Debt
Direct
Government Bond
NAV as on 06-09-2024
₹ 65.83
Inception Returns
9.4%
/yr
SBI Magnum Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Dinesh Ahuja. This fund is suitable to keep your money safe.
SBI Magnum Gilt Fund Direct Growth has given a CAGR return of 9.38% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.81%, 7.01% and 7.52% respectively.
SBI Magnum Gilt Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.34% Govt Stock 2064, 7.3% Govt Stock 2053, 8.34% Govt Stock 2033, 7.25% Govt Stock 2063
As it is a 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.
To provide returns to the investors generated through investments in Government securities issued by the Central Government and/or State Government(s).
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Gilt Fund Direct Growth has no lock in period.
Expense ratio | 0.46% |
Benchmark | ICICI Securities Mibex TR INR |
AUM | ₹9501 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 610.48% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top Sector in July was Government
SBI Magnum Gilt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.81% | 0.81% |
6 Month Returns | 4.9% | 4.9% |
1 Year Returns | 9.81% | 9.81% |
3 Years Returns | 22.54% | 7.01% |
5 Years Returns | 43.67% | 7.52% |
AAA | 100 |