November 8, 2022
mayank
SBI Magnum Ultra Short Duration Fund
NAV Growth: Rs 5,019.1884
NAV IDCW Weekly: Rs 1,208.0738
NAV IDCW Daily: Rs 1,876.8009
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments.
Fund Manager:
1) R Arun
Education: Mr. Arun is a B.Com (H), PGDM (Finance) and Financial Risk Manager (GARP).
Experience: Prior joining SBI in 2009 he has worked with ING Investment Management, Deutsche Bank India Operations and CRISIL India.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 5,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.16% |
| Benchmark | CRISIL Ultra Short Duration Fund BI Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 11,433 Cr |
| (As on 31-Oct-2022) | |
| Expense Ratio | 0.29% |
| (As on 30-Sep-2022) | |
| Risk Grade | Above Average |
| Return Grade | Average |
SBI Magnum Ultra Short Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Magnum Ultra SD Dir | 3.58 | 0.05 | 0.43 | 1.3 | 2.51 | 4.14 | 4.7 | 6.05 | 6.41 | — |
| CCIL T Bill Liquidity Weight | 1.9 | 0.01 | 0.25 | 0.69 | 1.35 | 2.22 | 2.52 | 3.21 | 3.55 | — |
| Debt: Ultra Short Duration | 3.74 | 0.05 | 0.46 | 1.35 | 2.58 | 4.32 | 4.86 | 5.55 | 6.2 | — |
| Rank within category | 20 | 22 | 21 | 19 | 19 | 20 | 12 | 4 | 8 | — |
| Number of funds in category | 26 | 26 | 26 | 26 | 26 | 26 | 22 | 13 | 13 | 0 |
SBI Magnum Ultra Short 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 Ultra SD Dir | 3 star | 4.14 | 4.70 | 6.05 | 0.29 | 11,433 | 7.16 | — | 9yrs 10mo |
| ABSL Svngs Dir | 4 star | 4.51 | 5.34 | 6.41 | 0.34 | 14,075 | 7.75 | — | 9yrs 10mo |
| HDFC Ultra ST Dir | 4 star | 4.34 | 5.06 | — | 0.34 | 12,810 | 6.07 | — | 4yrs 1mo |
| ICICI Pru Ultra ST Dir | 5 star | 4.63 | 5.63 | 6.69 | 0.39 | 12,245 | 8.12 | — | 9yrs 10mo |
| Nippon Ind Ultra SD Dir | 5 star | 5.06 | 6.64 | 5.88 | 0.38 | 4,915 | 7.07 | — | 9yrs 10mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 63 | 42 |
| Modified Duration (yrs) | 0.44 | 0.36 |
| Average Maturity (yrs) | 0.47 | 0.39 |
| Yield to Maturity (%) | 6.76 | 6.75 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For SBI Magnum Ultra Short Duration 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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