SBI Magnum Income Fund

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Debt: Medium to Long Duration

Analysts' Choice?

1 Lakh

Investment Grown to

₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to

₹ 1.28 Lakh

Suitability:

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than 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 may experience some degree of volatility in response to changes in interest rates.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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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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	11.27	-0.16	0.13	0.72	3.49	5.76	12.89	9.08	9.42	9.31	9.03
VR Bond	6.95	0.04	0.01	0.50	1.85	2.40	7.41	7.13	7.21	7.79	7.57
Debt: Medium to Long Duration	9.57	-0.09	0.16	0.53	2.86	4.27	9.73	7.13	7.56	8.27	8.04
Rank within category	3	12	8	3	2	1	1	1	1	2	1
Number of funds in category	14	14	14	14	14	14	14	14	14	14	14

As on 27-Nov-2020

Peer Comparison

Fund name	Launch Date	1-Year Return	3-Year Return	5-Year Return	Expense Ratio	Assets (Cr)
SBI Magnum Income Fund \| Invest Online	Nov-98	12.89	9.08	9.42	1.47	1,587
ICICI Prudential Bond Fund \| Invest Now	Aug-08	11.30	8.80	8.68	1.13	4,239
IDFC Bond Fund Income Plan - Regular Plan	Jul-00	11.15	8.90	8.83	1.97	698
Nippon India Income Fund \| Invest Online	Jan-98	10.30	8.88	8.77	1.79	427
Aditya Birla Sun Life Income Fund \| Invest Online	Oct-95	12.23	8.75	8.70	0.89	1,708

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	8.54	2.98	1.20	2.90	1.12	1.57
VR Bond	6.75	2.09	0.85	1.51	--	--
Debt: Medium to Long Duration	6.68	3.67	0.65	1.39	1.27	-0.55
Rank within category	1	2	2	2	4	2
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-Oct-2020

Portfolio Aggregates

	Fund	1Y High	1Y Low	Category
Number of Securities	19	24	18	20
Modified Duration (yrs)	5.57	5.71	3.78	5.99
Average Maturity (yrs)	8.11	8.37	5.43	7.98
Yield to Maturity (%)	6.63	7.95	6.63	6.00
Avg Credit Rating	AAA	--	--	--

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company	Instrument	Credit Rating	1Y Range	% Assets
6.19% GOI 16/09/2034	GOI Securities	SOV	0.00 - 29.92	28.44
7.26% GOI 14/01/2029	GOI Securities	SOV	5.27 - 23.87	11.38
7.57% GOI 17/06/2033	GOI Securities	SOV	3.00 - 19.83	9.92
9.81% L&T Metro Rail (Hyderabad) 2035	Debenture	AAA	6.47 - 8.08	6.47
9.53% Indian Bank 27/12/2029	Debenture	AA+	0.00 - 4.56	4.56
Embassy Office Parks REIT 2022	Non Convertible Debenture	AAA	4.09 - 5.02	4.45
5.77% GOI 2030	GOI Securities	SOV	0.00 - 8.40	4.06
8.55% Coastal Gujarat Power 20/07/2023	Debenture	AA	0.00 - 4.33	3.94
8.60% L&T Ahmedabad Maliya Tollway L	Structured Obligation	AA	3.77 - 4.79	3.77
7.92% Cholamandalam Invest. & Fin. 2025	Debenture	AA+	0.00 - 3.64	3.27
8.20% Aadhar Housing Finance 17/08/2023	Debenture	AA	0.00 - 3.34	3.20
8.84% Tata Power 21/02/2023	Debenture	AA	2.66 - 4.91	2.66
Indostar Capital Finance 2021	Debenture	AA-	0.00 - 2.92	2.51
TMF Holdings 2022	Debenture	AA-	2.51 - 2.80	2.51
9.75% Manappuram Finance 2022	Debenture	AA	2.32 - 2.82	2.32
MTNL 2030	Debenture	AAA	0.00 - 1.61	1.61
6.45% GOI 2029	GOI Securities	SOV	0.00 - 10.11	1.24
IndInfravit Trust 2038	Non Convertible Debenture	AAA	0.00 - 0.77	0.64
8.21% Tata Power 31/08/2023	Debenture	AA	0.00 - 0.38	0.33

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

As on 31-Oct-2020

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:

Invest Online

-0.16%

Change from previous, NAV as on 27-Nov-2020

Growth: ₹ 54.6025

Dividend Quarterly: ₹ 15.3771

Dividend Half Yearly: ₹ 14.2812

Bonus: ₹ 33.0841

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:	8.01%
Benchmark:	CRISIL Medium to Long Term Debt
Riskometer:	Moderate
Type:	Open-ended
Assets:	₹ 1,587 Cr (As on 31-Oct-2020)
Expense:	1.47% (As on 31-Oct-2020)
Risk Grade:	Below Average
Return Grade:	High

Plan

Record Date

Dividend (₹ / Unit)

Dividend Quarterly

27-Dec-2019

0.1513

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	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

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	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

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Trailing Returns (%)

Peer Comparison

Best & Worst Performance

Risk Measures (%)

Portfolio Aggregates

Value Research Fund Style

Credit Rating vis-à-vis Category

Top Holdings

Fund Manager

-0.16%

Investment Strategy

Investment Details

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