Fund Details
SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly
| Risk | Moderate |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.39% |
| NAV | ₹1107.25 (23 Jun 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹13,286 Cr |
Returns
Comparison
1. Lower expense ratio - 0.39%
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
4. Exit load is zero
1. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Export-Import Bank Of India | Financial | CD | 8.3% |
| GOI | Sovereign | GOI Sec | 7.6% |
| Reserve Bank of India | Financial | T-Bills | 6.3% |
| GOI | Sovereign | GOI Sec | 4.2% |
| GOI | Sovereign | CGL | 3.9% |
| Housing & Urban Development Corpn. Ltd. | Financial | CP | 2.6% |
| Axis Bank Ltd. | Financial | CD | 2.5% |
| Housing Development Finance Corpn. Ltd. | Financial | Debenture | 2.3% |
| Indusind Bank Ltd. | Financial | CD | 2.3% |
| GOI | Sovereign | GOI FRB | 2.2% |
Fund Managers
SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly Details
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 01 Jan 2013. 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 ₹13,286 Cr and the Latest NAV as of 23 Jun 2021 is ₹1107.25.
The SBI Magnum Low Duration Fund Direct Plan IDCW Fortnightly is rated Moderate risk. Minimum SIP Investment is set to 500.
Investment Objective
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.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
