SBI Magnum Gilt Fund Direct Growth

SBI Magnum Gilt Fund Direct Growth

NAV as on 31-03-2025

₹ 69.1

0.3%

1D

Inception Returns

9.4%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
1221 people have invested ₹ 4.1Cr in SBI Magnum Gilt Fund Direct Growth in the last three months

About SBI Magnum Gilt Fund Direct Growth

SBI Magnum Gilt 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

  1. SBI Magnum Gilt Fund Direct Growth has ₹11257 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

SBI Magnum Gilt Fund Direct Growth has given a CAGR return of 9.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.46%, 8.33% and 7.34% respectively.

Holdings

SBI Magnum Gilt Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.34% Govt Stock 2064, 6.79% Government Of India (07/10/2034), 7.3% Govt Stock 2053, 7.22% State Government Of Haryana 2038, 7.13% State Government Of Karnataka 2041

Taxation

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:
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.

Investment objective of SBI Magnum Gilt Fund Direct Growth

To provide returns to the investors generated through investments in Government securities issued by the Central Government and/or State Government(s).

Minimum Investment and lockin period

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.

SBI Magnum Gilt Fund Direct Growth Overview

Expense ratio0.46%
Benchmark
ICICI Securities Mibex TR INR
AUM₹11257 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
610.48%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (31-Mar-25)

Period
SBI Magnum Gilt Fund Direct Growth
Government Bond Index
1M
2.5%
1.4%
3M
3.2%
2.2%
6M
3.7%
2.8%
1Y
9.5%
8%
3Y
8.3%
6.6%
5Y
7.3%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Feb'25

Jan'25

Dec'24

Government
97.7%
Cash Equivalent
2.3%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 11.2K Cr
₹ 11.3K Cr
₹ 11.3K Cr
  • AUM of the fund stands at 11.2K Cr as of Feb'25
  • AUM decreased by 36.1 Cr between Feb'25 and Jan'25
Cash allocation has gone down from 3.5% to 2.3%
Cash allocation has gone down from 3.5% to 2.3%
Debt allocation has gone up from 96.5% to 97.7%
Debt allocation has gone up from 96.5% to 97.7%

Top Sector in February was Government

Feb'25
Government
98%
Jan'25
Government
97%
  • Debt & Cash

Holdings
Weight%
1M Change
7.34% Govt Stock 2064
7.34% Govt Stock 2064
37.48%
-1.8%
6.79% Government Of India (07/10/2034)
6.79% Government Of India (07/10/2034)
35.62%
17.3%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
9.73%
-4.9%
7.22% State Government Of Haryana 2038
7.22% State Government Of Haryana 2038
3.57%
0%
7.13% State Government Of Karnataka 2041
7.13% State Government Of Karnataka 2041
2.21%
0%
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Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Magnum Gilt Fund Direct Growth, since 1 November 2023
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.63L Cr
as on 28-Feb-2025
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

Insights icon
Over the last 6 months, this fund has experienced a 15.4% growth in AUM moving from 9.75K Cr to 11.25K Cr.
Insights icon
In the last 5 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 7.64% return, outperforming this fund by 0.3% per annum.
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In the last 1 year, Axis Gilt Fund Direct Plan Growth Option has given 10.17% return, outperforming this fund by 0.71%.
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Over the last 15 months, this fund has decreased expense ratio by 2.1% moving from 0.47 to 0.46.
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In the last 3 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 8.35% return, outperforming this fund by 0.02% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (government bond). Its expense ratio is 0.46% which is lower than the category average expense ratio of 0.8%.

SBI Magnum Gilt Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 9.36% since inception which is more than its category average return of 6.86%
AUM size ₹11257 Cr

AUM size ₹11257 Cr

This fund has AUM of ₹11257 Cr which is more than its category average of ₹ 2210 Cr
Expense Ratio 0.46%

Expense Ratio 0.46%

This fund has an expense ratio of 0.46% which is less than its category average expense ratio of 0.85%

More funds from SBI

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SBI CRISIL IBX Gilt Index June 2036 Fund Direct Growth

1Y CAGR

▲ 10.30

SBI Magnum Constant Maturity Fund Direct Growth

SBI Magnum Constant Maturity Fund Direct Growth

5Y CAGR

▲ 6.50

SBI Long Duration Fund Direct Growth

SBI Long Duration Fund Direct Growth

1Y CAGR

▲ 9.52

SBI Credit Risk Fund Direct Plan Growth

SBI Credit Risk Fund Direct Plan Growth

5Y CAGR

▲ 7.79

SBI CRISIL IBX Gilt Index - April 2029 Fund Direct Growth

SBI CRISIL IBX Gilt Index - April 2029 Fund Direct Growth

1Y CAGR

▲ 9.09

Frequently Asked Questions for SBI Magnum Gilt Fund Direct Growth

The current NAV of SBI Magnum Gilt Fund Direct Growth is ₹69.1 as on 31-Mar-2025.
Existing (Absolute + CAGR) as on 31-Mar-2025.
SBI Magnum Gilt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.51%
2.51%
6 Month Returns
3.73%
3.73%
1 Year Returns
9.46%
9.46%
3 Years Returns
27.12%
8.33%
5 Years Returns
42.52%
7.34%
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.
0.46% as on March 2025
₹11257 Cr as on March 2025
7.34% Govt Stock 2064(37.48%), 6.79% Government Of India (07/10/2034)(35.62%), 7.3% Govt Stock 2053(9.73%), 7.22% State Government Of Haryana 2038(3.57%), 7.13% State Government Of Karnataka 2041(2.21%) as on March 2025
Yield to Maturity is 7.11 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 9.92 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Rajeev Radhakrishnan is the fund manager of SBI Magnum Gilt Fund Direct Growth
The Exit load of SBI Magnum Gilt Fund Direct Growth is 0%