SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly - Latest NAV[1131.94], MF Performance & Returns 2022

Name: SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly
Brand: SBI Mutual Fund
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SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly
Debt
Low Duration
Moderate Risk
Payout
6.47%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 21 Jan 2022₹1,131.94
Min. SIP amountNA
Rating3
Fund size₹11,485.78Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Low Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.9%6.5%6.8%7.7%
Category average5.6%4.8%5.7%NA
Rank with in category201010NA
Understand terms
Holdings (67)NameSectorInstrumentAssets
GOI
SovereignGOI Sec8.7%
GOI
SovereignCGL4.4%
Axis Bank Ltd.
FinancialCD2.6%
Cholamandalam Investment & Finance Company Ltd.
FinancialCP2.6%
GOI
SovereignGOI Sec2.2%
National Bank For Agriculture & Rural Development
FinancialDebenture2.2%
Mahindra & Mahindra Financial Services Ltd.
FinancialDebenture2.2%
Nabha Power Ltd.
EngineeringCP2.2%
Axis Bank Ltd.
FinancialCD2.1%
L&T Finance Ltd.
FinancialCP2.1%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Low Duration
Pros
3Y and 5Y annualised returns higher than category average
Higher alpha: 3.59
The fund has generated returns higher than benchmark - NIFTY Low Duration Debt TRI - in the last 3Y 
Exit load is zero
Lower expense ratio: 0.96%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
Cons
1Y annualised returns lower than category average by 1.73%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Dec 2021 - Present
0.96%
30 Nov 2021 - 31 Dec 2021
0.40%
31 Oct 2021 - 30 Nov 2021
0.40%
31 Aug 2021 - 31 Oct 2021
0.40%
31 Jul 2021 - 31 Aug 2021
0.39%
30 Jun 2021 - 31 Jul 2021
0.39%
31 May 2021 - 30 Jun 2021
0.39%
30 Apr 2021 - 31 May 2021
0.39%
31 Mar 2021 - 30 Apr 2021
0.40%
28 Feb 2021 - 31 Mar 2021
0.40%
31 Jan 2021 - 28 Feb 2021
0.40%
31 Dec 2020 - 31 Jan 2021
0.40%
30 Nov 2020 - 31 Dec 2020
0.40%
31 Oct 2020 - 30 Nov 2020
0.40%
30 Sep 2020 - 31 Oct 2020
0.39%
31 Aug 2020 - 30 Sep 2020
0.40%
31 Jul 2020 - 31 Aug 2020
0.40%
30 Jun 2020 - 31 Jul 2020
0.40%
31 May 2020 - 30 Jun 2020
0.39%
30 Apr 2020 - 31 May 2020
0.39%
31 Mar 2020 - 30 Apr 2020
0.41%
29 Feb 2020 - 31 Mar 2020
0.40%
31 Jan 2020 - 29 Feb 2020
0.41%
31 Dec 2019 - 31 Jan 2020
0.41%
30 Nov 2019 - 31 Dec 2019
0.41%
31 Oct 2019 - 30 Nov 2019
0.41%
30 Sep 2019 - 31 Oct 2019
0.41%
31 Aug 2019 - 30 Sep 2019
0.41%
31 Jul 2019 - 31 Aug 2019
0.41%
30 Jun 2019 - 31 Jul 2019
0.40%
31 May 2019 - 30 Jun 2019
0.40%
30 Apr 2019 - 31 May 2019
0.52%
31 Mar 2019 - 30 Apr 2019
0.52%
28 Feb 2019 - 31 Mar 2019
0.36%
31 Jan 2019 - 28 Feb 2019
0.36%
31 Dec 2018 - 31 Jan 2019
0.36%
30 Nov 2018 - 31 Dec 2018
0.37%
31 Oct 2018 - 30 Nov 2018
0.37%
30 Sep 2018 - 31 Oct 2018
0.37%
31 Aug 2018 - 30 Sep 2018
0.36%
31 Jul 2018 - 31 Aug 2018
0.39%
30 Jun 2018 - 31 Jul 2018
0.39%
31 May 2018 - 30 Jun 2018
0.33%
30 Apr 2018 - 31 May 2018
0.33%
31 Mar 2018 - 30 Apr 2018
0.33%
28 Feb 2018 - 31 Mar 2018
0.33%
31 Jan 2018 - 28 Feb 2018
0.33%
31 Dec 2017 - 31 Jan 2018
0.33%
30 Nov 2017 - 31 Dec 2017
0.33%
31 Oct 2017 - 30 Nov 2017
0.33%
Expense ratio, exit load and taxExpense ratio: 0.96%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA
Fund managementRajeev Radhakrishnan
Jan 2013 - Present
View details
Education
Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.
Experience
Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
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Fund house & investment objective
SBI Mutual Fund
Rank (total assets)#1 in India
Total AUM₹4,99,821.43Cr
Date of Incorporation29 Jun 1987
 SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made avail
 SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly fund. The fund currently has an Asset Under Management(AUM) of ₹4,99,821 Cr and the Latest NAV as of 21 Jan 2022 is ₹1,131.94.
The SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly is rated Moderate risk. Minimum SIP Investment is set to 500.
...Read more
Investment Objective
The scheme seeks to provide investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and mo
The scheme seeks to provide investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.
...Read more
Fund benchmarkNIFTY Low Duration Debt TRI
Scheme Information Document(SID)
Fund house contact details
Address
9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone
022 - 61793000
Launch Date
29 Jun 1987
E-mail
[email protected]
Website
NA
SBI Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
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FAQsHow to Invest in SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly
You can easily invest in SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account
 Search for SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly from the search box 
 In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
 Once you are done with that, you can start investing in SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly provide?
The SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly has been there from 01 Jan 2013 and the average annual returns provided by this
fund is 3.87% since its inception.
How much expense ratio is charged by SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly?
The term Expense Ratio used for SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. 

The Expense Ratio of SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly is 0.96% as of 23 Jan 2022...
What is the AUM of SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly?
The AUM, short for Assets Under Management of SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly is ₹11,485.78Cr as of 23 Jan 2022.
How to Redeem SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly?
If you want to sell your SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly holdings, go to your holding on the app or
web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your
desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.
Can I invest in SIP and Lump Sum of SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly?
You can select either SIP  or Lumpsum  investment of SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly based on your investment objective and risk tolerance.
What is the NAV of SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly?
The NAV of SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly is ₹1,131.94 as of 21 Jan 2022.
What is the PE and PB ratio of SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly?
The PE ratio ratio of SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).
	1Y	3Y	5Y	All
Fund returns	3.9%	6.5%	6.8%	7.7%
Category average	5.6%	4.8%	5.7%	NA
Rank with in category	20	10	10	NA
Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	8.7%
GOI	Sovereign	CGL	4.4%
Axis Bank Ltd.	Financial	CD	2.6%
Cholamandalam Investment & Finance Company Ltd.	Financial	CP	2.6%
GOI	Sovereign	GOI Sec	2.2%
National Bank For Agriculture & Rural Development	Financial	Debenture	2.2%
Mahindra & Mahindra Financial Services Ltd.	Financial	Debenture	2.2%
Nabha Power Ltd.	Engineering	CP	2.2%
Axis Bank Ltd.	Financial	CD	2.1%
L&T Finance Ltd.	Financial	CP	2.1%
Rating	3
Fund size	₹11,485.78Cr