SBI Magnum Gilt Fund Regular Growth - Latest NAV, Returns, Performance & Portfolio

SBI Magnum Gilt Fund Regular Growth

  • highlight
  • highlight

Start your investment

Min amount: ₹500

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 6.55 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years9.55%
5 Years8.79%
3 Years8.56%
1 Year15.74%
6 Months4.77%
Fund Details
RiskModerate Risk
Fund TypeGovernment Bond
Exit Load--

More about this fundstar

Top HoldingsWeightage
91 DTB 260320207.77%
6.79% Govt Stock 20296.21%
07.57 CG SDL 20235.15%
7.26% Govt Stock 20293.48%
70 DCMB 170320202.59%
6.68% Govt Stock 20312.3%

About SBI Magnum Gilt Fund

The SBI Magnum Gilt Fund is an open-ended debt scheme. It seeks to generate regular income and capital growth in the medium to long-term by investing in government securities issued by the State and/or Central Governments.

Pros & Cons of SBI Magnum Gilt Fund

  1. The scheme invests in government securities which are considered to be free of credit risk. The fund manager will actively manage the interest risk to provide capital gains.
  2. As on September 30, 2018, the scheme is ranked 4 under CRISIL’s Gilt Fund category.
  3. Further, it has generated returns of 10.26% per year over the last 5 years and 6.09% per year over the last 10 years (as on January 04, 2019).

Fund Information and Statistics of SBI Magnum Gilt Fund

i) Inception / Launch date

The scheme was launched on 31 December 2000 by SBI Mutual Fund.

ii) Risk level

According to the asset allocation and investment objective of the scheme, it has a moderate risk-level associated with it.

iii) Redemption

The minimum redemption amount is Rs. 5,000 and in multiples of Re.1 thereafter. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager

Mr. Dinesh Ahuja is the Fund Manager of the SBI Magnum Gilt Fund since January 2011.

v) Entry / Exit load

There is no entry load or exit load in this scheme.

Tax benefits of investing in SBI Magnum Gilt Fund

The following taxes are applicable to income arising from investing in this scheme: 1. STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab. 2. LTCG component is taxed at 20% with indexation benefits.

About SBI Mutual Fund

SBI Mutual fund is formed by multiple investors who seek to invest on bonds, stock etc.The capital gains are registered with the Securities and Exchange Board of India (SEBI), and professional fund managers operate the funds and invest the fund capitals and attempts to produce capital gains.

Customer Reviewsstar

  • " Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "

    IT Developer, Bangalore
  • " I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "

    Software Engineer, Indore
  • " Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "

    Campus Manager, Bangalore

Invest Now in 3 Easy Stepsstar

  • 1
  • 2
  • 3

Why ClearTax Invest?

  • checkOur experts do all the research and offer only the BEST mutual funds
  • checkTrusted by Over 25 Lakh Indians
  • checkInvest in just 5 minutes
  • checkNo paperwork required
  • checkSimple and easy to use

Frequently Asked Questions

  • Read More

Start your investment

Min amount: ₹500

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 6.55 Lakhs in a period of 20 years
Moderate 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