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SBI Magnum Medium Duration Fund

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Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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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 5.06 -0.03 0.05 2.27 2.54 5.70 11.75 8.58 9.20 9.60 8.92
VR Bond 4.40 -0.04 0.10 0.96 2.45 4.85 8.63 7.11 7.40 7.42 7.53
Debt: Medium Duration 1.34 -0.03 -0.06 1.78 -0.54 1.26 2.75 5.42 6.61 6.98 7.37
Rank within category 3 10 6 4 6 1 1 1 -- -- --
Number of funds in category 17 18 18 18 18 16 16 14 13 9 7

As on 01-Jun-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.20 (11-May-2009 - 18-May-2009) -4.15 (15-Jan-2008 - 22-Jan-2008)
Month 5.57 (09-Mar-2009 - 09-Apr-2009) -7.20 (24-Sep-2008 - 24-Oct-2008)
Quarter 11.85 (09-Mar-2009 - 10-Jun-2009) -8.00 (28-Jul-2008 - 27-Oct-2008)
Year 21.18 (25-Nov-2008 - 25-Nov-2009) -8.89 (26-Oct-2007 - 27-Oct-2008)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.35 2.18 1.36 3.17 0.82 1.68
VR Bond 6.95 1.98 0.79 1.73 -- --
Debt: Medium Duration 4.60 4.34 0.16 0.55 0.57 -1.68
Rank within category 1 3 1 1 12 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 31-May-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 53 58 41 33
Modified Duration (yrs) 3.58 3.72 2.78 --
Average Maturity (yrs) 4.99 5.14 3.78 --
Yield to Maturity (%) 8.36 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 14.34
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 10.09 10.09
up 7.26% GOI 14/01/2029 GOI Securities SOV 2.42 - 15.25 4.48
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 3.43 - 8.10 3.50
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 8.08 3.42
up 6.18% GOI 2024 GOI Securities SOV 0.00 - 3.26 3.26
up Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 3.15 3.15
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 2.35 2.98
up 8.45% Tata Power Renewable Energy 25/05/2022 Structured Obligation AA 1.54 - 2.91 2.71
equal Indostar Capital Finance 26/02/2021 Debenture AA- 0.00 - 2.70 2.64
new 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 0.00 - 2.44 2.44
equal 9.53% Indian Bank 27/12/2029 Debenture AA- 0.00 - 2.30 2.30
equal 9.27% Tata Motors 30/06/2023 Debenture AA- 0.00 - 3.23 2.12
equal 9.14% Zydus Wellness 16/01/2024 Debenture AA+ 0.00 - 3.02 2.04
equal 9.75% Manappuram Finance 2022 Debenture AA 0.00 - 2.63 1.86
equal 8.24% GOI 2033 Central Government Loan SOV 0.00 - 1.82 1.79
equal TMF Holdings 28/03/2022 Zero Coupon Bonds AA- 0.00 - 2.58 1.65
equal 10.10% L&T Vadodara Bharuch Tollway 30/06/2021 Debenture A 1.64 - 3.17 1.64
equal 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 2.44 1.58
equal 9.05% Punjab National Bank 2027 Bonds/Debentures A+ 0.00 - 1.58 1.58
equal 9.85% Tata International Non Convertible Debenture A 0.00 - 1.82 1.56
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 3.64 1.56
equal Motilal Oswal Home Finance 24/03/2023 Debenture AA- 0.00 - 1.56 1.56
equal Embassy Office Parks REIT 2022 Zero Coupon Bonds AAA 0.00 - 1.85 1.56
new 10.99% Union Bank of India 31/08/2050 Bonds A+ 0.00 - 1.54 1.54

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-Apr-2020

Fund Manager

— Dinesh Ahuja since 18-Jan-2011

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
-0.03%

Change from previous, NAV as on 01-Jun-2020

Growth: ₹ 36.8162

Dividend Quarterly: ₹ 14.2705

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: 12-Nov-2003
Return Since Launch: 8.19%
Benchmark: NIFTY Medium Duration
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,192 Cr (As on 30-Apr-2020)
Expense: 1.23% (As on 30-Apr-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly27-Dec-20190.1477

 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-20140.1815
 29-Sep-20140.1878
 27-Jun-20140.2494
 28-Mar-20140.1325
 27-Dec-20130.2000
 25-Mar-20130.1762

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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