- Mutual Funds
- SBI Magnum Income Fund - Direct (G)
SBI Magnum Income Fund - Direct (G)
Medium to Long Duration Fund
- NAV 71.21 (0.01%)
- Fund Size (Cr) ₹1781.39
- Expense Ratio 0.78
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹5000
- Minimum Additional Investment ₹1000
- Minimum SIP Investment ₹500
- Minimum Withdrawal ₹500
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Exit Load
0%
- Return Since Launch 8.19%
Basic Details
Lokesh Mallya
CRISIL Medium to Long Duration Debt A-III Index
OPEN
Lumpsum Returns
Note: Lumpsum Returns since Inception Date.
SIP Returns
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
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Standard Deviation
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Beta
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0.47% -
Jension’s Alpha
-1.27%
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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SBI Magnum Income Fund - Direct (G)
- 1781.39
- 0.63%
- 2.74%
- 4.41%
- 8.55%
- 6.28%
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Kotak Bond Fund - Direct (G)
- 2058.84
- 0.76%
- 2.96%
- 4.75%
- 9.62%
- 6.30%
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Kotak Bond Fund - Direct (IDCW-Standard)
- 2058.84
- 0.76%
- 2.96%
- 4.75%
- 9.62%
- 6.30%
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Nippon India Income Fund - Direct (G)
- 337.75
- 0.73%
- 2.94%
- 4.57%
- 9.24%
- 6.52%
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Nippon India Income Fund - Direct (Bonus)
- 337.75
- 0.73%
- 2.94%
- 4.57%
- 9.24%
- 6.52%
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Nippon India Income Fund - Direct (IDCW-A)
- 337.75
- 0.73%
- 2.94%
- 4.57%
- 9.24%
- 4.79%
News
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SBI Mutual Fund announces change in Exit Load Structure
SBI Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 30 August 2024
Change in Exit Load:
Name of the Scheme Existing Exit Load Structure Revised Exit Load Structure SBI Magnum Medium Duration Fund For Exit Within 12 months from the date of amount:
For 8% of investment:NILL
For remaining investment: 1.5%For exit after 12 months from the date of allotment - Nil
For exit within 3 months from the date of allotment: 1% For exit after 3 months from the date of allotment - Nil
Powered by Capital Market - Live News
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SBI Mutual Fund launches Innovative Opportunities Fund
SBI Mutual Fund has launched its new open-ended equity scheme, SBI Innovative Opportunities Fund. The New Fund Offer (NFO) for the scheme opened on 29 July 2024 and will close on 12 August 2024.
The fund aims to generate long-term capital appreciation by primarily investing in equity and equity-related instruments of companies that demonstrate innovation in products, processes, or business models. At least 80% of the fund's assets will be invested in such innovative companies. Additionally, it may allocate 0-20% in equity and equity-related instruments of other companies, 0-20% in debt and money market instruments, and 0-10% in REITs and InvITs. Investments in foreign securities may constitute up to 35% of the net assets.
The fund will be actively managed by Prasad Padala and Pradeep Kesavan, with the Nifty 500 TRI serving as the benchmark. The minimum investment amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme carries an exit load of 1% if units are redeemed or switched out within one year from the date of allotment. No exit load is applicable after one year.
SBI Mutual Fund believes that innovative companies are poised for substantial growth, driven by supportive government initiatives like Startup India and the Atal Innovation Mission. By launching the SBI Innovative Opportunities Fund, the fund house aims to provide investors with a platform to participate in this exciting growth story.
Powered by Capital Market - Live News
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SBI Mutual Fund Announces Appointment of Key Personnel
SBI Mutual Fund has announced that Mr. Prasad Padala, Equity Research Analyst has been appointed as an Fund Manager on the Board of SBI Asset Management Company Limited with effect from 18th July 2024.
Details of Mr. Prasad Padala
Age: 39 years
Designation: Fund Manager
Qualification: B. Tech, MBA
Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
01-Jan-2013
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Total AUM (Cr)
₹1792.09
SBI Magnum Income Fund - Direct (G) is an Medium to Long Duration Fund-oriented fund from the renowned AMC, SBI Mutual Fund. Launched in Jan 2013, this fund is managed by Lokesh Mallya. With assets under management (AUM) worth ₹1792.09 (Cr), as of 06-Sep-2024, SBI Magnum Income Fund - Direct (G) is categorized as a Medium to Long Duration Fund within its segment. The fund has generated a return of 8.19% since its launch.
The current NAV of SBI Magnum Income Fund - Direct (G) is ₹71.21, as on 06-Sep-2024. The fund’s benchmark index is CRISIL Medium to Long Duration Debt A-III Index. You can invest in SBI Magnum Income Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
For exit within one year from the date of allotment for 10% of investment - Nil For exit after one Year from the date of allotment - 1.00%. For exit after one Year from the date of allotment - NIL.
The fund has generated 6.28% and 7.65% CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments , 93.91% in Debt and 6.09% in cash and cash equivalents
FAQs on SBI Magnum Income Fund - Direct (G)
SBI Magnum Income Fund - Direct (G) is a popular fund in the Medium to Long Duration Fund segment. The fund has generated a return of 8.19% since inception. Looking to invest in SBI Magnum Income Fund - Direct (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in SBI Magnum Income Fund - Direct (G) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, SBI Magnum Income Fund - Direct (G)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in SBI Magnum Income Fund - Direct (G) today and reap the benefits of this Medium to Long Duration Fund fund!
In the short term, i.e., 1 year, SBI Magnum Income Fund - Direct (G) has generated annualised return of 8.55%. In the long-term, the fund has generated 6.28% and 7.65% in 3 and 5 years respectively. Since its inception, the fund has generated 8.19% returns.
The expense ratio of SBI Magnum Income Fund - Direct (G) Direct Growth is 0.78%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of SBI Magnum Income Fund - Direct (G) is ₹1792.09 (Cr) as of 06 September 2024. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of SBI Magnum Income Fund - Direct (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from SBI Magnum Income Fund - Direct (G):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case SBI Magnum Income Fund - Direct (G)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Yes, you can invest both lumpsum and SIP in SBI Magnum Income Fund - Direct (G). Minimum lumpsum investment SBI Magnum Income Fund - Direct (G) is ₹5000 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of SBI Magnum Income Fund - Direct (G) is ₹71.21 as on 06 September 2024.
The 5 biggest stock holdings of SBI Magnum Income Fund - Direct (G) are:
Torrent Power (4.28%), Godrej Propert. (4.19%), Tata Housing (3.63%), Indostar Capital (3.28%), Avanse Fin. Ser. (3.07%)
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