SBI Magnum Ultra Short Duration Fund Direct Growth
Debt
Direct
Ultra Short Duration
NAV as on 02-12-2024
₹ 5822.66
Inception Returns
7.2%
/yr
About SBI Magnum Ultra Short Duration Fund Direct Growth
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 Arun R., Ardhendu Bhattacharya. This fund is suitable to keep your money safe.
Key Parameters
- SBI Magnum Ultra Short Duration Fund Direct Growth has ₹11751 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
SBI Magnum Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.71%, 6.41% and 5.79% respectively.
Holdings
SBI Magnum Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Corporate, Government, Health, Basic Materials, Utilities. Its top holdings are 7.3% Govt Stock 2028, LIC Housing Finance Ltd, National Bank For Agriculture And Rural Development, Power Finance Corporation Limited, Hdb Financial Services Limited
Taxation
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.
Investment objective of SBI Magnum Ultra Short Duration Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
SBI Magnum Ultra Short Duration Fund Direct Growth Overview
| Expense ratio | 0.31% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹11751 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 slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (02-Dec-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 11.9K Cr as of Oct'24
- AUM decreased by 783.9 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Corporate & Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.3% Govt Stock 2028 | 9.65% | 0% | |
LIC Housing Finance Ltd | 4.22% | 0% | |
National Bank For Agriculture And Rural Development | 3.57% | 0% | |
Power Finance Corporation Limited | 3.27% | 0% | |
Hdb Financial Services Limited | 2.94% | 0% |
Mutual Fund Insights
SBI Magnum Ultra Short Duration Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹11751 Cr
Expense Ratio 0.31%
Frequently Asked Questions for SBI Magnum Ultra Short Duration Fund Direct Growth
SBI Magnum Ultra Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.62% | 0.62% |
6 Month Returns | 3.77% | 3.77% |
1 Year Returns | 7.71% | 7.71% |
3 Years Returns | 20.48% | 6.41% |
5 Years Returns | 32.49% | 5.79% |
- 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 | 99.24 |
AA | 0.76 |