SBI Magnum Gilt Fund Direct Growth

SBI Magnum Gilt Fund Direct Growth

NAV as on 21-04-2025

₹ 70.48

0.5%

1D

Inception Returns

9.5%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
1275 people have invested ₹ 4.6Cr 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 ₹11489 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 9.49% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.67%, 9.13% and 7.53% 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, 6.92% Govt Stock 2039, 6.79% Govt Stock 2034, 7.3% Govt Stock 2053, 7.12% Maharashtra SDL 2038

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
Nifty All Duration G-Sec Index PR INR
AUM₹11489 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 (21-Apr-25)

Period
SBI Magnum Gilt Fund Direct Growth
Government Bond Index
1M
2.8%
2.2%
3M
4.7%
3.9%
6M
6%
4.7%
1Y
12.7%
10.7%
3Y
9.1%
7.6%
5Y
7.5%
6.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Government
95.9%
Cash Equivalent
4.1%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 11.5K Cr
₹ 11.2K Cr
₹ 11.3K Cr
  • AUM of the fund stands at 11.5K Cr as of Mar'25
  • AUM increased by 263.3 Cr between Mar'25 and Feb'25
Cash allocation has gone up from 2.3% to 3.4%
Cash allocation has gone up from 2.3% to 3.4%
Debt allocation has gone down from 97.7% to 96.6%
Debt allocation has gone down from 97.7% to 96.6%

Top Sector in March was Government

Mar'25
Government
96%
Feb'25
Government
98%
  • Debt & Cash

Holdings
Weight%
1M Change
7.34% Govt Stock 2064
7.34% Govt Stock 2064
37.24%
0%
6.92% Govt Stock 2039
6.92% Govt Stock 2039
13.51%
100%
6.79% Govt Stock 2034
6.79% Govt Stock 2034
12.22%
-65.3%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
9.67%
0%
7.12% Maharashtra SDL 2038
7.12% Maharashtra SDL 2038
4.46%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
SBI Magnum Gilt Fund Direct Growth
SBI Magnum Gilt Fund Direct Growth
12.67%
9.13%
7.53%
9.49%
DSP Gilt Fund Direct Plan Growth
DSP Gilt Fund Direct Plan Growth
13.23%
8.97%
7.57%
8.52%
Kotak Gilt-Investment Fund Provident Fund and Trust - Growth - Direct
Kotak Gilt-Investment Fund Provident Fund and Trust - Growth - Direct
12.8%
8.93%
7.33%
8.56%
Edelweiss Government Securities Fund Direct Growth
Edelweiss Government Securities Fund Direct Growth
12.44%
8.54%
7.82%
9.04%
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Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Magnum Gilt Fund Direct Growth, since 1 November 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Liquid Fund Direct Plan Growth
6.84%
6.37%
SBI Savings Fund Direct Plan Growth
7.23%
6.64%
SBI Equity Hybrid Fund Direct Growth
12.38%
13.1%
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.37L Cr
as on 31-Mar-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
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%.
Insights icon
In the last 3 years, this fund has outperformed all funds in its category.
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Over the last 6 months, this fund has experienced a 8.1% growth in AUM moving from 10.62K Cr to 11.48K Cr.
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In the last 5 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 8% return, outperforming this fund by 0.32% per annum.
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In the last 1 year, Baroda BNP Paribas Gilt Fund Direct Growth Option has given 12.35% return, outperforming this fund by 0.4%.
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This fund with AUM at ₹11489.36Cr is among the largest funds in the government bond category.

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 9.49% since inception which is more than its category average return of 7.15%
AUM size ₹11489 Cr

AUM size ₹11489 Cr

This fund has AUM of ₹11489 Cr which is more than its category average of ₹ 2197 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%

Frequently Asked Questions for SBI Magnum Gilt Fund Direct Growth

The current NAV of SBI Magnum Gilt Fund Direct Growth is ₹70.48 as on 21-Apr-2025.
Existing (Absolute + CAGR) as on 21-Apr-2025.
SBI Magnum Gilt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.82%
2.82%
6 Month Returns
5.99%
5.99%
1 Year Returns
12.67%
12.67%
3 Years Returns
29.95%
9.13%
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
₹11489 Cr as on March 2025
7.34% Govt Stock 2064(37.24%), 6.92% Govt Stock 2039(13.51%), 6.79% Govt Stock 2034(12.22%), 7.3% Govt Stock 2053(9.67%), 7.12% Maharashtra SDL 2038(4.46%) as on March 2025
Yield to Maturity is 6.97 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 10.17 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%