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5 star

SBI Magnum Income Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.82 -0.07 0.11 0.68 2.58 2.07 7.90 10.47 9.50 9.52 --
VR Bond 0.82 0.01 0.19 0.30 1.72 0.96 3.52 7.13 6.62 7.14 --
Debt: Medium to Long Duration 0.95 -0.20 0.01 0.52 2.70 1.28 5.88 8.51 7.76 8.31 --
Rank within category 2 1 3 4 9 2 2 2 1 1 --
Number of funds in category 14 14 14 14 14 14 14 14 14 14 0

As on 15-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Magnum Income Fund - Direct Plan  | Invest Online
5 star
Jan-13 7.90 10.47 9.50 0.80 1,733
ICICI Prudential Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 7.33 10.02 8.74 0.56 3,365
Aditya Birla Sun Life Income Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.62 10.52 8.94 0.60 2,068
Kotak Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.21 10.23 8.52 0.74 1,940
IDFC Bond Fund Income Plan - Direct Plan
3 star
Jan-13 4.11 10.08 8.88 1.32 692

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.59 19-Aug-2013 - 26-Aug-2013 -4.16 12-Aug-2013 - 19-Aug-2013
Month 4.91 19-Aug-2013 - 18-Sep-2013 -5.77 19-Jul-2013 - 19-Aug-2013
Quarter 6.86 17-Oct-2014 - 16-Jan-2015 -8.27 20-May-2013 - 19-Aug-2013
Year 15.49 24-Nov-2015 - 24-Nov-2016 -1.03 20-May-2013 - 20-May-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.96 2.78 2.04 3.86 1.04 3.02
VR Bond 6.84 2.05 1.24 1.72 -- --
Debt: Medium to Long Duration 8.14 3.52 1.36 2.16 1.21 0.76
Rank within category 2 3 2 2 4 2
Number of funds in category 14 14 14 14 14 14

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 27 18 21
Modified Duration (yrs) 2.40 5.71 2.13 3.99
Average Maturity (yrs) 4.46 8.37 2.91 5.49
Yield to Maturity (%) 5.73 7.11 5.44 5.60
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 11.34 11.34
new GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 9.72 9.72
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 4.06 - 5.02 4.27
equal 9.53% Indian Bank Additional Tier 2 Bond AA+ 0.00 - 4.56 4.19
equal 7.09% Tata Realty and Infrastructure 21/06/2024 Debenture AA 0.00 - 4.11 4.05
equal 8.55% Coastal Gujarat Power 20/07/2023 Debenture AA 0.00 - 4.33 3.63
equal 8.60% L&T Ahmedabad Maliya Tollway L Structured Obligation AA 3.37 - 4.43 3.46
new Mahindra Rural Housing Finance 26/05/2023 Debenture AA+ 0.00 - 3.43 3.43
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 3.13 3.09
equal 7.92% Cholamandalam Investment & Finance Company 2025 Debenture AA+ 0.00 - 3.64 3.00
equal 8.20% Aadhar Housing Finance 17/08/2023 Debenture AA 0.00 - 3.34 2.97
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.97 2.92
equal 7.25% Punjab National Bank Additional Tier 2 Bond AA+ 0.00 - 2.92 2.89
new 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 2.88 2.88
new IndInfravit Trust 2038 Debenture AAA 0.00 - 2.87 2.87
equal 6.18% Indian Bank Additional Tier 2 Bond AAA 0.00 - 2.87 2.87
new 5.85% GOI 2030 GOI Securities SOV 0.00 - 8.00 2.85
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 0.00 - 2.94 2.82
down 7.26% GOI 14/01/2029 GOI Securities SOV 2.44 - 11.38 2.44
equal 8.84% Tata Power Company 21/02/2023 Debenture AA 2.36 - 3.08 2.43
equal TMF Holdings 2022 Debenture AA- 2.29 - 2.75 2.42
equal Indostar Capital Finance 2021 Debenture AA- 2.26 - 2.92 2.31
equal 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 29.92 2.22
equal 7.40% Muthoot Finance 2024 Debenture AA+ 0.00 - 1.77 1.46
equal Shriram Transport Finance Company 68-D 30/06/2021 Commercial Paper A1+ 0.00 - 1.45 1.44

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2021

Fund Manager

— Dinesh Ahuja since 01-Jan-2013

Education: Mr. Ahuja is a B.Com (H) and MMS (Finance).

Experience: Prior to joining SBI AMC he has worked with L&T Investment management Ltd., Reliance Asset Management Ltd and Reliance General insurance Company Ltd.

Funds Managed:


-0.07%

Change from previous, NAV as on 15-Jun-2021

Growth: ₹ 58.3983

IDCW Quarterly: ₹ 16.9629

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IDCW Half Yearly: ₹ 16.5692

Bonus: ₹ 35.4492


Investment Strategy

The scheme seeks to provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.91%
Benchmark: CRISIL Medium to Long Term Debt
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,733 Cr (As on 31-May-2021)
Expense: 0.80% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly27-Dec-20190.1621

 27-Sep-20190.1513
 28-Jun-20190.1441
 29-Mar-20190.1441
 28-Dec-20180.1441
 07-Sep-20180.1441
 23-Mar-20180.1445
 29-Dec-20170.1806
 29-Sep-20170.1806
 30-Jun-20170.1806
 24-Mar-20170.1083
 30-Dec-20160.1445
 30-Sep-20160.1445
 01-Jul-20160.1445
 23-Mar-20160.1083
 23-Dec-20150.1445
 24-Sep-20150.1445
 26-Jun-20150.0722
 20-Mar-20150.1815
 29-Dec-20140.1379
 29-Sep-20140.1418
 27-Jun-20140.2416
 28-Mar-20140.1403
 03-Jan-20140.1948
IDCW Half Yearly27-Sep-20190.3241

 29-Mar-20190.2881
 12-Oct-20180.3241
 23-Mar-20180.2889
 29-Sep-20170.3611
 24-Mar-20170.2167
 30-Sep-20160.2889
 23-Mar-20160.2167
 24-Sep-20150.2167
 20-Mar-20150.3629
 29-Sep-20140.3624
 07-Mar-20140.4676

Contact Information

AMC: SBI Funds Management Ltd

Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400051

Phone: 022-61793000 / 1800-425-5425

Fax: 022-22189663

Email: [email protected]

Website: http://www.sbimf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM