Debt
Direct
Ultra Short Duration
NAV as on 06-09-2024
₹ 5721.02
Inception Returns
7.2%
/yr
SBI Magnum Ultra Short Duration Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Mohit Jain, Arun R.. This fund is suitable to keep your money safe.
SBI Magnum Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.20% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.51%, 6.06% and 5.78% respectively.
SBI Magnum Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government, Health, Basic Materials, Utilities. Its top holdings are Bank Of India, National Bank For Agriculture And Rural Development, Indusind Bank Ltd., ICICI Bank Limited, Tata Teleservices Ltd
As it is a ultra short 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.
To provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Ultra Short Duration Fund Direct Growth has no lock in period.
Expense ratio | 0.31% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹12828 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 291.95% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Corporate & Health
SBI Magnum Ultra Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.6% | 0.6% |
6 Month Returns | 3.81% | 3.81% |
1 Year Returns | 7.51% | 7.51% |
3 Years Returns | 19.29% | 6.06% |
5 Years Returns | 32.45% | 5.78% |
AAA | 100 |