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4 star

SBI Magnum Ultra Short Duration Fund - Direct Plan


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 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 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 a 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 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 4.31 0.00 0.09 0.41 1.98 3.60 7.30 7.72 7.63 8.10 --
CCIL T Bill Liquidity Weight 2.20 0.01 0.05 0.18 0.64 1.81 3.71 4.06 4.27 4.78 --
Debt: Ultra Short Duration 3.96 0.01 0.09 0.33 1.85 3.27 6.86 6.51 7.16 8.15 --
Rank within category 8 24 12 7 8 10 7 3 7 7 --
Number of funds in category 27 28 28 28 28 28 25 16 16 14 0

As on 06-Aug-2020

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 7.30 7.72 7.63 0.33 9,750
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.02 7.85 8.26 0.33 11,830
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.47 7.65 7.90 0.32 9,189
IDFC Ultra Short Term Fund - Direct Plan
4 star
Jul-18 7.14 -- -- 0.26 5,768
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 8.23 8.07 8.96 0.39 5,571

Best & Worst Performance

Best (Period) Worst (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) 6.38 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.48 0.46 4.90 16.58 0.68 3.07
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Ultra Short Duration 6.50 1.68 2.24 5.18 0.89 2.34
Rank within category 4 2 1 1 8 6
Number of funds in category 18 18 18 18 18 18

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

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 70 111 68 30
Modified Duration (yrs) 0.50 0.56 0.38 --
Average Maturity (yrs) 0.55 0.61 0.41 --
Yield to Maturity (%) 4.17 6.94 4.17 --

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 91-D 24/09/2020 Treasury Bills SOV 0.00 - 10.18 10.18
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 8.42 7.57
equal Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 7.15 7.15
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 1.19 - 5.02 4.40
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.23 - 4.44 3.93
new Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 3.70 3.70
equal Union Bank of India 24/02/2021 Certificate of Deposit A1+ 0.00 - 3.76 3.50
new Nabha Power 91-D 07/09/2020 Commercial Paper A1+ 0.00 - 3.05 3.05
equal LIC Housing Fin. 356-D 11/11/2020 Commercial Paper A1+ 0.00 - 3.37 3.03
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 3.39 3.03
new Bandhan Bank 21/09/2020 Certificate of Deposit A1+ 0.00 - 2.79 2.79
equal Axis Bank 29/12/2020 Certificate of Deposit A1+ 0.00 - 2.80 2.52
new Reserve Bank of India 91-D 17/09/2020 Treasury Bills SOV 0.00 - 2.14 2.14
new Tata Motors 91-D 02/09/2020 Commercial Paper A1+ 0.00 - 2.03 2.03
equal Tata Capital Financial Services 365-D 09/02/2021 Commercial Paper A1+ 0.00 - 2.20 1.99
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 0.00 - 2.20 1.98
equal 7.40% HDFC 17/11/2020 Non Convertible Debenture AAA 0.00 - 1.99 1.77
down 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 3.26 1.57
equal Union Bank of India 2020 Certificate of Deposit A1+ 0.00 - 1.64 1.52
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 1.67 1.50
new 6.57% LIC Housing Fin. 13/07/2021 Debenture AAA 0.00 - 1.30 1.30
equal 8.15% National Bank Agr. Rur. Devp 22/08/2022 Debenture AAA 0.00 - 1.86 1.29
equal 8.53% Power Finance Corp. 24/07/2020 Bonds/Debentures AAA 0.00 - 1.50 1.29
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 0.00 - 1.47 1.29
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 1.09 1.09

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 30-Jun-2020

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:


0.00%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 4,601.9785

Dividend Weekly: ₹ 1,107.6320

Dividend Daily: ₹ 1,720.7748


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 (₹) 2,000
Minimum No of Cheques 6
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: 8.14%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 9,750 Cr (As on 30-Jun-2020)
Expense: 0.33% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend 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
Dividend 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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