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SBI Magnum Ultra Short Duration Fund

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Debt: Ultra Short Duration

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

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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(₹)
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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 5.60 0.01 0.08 0.33 1.09 2.55 6.05 7.36 7.29 7.70 8.11
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 3.90 4.12 4.53 4.75
Debt: Ultra Short Duration 4.87 0.01 0.07 0.32 1.01 2.23 5.31 5.94 6.50 7.19 7.95
Rank within category 5 9 8 9 8 6 5 3 4 7 6
Number of funds in category 26 28 28 28 27 27 26 15 15 14 12

As on 27-Nov-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 6.05 7.36 7.29 0.49 14,207
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 7.19 7.71 7.97 0.48 16,215
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 6.55 -- -- 0.64 15,216
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 5.97 7.07 7.25 0.76 13,539
ICICI Prudential Ultra Short Term Fund  | Invest Now
4 star
 May-11 6.77 7.47 7.89 0.97 8,266

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.27 (24-Mar-2020 - 31-Mar-2020) -0.78 (17-Mar-2020 - 24-Mar-2020)
Month 1.91 (24-Mar-2020 - 23-Apr-2020) -0.59 (25-Feb-2020 - 26-Mar-2020)
Quarter 3.32 (24-Mar-2020 - 24-Jun-2020) 0.32 (24-Dec-2019 - 24-Mar-2020)
Year 9.78 (24-Jul-2013 - 24-Jul-2014) 3.98 (18-May-2009 - 18-May-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.17 0.53 4.19 9.00 0.92 3.19
CCIL T Bill Liquidity Weight 3.89 0.32 -3.35 -6.53 -- --
Debt: Ultra Short Duration 5.95 1.58 1.69 3.44 1.09 2.16
Rank within category 4 2 1 1 6 2
Number of funds in category 17 17 17 17 17 17

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 61 111 57 38
Modified Duration (yrs) 0.39 0.56 0.38 0.37
Average Maturity (yrs) 0.41 0.61 0.41 0.43
Yield to Maturity (%) 3.67 6.33 3.67 4.22
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
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 8.42 4.87
equal Reserve Bank of India 364-D 29/07/2021 Treasury Bills SOV 0.00 - 4.80 3.43
new 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 2.97 2.97
equal Reserve Bank of India 91-D 03/12/2020 Treasury Bills SOV 0.00 - 3.93 2.81
new Reserve Bank of India 364-D 22/04/2021 Treasury Bills SOV 0.00 - 2.77 2.77
equal Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 3.82 2.74
up 8.70% HDFC 15/12/2020 Debenture AAA 2.61 - 4.44 2.71
equal M&M Financial Services 23/07/2021 Debenture AAA 0.00 - 3.68 2.64
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 3.70 2.58
new L&T Finance 62-D 30/12/2020 Commercial Paper A1+ 0.00 - 2.45 2.45
equal Union Bank of India 24/02/2021 Certificate of Deposit A1+ 0.00 - 3.76 2.44
equal Reserve Bank of India 182-D 04/02/2021 Treasury Bills SOV 0.00 - 3.42 2.44
new Export-Import Bank 245-D 16/06/2021 Certificate of Deposit A1+ 0.00 - 2.41 2.41
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 2.04 - 3.39 2.11
new Reserve Bank of India 91-D 14/01/2021 Treasury Bills SOV 0.00 - 2.10 2.10
new Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 2.04 2.04
equal Axis Bank 29/12/2020 Certificate of Deposit A1+ 0.00 - 2.80 1.75
new JSW Steel 91-D 28/01/2021 Commercial Paper A1+ 0.00 - 1.73 1.73
up 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.67 1.67
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 2.28 1.63
new 8.15% GOI 21/12/2020 GOI Securities Floating Rate Bond SOV 0.00 - 1.43 1.43
equal Tata Capital Financial Services 365-D 09/02/2021 Commercial Paper A1+ 0.00 - 2.20 1.39
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 0.00 - 2.20 1.38
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.00 - 1.89 1.35
up 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 1.13 - 3.26 1.13

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-Oct-2020

Fund Manager

— Rajeev Radhakrishnan since 16-Jul-2010

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 27-Nov-2020

Growth: ₹ 4,628.2643

Dividend Weekly: ₹ 1,121.7449

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Dividend Daily: ₹ 1,742.8627

Automatic Reinvestment: ₹ 1,121.6378

Investment Strategy

The scheme seeks to provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments.

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: 21-May-1999
Return Since Launch: 7.37%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 14,207 Cr (As on 31-Oct-2020)
Expense: 0.49% (As on 31-Oct-2020)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily30-Mar-20200.5619

 27-Mar-20201.3205
 26-Mar-20201.7202
 09-Mar-20200.0676
 06-Mar-20200.3895
 05-Mar-20200.1029
 04-Mar-20200.1763
 03-Mar-20201.1235
 02-Mar-20200.1542
 28-Feb-20200.3639
 25-Feb-20200.1995
 24-Feb-20200.1175
 20-Feb-20200.7375
 18-Feb-20200.3138
 17-Feb-20200.0799
 14-Feb-20200.4984
 13-Feb-20200.2747
 12-Feb-20200.1740
 11-Feb-20200.1860
 10-Feb-20200.2637
 07-Feb-20200.6763
 06-Feb-20200.3636
 05-Feb-20200.6086
 04-Feb-20200.1984
 03-Feb-20200.2060
Automatic Reinvestment27-Mar-20202.0135

 06-Mar-20201.2531
 28-Feb-20200.4380
 20-Feb-20200.7253
 14-Feb-20200.8989
 07-Feb-20201.3226
 31-Jan-20200.8645
 24-Jan-20200.9914
 17-Jan-20200.6583
 10-Jan-20201.0067
 03-Jan-20201.1036
 27-Dec-20190.6576
 20-Dec-20190.7942
 13-Dec-20190.9835
 06-Dec-20190.3879
 29-Nov-20191.0843
 22-Nov-20191.0468
 15-Nov-20191.1876
 08-Nov-20190.6992
 01-Nov-20191.0918
 25-Oct-20191.0001
 18-Oct-20191.4622
 11-Oct-20191.2086
 04-Oct-20191.6829
 27-Sep-20191.0897
Dividend Weekly27-Mar-20202.0135

 06-Mar-20201.2531
 28-Feb-20200.4380
 20-Feb-20200.7253
 14-Feb-20200.8989
 07-Feb-20201.3226
 31-Jan-20200.8645
 24-Jan-20200.9914
 17-Jan-20200.6583
 10-Jan-20201.0067
 03-Jan-20201.1036
 27-Dec-20190.6576
 20-Dec-20190.7942
 13-Dec-20190.9835
 06-Dec-20190.3879
 29-Nov-20191.0843
 22-Nov-20191.0468
 15-Nov-20191.1876
 08-Nov-20190.6992
 01-Nov-20191.0918
 25-Oct-20191.0001
 18-Oct-20191.4622
 11-Oct-20191.2086
 04-Oct-20191.6829
 27-Sep-20191.0897

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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