November 7, 2022
mayank
SBI Magnum Income Fund
NAV Growth: Rs 60.9927
NAV IDCW Quarterly: Rs 17.7163
NAV IDCW Half Yearly: Rs 17.3051
NAV Bonus: Rs 37.0162
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) Dinesh Ahuja
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.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 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
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.08% |
| Benchmark | CRISIL Medium to Long Duration Fund BIII Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 1,532 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 0.80% |
| (As on 30-Sep-2022) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
SBI Magnum Income Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Magnum Income Dir | 1.99 | 0.08 | 0.17 | 0.73 | 3.03 | 2.5 | 6.94 | 7.19 | 8.07 | — |
| VR Bond | 1.93 | -0.05 | 0.26 | 1.05 | 2.15 | 2.41 | 4.22 | 5.23 | 5.85 | — |
| Debt: Medium to Long Duration | 1.9 | 0.06 | 0.21 | 0.69 | 3.22 | 2.31 | 5.63 | 5.82 | 6.69 | — |
| Rank within category | 5 | 3 | 9 | 7 | 5 | 5 | 1 | 1 | 1 | — |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 0 |
SBI Magnum Income Fund Peer Comparison
| Fund name | 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 | 2.50 | 6.94 | 7.19 | 0.80 | 1,532 | 8.08 | 1.00 (365) | 9yrs 10mo |
| ICICI Pru Bond Dir | 4 star | 2.77 | 6.26 | 6.77 | 0.56 | 2,432 | 8.04 | — | 9yrs 10mo |
| ABSL Incm Dir | 4 star | 1.91 | 6.44 | 6.78 | 0.49 | 1,542 | 7.89 | — | 9yrs 10mo |
| Kotak Bond Dir | 3 star | 2.19 | 6.40 | 6.76 | 0.63 | 1,562 | 7.65 | — | 9yrs 10mo |
| IDFC Bond Incm Dir | 2 star | 0.11 | 4.79 | 6.05 | 1.32 | 528 | 7.85 | 1.00 (365) | 9yrs 10mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 16 | 19 |
| Modified Duration (yrs) | 3.89 | 3.91 |
| Average Maturity (yrs) | 6.05 | 5.96 |
| Yield to Maturity (%) | 7.19 | 7.22 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For SBI Magnum Income Fund
Apply Online: https://www.sbimf.com/en-us/quick-invest?action=panverification&SubBrokerCode=&EUIN=E455804&arn_code=ARN-245610&subbrokerARN=&utm_source=EasyLink
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