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Mutual Fund Publication

SBI Magnum Low Duration Fund

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Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 to the next one 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 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 1.08 0.01 0.07 0.62 1.48 3.57 8.10 7.46 7.82 8.18 8.17
CCIL T Bill Liquidity Weight 0.53 0.01 0.02 0.29 0.84 1.78 4.06 4.10 4.46 4.77 4.71
Debt: Low Duration 0.89 0.00 0.08 0.61 1.12 2.63 2.08 5.23 6.30 7.03 7.22
Rank within category 21 10 17 22 22 15 8 7 5 4 4
Number of funds in category 26 26 26 26 26 26 26 26 24 23 16

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.50 (29-Mar-2016 - 05-Apr-2016) -0.43 (09-Jul-2013 - 16-Jul-2013)
Month 1.14 (30-Aug-2013 - 01-Oct-2013) -0.04 (24-Jun-2013 - 24-Jul-2013)
Quarter 2.85 (24-Jul-2013 - 23-Oct-2013) 0.94 (01-Oct-2009 - 31-Dec-2009)
Year 10.03 (24-Jul-2013 - 24-Jul-2014) 4.12 (03-Jun-2009 - 03-Jun-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.20 0.66 2.33 4.48 1.74 4.33
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Low Duration 5.08 3.25 0.69 1.45 1.93 2.52
Rank within category 6 2 1 2 8 8
Number of funds in category 25 25 25 25 25 25

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 106 106 63 52
Modified Duration (yrs) 0.70 0.89 0.47 0.74
Average Maturity (yrs) 0.76 1.05 0.52 0.92
Yield to Maturity (%) 6.28 7.97 6.23 6.93

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Axis Bank 29/12/2020 Certificate of Deposit A1+ 0.00 - 4.86 4.86
new Bharti Hexacom 235-D 15/09/2020 Commercial Paper A1+ 0.00 - 4.41 4.41
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 3.44 2.61
up 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.57 2.57
new Indusind Bank 21/04/2020 Certificate of Deposit A1+ 0.00 - 2.53 2.53
equal Bank of Baroda 22/05/2020 Certificate of Deposit A1+ 0.00 - 3.24 2.47
equal Bharti Telecom 19/02/2020 Debenture AA+ 2.19 - 3.11 2.40
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 2.91 2.04
equal SIDBI 18/03/2020 Certificate of Deposit A1+ 0.00 - 2.65 2.04
equal Indian Bank 27/05/2020 Certificate of Deposit A1+ 0.00 - 2.62 2.02
equal HDFC 362-D 20/05/2020 Commercial Paper A1+ 0.00 - 2.61 2.02
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 2.01 2.01
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 1.79 1.56
equal National Housing Bank 22/02/2022 Non Convertible Debenture AAA 0.53 - 3.66 1.45
equal 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 0.00 - 2.19 1.45
equal 7.09% Export-Import Bank 2020 Bonds AAA 0.00 - 1.91 1.44
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 1.56 1.31
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 2.33 1.30
equal JSW Steel 181-D 12/03/2020 Commercial Paper A1+ 0.00 - 1.65 1.27
equal Tata Motors Finance 27/05/2020 Bonds AA- 0.00 - 1.46 1.27
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 1.66 1.27
equal Kotak Mahindra Prime 18/02/2020 Zero Coupon Bonds AAA 0.00 - 1.54 1.19
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 1.33 1.15
equal 8.38% Karnataka State 31/10/2022 State Development Loan SOV 0.00 - 1.24 1.08
equal Reliance Retail Ltd. 21/09/2021 Zero Coupon Bonds AAA 0.00 - 1.36 1.07

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-Jan-2020

Fund Manager

— Rajeev Radhakrishnan since 09-Jun-2008

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:

Invest Online
0.01%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 2,589.4167

Dividend Weekly: ₹ 1,014.8332

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Dividend Monthly: ₹ 1,140.7339

Dividend Fortnightly: ₹ 1,028.4516

Dividend Daily: ₹ 1,014.8301

Investment Strategy

The scheme seeks to provide investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 5,000
Minimum Balance (₹) 1,000
Exit Load 0

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 27-Jul-2007
Return Since Launch: 7.85%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 9,751 Cr (As on 31-Jan-2020)
Expense: 1.06% (As on 31-Jan-2020)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20200.1247

 20-Feb-20200.4911
 18-Feb-20200.2441
 17-Feb-20200.1267
 14-Feb-20200.3746
 13-Feb-20200.2845
 12-Feb-20200.1251
 11-Feb-20200.1254
 10-Feb-20200.1263
 07-Feb-20200.3768
 06-Feb-20200.1260
 05-Feb-20200.1260
 04-Feb-20200.1261
 03-Feb-20200.1266
 31-Jan-20200.3694
 30-Jan-20200.1480
 29-Jan-20200.1228
 28-Jan-20200.1237
 27-Jan-20200.1233
 24-Jan-20200.3666
 23-Jan-20200.1208
 22-Jan-20200.1206
 21-Jan-20200.1208
 20-Jan-20200.1207
 17-Jan-20200.3645
Dividend Fortnightly20-Feb-20201.2655

 07-Feb-20202.9554
 24-Jan-20201.6755
 10-Jan-20202.1199
 27-Dec-20191.6399
 13-Dec-20190.1899
 29-Nov-20192.1740
 15-Nov-20192.0885
 01-Nov-20192.6680
 18-Oct-20192.9961
 04-Oct-20192.6919
 20-Sep-20190.3444
 06-Sep-20192.5814
 23-Aug-20192.2134
 09-Aug-20193.7940
 26-Jul-20192.1504
 12-Jul-20193.9713
 28-Jun-20191.4752
 14-Jun-20191.1752
 31-May-20193.8002
 17-May-20193.4164
 03-May-20191.0066
 18-Apr-20191.0404
 05-Apr-20193.3475
 22-Mar-20192.7668
Dividend Weekly20-Feb-20200.8608

 14-Feb-20201.0364
 07-Feb-20200.8816
 31-Jan-20200.8874
 24-Jan-20200.8466
 17-Jan-20200.9925
 10-Jan-20200.8682
 03-Jan-20200.8716
 27-Dec-20190.9119
 20-Dec-20190.9856
 13-Dec-20190.9082
 06-Dec-20191.1910
 29-Nov-20190.9417
 22-Nov-20190.9422
 15-Nov-20190.9337
 08-Nov-20190.9211
 01-Nov-20190.7913
 25-Oct-20190.9376
 18-Oct-20191.2907
 11-Oct-20190.9582
 04-Oct-20191.0377
 27-Sep-20191.0160
 20-Sep-20191.0622
 13-Sep-20191.0629
 06-Sep-20190.8716
Dividend Monthly31-Jan-20203.6016

 27-Dec-20193.6016
 29-Nov-20193.6016
 25-Oct-20193.6016
 27-Sep-20193.6016
 30-Aug-20193.6016
 26-Jul-20193.6016
 28-Jun-20193.6016
 31-May-20193.6016
 30-Apr-20193.6016
 29-Mar-20193.6016
 28-Feb-20193.6016
 31-Jan-20193.6016
 28-Dec-20183.6016
 30-Nov-20183.6016
 31-Oct-20183.6016
 28-Sep-20183.6016
 31-Aug-20183.6016
 31-Jul-20184.3219
 27-Apr-20182.8813
 23-Mar-20182.8891
 28-Feb-20182.8891
 31-Jan-20184.3336
 29-Dec-20174.3336
 30-Nov-20174.3336

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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