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4 star

SBI Magnum Ultra Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

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 1.55 0.01 0.08 0.29 0.98 1.74 4.32 6.81 6.89 7.36 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Ultra Short Duration 1.71 0.01 0.13 0.36 1.08 1.91 4.43 6.04 6.43 7.10 --
Rank within category 20 7 16 21 19 20 12 5 6 6 --
Number of funds in category 27 28 28 28 27 27 26 17 14 14 0

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.32 6.81 6.89 0.31 12,864
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.61 7.44 7.55 0.34 18,100
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 5.01 -- -- 0.24 16,735
Kotak Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.56 6.93 7.15 0.33 11,759
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 6.25 7.75 8.11 0.39 9,949

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.27 24-Mar-2020 - 31-Mar-2020 -0.78 17-Mar-2020 - 24-Mar-2020
Month 1.92 24-Mar-2020 - 23-Apr-2020 -0.58 25-Feb-2020 - 26-Mar-2020
Quarter 3.36 24-Mar-2020 - 24-Jun-2020 0.36 24-Dec-2019 - 24-Mar-2020
Year 9.88 24-Jul-2013 - 24-Jul-2014 4.32 11-Jun-2020 - 11-Jun-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.67 0.69 3.43 6.20 1.33 3.40
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Ultra Short Duration 5.88 1.69 2.03 3.71 1.14 2.46
Rank within category 5 3 4 5 10 5
Number of funds in category 16 16 16 16 16 16

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 55 78 43 41
Modified Duration (yrs) 0.33 0.50 0.33 0.33
Average Maturity (yrs) 0.46 0.55 0.41 0.38
Yield to Maturity (%) 3.74 4.17 3.50 3.75
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 National Housing Bank 95-D 30/08/2021 Commercial Paper A1+ 0.00 - 6.55 6.55
new Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 5.74 5.74
equal 6.32% REC 31/12/2021 Debenture AAA 4.76 - 7.57 4.92
equal HDFC 28/10/2021 Commercial Paper A1+ 0.00 - 5.43 3.83
equal Ultratech Cement 314-D 09/03/2022 Commercial Paper A1+ 0.00 - 3.92 3.77
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 4.61 3.20
down 8.79% GOI 2021 Central Government Loan SOV 0.00 - 5.72 3.18
equal Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 4.39 3.09
equal M&M Financial Services 23/07/2021 Debenture AAA 0.00 - 4.25 2.99
equal Export-Import Bank 2021 Certificate of Deposit A1+ 2.54 - 4.14 2.91
equal Export-Import Bank 245-D 16/06/2021 Certificate of Deposit A1+ 0.00 - 3.86 2.72
equal 9.05% Madhya Pradesh State 19/10/2021 State Development Loan SOV 0.00 - 2.49 2.38
equal National Bank Agr. Rur. Devp 180-D 30/06/2021 Commercial Paper A1+ 0.00 - 3.30 2.33
equal 5.54% Madhya Pradesh State 15/10/2021 State Development Loan SOV 0.00 - 3.31 2.31
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 3.26 2.30
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 2.18 2.08
new Reserve Bank of India 91-D 26/08/2021 Treasury Bills SOV 0.00 - 1.93 1.93
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.60 1.81
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA+ 0.00 - 2.11 1.78
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.82 - 2.53 1.77
equal 6.10% Karnataka State 2021 State Development Loan SOV 0.00 - 2.43 1.69
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 1.73 1.65
new 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 1.57 1.57
new 5.18% Sundaram Finance 26/08/2022 Zero Coupon Bonds AAA 0.00 - 1.56 1.56
equal Shriram Transport Finance 68-D 30/06/2021 Commercial Paper A1+ 0.00 - 1.61 1.55

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


0.01%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 4,751.8992

IDCW Weekly: ₹ 1,143.7331

IDCW Daily: ₹ 1,776.8600


Investment Strategy

The scheme seeks 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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 5,000
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.70%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 12,864 Cr (As on 31-May-2021)
Expense: 0.31% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily30-Mar-20200.5671

 27-Mar-20201.3312
 26-Mar-20201.9047
 09-Mar-20200.0784
 06-Mar-20200.4000
 05-Mar-20200.1087
 04-Mar-20200.1815
 03-Mar-20201.1287
 02-Mar-20200.1595
 28-Feb-20200.3850
 25-Feb-20200.2047
 24-Feb-20200.1227
 20-Feb-20200.7484
 18-Feb-20200.3244
 17-Feb-20200.0851
 14-Feb-20200.5142
 13-Feb-20200.2799
 12-Feb-20200.1793
 11-Feb-20200.1912
 10-Feb-20200.2690
 07-Feb-20200.6921
 06-Feb-20200.3689
 05-Feb-20200.6138
 04-Feb-20200.2037
 03-Feb-20200.2112
IDCW Weekly27-Mar-20202.0687

 06-Mar-20201.2768
 28-Feb-20200.4625
 20-Feb-20200.7491
 14-Feb-20200.9227
 07-Feb-20201.3457
 31-Jan-20200.8883
 24-Jan-20201.0151
 17-Jan-20200.6820
 10-Jan-20201.0305
 03-Jan-20201.1275
 27-Dec-20190.6845
 20-Dec-20190.8179
 13-Dec-20191.0073
 06-Dec-20190.4118
 29-Nov-20191.1081
 22-Nov-20191.0707
 15-Nov-20191.2113
 08-Nov-20190.7230
 01-Nov-20191.1122
 25-Oct-20191.0239
 18-Oct-20191.4894
 11-Oct-20191.2288
 04-Oct-20191.7067
 27-Sep-20191.1135

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

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