.15% |
5 Years Returns | 170.17% | 21.99% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.89% as on November 2024
₹653 Cr as on November 2024
Tata Steel Ltd(8.8%), Reliance Industries Ltd(8.41%), UltraTech Cement Ltd(5.83%), CESC Ltd(5.52%), Oil & Natural Gas Corp Ltd(5.5%) as on November 2024
Basic Materials(42.83%), Energy(26.52%), Utilities(10.21%) as on November 2024
The alpha ratio for the SBI Magnum Comma Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Magnum Comma Fund Direct Growth | 3.49 | -0.27 | 2.75 |
As on November 2024
The alpha for SBI Magnum Comma Fund Direct Growth is calculated against IISL Nifty Commodities TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the SBI Magnum Comma Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Magnum Comma Fund Direct Growth | 0.78 | 0.77 | 0.88 |
As on November 2024
The Beta for SBI Magnum Comma Fund Direct Growth is calculated with IISL Nifty Commodities TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the SBI Magnum Comma Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Magnum Comma Fund Direct Growth | 1.06 | 0.56 | 0.83 |
As on November 2024
The sharpe ratio for SBI Magnum Comma Fund Direct Growth is calculated with IISL Nifty Commodities TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the SBI Magnum Comma Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Magnum Comma Fund Direct Growth | 16.24 | 16.34 | 21.54 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.86 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Dinesh Balachandran is the fund manager of SBI Magnum Comma Fund Direct Growth
The Exit load of SBI Magnum Comma Fund Direct Growth is 0.5%