SBI Magnum Medium Duration Fund Direct Growth

SBI Magnum Medium Duration Fund Direct Growth

NAV as on 25-04-2025

₹ 54.84

Inception Returns

9.1%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
456 people have invested ₹ 18.9L in SBI Magnum Medium Duration Fund Direct Growth in the last three months

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

  1. SBI Magnum Medium Duration Fund Direct Growth has ₹6481 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

SBI Magnum Medium Duration Fund Direct Growth has given a CAGR return of 9.08% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.27%, 8.00% and 7.44% respectively.

Holdings

SBI Magnum Medium Duration Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 6.79% Govt Stock 2034, 7.18% Govt Stock 2033, 7.18% Govt Stock 2037, Godrej Properties Limited, 7.23% Govt Stock 2039

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:
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 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.

SBI Magnum Medium Duration Fund Direct Growth Overview

Expense ratio0.71%
Benchmark
Nifty Medium Duration Debt TR INR
AUM₹6481 Cr
Inception Date29 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
146.96%
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
Moderately High risk

Trailing Returns

as on (25-Apr-25)

Period
SBI Magnum Medium Duration Fund Direct Growth
Medium Duration Index
1M
2%
1.3%
3M
3.4%
2.8%
6M
5.4%
4.4%
1Y
10.3%
9.2%
3Y
8%
7.5%
5Y
7.4%
7.1%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
47.7%

AA
45%

A
7.4%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Sep'24

Corporate
52.3%
Government
36.6%
Cash Equivalent
11.1%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 6.5K Cr
₹ 6.5K Cr
₹ 6.6K Cr
  • AUM of the fund stands at 6.5K Cr as of Mar'25
  • AUM decreased by 33.4 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Torrent Power Limited's allocation increased from 0.67% to 2.26%
Torrent Power Limited's allocation increased from 0.67% to 2.26%
Torrent Power Limited's allocation increased from 0.39% to 0.67%
Torrent Power Limited's allocation increased from 0.39% to 0.67%
8.75% Ashoka Buildcon Limited's allocation increased from 1.06% to 1.13%
8.75% Ashoka Buildcon Limited's allocation increased from 1.06% to 1.13%
Top Stocks sold last month
Torrent Power Limited's allocation decreased from 2.26 % to 1.28 %
Torrent Power Limited's allocation decreased from 2.26 % to 1.28 %
LIC Housing Finance Limited's allocation decreased from 5.26 % to 1.15 %
LIC Housing Finance Limited's allocation decreased from 5.26 % to 1.15 %
Torrent Power Limited's allocation decreased from 0.77 % to 0.39 %
Torrent Power Limited's allocation decreased from 0.77 % to 0.39 %
Debt allocation has gone up from 77.4% to 87.5%
Debt allocation has gone up from 77.4% to 87.5%
Cash allocation has gone down from 22.3% to 12.2%
Cash allocation has gone down from 22.3% to 12.2%

Top 2 Sectors in March were Corporate, Government

Mar'25
Corporate
52%
Government
37%
Feb'25
Corporate
51%
Government
31%
  • Debt & Cash

Holdings
Weight%
1M Change
6.79% Govt Stock 2034
6.79% Govt Stock 2034
13.05%
26.3%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
12.13%
0%
7.18% Govt Stock 2037
7.18% Govt Stock 2037
8.54%
0%
Godrej Properties Limited
Godrej Properties Limited
4.6%
0%
7.23% Govt Stock 2039
7.23% Govt Stock 2039
4.42%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
SBI Magnum Medium Duration Fund Direct Growth
SBI Magnum Medium Duration Fund Direct Growth
10.27%
8%
7.44%
9.08%
Axis Strategic Bond Fund Direct Growth Option
Axis Strategic Bond Fund Direct Growth Option
10.79%
8.43%
7.85%
8.74%
Nippon India Strategic Debt Fund Direct Plan Growth Option
Nippon India Strategic Debt Fund Direct Plan Growth Option
10.52%
7.53%
8.36%
4.8%
ICICI Prudential Medium Term Bond Fund Direct Plan Growth
ICICI Prudential Medium Term Bond Fund Direct Plan Growth
10.4%
8.23%
7.94%
8.61%
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Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Medium Duration Fund Direct Growth, since 30 November 2017
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Magnum Medium Duration Fund Direct Growth
7.99%
7.49%
Lokesh Mallya
Lokesh Mallya
Fund Manager of SBI Magnum Medium Duration Fund Direct Growth, since 1 December 2023
Top funds managed
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
In the last 5 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 13.18% return, outperforming this fund by 5.74% per annum.
Insights icon
This fund with AUM at ₹6481.44Cr is among the largest funds in the medium duration category.
Insights icon
Over the last 3 months, this fund has increased expense ratio by 2.9% moving from 0.69 to 0.71.
Insights icon
Over the last 6 months, this fund has experienced a 4.1% drop in AUM moving from 6.76K Cr to 6.48K Cr.
Insights icon
In the last 1 year, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 15.33% return, outperforming this fund by 5.07%.
Insights icon
This fund has one of the lowest expense ratio in the category (medium duration). Its expense ratio is 0.71% which is lower than the category average expense ratio of 1.04%.
Insights icon
In the last 3 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 15.11% return, outperforming this fund by 7.1% per annum.

SBI Magnum Medium Duration Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 9.08% since inception which is more than its category average return of 6.48%
AUM size ₹6481 Cr

AUM size ₹6481 Cr

This fund has AUM of ₹6481 Cr which is more than its category average of ₹ 1600 Cr
Expense Ratio 0.71%

Expense Ratio 0.71%

This fund has an expense ratio of 0.71% which is less than its category average expense ratio of 1.07%

Frequently Asked Questions for SBI Magnum Medium Duration Fund Direct Growth

The current NAV of SBI Magnum Medium Duration Fund Direct Growth is ₹54.84 as on 25-Apr-2025.
Existing (Absolute + CAGR) as on 25-Apr-2025.
SBI Magnum Medium Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.95%
1.95%
6 Month Returns
5.36%
5.36%
1 Year Returns
10.27%
10.27%
3 Years Returns
25.99%
8%
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.
0.71% as on March 2025
₹6481 Cr as on March 2025
6.79% Govt Stock 2034(13.05%), 7.18% Govt Stock 2033(12.13%), 7.18% Govt Stock 2037(8.54%), Godrej Properties Limited(4.6%), 7.23% Govt Stock 2039(4.42%) as on March 2025
Corporate(50%), Government(39.04%), Cash Equivalent(10.96%) as on March 2025
Yield to Maturity is 7.76 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 3.81 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
47.67
AA
44.98
A
7.36
Mohit Jain, Lokesh Mallya are the fund managers of SBI Magnum Medium Duration Fund Direct Growth
The Exit load of SBI Magnum Medium Duration Fund Direct Growth is 1%