SBI Magnum Comma Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 21-01-2025
₹ 103.11
1D
Inception Returns
13.9%
/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 ₹639 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 13.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.98%, 9.08% and 20.36% respectively.
Holdings
SBI Magnum Comma Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Energy, Utilities, Consumer Defensive, Government, 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
Absolute
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1046 people have invested ₹ 41.7L 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.
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
SBI Magnum Comma Fund Direct Growth Overview
| Expense ratio | 1.89% |
Benchmark | IISL Nifty Commodities TR INR |
| AUM | ₹639 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 (21-Jan-25)
Fund Distribution
as on (30-Nov-24)
Large cap
48.8%
Small cap
29.5%
Mid cap
14.3%
Sector Allocation
Basic Materials
46.2%
Energy
27.8%
Utilities
11.3%
Consumer Defensive
9.4%
Consumer Cyclical
5.4%
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 639.1 Cr as of Dec'24
- AUM decreased by 13.8 Cr between Dec'24 and Nov'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 %
Mid Cap allocation has gone down from 14.5% to 14.3%
Large Cap allocation has gone down from 49.8% to 48.8%
Small Cap allocation has gone up from 28.9% to 29.5%
Cash allocation has gone up from 6.9% to 6.9%
Debt allocation has gone up from 0% to 0.5%
Top 3 Sectors in December were Basic Materials, Energy & Utilities
Dec'24
Basic Materials
46%
Energy
28%
Utilities
11%
Nov'24
Basic Materials
46%
Energy
28%
Utilities
11%
See all
Top Losers | 1M Return |
|---|---|
 Tata Steel Ltd | -7.1% |
 Balrampur Chini Mills Ltd | -4.2% |
 Reliance Industries Ltd | 6.8% |
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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
Over the last 3 months, this fund has experienced a 8.3% drop in AUM moving from 697.31 Cr to 639.14 Cr.
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 1.16%.
In the last 1 year, Quant Commodities Fund Direct Growth has given 31.29% return, outperforming this fund by 23.31%.
In the last 5 years, ICICI Prudential Commodities Fund Direct Growth has given 31.06% return, outperforming this fund by 10.7% per annum.
In the last 3 years, SBI PSU Direct Growth has given 32.86% return, outperforming this fund by 23.78% per annum.
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 13.89% since inception which is more than its category average return of 12.23%
Fund Allocations
This fund has an allocation of 92.65% in Equity, 0.46% in Debt and 6.89% in Cash related instruments
AUM size ₹639 Cr
This fund has AUM of ₹639 Cr which is less than its category average of ₹ 2235 Cr
Expense Ratio 1.89%
This fund has an expense ratio of 1.89% which is more than its category average expense ratio of 1.25%
Frequently Asked Questions for SBI Magnum Comma Fund Direct Growth
The current NAV of SBI Magnum Comma Fund Direct Growth is ₹103.11 as on 21-Jan-2025.
Existing (Absolute + CAGR) as on 21-Jan-2025.
SBI Magnum Comma Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.35% | -3.35% |
6 Month Returns | -4.58% | -4.58% |
1 Year Returns | 7.98% | 7.98% |
3 Years Returns | 29.79% | 9.08% |
5 Years Returns | 152.57% | 20.36% |
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.
1.89% as on December 2024
₹639 Cr as on December 2024
Tata Steel Ltd(8.59%), Reliance Industries Ltd(8.08%), UltraTech Cement Ltd(6.08%), CESC Ltd(6.02%), Oil & Natural Gas Corp Ltd(5.24%) as on December 2024
Basic Materials(42.76%), Energy(25.72%), Utilities(10.51%) as on December 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 | 4.5 | -0.96 | 2.52 |
As on December 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 | 0.79 | 0.76 | 0.87 |
As on December 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 | 0.33 | 0.38 | 0.77 |
As on December 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 | 14.47 | 16.26 | 21.64 |
As on December 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 0.57 as on December 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%