November 24, 2025
RA Jainee
SBI Magnum Constant Maturity Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 67.3372
NAV IDCW Monthly: Rs 21.9036
Suitable For Which Investors?
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.
Fund’s 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.
Fund Manager:
1) Sudhir Agrawal
Education: Mr.Sudhir Agrawal is a M.Com, PGDBA (Finance) and a CFA.
Experience: Prior to joining SBI MF he has worked with UTI MF, TATA Asset Management Ltd., Tramp Value Pvt. Ltd. and CARE Ratings.
Investment Details
| Min. Investment (₹) | 5,000 |
| Min. Addl Investment (₹) | 1,000 |
| Min. SIP Investment (₹) | 500 |
| Min. Withdrawal (₹) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (₹) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of SBI Magnum Constant Maturity Fund
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.78% |
| Benchmark | NIFTY 10 yr Benchmark G-Sec Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | ₹ 1,862 Cr |
| (As on 31-Oct-2025) | |
| Expense | 0.31% |
| (As on 31-Oct-2025) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Magnum Constant Maturity Dir | 6.76 | -0.04 | 0.27 | 1.79 | 0.50 | 8.00 | 8.25 | 5.77 | 7.98 | 8.31 |
| CCIL All Sovereign Bond – TRI* | 5.01 | 0.03 | -0.55 | 1.43 | -0.98 | 6.13 | 8.25 | 5.84 | 8.18 | 7.84 |
| Debt: Gilt with 10 year Constant Duration* | 6.90 | -0.07 | 0.22 | 1.69 | 0.55 | 8.14 | 8.32 | 5.55 | 8.03 | 8.06 |
| Rank within category* | 4 | 2 | 2 | 2 | 4 | 4 | 4 | 2 | 3 | 3 |
| Number of funds in category* | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 |
Peer Comparison of SBI Magnum Constant Maturity Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| SBI Magnum Constant Maturity Dir | Unrated | 8.00 | 8.25 | 5.77 | 0.31 | 1,862 | 8.78 | — | 12Y 10M |
| ICICI Pru Constant Maturity Gilt Dir | Unrated | 8.56 | 8.46 | 5.86 | 0.25 | 2,586 | 8.80 | — | 11Y 2M |
| SBI Nifty 10Y Benchmark G-Sec ETF | Unrated | 7.87 | 8.20 | 5.06 | 0.14 | 3,277 | 6.29 | — | 9Y 5M |
| ICICI Pru Nifty 10 yr Benchmark G-Sec ETF | Unrated | 7.78 | — | — | 0.14 | 578 | 7.78 | — | 2Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 3 | 5 |
| Macaulay Duration (yrs) | 7.12 | 7.11 |
| Average Maturity (yrs) | 9.63 | 9.65 |
| Yield to Maturity (%) | 6.76 | 6.69 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For SBI Magnum Constant Maturity Fund
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