SBI Magnum Income Fund Direct Growth
- 9.09%
- (+0.03)58.7912
Min amount: ₹1,000
Calculate Returns
₹0 in a period of 20 years
- Fund Summary
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Fund Summary
| Period | Returns(per year) |
|---|---|
| 10 Years | -- |
| 5 Years | 9.09% |
| 3 Years | 10.07% |
| 1 Year | 6.05% |
| 6 Months | 3.3% |
| Fund Details | |
|---|---|
| ISIN | INF200K01SR2 |
| Risk | Moderate Risk |
| Fund Type | Medium to Long Duration |
| NAV | 58.7912 |
| Exit Load | 1% for 365 Days |
More about this fund
| Top Holdings | Weightage |
|---|---|
| Treps | 15.22% |
| 182 DTB 25112021 | 11.31% |
| GOVT STOCK | 9.75% |
| Net Receivable / Payable | 7.51% |
| Embassy Office Parks Reit | 4.25% |
| Allahabad Bank | 4.09% |
| Tata Realty And Infrastructure Limited | 4.06% |
| Coastal Gujarat Power Limited | 3.62% |
| Ahmedabad-Maliya Tollway Limited | 3.44% |
| Mahindra Rural Housing Finance Limited | 3.4% |
About SBI Magnum Income Fund - Direct Plan - Growth
SBI Magnum Income Fund - Direct Plan - Growth aims to give regular income by investing in a mix of government securities and money market instruments. The fund manager invests in a portfolio of medium and long duration bonds, and makes use of interest rate movements to generate maximum return.
Pros and Cons of SBI Magnum Income Fund - Direct Plan - Growth
The SBI Magnum Income Fund - Direct Plan - Growth invests in a mix of medium and long duration government bonds and money market instruments. The fund manager focuses on favourable interest rate movements, to get a higher return from long-duration government securities. On the flip side, the fund is riskier as compared to liquid funds.
Fund Information and Statistics
i) Inception/Launch Date
The SBI Magnum Income Fund was launched on 01 January 2013.
ii) Risk Level
The SBI Mutual Fund has categorised SBI Magnum Income Fund as a 'moderate' risk fund.
iii) Redemption
The SBI Magnum Income Fund is open-ended and can be redeemed at any time.
iv) Fund Manager
Mr Dinesh Ahuja is the current fund manager of the SBI Magnum Income Fund.
v) Entry/Exit Load
There is no entry load as per Securities and Exchange Board of India (SEBI) norms. Units more than 10%, when redeemed within twelve months from the date of investment, are processed at an exit load of 1%. No exit load applies for redemptions after twelve months.
About SBI Mutual Fund
SBI Mutual Fund was established as a joint venture between State Bank of India and AMUNDI of France, and is one of the largest AMCs in India. The fund house has SBI Mutual Fund Trustee Company Private Limited as the trustee and State Bank of India as the sponsor, and has registered with SEBI way back in 1987. The fund has a whopping Rs 3.64 lakh crore of total assets under management (AUM) as of June 2020.
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Min amount: ₹1,000
Calculate Returns
₹0 in a period of 20 years
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