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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
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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(₹)
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 1.47 0.01 0.08 0.27 0.93 1.65 4.13 6.65 6.75 7.23 7.84
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 4.62
Debt: Ultra Short Duration 1.48 0.01 0.12 0.31 0.95 1.65 3.91 5.57 5.93 6.62 7.66
Rank within category 12 3 11 15 13 13 8 4 4 5 6
Number of funds in category 27 28 28 28 27 27 26 17 14 14 12

As on 11-Jun-2021

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 4.13 6.65 6.75 0.49 12,864
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
 Nov-01 5.45 7.30 7.41 0.51 18,100
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 4.68 -- -- 0.64 16,735
Kotak Savings Fund Regular Plan  | Invest Online
4 star
 Aug-04 4.10 6.49 6.73 0.77 11,759
ICICI Prudential Ultra Short Term Fund  | Invest Now
4 star
 May-11 5.62 7.13 7.37 0.97 9,949

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 6.51 0.69 3.19 5.74 1.34 3.25
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Ultra Short Duration 5.41 1.70 1.57 2.93 1.16 2.01
Rank within category 4 3 3 2 11 3
Number of funds in category 16 16 16 16 16 16

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 55 78 43 41
Modified Duration (yrs) 0.33 0.50 0.33 0.33
Average Maturity (yrs) 0.46 0.55 0.41 0.38
Yield to Maturity (%) 3.74 4.17 3.50 3.75
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
new National Housing Bank 95-D 30/08/2021 Commercial Paper A1+ 0.00 - 6.55 6.55
new Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 5.74 5.74
equal 6.32% REC 31/12/2021 Debenture AAA 4.76 - 7.57 4.92
equal HDFC 28/10/2021 Commercial Paper A1+ 0.00 - 5.43 3.83
equal Ultratech Cement 314-D 09/03/2022 Commercial Paper A1+ 0.00 - 3.92 3.77
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 4.61 3.20
down 8.79% GOI 2021 Central Government Loan SOV 0.00 - 5.72 3.18
equal Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 4.39 3.09
equal M&M Financial Services 23/07/2021 Debenture AAA 0.00 - 4.25 2.99
equal Export-Import Bank 2021 Certificate of Deposit A1+ 2.54 - 4.14 2.91
equal Export-Import Bank 245-D 16/06/2021 Certificate of Deposit A1+ 0.00 - 3.86 2.72
equal 9.05% Madhya Pradesh State 19/10/2021 State Development Loan SOV 0.00 - 2.49 2.38
equal National Bank Agr. Rur. Devp 180-D 30/06/2021 Commercial Paper A1+ 0.00 - 3.30 2.33
equal 5.54% Madhya Pradesh State 15/10/2021 State Development Loan SOV 0.00 - 3.31 2.31
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 3.26 2.30
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 2.18 2.08
new Reserve Bank of India 91-D 26/08/2021 Treasury Bills SOV 0.00 - 1.93 1.93
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.60 1.81
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA+ 0.00 - 2.11 1.78
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.82 - 2.53 1.77
equal 6.10% Karnataka State 2021 State Development Loan SOV 0.00 - 2.43 1.69
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 1.73 1.65
new 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 1.57 1.57
new 5.18% Sundaram Finance 26/08/2022 Zero Coupon Bonds AAA 0.00 - 1.56 1.56
equal Shriram Transport Finance 68-D 30/06/2021 Commercial Paper A1+ 0.00 - 1.61 1.55

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-May-2021

Fund Manager

— Rajeev Radhakrishnan since 16-Jul-2010

Invest Online
0.01%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 4,708.7864

IDCW Weekly: ₹ 1,141.2477

More

IDCW Daily: ₹ 1,773.1889

Automatic Reinvestment: ₹ 1,141.1126

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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 21-May-1999
Return Since Launch: 7.27%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 12,864 Cr (As on 31-May-2021)
Expense: 0.49% (As on 30-Apr-2021)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW 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
IDCW 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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