SBI Magnum Constant Maturity Fund Direct Growth
Debt
Direct
10 Yr Government Bond
NAV as on 20-12-2024
₹ 62.86
Inception Returns
8.9%
/yr
About SBI Magnum Constant Maturity Fund Direct Growth
SBI Magnum Constant Maturity Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Rajeev Radhakrishnan. This fund is suitable to keep your money safe.
Key Parameters
- SBI Magnum Constant Maturity Fund Direct Growth has ₹1934 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
SBI Magnum Constant Maturity Fund Direct Growth has given a CAGR return of 8.87% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.35%, 6.08% and 6.67% respectively.
Holdings
SBI Magnum Constant Maturity Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.18% Govt Stock 2033, 7.18% Govt Stock 2037, 7.26% Govt Stock 2033
Taxation
As it is a 10 yr government bond mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of SBI Magnum Constant Maturity Fund Direct Growth
To provide returns to the investors generated through investments predominantly in Government securities issued by the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Constant Maturity Fund Direct Growth has no lock in period.
Historical NAV & Returns
SBI Magnum Constant Maturity Fund Direct Growth Overview
| Expense ratio | 0.31% |
Benchmark | ICICI Securities Libex TR INR |
| AUM | ₹1934 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 113.64% |
| 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 |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 1.9K Cr as of Nov'24
- AUM increased by 119.2 Cr between Nov'24 and Oct'24
Top Sector in November was Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.1% Govt Stock 2034 | 43.07% | 8.1% | |
7.18% Govt Stock 2033 | 28.09% | 0% | |
7.18% Govt Stock 2037 | 24.17% | 0% | |
7.26% Govt Stock 2033 | 2.13% | 0% |
Mutual Fund Insights
SBI Magnum Constant Maturity Fund Direct Growth Highlights
Moderately High risk
About the fund
AUM size ₹1934 Cr
Expense Ratio 0.31%
Frequently Asked Questions for SBI Magnum Constant Maturity Fund Direct Growth
SBI Magnum Constant Maturity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.75% | 0.75% |
6 Month Returns | 4.52% | 4.52% |
1 Year Returns | 9.35% | 9.35% |
3 Years Returns | 19.38% | 6.08% |
5 Years Returns | 38.14% | 6.67% |
- 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.
AAA | 100 |