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Unrated

SBI Magnum Gilt Fund - PF Fixed 3 Years


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

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 sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 2.60 -0.25 0.05 1.00 1.61 2.90 5.52 10.64 8.19 9.86 9.69
CCIL All Sovereign Bond - TRI 2.08 0.01 0.42 2.23 2.32 3.62 5.30 11.66 7.93 9.65 9.28
Debt: Gilt 2.00 -0.22 0.03 0.93 1.66 3.22 4.71 9.70 7.05 8.72 8.59

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Magnum Gilt Fund - PF Fixed 3 Years
Unrated
Nov-03 5.52 10.64 8.19 0.95 3,620
SBI Magnum Gilt Fund  | Invest Online
4 star
Dec-00 5.51 10.64 8.19 0.95 3,620
ICICI Prudential Gilt Fund  | Invest Now
4 star
Aug-99 6.54 10.02 7.82 1.17 3,512
IDFC Government Securities Fund - Investment Plan - Regular Plan
4 star
Dec-08 4.78 11.56 8.47 1.24 1,937
Aditya Birla Sun Life Government Securities Fund  | Invest Online
4 star
Oct-99 5.81 10.55 7.98 0.94 863

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 6.24 19-Aug-2013 - 26-Aug-2013 -9.61 02-Jan-2009 - 09-Jan-2009
Month 12.90 18-Nov-2008 - 18-Dec-2008 -11.32 02-Jan-2009 - 03-Feb-2009
Quarter 18.95 03-Oct-2008 - 02-Jan-2009 -12.97 05-Jan-2009 - 06-Apr-2009
Year 23.64 26-Feb-2014 - 27-Feb-2015 -16.05 02-Jan-2009 - 04-Jan-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.95 3.60 1.64 2.91 0.69 1.38
CCIL All Sovereign Bond - TRI 10.61 4.72 1.39 1.99 -- --
Debt: Gilt 9.12 3.64 1.40 2.25 0.71 0.44

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

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 20 5 12
Modified Duration (yrs) 3.85 8.83 1.95 4.73
Average Maturity (yrs) 9.14 14.44 3.77 8.13
Yield to Maturity (%) 5.09 6.37 4.44 5.61
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.10% GOI 2031 GOI Securities SOV 0.00 - 17.94 17.94
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 13.27 13.27
up 6.76% GOI 22/02/2061 GOI Securities SOV 0.00 - 9.78 9.78
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 9.05 9.05
new Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 8.26 8.26
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 10.07 7.18
up 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 6.96 6.96
equal Reserve Bank of India 182-D 10/09/2021 Treasury Bills SOV 0.00 - 4.83 4.83
equal Reserve Bank of India 91-D 30/09/2021 Treasury Bills SOV 0.00 - 4.13 4.13
down 6.45% GOI 2029 GOI Securities SOV 3.63 - 19.91 3.63
equal Reserve Bank of India 182-D 07/10/2021 Treasury Bills SOV 0.00 - 3.44 3.44
equal 7.62% Tamilnadu State 29/03/2027 State Development Loan SOV 0.00 - 1.47 1.47
equal 6.97% GOI 2026 GOI Securities SOV 0.00 - 1.45 1.45
down Reserve Bank of India 91-D 23/09/2021 Treasury Bills SOV 0.00 - 6.89 1.38
new Reserve Bank of India 91-D 25/11/2021 Treasury Bills SOV 0.00 - 0.41 0.41
equal Reserve Bank of India 91-D 02/09/2021 Treasury Bills SOV 0.00 - 0.41 0.41
equal HSBC 28/07/2026 Interest Rate Swap -- 0.00 - -1.38 -1.38
equal State Bank of India 2026 Interest Rate Swap -- 0.00 - -1.38 -1.38
equal HSBC 30/06/2026 Interest Rate Swap -- 0.00 - -2.02 -2.07

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-Aug-2021

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:


-0.25%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 31.0620

IDCW Quarterly: ₹ 15.6981


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 (₹) 2,500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 28-Nov-2003
Return Since Launch: 6.56%
Benchmark: CRISIL Dynamic Gilt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,620 Cr (As on 31-Aug-2021)
Expense: 0.95% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW 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-20170.1445
 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-20150.1338
 20-Mar-20150.2032
 29-Dec-20140.2178
 29-Sep-20140.2026
 27-Jun-20140.2572
 28-Mar-20140.1325
 27-Dec-20130.1200
 26-Dec-20120.1604

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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