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SBI Magnum Gilt Fund - Direct Plan

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Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharper ups and downs because of changes in interest rates.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 2.81 0.02 0.29 2.43 3.58 4.72 16.49 9.14 9.41 10.63 --
CCIL All Sovereign Bond - TRI 3.58 -0.25 0.28 3.02 4.17 4.54 15.97 9.44 9.13 9.29 --
Debt: Gilt 2.75 0.01 0.27 2.36 2.93 4.08 13.78 8.32 8.61 9.23 --
Rank within category 9 7 8 9 3 5 2 5 3 2 --
Number of funds in category 21 21 21 21 21 21 21 21 21 20 0

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.25 (19-Aug-2013 - 26-Aug-2013) -5.46 (12-Aug-2013 - 19-Aug-2013)
Month 6.24 (19-Aug-2013 - 18-Sep-2013) -7.20 (19-Jul-2013 - 19-Aug-2013)
Quarter 10.05 (22-Oct-2014 - 23-Jan-2015) -9.14 (20-May-2013 - 19-Aug-2013)
Year 23.90 (26-Feb-2014 - 27-Feb-2015) -1.04 (14-Jun-2017 - 14-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.44 3.96 0.45 0.90 0.73 0.67
CCIL All Sovereign Bond - TRI 7.18 5.14 0.29 0.53 -- --
Debt: Gilt 6.57 4.14 0.22 0.46 0.75 -0.23
Rank within category 4 8 4 4 9 4
Number of funds in category 21 21 21 21 21 21

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 12 21 7 8
Modified Duration (yrs) 4.54 6.88 2.83 5.47
Average Maturity (yrs) 6.52 10.55 4.14 8.07
Yield to Maturity (%) 6.50 7.68 5.87 6.67

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 21.30 21.30
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 28.63 17.76
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 20.95 15.64
equal Reserve Bank of India 91-D 26/03/2020 Treasury Bills SOV 0.00 - 7.77 7.77
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 10.50 6.71
down 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 25.35 6.21
new 7.57% Chhattisgarh State 27/03/2023 State Development Loan SOV 0.00 - 5.15 5.15
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 45.72 3.48
new Reserve Bank of India 70-D 17/03/2020 Treasury Bills SOV 0.00 - 2.59 2.59
down 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 11.15 2.30
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 2.07 2.07
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 26.89 1.06

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-Jan-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:

Invest Online
0.02%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 47.9270

Dividend Quarterly: ₹ 15.8112

Investment Strategy

The scheme aims to generate returns through investments in government securities. It will normally maintain an average maturity of more than three 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 0

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 10.67%
Benchmark: CRISIL Dynamic Gilt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,916 Cr (As on 31-Jan-2020)
Expense: 0.51% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly27-Dec-20190.1657

 27-Sep-20190.1621
 28-Jun-20190.1621
 29-Mar-20190.1441
 28-Dec-20180.1441
 07-Sep-20180.1441
 23-Mar-20180.1445
 29-Dec-20170.1445
 29-Sep-20170.1445
 30-Jun-20170.1806
 24-Mar-20170.1083
 30-Dec-20160.1445
 30-Sep-20160.1445
 30-Jun-20160.1445
 23-Mar-20160.1083
 23-Dec-20150.1445
 24-Sep-20150.1445
 26-Jun-20150.1445
 20-Mar-20150.2032
 29-Dec-20140.2178
 29-Sep-20140.2182
 27-Jun-20140.2572
 28-Mar-20140.1325
 27-Dec-20130.1200
 31-Jan-20130.0533

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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