SBI Magnum Low Duration Fund

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Value Research Rating

4 star

Analyst’s Choice

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Riskometer

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Low to Moderate

₹3,259.9911 0.02%

As on 19-Jul-2024

Returns

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Calculate SIP Returns of SBI Magnum Low Duration Fund

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Low to Moderate risk.

Low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of SBI Magnum Low Duration Fund

Asset Allocation

Split between different types of investments

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Credit Rating Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of SBI Magnum Low Duration Fund

Assets info

₹9,803 Cr

Exit Load (Days) info

--

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

5,000

Min. SIP Investment (₹)

500

Min. No of Cheques

12

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.

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."

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • If investment is made before 1 April 2023:
    • Sold within 3 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate.
    • Sold after 3 years from the date of investment: Gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • 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.

FAQ for SBI Magnum Low Duration Fund

SBI Magnum Low Duration Fund is mandated to invest in bonds such that the duration of the portfolio is between six to twelve months, and therefore it is suitable to invest in for a similar time frame.

Mutual funds can be bought directly from the website of the fund house. For instance, SBI Magnum Low Duration Fund fund can be purchased from the website of SBI Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of SBI Magnum Low Duration Fund is ₹3,259.9911 as of 20-Jul-2024.

The AUM of SBI Magnum Low Duration Fund Fund is ₹9,803 Cr as of 30-Jun-2024

The riskometer level of SBI Magnum Low Duration Fund is Low to Moderate. See More

Company Percentage of Portfolio

GOI Sec 04/10/2028

10.73

National Housing Bank Debenture 7.77 02/04/2026

4.09

L&T Metro Rail (Hyderabad) Ltd SR A Debenture 6.37 30/04/2025

3.78

Larsen & Toubro Ltd Debenture 7.58 02/05/2025

3.57

REC Ltd SR 229-A Debenture 7.79 29/11/2025

3.31
See More

As of 30-Jun-2024, SBI Magnum Low Duration Fund had invested 83.2% in Debt and 16.8% in Cash & Cash Eq. See More

SBI Magnum Low Duration Fund is 16 years 12 months old. It has delivered 7.20% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
6.97%
5.42%
5.62%
6.15%
6.80%
7.20%

No, There is no lock in period in SBI Magnum Low Duration Fund.

The expense ratio of SBI Magnum Low Duration Fund is 1.02.

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