SBI Magnum Low Duration Fund Direct Plan Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Fund Type||Low Duration|
More about this fund
|GOI Floating Rate Bond 2024||8.21%|
|7.32% Govt Stock 2024||4.12%|
|8.20% Govt Stock 2022||3.84%|
|364 DTB 07052021||3.69%|
|6.17% Govt Stock 2021||2.68%|
|6.18% Govt Stock 2024||2.28%|
|Housing Development Finance Corporation Limited||2.25%|
|Muthoot Finance Limited||1.92%|
|Power Grid Corporation of India Limited||1.89%|
|Mahindra & Mahindra Financial Services Limited||1.84%|
About SBI Magnum Low Duration Fund
SBI Magnum Low Duration Fund is an open-ended short-duration debt instruments. These instruments are chosen such that the Macaulay duration of the portfolio must be between 6 months and 12 months. The fund generates regular income with a reasonable level of liquidity.
Pros and Cons of SBI Magnum Low Duration Fund
SBI Magnum Low Duration Fund offers attractive risk-adjusted returns through active management of credit risk and interest rate risk in the portfolio. A zero exit load makes the fund much more attractive.
Fund Information and Statistics
i) Inception/Launch Date SBI Magnum Low Duration Fund was rolled out on 27 July 2007.
ii) Risk level The fund is suitable for investors with moderately low risk appetite.
iii) Redemption SBI Magnum Low Duration Fund has no lock-in period. Since there is no entry/exit load as well, your cost of redemption will not be high.
iv) Fund Manager Mr Rajeev Radhakrishnan has been managing the fund scheme since June 2008.
v) Entry/Exit Load Similar to no entry load, the SBI Magnum Low Duration Fund does not include an exit load.
About SBI Funds Management
Though SBI Mutual Fund was set up on 29 June 1987, the asset management company—SBI Funds Management Private Limited was incorporated on 7 February 1992. State Bank of India is the sponsor for the fund house and SBI Mutual Fund Trustee Company Private Limited is the trustee. The fund house offers approximately 61 schemes across categories.
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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