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SBI Magnum Ultra Short Duration Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

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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(₹)
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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 0.96 0.06 0.09 0.54 1.53 3.41 7.68 7.49 7.62 8.07 8.07
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Ultra Short Duration 0.76 0.05 0.09 0.52 1.31 2.98 6.51 6.19 6.98 7.85 7.96
Rank within category 7 6 10 8 7 5 5 4 8 8 7
Number of funds in category 28 29 29 28 27 26 24 17 17 15 13

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.41 (25-Apr-2000 - 02-May-2000) -0.14 (22-Oct-1999 - 29-Oct-1999)
Month 1.01 (09-Jul-1999 - 10-Aug-1999) 0.27 (30-Sep-2009 - 30-Oct-2009)
Quarter 2.71 (24-Jul-2013 - 23-Oct-2013) 0.85 (30-Sep-2009 - 30-Dec-2009)
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 7.24 0.41 3.83 12.48 1.03 3.22
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Ultra Short Duration 6.14 1.64 1.35 3.07 1.48 2.85
Rank within category 5 2 1 1 5 11
Number of funds in category 19 19 19 19 19 19

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 109 111 55 40
Modified Duration (yrs) 0.38 0.48 0.32 0.36
Average Maturity (yrs) 0.41 0.52 0.34 0.43
Yield to Maturity (%) 6.00 7.76 5.90 6.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Indusind Bank 15/06/2020 Certificate of Deposit A1+ 0.00 - 4.94 4.94
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 3.72 3.11
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 3.25 2.61
equal Bank of Baroda 22/05/2020 Certificate of Deposit A1+ 0.00 - 2.99 2.49
equal National Bank Agr. Rur. Devp 29/05/2020 Certificate of Deposit A1+ 0.00 - 5.97 2.48
equal 8.75% Muthoot Finance 24/06/2020 Debenture AA 0.00 - 2.47 2.17
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 2.12 2.12
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 2.34 2.07
equal LIC Housing Fin. 356-D 11/11/2020 Commercial Paper A1+ 0.00 - 2.33 2.06
equal Vedanta 88-D 07/02/2020 Commercial Paper A1+ 0.00 - 2.04 1.80
equal Ashok Leyland 189-D 27/03/2020 Commercial Paper A1+ 0.00 - 2.88 1.79
equal Andhra Bank 14/05/2020 Certificate of Deposit A1+ 0.00 - 3.23 1.78
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 2.78 1.72
new Axis Bank 29/12/2020 Certificate of Deposit A1+ 0.00 - 1.71 1.71
equal 8.15% National Bank Agr. Rur. Devp 22/08/2022 Debenture AAA 0.00 - 1.86 1.64
equal Axis Bank 25/05/2020 Certificate of Deposit A1+ 0.00 - 1.84 1.63
up 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 1.47 1.47
equal 7.90% L&T Infrastructre Finance 20/03/2020 Debenture AAA 0.00 - 1.65 1.45
equal John Deere Financial India 177-D 21/02/2020 Commercial Paper A1+ 0.00 - 2.31 1.44
equal 8.36% REC 22/09/2020 Debenture AAA 0.00 - 1.62 1.43
equal Tata Steel Long Products 84-D 12/03/2020 Commercial Paper A1+ 0.00 - 1.62 1.43
equal Equitas Small Finance Bank 24/03/2020 Certificate of Deposit A1+ 0.00 - 1.62 1.43
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 2.40 1.42
equal Reserve Bank of India 364-D 11/06/2020 Treasury Bills SOV 0.00 - 1.77 1.42
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 1.57 1.26

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-Jan-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:


0.06%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 4,425.1275

Dividend Weekly: ₹ 1,077.5805

More

Dividend Daily: ₹ 1,675.0300

Automatic Reinvestment: ₹ 1,077.5805


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 (₹) 1,000
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: 7.42%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 13,854 Cr (As on 31-Jan-2020)
Expense: 0.48% (As on 31-Jan-2020)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Automatic Reinvestment20-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
 20-Sep-20190.1980
 13-Sep-20190.8654
 06-Sep-20191.0311
Dividend Daily20-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
 31-Jan-20200.6630
 30-Jan-20200.1498
 29-Jan-20200.1571
 28-Jan-20200.1930
 27-Jan-20200.1804
 24-Jan-20200.5400
 23-Jan-20200.2822
 22-Jan-20200.3322
 21-Jan-20200.1794
 20-Jan-20200.2066
 17-Jan-20200.5394
 16-Jan-20200.2434
Dividend Weekly20-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
 20-Sep-20190.1980
 13-Sep-20190.8654
 06-Sep-20191.0311

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: 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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