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SBI Magnum Ultra Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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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(₹)
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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 0.44 0.02 0.13 0.53 1.60 3.67 7.96 7.63 7.77 8.20 --
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 4.15 4.45 4.78 --
Debt: Ultra Short Duration 0.27 0.02 0.13 0.38 1.33 3.38 7.02 6.66 7.47 8.29 --
Rank within category 10 8 14 10 9 8 8 5 9 8 --
Number of funds in category 28 28 28 28 27 26 24 17 17 15 0

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.35 (26-Mar-2019 - 02-Apr-2019) -0.02 (09-Jul-2013 - 16-Jul-2013)
Month 0.93 (01-Mar-2019 - 02-Apr-2019) 0.41 (03-Apr-2019 - 03-May-2019)
Quarter 2.74 (24-Jul-2013 - 23-Oct-2013) 1.57 (23-Oct-2019 - 22-Jan-2020)
Year 9.88 (24-Jul-2013 - 24-Jul-2014) 6.71 (06-Feb-2017 - 06-Feb-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.37 0.41 4.02 13.22 1.02 3.34
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Ultra Short Duration 6.73 1.54 2.18 4.45 1.44 3.37
Rank within category 9 2 3 1 5 13
Number of funds in category 19 19 19 19 19 19

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 106 111 50 40
Modified Duration (yrs) 0.44 0.48 0.32 0.36
Average Maturity (yrs) 0.50 0.52 0.34 0.44
Yield to Maturity (%) 6.15 7.76 5.90 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 3.72 3.53
down 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 3.25 2.97
up Bank of Baroda 22/05/2020 Certificate of Deposit A1+ 0.00 - 2.99 2.81
equal National Bank Agr. Rur. Devp 29/05/2020 Certificate of Deposit A1+ 0.00 - 5.97 2.81
equal 9.48% Bank of Baroda Bonds AA 0.00 - 3.02 2.69
up 8.75% Muthoot Finance 24/06/2020 Debenture AA 0.00 - 2.47 2.47
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 2.34 2.34
equal LIC Housing Fin. 356-D 11/11/2020 Commercial Paper A1+ 0.00 - 2.33 2.33
new Vedanta 88-D 07/02/2020 Commercial Paper A1+ 0.00 - 2.04 2.04
equal Ashok Leyland 189-D 27/03/2020 Commercial Paper A1+ 0.00 - 2.88 2.02
equal Andhra Bank 14/05/2020 Certificate of Deposit A1+ 0.00 - 3.23 2.01
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 2.78 1.95
equal 8.15% National Bank Agr. Rur. Devp 22/08/2022 Debenture AAA 0.00 - 1.86 1.86
new Axis Bank 25/05/2020 Certificate of Deposit A1+ 0.00 - 1.84 1.84
new 7.90% L&T Infrastructre Finance 20/03/2020 Debenture AAA 0.00 - 1.65 1.65
equal John Deere Financial India 177-D 21/02/2020 Commercial Paper A1+ 0.00 - 2.31 1.63
equal 8.36% REC 22/09/2020 Debenture AAA 0.00 - 1.62 1.62
new Equitas Small Finance Bank 24/03/2020 Certificate of Deposit A1+ 0.00 - 1.62 1.62
new Tata Steel Long Products 84-D 12/03/2020 Commercial Paper A1+ 0.00 - 1.62 1.62
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 2.40 1.61
equal Reserve Bank of India 364-D 11/06/2020 Treasury Bills SOV 0.00 - 1.77 1.60
up 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 1.46 1.46
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 1.57 1.42
equal Reliance Retail Ltd. 28/06/2020 Securitised Debt AAA 0.00 - 1.41 1.28
equal M&M Financial Services 365-D 13/03/2020 Commercial Paper A1+ 0.00 - 1.81 1.22

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

— Rajeev Radhakrishnan since 01-Jan-2013

Education: Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.

Experience: Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.

Funds Managed:


0.02%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 4,431.2729

Dividend Weekly: ₹ 1,078.4930

Dividend Daily: ₹ 1,675.0300


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
Exit Load 0

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.20%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 12,192 Cr (As on 31-Dec-2019)
Expense: 0.34% (As on 31-Dec-2019)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Jan-20200.2875

 22-Jan-20200.3375
 21-Jan-20200.1846
 20-Jan-20200.2118
 17-Jan-20200.5552
 16-Jan-20200.2487
 15-Jan-20200.1950
 14-Jan-20200.0610
 10-Jan-20200.5575
 09-Jan-20200.0987
 08-Jan-20200.3341
 07-Jan-20200.3396
 06-Jan-20200.2711
 03-Jan-20200.5533
 02-Jan-20200.2745
 01-Jan-20200.3527
 31-Dec-20190.3869
 30-Dec-20190.1842
 27-Dec-20190.4811
 26-Dec-20190.2359
 24-Dec-20190.2851
 23-Dec-20190.0580
 20-Dec-20190.5092
 19-Dec-20190.1454
 18-Dec-20190.1821
Dividend Weekly17-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
 20-Sep-20190.2218
 13-Sep-20190.8898
 06-Sep-20191.0514
 30-Aug-20191.5110
 23-Aug-20191.2661
 16-Aug-20190.7770
 09-Aug-20191.5831
 02-Aug-20191.7322

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

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