November 24, 2025
RA Jainee
SBI Magnum Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 70.4136
NAV IDCW Quarterly: Rs 22.4729
Suitable For Which Investors?
This is a fund that invests mainly in bonds issued by the government of India. 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 aims to generate returns through investments in government securities. It will normally maintain an average maturity of more than three 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 Gilt Fund
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 9.00% |
| Benchmark | NIFTY All Duration G-Sec Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | ₹ 11,055 Cr |
| (As on 31-Oct-2025) | |
| Expense | 0.46% |
| (As on 31-Oct-2025) | |
| Risk Grade | Average |
| Return Grade | Above Average |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Magnum Gilt Dir | 4.93 | -0.11 | -0.4 | 1.64 | -1 | 6.04 | 7.82 | 6.25 | 8.4 | 8.3 |
| CCIL All Sovereign Bond – TRI* | 5.01 | 0.03 | -0.6 | 1.43 | -1 | 6.13 | 8.25 | 5.84 | 8.18 | 7.8 |
| Debt: Gilt* | 4.39 | -0.11 | -0.6 | 1.28 | -1.4 | 5.44 | 7.38 | 5.65 | 7.66 | 7.6 |
| Rank within category* | 9 | 11 | 10 | 4 | 9 | 9 | 4 | 2 | 3 | 3 |
| Number of funds in category* | 23 | 27 | 27 | 26 | 25 | 23 | 22 | 20 | 20 | 20 |
Peer Comparison of SBI Magnum Gilt 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 Gilt Dir | 4 star | 6.04 | 7.82 | 6.25 | 0.46 | 11,055 | 9.00 | — | 12Y 10M |
| ICICI Pru Gilt Dir | 5 star | 7.62 | 8.25 | 6.70 | 0.57 | 9,146 | 8.56 | — | 12Y 10M |
| HDFC Gilt Dir | 4 star | 6.20 | 7.52 | 5.45 | 0.46 | 2,945 | 7.54 | — | 12Y 10M |
| Baroda BNP Paribas Gilt Dir | 5 star | 6.56 | 7.97 | 5.68 | 0.14 | 1,342 | 7.74 | — | 12Y 10M |
| Tata GSF Dir | 4 star | 6.26 | 7.73 | 5.66 | 0.27 | 1,339 | 7.93 | — | 12Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 14 | 16 |
| Macaulay Duration (yrs) | 8.75 | 8.35 |
| Average Maturity (yrs) | 16.38 | 17.83 |
| Yield to Maturity (%) | 6.93 | 6.89 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For SBI Magnum Gilt Fund
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