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SBI Magnum Ultra Short Duration Fund

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Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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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(₹)
cal
cal

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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 3.95 0.01 0.11 0.71 2.33 3.69 7.46 7.63 7.56 8.01 8.18
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 4.79
Debt: Ultra Short Duration 3.50 0.01 0.11 0.76 2.02 3.27 6.73 6.14 6.76 7.67 8.01
Rank within category 7 9 8 8 5 6 6 3 7 5 6
Number of funds in category 27 28 28 28 28 27 25 16 16 14 12

As on 14-Jul-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 7.46 7.63 7.56 0.49 9,750
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 8.17 7.83 8.18 0.45 11,830
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 7.34 7.33 7.58 0.78 9,189
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 7.55 -- -- 0.64 7,697
IDFC Ultra Short Term Fund - Regular Plan
4 star
 Jul-18 7.37 -- -- 0.42 5,768

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 7.38 0.45 4.59 15.32 0.63 2.85
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Ultra Short Duration 6.06 1.64 1.69 4.08 1.00 1.98
Rank within category 3 2 1 1 7 5
Number of funds in category 18 18 18 18 18 18

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 70 111 68 31
Modified Duration (yrs) 0.44 0.56 0.38 --
Average Maturity (yrs) 0.47 0.61 0.41 --
Yield to Maturity (%) 4.75 7.56 4.75 --

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 - 10.18 10.18
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 8.42 7.57
equal Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 7.15 7.15
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 1.19 - 5.02 4.40
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.23 - 4.44 3.93
new Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 3.70 3.70
equal Union Bank of India 24/02/2021 Certificate of Deposit A1+ 0.00 - 3.76 3.50
new Nabha Power 91-D 07/09/2020 Commercial Paper A1+ 0.00 - 3.05 3.05
equal LIC Housing Fin. 356-D 11/11/2020 Commercial Paper A1+ 0.00 - 3.37 3.03
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 3.39 3.03
new Bandhan Bank 21/09/2020 Certificate of Deposit A1+ 0.00 - 2.79 2.79
equal Axis Bank 29/12/2020 Certificate of Deposit A1+ 0.00 - 2.80 2.52
new Reserve Bank of India 91-D 17/09/2020 Treasury Bills SOV 0.00 - 2.14 2.14
new Tata Motors 91-D 02/09/2020 Commercial Paper A1+ 0.00 - 2.03 2.03
equal Tata Capital Financial Services 365-D 09/02/2021 Commercial Paper A1+ 0.00 - 2.20 1.99
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 0.00 - 2.20 1.98
equal 7.40% HDFC 17/11/2020 Non Convertible Debenture AAA 0.00 - 1.99 1.77
down 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 3.26 1.57
equal Union Bank of India 2020 Certificate of Deposit A1+ 0.00 - 1.64 1.52
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 1.67 1.50
new 6.57% LIC Housing Fin. 13/07/2021 Debenture AAA 0.00 - 1.30 1.30
equal 8.15% National Bank Agr. Rur. Devp 22/08/2022 Debenture AAA 0.00 - 1.86 1.29
equal 8.53% Power Finance Corp. 24/07/2020 Bonds/Debentures AAA 0.00 - 1.50 1.29
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 0.00 - 1.47 1.29
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 1.09 1.09

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

*As on 31-May-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 14-Jul-2020

Growth: ₹ 4,556.1464

Dividend Weekly: ₹ 1,104.2495

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Dividend Daily: ₹ 1,715.6809

Automatic Reinvestment: ₹ 1,104.2495

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 (₹) 2,000
Minimum No of Cheques 6
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: 7.43%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 9,750 Cr (As on 30-Jun-2020)
Expense: 0.49% (As on 31-May-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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