VR Logo

5 star

SBI Magnum Income Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.88 0.06 -0.09 1.22 1.76 5.63 13.09 9.01 9.56 9.68 --
VR Bond 5.54 -0.02 -0.02 0.57 0.55 2.66 7.12 6.70 7.09 7.83 --
Debt: Medium to Long Duration 7.63 0.05 -0.12 0.98 1.06 5.21 9.49 6.92 7.82 8.87 --
Rank within category 6 4 7 2 3 6 1 1 1 5 --
Number of funds in category 13 13 13 13 13 13 13 13 13 13 0

As on 29-Sep-2020

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 13.09 9.01 9.56 0.84 1,473
ICICI Prudential Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.94 8.55 8.92 0.56 3,976
Nippon India Income Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.33 8.68 9.11 0.89 430
Aditya Birla Sun Life Income Fund - Direct Plan  | Invest Online
3 star
Jan-13 11.20 8.20 8.82 0.25 1,352
Kotak Bond Fund - Direct Plan  | Invest Online
3 star
Jan-13 11.43 8.38 8.58 0.80 1,265

Best & Worst Performance

Best (Period) Worst (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 8.44 2.93 1.13 2.82 1.11 1.86
VR Bond 6.44 2.10 0.62 1.17 -- --
Debt: Medium to Long Duration 6.63 3.65 0.59 1.34 1.26 -0.15
Rank within category 1 2 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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 27 17 18
Modified Duration (yrs) 5.45 5.45 3.78 5.68
Average Maturity (yrs) 8.17 8.17 5.43 7.65
Yield to Maturity (%) 7.05 8.26 6.94 6.34
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 24.04 24.04
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 19.83 14.21
down 5.79% GOI 2030 GOI Securities SOV 0.00 - 19.76 8.31
equal 9.81% L&T Metro Rail (Hyderabad) 2035 Debenture AAA 6.91 - 8.08 6.91
down 7.26% GOI 14/01/2029 GOI Securities SOV 5.27 - 23.87 6.27
equal 9.53% Indian Bank 27/12/2029 Debenture AA- 0.00 - 5.39 4.82
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 5.02 4.71
equal 8.55% Coastal Gujarat Power 20/07/2023 Debenture AA 0.00 - 4.33 4.12
equal 8.60% L&T Ahmedabad Maliya Tollway L Structured Obligation AA 4.05 - 4.84 4.05
equal 7.92% Cholamandalam Invest. & Fin. 2025 Debenture AA+ 0.00 - 3.64 3.42
new 8.20% Aadhar Housing Finance 17/08/2023 Debenture AA 0.00 - 3.34 3.34
equal 8.84% Tata Power 21/02/2023 Debenture AA 0.00 - 4.91 2.79
equal Indostar Capital Finance 2021 Debenture AA- 0.00 - 2.92 2.69
equal TMF Holdings 2022 Debenture AA- 0.00 - 2.80 2.62
equal 9.75% Manappuram Finance 2022 Debenture AA 0.00 - 2.82 2.45
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 10.11 0.96
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 0.77 0.69
equal 8.21% Tata Power 31/08/2023 Debenture AA 0.00 - 0.38 0.34

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-Aug-2020

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:


0.06%

Change from previous, NAV as on 29-Sep-2020

Growth: ₹ 55.6050

Dividend Quarterly: ₹ 16.1514

More

Dividend Half Yearly: ₹ 15.7765

Bonus: ₹ 33.7606


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: 9.07%
Benchmark: CRISIL Medium to Long Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,473 Cr (As on 31-Aug-2020)
Expense: 0.84% (As on 31-Aug-2020)
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: 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

VR Helpline

IPO season

dateSaturday, 03-Oct-2020
time04:00 PM - 04:30 PM