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5 star

SBI Magnum Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a 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 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 4.88 0.02 0.12 0.52 2.62 4.20 7.90 7.66 7.76 8.26 8.35
CCIL T Bill Liquidity Weight 2.16 0.00 0.02 0.13 0.63 1.82 3.64 4.05 4.27 4.76 4.78
Debt: Low Duration 4.51 0.02 0.15 3.52 4.73 3.72 6.40 5.00 6.14 6.87 7.40
Rank within category 9 9 18 15 15 9 11 3 5 4 4
Number of funds in category 20 20 20 20 20 20 20 20 19 17 14

As on 04-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 7.90 7.66 7.76 1.05 8,548
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 8.89 7.96 8.23 0.50 18,689
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 8.98 7.83 8.16 1.08 5,969
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 8.39 7.89 7.88 0.61 4,955
IDFC Low Duration Fund - Regular Plan
4 star
Jan-06 8.09 7.64 7.92 0.50 4,575

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.62 (24-Mar-2020 - 31-Mar-2020) -0.91 (12-Mar-2020 - 19-Mar-2020)
Month 2.26 (24-Mar-2020 - 23-Apr-2020) -0.91 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.06 (24-Mar-2020 - 24-Jun-2020) 0.05 (24-Dec-2019 - 24-Mar-2020)
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 7.43 0.76 2.91 6.64 0.93 3.32
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Low Duration 5.24 4.36 1.08 2.29 -1.00 -1.17
Rank within category 6 3 1 2 22 1
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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 89 106 84 48
Modified Duration (yrs) 0.99 0.99 0.70 0.82
Average Maturity (yrs) 1.10 1.10 0.76 0.94
Yield to Maturity (%) 4.89 7.07 4.89 5.66

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 24/09/2020 Treasury Bills SOV 0.00 - 11.61 11.61
equal Bharti Hexacom 235-D 15/09/2020 Commercial Paper A1+ 0.00 - 5.46 5.22
equal L&T Finance Holdings 274-D 27/11/2020 Commercial Paper A1+ 0.00 - 4.76 4.58
equal HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 4.54 4.54
new HUDCO 365-D 16/06/2021 Commercial Paper A1+ 0.00 - 3.94 3.94
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 1.64 - 3.44 3.04
equal JSW Steel 173-D 02/09/2020 Commercial Paper A1+ 0.00 - 3.02 2.89
equal JSW Steel 181-D 10/09/2020 Commercial Paper A1+ 0.00 - 3.02 2.89
equal 7.40% HDFC 17/11/2020 Non Convertible Debenture AAA 0.00 - 2.82 2.67
equal Tata Realty and Infrastructure 359-D 30/10/2020 Commercial Paper A1+ 0.00 - 2.45 2.45
equal Larsen & Toubro 305-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.27 2.27
new Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 2.26 2.26
new Tata Motors 308-D 30/04/2021 Commercial Paper A1+ 0.00 - 2.21 2.21
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 1.90 1.81
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 1.30 - 1.59 1.51
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 1.29 - 2.01 1.48
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 1.27 1.27
equal 8.38% Karnataka State 31/10/2022 State Development Loan SOV 0.00 - 1.32 1.26
equal Reliance Retail Ltd. 21/09/2021 Zero Coupon Bonds AAA 0.00 - 1.36 1.26
equal Reliance Jio Infocomm 16/04/2023 Non Convertible Debenture AAA 0.00 - 1.29 1.24
equal 8.35% REC 13/03/2022 Debenture AAA 1.05 - 1.39 1.23
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 1.05 - 1.39 1.23
equal 8.83% REC 21/01/2022 Non Convertible Debenture AAA 0.00 - 1.23 1.23
new 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 1.21 1.21
equal 6.92% Maharashtra State 2022 State Development Loan SOV 0.00 - 1.27 1.21

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

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:


0.02%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 2,686.6281

Dividend Weekly: ₹ 1,046.4630

More

Dividend Monthly: ₹ 1,178.3681

Dividend Fortnightly: ₹ 1,064.7669

Dividend Daily: ₹ 1,046.4558


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: 7.88%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 8,548 Cr (As on 30-Jun-2020)
Expense: 1.05% (As on 30-Jun-2020)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Mar-20200.1159

 27-Mar-20200.3666
 26-Mar-20201.4429
 13-Mar-20200.3099
 12-Mar-20200.1840
 11-Mar-20200.1310
 09-Mar-20200.2480
 06-Mar-20200.3929
 05-Mar-20200.2050
 04-Mar-20200.1299
 03-Mar-20200.1866
 02-Mar-20200.1302
 28-Feb-20200.3215
 27-Feb-20200.1208
 26-Feb-20200.1178
 25-Feb-20200.0992
 24-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
Dividend Weekly27-Mar-20202.1001

 13-Mar-20200.5847
 06-Mar-20201.0449
 28-Feb-20200.7854
 20-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
Dividend Fortnightly06-Mar-20201.6851

 20-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
Dividend Monthly28-Feb-20203.6016

 31-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

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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