November 8, 2022
mayank
SBI Magnum Medium Duration Fund
NAV Growth: Rs 44.4156
NAV IDCW Quarterly: Rs 17.2651
Suitable For Which Investors?
“Medium Duration debt funds invest mainly in bonds maturing in about three to four 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 do not guarantee returns or safety of capital.
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 attractive returns with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years – 4 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 8% of the investment, 1.5% will be charged for redemption within 365 days |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 9.11% |
| Benchmark | NIFTY Medium Duration Debt Index C-III |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 8,969 Cr |
| (As on 31-Oct-2022) | |
| Expense Ratio | 0.69% |
| (As on 30-Sep-2022) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
SBI Magnum Medium Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Magnum Medium Duration Dir | 2.46 | 0.1 | 0.56 | 1.24 | 3.22 | 3.01 | 7.03 | 7.61 | 8.84 | — |
| VR Bond | 2.01 | 0.08 | 0.53 | 1.2 | 2.93 | 2.46 | 4.25 | 5.25 | 5.85 | — |
| Debt: Medium Duration | 3.28 | 0.08 | 0.54 | 1.06 | 3.9 | 3.86 | 5.62 | 6.15 | 7.03 | — |
| Rank within category | 6 | 3 | 10 | 7 | 6 | 7 | 4 | 2 | — | — |
| Number of funds in category | 16 | 16 | 16 | 16 | 16 | 16 | 14 | 12 | 11 | 0 |
SBI Magnum Medium Duration 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 Medium Duration Dir | 4 star | 3.01 | 7.03 | 7.61 | 0.69 | 8,969 | 9.11 | 1.50 (365) | 9yrs 10mo |
| ICICI Pru Medium Term Bond Dir | 5 star | 4.20 | 7.53 | 7.32 | 0.76 | 6,314 | 8.54 | 1.00 (365) | 9yrs 10mo |
| Kotak Medium Term Dir | 4 star | 3.55 | 6.41 | 6.43 | 0.57 | 1,928 | 8.40 | — | 8yrs 7mo |
| ABSL Medium Term Dir | 5 star | 24.61 | 11.19 | 8.36 | 0.81 | 1,613 | 9.59 | 2.00 (365) | 9yrs 10mo |
| Axis Strategic Bond Dir | 4 star | 4.03 | 7.23 | 7.17 | 0.39 | 1,570 | 8.61 | 1.00 (365) | 9yrs 10mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 53 | 36 |
| Modified Duration (yrs) | 2.87 | 2.59 |
| Average Maturity (yrs) | 3.98 | 3.84 |
| Yield to Maturity (%) | 7.55 | 7.45 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For SBI Magnum Medium Duration Fund
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