Name: SBI Magnum Low Duration Fund Institutional IDCW Daily
Brand: SBI Mutual Fund

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SBI Magnum Low Duration Fund Institutional IDCW Daily
Debt
Low Duration
Moderate Risk
3.94%
1Y return
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 15 Sep 2021₹1,090.14
Min. SIP amountNA
Rating5star
Fund size₹13,242.93 Cr
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%6.6%6.7%7.7%
Category average5.6%4.8%5.7%NA
Rank with in categoryNANANANA
Understand termsinfo
Holdings (68)NameSectorInstrumentAssets
GOI
SovereignGOI Sec7.7%
Reserve Bank of India
FinancialT-Bills6.4%
Reserve Bank of India
FinancialT-Bills5.6%
GOI
SovereignCGL3.9%
Axis Bank Ltd.
FinancialCD2.6%
Housing Development Finance Corpn. Ltd.
FinancialDebenture2.3%
GOI
SovereignGOI FRB2.3%
Tata Motors Finance Solutions Pvt Ltd.
FinancialCP2.2%
Axis Bank Ltd.
FinancialCD2.2%
Cholamandalam Investment & Finance Company Ltd.
FinancialCP2.2%
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 consinfo
Category: Debt Low Duration
thumb_up_altPros
Age is more than 10 years
3Y Returns are higher than the category average returns
5Y Returns are higher than the category average returns
10Y Returns are higher than the category average returns
Exit load is zero
thumb_down_altCons
1Y Returns are lower than the category average returns
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 Mar 2021 - Present
0.94%
30 Sep 2020 - 31 Mar 2021
1.05%
31 Mar 2020 - 30 Sep 2020
1.03%
30 Sep 2019 - 31 Mar 2020
0.33%
31 Mar 2019 - 30 Sep 2019
0.50%
30 Sep 2018 - 31 Mar 2019
0.48%
31 Mar 2018 - 30 Sep 2018
0.47%
31 Dec 2017 - 31 Mar 2018
0.42%
30 Nov 2017 - 31 Dec 2017
0.43%
31 Oct 2017 - 30 Nov 2017
0.43%
Expense ratio, exit load and taxExpense ratio: 0.94%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 termsinfo
Check past data
Minimum investment amountsMin. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA
Fund managementRajeev Radhakrishnan
Jun 2008 - Present
View details
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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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SBI Dual Advantage Fund Series XXVII Regular IDCW
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SBI Dual Advantage Fund Series XXVIII Direct Growth
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Fund house & investment objective
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SBI Mutual Fund
Rank (total assets)#1 in India
Total AUM4,99,821.43 Cr
Date of Incorporation29 Jun 1987
SBI Magnum Low Duration Fund Institutional IDCW Daily is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to inve
SBI Magnum Low Duration Fund Institutional IDCW Daily 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 Institutional IDCW Daily fund. The fund currently has an Asset Under Management(AUM) of ₹4,99,821 Cr and the Latest NAV as of 15 Sep 2021 is ₹1,090.14.
The SBI Magnum Low Duration Fund Institutional IDCW Daily 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
descriptionScheme Information Document(SID)
Fund house contact details
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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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SBI Magnum Low Duration Fund Institutional IDCW Daily
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	1Y	3Y	5Y	All
Fund returns	3.9%	6.6%	6.7%	7.7%
Category average	5.6%	4.8%	5.7%	NA
Rank with in category	NA	NA	NA	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	7.7%
Reserve Bank of India	Financial	T-Bills	6.4%
Reserve Bank of India	Financial	T-Bills	5.6%
GOI	Sovereign	CGL	3.9%
Axis Bank Ltd.	Financial	CD	2.6%
Housing Development Finance Corpn. Ltd.	Financial	Debenture	2.3%
GOI	Sovereign	GOI FRB	2.3%
Tata Motors Finance Solutions Pvt Ltd.	Financial	CP	2.2%
Axis Bank Ltd.	Financial	CD	2.2%
Cholamandalam Investment & Finance Company Ltd.	Financial	CP	2.2%

Rating	5
Fund size	₹13,242.93 Cr