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Unrated

SBI Magnum Constant Maturity Fund


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India which will mature in 10 years or more. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharper ups and downs because of changes in interest rates.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.77 0.15 0.51 1.12 6.73 8.83 11.62 10.94 10.79 10.68 9.96
CCIL All Sovereign Bond - TRI 9.98 0.33 0.60 1.51 6.10 9.74 11.87 9.77 10.32 9.63 9.22
Debt: Gilt with 10 year Constant Duration 9.28 0.17 0.53 1.15 6.72 9.26 12.24 9.91 10.72 11.04 9.80
Rank within category 4 5 4 3 4 4 4 2 3 2 1
Number of funds in category 5 5 5 5 5 5 5 5 4 2 2

As on 08-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Magnum Constant Maturity Fund  | Invest Online
Unrated
Dec-00 11.62 10.94 10.79 0.64 685

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.63 (11-Dec-2008 - 18-Dec-2008) -5.08 (02-Jan-2009 - 09-Jan-2009)
Month 8.88 (18-Nov-2008 - 18-Dec-2008) -4.10 (02-Jan-2009 - 03-Feb-2009)
Quarter 13.48 (03-Oct-2008 - 02-Jan-2009) -4.31 (05-Jan-2009 - 06-Apr-2009)
Year 18.72 (11-Sep-2018 - 11-Sep-2019) -3.83 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.27 3.38 1.47 4.20 0.61 2.64
CCIL All Sovereign Bond - TRI 9.12 4.76 0.80 1.80 -- --
Debt: Gilt with 10 year Constant Duration 9.33 4.24 1.01 2.67 0.81 0.92
Rank within category 2 1 2 2 1 2
Number of funds in category 5 5 5 5 5 5

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 6 6 3 4
Modified Duration (yrs) 6.55 6.79 6.36 --
Average Maturity (yrs) 9.64 9.90 9.52 --
Yield to Maturity (%) 6.13 6.96 6.13 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.26% GOI 14/01/2029 GOI Securities SOV 23.57 - 66.45 41.63
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 29.85 27.61
equal 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 25.57 19.65
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.53 3.15
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 2.19 2.19
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 1.81 1.56

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-2020

Fund Manager

— Dinesh Ahuja since 25-Jan-2020

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:


0.15%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 48.6328

Dividend Monthly: ₹ 15.8171


Investment Strategy

The scheme seeks to provide returns to the investors generated through investments predominantly in Government securities issued by the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.

Investment Details

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 0

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 23-Dec-2000
Return Since Launch: 8.43%
Benchmark: CRISIL 10-Year Gilt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 685 Cr (As on 31-May-2020)
Expense: 0.64% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Feb-20200.0360

 31-Jan-20200.0360
 27-Dec-20190.0360
 29-Nov-20190.0360
 25-Oct-20190.0360
 27-Sep-20190.0360
 30-Aug-20190.0360
 26-Jul-20190.0360
 28-Jun-20190.0360
 31-May-20190.0360
 30-Apr-20190.0360
 29-Mar-20190.0360
 28-Feb-20190.0360
 31-Jan-20190.0360
 28-Dec-20180.0360
 30-Nov-20180.0360
 31-Oct-20180.0360
 28-Sep-20180.0360
 31-Aug-20180.0360
 31-Jul-20180.0432
 27-Apr-20180.0288
 23-Mar-20180.0289
 28-Feb-20180.0289
 31-Jan-20180.0433
 29-Dec-20170.0433

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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