SBI Magnum Medium Duration Fund Direct Growth

SBI Magnum Medium Duration Fund Direct Growth

NAV as on 04-04-2025

₹ 54.37

▲0.1%

1D

Inception Returns

9%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
464 people have invested ₹ 20.5L 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 Lokesh Mallya, Mohit Jain. This fund is suitable to keep your money safe.

Key Parameters

  1. SBI Magnum Medium Duration Fund Direct Growth has ₹6469 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 9.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.45%, 7.51% and 7.51% 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, 6.79% Government Of India (07/10/2034), Godrej Properties Limited, 7.23% Government Of India (15/04/2039)

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
CRISIL Short Term Bond Fund TR INR
AUM₹6469 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 (04-Apr-25)

Period
SBI Magnum Medium Duration Fund Direct Growth
Medium Duration Index
1M
1.8%
1.3%
3M
2.9%
2.3%
6M
4.8%
4%
1Y
9.5%
8.3%
3Y
7.5%
6.9%
5Y
7.5%
7%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
47.6%

AA
44.8%

A
7.7%

Sector Allocation

Feb'25

Jan'25

Dec'24

Corporate
50.9%
Government
30.9%
Cash Equivalent
18.2%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 6.5K Cr
₹ 6.6K Cr
₹ 6.6K Cr
  • AUM of the fund stands at 6.5K Cr as of Feb'25
  • AUM decreased by 37.5 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Yes Bank Limited's allocation increased from 0.15% to 3.35%
Yes Bank Limited's allocation increased from 0.15% to 3.35%
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 1.28%
Torrent Power Limited's allocation increased from 0.39% to 1.28%
Top Stocks sold last month
JM Financial Asset Reconstruction Company Limited's allocation decreased from 5.26 % to 2.69 %
JM Financial Asset Reconstruction Company Limited's allocation decreased from 5.26 % to 2.69 %
Bharti Telecom Limited's allocation decreased from 5.26 % to 2.32 %
Bharti Telecom Limited's allocation decreased from 5.26 % to 2.32 %
Jindal Stainless Limited's allocation decreased from 5.26 % to 1.82 %
Jindal Stainless Limited's allocation decreased from 5.26 % to 1.82 %
Cash allocation has gone up from 19.3% to 22.3%
Cash allocation has gone up from 19.3% to 22.3%
Debt allocation has gone down from 80.4% to 77.4%
Debt allocation has gone down from 80.4% to 77.4%

Top 2 Sectors in February were Corporate, Government

Feb'25
Corporate
51%
Government
31%
Jan'25
Corporate
54%
Government
31%
  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
12.15%
0%
7.18% Govt Stock 2037
7.18% Govt Stock 2037
8.5%
0%
6.79% Government Of India (07/10/2034)
6.79% Government Of India (07/10/2034)
5.29%
0%
Godrej Properties Limited
Godrej Properties Limited
4.65%
0%
7.23% Government Of India (15/04/2039)
7.23% Government Of India (15/04/2039)
4.4%
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
9.45%
7.51%
7.51%
9.04%
Axis Strategic Bond Fund Direct Growth Option
Axis Strategic Bond Fund Direct Growth Option
9.99%
7.97%
7.82%
8.7%
Nippon India Strategic Debt Fund Direct Plan Growth Option
Nippon India Strategic Debt Fund Direct Plan Growth Option
9.69%
7.08%
8.23%
4.73%
ICICI Prudential Medium Term Bond Fund Direct Plan Growth
ICICI Prudential Medium Term Bond Fund Direct Plan Growth
9.65%
7.87%
7.79%
8.57%
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Lokesh Mallya
Lokesh Mallya
Fund Manager of SBI Magnum Medium Duration Fund Direct Growth, since 1 December 2023
Top funds managed
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
7.46%
6.87%
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
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 0.89%.
Insights icon
Over the last 6 months, this fund has experienced a 5.2% growth in AUM moving from 6.14K Cr to 6.46K Cr.
Insights icon
In the last 3 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 14.76% return, outperforming this fund by 7.25% per annum.
Insights icon
In the last 5 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 13.02% return, outperforming this fund by 5.52% per annum.
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
In the last 1 year, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 14.51% return, outperforming this fund by 5.06%.

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 9.04% since inception which is more than its category average return of 6.42%
AUM size ₹6469 Cr

AUM size ₹6469 Cr

This fund has AUM of ₹6469 Cr which is more than its category average of ₹ 1637 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 1.06%

Frequently Asked Questions for SBI Magnum Medium Duration Fund Direct Growth

The current NAV of SBI Magnum Medium Duration Fund Direct Growth is ₹54.37 as on 04-Apr-2025.
Existing (Absolute + CAGR) as on 04-Apr-2025.
SBI Magnum Medium Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.8%
1.8%
6 Month Returns
4.84%
4.84%
1 Year Returns
9.45%
9.45%
3 Years Returns
24.27%
7.51%
5 Years Returns
43.63%
7.51%
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
₹6469 Cr as on March 2025
7.18% Govt Stock 2033(12.15%), 7.18% Govt Stock 2037(8.5%), 6.79% Government Of India (07/10/2034)(5.29%), Godrej Properties Limited(4.65%), 7.23% Government Of India (15/04/2039)(4.4%) as on March 2025
Corporate(50.81%), Government(31.22%), Cash Equivalent(17.98%) as on March 2025
Yield to Maturity is 7.9 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 3.37 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
47.56
AA
44.78
A
7.66
Lokesh Mallya, Mohit Jain 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%