SBI Magnum Constant Maturity Fund

Value Research Rating

Unrated

Analyst’s Choice

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Riskometer

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Moderate

₹61.3090 -0.01%

As on 14-Feb-2025

Returns

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Calculate SIP Returns of SBI Magnum Constant Maturity Fund

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk

info

This fund has Moderate risk.

Low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of SBI Magnum Constant Maturity Fund

Asset Allocation

Split between different types of investments

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Credit Rating Weightage

Split between categories of Equity investments

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Peer Comparison

Fund name
Rating
VR Opinion
Risk info
Return (%)
Expense Ratio (%) info
SBI Magnum Constant Maturity Fund
Unrated
unlock fund advisor
Moderate
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0.64
Unrated
unlock fund advisor
Moderate
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0.39
Unrated
unlock fund advisor
Moderate
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0.14
Unrated
unlock fund advisor
Moderate
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0.14

Other details of SBI Magnum Constant Maturity Fund

Assets

info

₹1,800 Cr

Exit Load (Days)

info

--

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

500

Min. SIP Investment (₹)

500

Min. No of Cheques

12

BLAHBLAH

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.

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 sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • If investment is made before 1 April 2023:
    • Sold within 2 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate.
    • Sold after 2 years from the date of investment: Gains are taxed at the rate of 12.5%.
  • No tax is to be paid as long as you continue to hold the units.

Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.

Dividend Taxation

  • 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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FAQ for SBI Magnum Constant Maturity Fund

SBI Magnum Constant Maturity Fund is mandated to invest at least 80 per cent of its assets in bonds issued by the government of India, such that the duration of its portfolio is equal to 10 years.

Mutual funds can be bought directly from the website of the fund house. For instance, SBI Magnum Constant Maturity Fund fund can be purchased from the website of SBI Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of SBI Magnum Constant Maturity Fund is ₹61.3090 as of 15-Feb-2025.

The AUM of SBI Magnum Constant Maturity Fund Fund is ₹1,800 Cr as of 31-Jan-2025

The riskometer level of SBI Magnum Constant Maturity Fund is Moderate. See More

Company Percentage of Portfolio

GOI Sec 7.10 08/04/2034

70.55

GOI Sec 7.18 24/07/2037

25.99
See More

As of 31-Jan-2025, SBI Magnum Constant Maturity Fund had invested 96.54% in Debt and 3.46% in Cash & Cash Eq. See More

SBI Magnum Constant Maturity Fund is 24 years 1 months old. It has delivered 7.80% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
8.73%
6.35%
5.92%
7.68%
8.03%
7.80%

No, There is no lock in period in SBI Magnum Constant Maturity Fund.

The expense ratio of SBI Magnum Constant Maturity Fund is 0.64.