SBI Magnum Income Fund

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Debt: Medium to Long Duration

1 Lakh

Investment Grown to

₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to

₹ 1.29 Lakh

Analyst's Choice?

Suitability:

Medium to Long Duration debt funds invest in bonds maturing in 4 to 7 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 Aggressive Hybrid funds or Large Cap Equity funds, which invest predominantly in shares, are more suitable alternatives for an investment horizon of 5 years or more because of their ability to earn much higher returns. They witness more severe ups and downs than Medium to Long Duration funds but the possibility of incurring a loss is substantially reduced if you invest for 5 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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Amount (₹)

Start date

End date

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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	2.70	0.20	0.53	2.64	5.00	7.49	14.23	8.23	8.31	8.24	8.58
VR Bond	1.50	0.12	0.26	1.49	2.27	3.04	8.68	6.91	7.12	7.53	7.39
Debt: Medium to Long Duration	2.03	0.19	0.47	2.23	2.82	4.08	9.58	6.22	6.76	7.42	7.66
Rank within category	2	6	5	6	1	1	2	1	2	4	1
Number of funds in category	14	14	14	14	14	14	14	14	14	14	14

As on 14-Feb-2020

Best & Worst Performance

	Best (Period)	Worst (Period)
Week	4.59 (19-Aug-2013 - 26-Aug-2013)	-6.13 (02-Jan-2009 - 09-Jan-2009)
Month	8.83 (03-Dec-2008 - 02-Jan-2009)	-6.46 (02-Jan-2009 - 03-Feb-2009)
Quarter	12.02 (03-Oct-2008 - 02-Jan-2009)	-8.36 (20-May-2013 - 19-Aug-2013)
Year	18.20 (04-Dec-2000 - 04-Dec-2001)	-3.70 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

	Mean	Std Dev	Sharpe	Sortino	Beta	Alpha
Fund	7.15	2.70	0.55	1.23	1.05	1.10
VR Bond	6.03	2.13	0.17	0.31	--	--
Debt: Medium to Long Duration	4.91	3.55	-0.06	0.05	1.27	-1.22
Rank within category	1	2	2	2	3	1
Number of funds in category	14	14	14	14	14	14

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	24	31	17	21
Modified Duration (yrs)	3.78	4.91	3.78	--
Average Maturity (yrs)	5.53	7.15	5.47	--
Yield to Maturity (%)	7.64	9.10	7.55	--

Value Research Fund Style^*

Credit Rating vis-à-vis Category

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Top Holdings

Company	Instrument	Credit Rating	1Y Range	% Assets
7.57% GOI 17/06/2033	GOI Securities	SOV	0.00 - 14.42	10.34
7.32% GOI 28/01/2024	GOI Securities	SOV	0.00 - 18.14	8.17
9.81% L&T Metro Rail (Hyderabad) 2035	Debenture	AAA	7.81 - 10.36	7.81
7.26% GOI 14/01/2029	GOI Securities	SOV	0.00 - 23.87	5.27
9.45% State Bank of India	Debenture	AA+	0.00 - 5.17	4.94
8.84% Tata Power 21/02/2023	Debenture	AA	0.00 - 4.91	4.80
8.60% L&T Ahmedabad Maliya Tollway L	Structured Obligation	AA	4.62 - 6.76	4.62
Embassy Office Parks REIT 2022	Non Convertible Debenture	AAA	0.00 - 4.35	4.26
8.45% REC 22/03/2022	Debenture	AAA	0.00 - 4.26	4.09
7.45% LIC Housing Fin. 2023	Non Convertible Debenture	AAA	0.00 - 3.96	3.96
8.85% Power Finance Corp. 25/05/2029	Bonds/NCDs	AAA	0.00 - 3.91	3.77
9.15% ICICI Bank	Debenture	AA+	3.65 - 7.44	3.65
8.10% Tata Capital Housing Finance 14/01/2023	Non Convertible Debenture	AAA	0.00 - 3.56	3.56
9.27% Tata Motors 30/06/2023	Debenture	AA-	0.00 - 3.40	3.26
8.90% State Bank of India 2028	Non Convertible Debenture	AAA	2.94 - 10.01	2.94
9.53% Allahabad Bank 27/12/2029	Debenture	AA-	0.00 - 2.89	2.89
9.14% Zydus Wellness 16/01/2024	Debenture	AA+	0.00 - 3.00	2.87
TMF Holdings 2022	Debenture	AA-	0.00 - 2.80	2.75
9.75% Manappuram Finance 2022	Debenture	AA	0.00 - 2.82	2.74
6.79% GOI 26/12/2029	GOI Securities	SOV	0.00 - 2.49	2.35
8.98% Power Finance Corp. 28/03/2029	Bonds/NCDs	AAA	0.00 - 2.16	2.10
8.56% REC 29/11/2028	Debenture	AAA	2.07 - 5.90	2.07
7.27% GOI 2026	GOI Securities	SOV	0.00 - 2.04	2.04
9.10% Power Finance Corp. 23/03/2029	Non Convertible Debenture	AAA	0.00 - 3.90	1.69

Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio

As on 31-Jan-2020

^*As on 31-Dec-2019

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:

SBI Debt Hybrid Fund - since Jan 2011
SBI Dynamic Bond Fund - since Jan 2011
SBI Equity Hybrid Fund - since Jan 2011
SBI Magnum Gilt Fund - since Jan 2011
SBI Magnum Medium Duration Fund - since Jan 2011
SBI ETF 10 Year Gilt - since Jan 2020
SBI Magnum Constant Maturity Fund - since Jan 2020

Invest Online

0.20%

Change from previous, NAV as on 14-Feb-2020

Growth: ₹ 50.3960

Dividend Quarterly: ₹ 14.1925

Dividend Half Yearly: ₹ 13.1810

Bonus: ₹ 30.5354

The scheme seeks to provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years.

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 10% of the investment,1% will be charged for redemption within 365 days

Exit Load

For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Fund House:	SBI Mutual Fund
Launch Date:	25-Nov-1998
Return Since Launch:	7.91%
Benchmark:	CRISIL Medium to Long Term Debt
Riskometer:	Moderate
Type:	Open-ended
Assets:	₹ 1,266 Cr (As on 31-Jan-2020)
Expense:	1.47% (As on 31-Dec-2019)
Risk Grade:	Below Average
Return Grade:	Above Average

Plan

Record Date

Dividend (₹ / Unit)

Dividend Quarterly

27-Dec-2019

0.1513

More...

	27-Sep-2019	0.1441
	28-Jun-2019	0.1441
	29-Mar-2019	0.1441
	28-Dec-2018	0.1441
	07-Sep-2018	0.1441
	23-Mar-2018	0.1445
	29-Dec-2017	0.1806
	29-Sep-2017	0.1806
	30-Jun-2017	0.1806
	24-Mar-2017	0.1083
	30-Dec-2016	0.1445
	30-Sep-2016	0.1445
	30-Jun-2016	0.1445
	23-Mar-2016	0.1083
	23-Dec-2015	0.1445
	24-Sep-2015	0.1445
	26-Jun-2015	0.0722
	20-Mar-2015	0.1815
	29-Dec-2014	0.1379
	29-Sep-2014	0.1403
	27-Jun-2014	0.2416
	28-Mar-2014	0.1403
	03-Jan-2014	0.1948

Dividend Half Yearly

27-Sep-2019

0.2881

More...

	29-Mar-2019	0.2881
	12-Oct-2018	0.2881
	23-Mar-2018	0.2889
	29-Sep-2017	0.3611
	24-Mar-2017	0.2167
	30-Sep-2016	0.2889
	23-Mar-2016	0.2167
	24-Sep-2015	0.2167
	20-Mar-2015	0.3629
	29-Sep-2014	0.3811
	07-Mar-2014	0.4676
	25-Mar-2013	0.4405
	26-Sep-2012	0.3744
	30-Mar-2012	0.3524
	20-Sep-2011	0.1762
	22-Mar-2011	0.1757
	29-Sep-2010	0.1758
	29-Sep-2009	0.2189
	30-Mar-2009	0.2164
	01-Oct-2007	0.3014
	28-Mar-2007	0.1306
	05-Oct-2006	0.3004
	02-Sep-2005	0.2500
	29-Mar-2004	0.2500

Fund News - 25-Jun-2018

Benchmark changes in Schemes of SBI Mutual Fund
Fund News - 27-Jun-2016

SBI Magnum MIP Floater announces dividend at Rs. 0.14 per unit
Fund News - 18-Mar-2016

SBI Magnum MIP Floater Fund declares dividend at Rs. 0.54 per unit
Fund News - 21-Aug-2015

Introduction of Weekly SIP Under SBI Mutual Fund
Fundwire - 06-May-2015

Debt Funds Gravitate towards G-secs

SBI Magnum Income Fund

₹ 1.14 Lakh

₹ 1.27 Lakh

₹ 1.49 Lakh

₹ 1.74 Lakh

₹ 2.28 Lakh

₹ 2.76 Lakh

₹ 4.22 Lakh

₹ 1.29 Lakh

₹ 4.17 Lakh

₹ 7.53 Lakh

₹ 11.52 Lakh

₹ 18.92 Lakh

₹ 33.94 Lakh

₹ 53.76 Lakh

Trailing Returns (%)

Best & Worst Performance

Risk Measures (%)

Portfolio Aggregates

Value Research Fund Style^*

Credit Rating vis-à-vis Category

Top Holdings

Fund Manager

0.20%

Investment Strategy

Investment Details

Basic Details

Most Recent Dividends

News & Analysis

Contact Information

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SBI Magnum Income Fund

₹ 1.14 Lakh

₹ 1.27 Lakh

₹ 1.49 Lakh

₹ 1.74 Lakh

₹ 2.28 Lakh

₹ 2.76 Lakh

₹ 4.22 Lakh

₹ 1.29 Lakh

₹ 4.17 Lakh

₹ 7.53 Lakh

₹ 11.52 Lakh

₹ 18.92 Lakh

₹ 33.94 Lakh

₹ 53.76 Lakh

Trailing Returns (%)

Best & Worst Performance

Risk Measures (%)

Portfolio Aggregates

Value Research Fund Style*

Credit Rating vis-à-vis Category

Top Holdings

Fund Manager

0.20%

Investment Strategy

Investment Details

Basic Details

Most Recent Dividends

News & Analysis

Contact Information

Upcoming Video

Time to bet big on mid- and small-cap funds?

Knowledge Centre

Value Research India Private Limited

Value Research Fund Style^*