SBI Magnum Constant Maturity Fund Direct Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Fund Type||10 yr Government Bond|
More about this fund
|7.26% Govt Stock 2029||48.09%|
|6.19% Govt Stock 2034||24.55%|
|5.77% GOI 2030||16.44%|
|7.57% Govt Stock 2033||4.59%|
|7.17% Govt Stock 2028||3.2%|
|5.85% Govt Stock 2030||1.19%|
|6.45% Govt Stock 2029||0.61%|
About SBI Magnum Constant Maturity Fund - Direct Plan - Growth
SBI Magnum Constant Maturity Fund - Direct Plan - Growth aims to offer capital growth in the long-run, by investing in a portfolio of government securities, with an average maturity of 10 years or more. The fund manager makes use of favourable interest rate movements to generate maximum return for the investors.
Pros and Cons of SBI Magnum Constant Maturity Fund - Direct Plan - Growth
The SBI Magnum Constant Maturity Fund - Direct Plan - Growth has a bulk of the portfolio in government securities. It is a safe investment and has the backing of the Government. On the flip side, the returns of the fund are influenced by interest rate movements.
Fund Information and Statistics
i) Inception/Launch Date
SBI Magnum Constant Maturity Fund was launched on 01 January 2013.
ii) Risk Level
SBI Mutual Fund has put SBI Magnum Constant Maturity Fund under 'moderate risk' category. It is riskier as compared to liquid funds.
As SBI Magnum Constant Maturity Fund is open-ended, the investment can be redeemed at any time.
iv) Fund Manager
Mr Dinesh Ahuja is the current fund manager of SBI Magnum Constant Maturity Fund.
v) Entry/Exit Load
There is no entry load as per the mandate of Securities and Exchange Board of India (SEBI). The fund has no exit load.
About SBI Mutual Fund
SBI Mutual Fund is one of the largest mutual funds by asset size in India. It was started as a joint venture between State Bank of India and AMUNDI of France. The fund house counts SBI Mutual Fund Trustee Company Private Limited as the trustee. It has State Bank of India as its sponsor. The fund was registered with SEBI in 1987. The fund has a massive total assets under management (AUM), of Rs 3.64 lakh crore as of June 2020.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns