November 24, 2025
RA Jainee
SBI Magnum Income Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 77.4926
Quarterly NAV IDCW: Rs 22.5089
Half Yearly NAV IDCW: Rs 21.9865
NAV Bonus: Rs 47.0029
Suitable For Which Investors?
Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.
Fund’s Investment Strategy:
The scheme seeks to provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years.
Fund Manager:
1) Mohit Jain
Education: Mr. Jain is B.E (Engineering) & CFA (Level III candidate)
Experience: Prior to joining SBI Mutual Fund, he has worked with Crisil Ltd. as a Research Analyst.
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 | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of SBI Magnum Income Fund
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.10% |
| Benchmark | CRISIL Medium to Long Duration Debt A-III Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | ₹ 2,171 Cr |
| (As on 31-Oct-2025) | |
| Expense | 0.77% |
| (As on 31-Oct-2025) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Magnum Income Dir | 6.33 | -0.06 | 0.13 | 1.72 | 0.91 | 7.21 | 8.00 | 6.31 | 8.18 | 8.17 |
| VR Bond* | 4.89 | 0.03 | -0.05 | 1.27 | 0.82 | 5.76 | 7.00 | 5.33 | 6.19 | 6.25 |
| Debt: Medium to Long Duration* | 6.10 | -0.07 | 0.04 | 1.54 | 0.70 | 7.04 | 7.67 | 5.99 | 7.16 | 7.10 |
| Rank within category* | 6 | 7 | 5 | 4 | 3 | 6 | 3 | 3 | 1 | 1 |
| Number of funds in category* | 14 | 14 | 14 | 14 | 14 | 14 | 13 | 13 | 13 | 13 |
Peer Comparison of SBI Magnum Income 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 Income Dir | 4 star | 7.21 | 8.00 | 6.31 | 0.77 | 2,171 | 8.10 | 1.00 (365) | 12Y 10M |
| ICICI Pru Bond Dir | 4 star | 7.47 | 8.09 | 6.27 | 0.64 | 2,890 | 8.09 | — | 12Y 10M |
| ABSL Income Dir | 2 star | 6.29 | 7.30 | 5.83 | 0.70 | 2,115 | 7.80 | — | 12Y 10M |
| Kotak Bond Dir | 3 star | 7.11 | 8.00 | 6.24 | 0.70 | 2,053 | 7.77 | — | 12Y 10M |
| HDFC Income Dir | 3 star | 6.78 | 7.7 | 5.75 | 0.8 | 915 | 7.23 | — | 12Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 28 | 28 |
| Macaulay Duration (yrs) | 5.64 | 5.98 |
| Average Maturity (yrs) | 9.42 | 10.95 |
| Yield to Maturity (%) | 7.31 | 6.96 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For SBI Magnum Income Fund
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