SBI Magnum Medium Duration Fund Direct Growth
Debt
Direct
Medium Duration
NAV as on 20-12-2024
₹ 52.69
Inception Returns
9%
/yr
About SBI Magnum Medium Duration Fund Direct Growth
SBI Magnum Medium Duration Fund Direct Growth is a debt fund. This fund was started on 29 January, 2013. The fund is managed by Mohit Jain, Lokesh Mallya. This fund is suitable to keep your money safe.
Key Parameters
- SBI Magnum Medium Duration Fund Direct Growth has ₹6642 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
SBI Magnum Medium Duration Fund Direct Growth has given a CAGR return of 8.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.62%, 6.72% and 7.54% respectively.
Holdings
SBI Magnum Medium Duration Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, 7.18% Govt Stock 2037, 7.1% Govt Stock 2034, 6.79% Govt Stock 2034, Godrej Properties Limited
Taxation
As it is a medium duration 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 Medium Duration Fund Direct Growth
To provide investors an opportunity to generate attractive returns with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years - 4 years. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Medium Duration Fund Direct Growth has no lock in period.
Historical NAV & Returns
SBI Magnum Medium Duration Fund Direct Growth Overview
| Expense ratio | 0.69% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹6642 Cr |
| Inception Date | 29 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 146.96% |
| 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 6.7K Cr as of Nov'24
- AUM decreased by 28.1 Cr between Nov'24 and Oct'24
Top 2 Sectors in November were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.18% Govt Stock 2033 | 11.81% | 0% | |
7.18% Govt Stock 2037 | 8.28% | 0% | |
7.1% Govt Stock 2034 | 4.93% | 0% | |
6.79% Govt Stock 2034 | 4.84% | 0% | |
Godrej Properties Limited | 4.54% | 0% |
Mutual Fund Insights
SBI Magnum Medium Duration Fund Direct Growth Highlights
Moderately High risk
About the fund
AUM size ₹6642 Cr
Expense Ratio 0.69%
Frequently Asked Questions for SBI Magnum Medium Duration Fund Direct Growth
SBI Magnum Medium Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.7% | 0.7% |
6 Month Returns | 4.33% | 4.33% |
1 Year Returns | 8.62% | 8.62% |
3 Years Returns | 21.56% | 6.72% |
5 Years Returns | 43.82% | 7.54% |
- 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 | 47.26 |
AA | 45.05 |
A | 7.69 |