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5 star

SBI Magnum Medium Duration Fund - Direct Plan


Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and 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 do not guarantee returns or safety of capital.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

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 7.93 0.22 0.71 2.24 5.84 7.61 13.11 9.68 10.45 10.98 --
VR Bond 5.50 0.13 0.38 0.85 3.33 5.33 7.35 7.06 7.54 7.60 --
Debt: Medium Duration 4.02 0.20 0.51 2.39 4.86 3.98 7.17 6.65 7.88 8.31 --
Rank within category 4 7 10 11 6 4 2 1 -- -- --
Number of funds in category 16 17 17 17 17 17 16 14 13 9 0

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Magnum Medium Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 13.11 9.68 10.45 0.78 3,384
ICICI Prudential Medium Term Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.36 8.10 9.00 1.03 4,864
IDFC Bond Fund Medium Term Plan - Direct Plan
4 star
Jan-13 12.35 9.10 9.21 0.75 3,145
HDFC Medium Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.01 8.24 8.87 0.49 933
Axis Strategic Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.20 8.30 9.33 0.35 839

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.82 (03-Sep-2013 - 10-Sep-2013) -1.99 (12-Mar-2020 - 19-Mar-2020)
Month 5.25 (20-Aug-2013 - 19-Sep-2013) -3.68 (05-Jul-2013 - 06-Aug-2013)
Quarter 8.69 (17-Feb-2014 - 19-May-2014) -6.89 (20-May-2013 - 19-Aug-2013)
Year 21.16 (03-Feb-2014 - 03-Feb-2015) 2.30 (01-Feb-2013 - 03-Feb-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.07 2.17 1.74 3.92 0.79 2.63
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Medium Duration 5.46 4.38 0.45 0.98 0.55 -0.63
Rank within category 1 2 1 1 11 1
Number of funds in category 15 15 15 15 15 15

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 58 61 41 34
Modified Duration (yrs) 3.60 3.72 2.78 --
Average Maturity (yrs) 4.77 5.14 3.78 --
Yield to Maturity (%) 7.76 9.17 7.62 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 14.34 10.45
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 7.34 7.34
equal 8.15% GOI 24/11/2026 Central Government Loan SOV 0.00 - 6.37 6.16
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 3.36 3.32
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 8.08 3.27
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 10.09 3.21
equal 9.14% Zydus Wellness 16/01/2024 Debenture AA+ 0.00 - 3.32 3.21
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 3.26 3.09
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 2.35 2.86
new 8.21% Tata Power 31/08/2023 Debenture AA 0.00 - 2.57 2.57
equal Indostar Capital Finance 26/02/2021 Debenture AA- 0.00 - 2.70 2.55
equal 9.53% Indian Bank 27/12/2029 Debenture AA- 0.00 - 2.36 2.30
down 7.26% GOI 14/01/2029 GOI Securities SOV 1.91 - 15.25 1.91
equal 9.75% Manappuram Finance 2022 Debenture AA 0.00 - 2.63 1.81
equal 8.49% Nat. Highways Authority 2029 Non Convertible Debenture AAA 0.00 - 1.70 1.63
equal TMF Holdings 28/03/2022 Zero Coupon Bonds AA- 0.00 - 2.58 1.62
equal 10.10% L&T Vadodara Bharuch Tollway 30/06/2021 Debenture A 1.58 - 3.03 1.58
equal Embassy Office Parks REIT 2022 Zero Coupon Bonds AAA 0.00 - 1.85 1.57
equal 9.05% Punjab National Bank 2027 Bonds/Debentures A+ 0.00 - 1.58 1.52
equal 6.75% Power Finance Corp. 22/05/2023 Debenture AAA 0.00 - 1.54 1.52
equal 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 2.44 1.51
equal 10.99% Union Bank of India 31/08/2050 Bonds A+ 0.00 - 1.56 1.50
equal Motilal Oswal Home Finance 24/03/2023 Debenture AA- 0.00 - 1.56 1.49
equal 9.85% Tata International Non Convertible Debenture A 0.00 - 1.82 1.47
equal 8.40% Tata Realty and Infrastructure 2022 Debenture AA 0.00 - 1.50 1.46

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

*As on 31-May-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:


0.02%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 39.7408

Dividend Quarterly: ₹ 15.4479


Investment Strategy

The scheme seeks to provide investors an opportunity to generate attractive returns with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years - 4 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 8% of the investment,1.5% will be charged for redemption within 365 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 10.46%
Benchmark: NIFTY Medium Duration
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,384 Cr (As on 30-Jun-2020)
Expense: 0.78% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly27-Dec-20190.1549

 27-Sep-20190.1441
 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-20170.1733
 24-Mar-20170.1445
 30-Dec-20160.1445
 30-Sep-20160.1445
 30-Jun-20160.1445
 23-Mar-20160.1445
 23-Dec-20150.1445
 24-Sep-20150.1445
 26-Jun-20150.1553
 20-Mar-20150.1815
 29-Dec-20140.1887
 29-Sep-20140.1886
 27-Jun-20140.2494
 28-Mar-20140.1325
 27-Dec-20130.2000

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

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM