SBI Magnum Income Fund Direct Growth - Regular - Latest NAV [ ₹57.7487 ], Returns, Performance, Portfolio & Returns 2021

SBI Magnum Income Fund Direct Growth

  • highlight
    9.59%
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    (+0.06)57.7487

Min amount: ₹1,000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 7.26 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years9.59%
3 Years9.98%
1 Year9.23%
6 Months2.25%
Fund Details
ISININF200K01SR2
RiskModerately High risk
Fund TypeMedium to Long Duration
NAV57.7487
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
7.26% Govt Stock 202910.25%
5.85% Govt Stock 20308%
L&T Metro Rail (Hyderabad) Limited4.36%
Embassy Office Parks Reit4.25%
Allahabad Bank4.09%
Tata Realty And Infrastructure Limited4.08%
Coastal Gujarat Power Limited3.68%
Ahmedabad-Maliya Tollway Limited3.49%
7.68% Govt Stock 20233.13%
Aadhar Housing Finance Limited3%

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

Rs. 1,000 invested monthly becomes Rs. 7.26 Lakhs in a period of 20 years
Moderately High risk

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