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SBI Magnum Income Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Analyst's Choice?

Suitability:

Medium to Long Duration debt funds invest in bonds maturing in 4 to 7 years' time. They aim to earn slightly better returns than inflation and 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 do not guarantee returns or safety of capital.

We believe that Aggressive Hybrid funds or Large Cap Equity funds, which invest predominantly in shares, are more suitable alternatives for an investment horizon of 5 years or more because of their ability to earn much higher returns. They witness more severe ups and downs than Medium to Long Duration funds but the possibility of incurring a loss is substantially reduced if you invest for 5 years and above.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.28 0.09 -0.07 2.60 3.34 4.65 12.66 8.08 8.68 8.59 --
VR Bond 0.12 0.04 -0.12 1.02 1.24 1.24 7.72 6.09 7.00 7.41 --
Debt: Medium to Long Duration 0.07 0.10 -0.21 1.31 1.16 1.90 8.60 5.80 7.30 7.89 --
Rank within category 2 10 3 1 1 1 1 1 2 4 --
Number of funds in category 14 14 14 14 14 14 14 14 14 13 0

As on 16-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
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 7.93 2.69 0.82 1.83 1.05 1.80
VR Bond 6.11 2.14 0.33 -- -- --
Debt: Medium to Long Duration 5.97 3.53 0.22 0.51 1.27 -0.24
Rank within category 1 2 2 2 3 1
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 20 31 17 20
Modified Duration (yrs) 3.78 4.91 3.78 4.70
Average Maturity (yrs) 5.53 7.15 5.47 6.85
Yield to Maturity (%) 7.64 9.10 7.55 7.29

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 14.42 14.42
equal 9.81% L&T Metro Rail (Hyderabad) 2035 Debenture AAA 7.82 - 10.36 7.93
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 23.87 5.41
equal 9.45% State Bank of India Debenture AA+ 0.00 - 5.17 5.02
up 8.84% Tata Power 21/02/2023 Debenture AA 0.00 - 4.91 4.91
equal 8.60% L&T Ahmedabad Maliya Tollway L Structured Obligation AA 4.70 - 6.76 4.70
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 4.35 4.31
equal 8.45% REC 22/03/2022 Debenture AAA 0.00 - 4.26 4.15
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 3.91 3.84
equal 9.15% ICICI Bank Debenture AA+ 3.71 - 7.44 3.71
equal 9.27% Tata Motors 30/06/2023 Debenture AA- 0.00 - 3.40 3.33
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 2.94 - 10.01 3.00
equal 9.14% Zydus Wellness 16/01/2024 Debenture AA+ 0.00 - 3.00 2.93
new 9.53% Allahabad Bank 27/12/2029 Debenture AA- 0.00 - 2.86 2.86
equal TMF Holdings 2022 Debenture AA- 0.00 - 2.80 2.78
equal 9.75% Manappuram Finance 2022 Debenture AA 0.00 - 2.82 2.78
equal 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 2.49 2.40
equal 8.98% Power Finance Corp. 28/03/2029 Bonds/NCDs AAA 0.00 - 2.16 2.12
equal 8.56% REC 29/11/2028 Debenture AAA 2.11 - 5.90 2.11
equal 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 0.00 - 3.90 1.71

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-Dec-2019

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:


0.09%

Change from previous, NAV as on 16-Jan-2020

Growth: ₹ 51.2126

Dividend Quarterly: ₹ 14.8761

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Dividend Half Yearly: ₹ 14.5301

Bonus: ₹ 31.0968


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
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: 8.74%
Benchmark: CRISIL Medium to Long Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,239 Cr (As on 31-Dec-2019)
Expense: 0.87% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend 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
Dividend 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: 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

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM