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SBI Magnum Low Duration Fund

Fund Manager
  • Mr. Rajeev Radhakrishnan

    Managing this fund since Jun 2008.

    Total experience 17 years .

    • Category
      DEBT
    • AUM ():
      9420.7 Cr as on 31 May 2018
    • Risk
      MODERATELY LOW
      riskometer
      • Regular income for short term
      • Investment in money market instruments
    • Benchmark
      Crisil Liquid Fund Index
    • Exit Load
      Read more
    • Type of Scheme
      Read more
    • Launch Date
      July 27, 2007
    Returns

    as onMay 31, 2018

    7.8%

    * for Regular Growth

    Min Lumpsum ()

    5000000 & in multiples of 1

    Min Additional Lumpsum ()

    1000000 & in multiples of 1

    Investment Objective

    To provide investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.

    Investment Strategy

    The scheme will invest its corpus in the entire range of debt and money market securities in line with the investment objective to provide attractive risk-adjusted returns to its investors through active management of credit risk and interest rate risk in its portfolio.

     

    Compounded Annualized Growth Rate Performance

    Last 1 Year Last 3 Year Last 5 Year Since Inception(27/07/2007)
    SBI Magnum Low Duration Fund - Reg Plan - Growth6.37%7.49%8.13%7.8%
    Crisil Liquid Fund Index
    6.88%7.25%8.03%7.48%
    Crisil 1 Yr T-Bill Index
    5.85%6.73%6.87%6.29%

    Current Value of Standard Investment of Rs 10,000

    Last 1 Year Last 3 Year Last 5 Year Since Inception(27/07/2007)
    SBI Magnum Low Duration Fund - Reg Plan - Growth 10637 12428.12 14784.65 22598.17
    Crisil Liquid Fund Index
    10688 12337.37 14714.31 21882.4
    Crisil 1 Yr T-Bill Index
    10585 12160.35 13945.04 19380.82
    Notes:
    • Different plans shall have different expense structure. In case of return calculated the dividend option, it is assumed that dividend declared under the schemes have been reinvested at the prevailing NAV
    • Past performance may or may not be sustained in future and same may not necessarily provide the basis for comparison with other investment
    • Load is not considered for computation of returns
    • Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement. In case, the start/end date of the concerned period is a non-business day, the NAV of the previous date is considered for computation of returns
    • The data of the last working day has been considered for the calculation of performance
    • Wherever TRI data since inception for benchmarks is not available, benchmark performance is calculated using composite of CAGR and TRI values of the benchmark
    • The performance of the schemes is benchmarked to the Total Return variant of the Index
    • To view other open ended funds managed by the fund manager go to the Fund Manager section
    as on
    Quantitative Data As on 31-May-2018
    Expense Ratio**: 0.43
    Modified Duration: 0.52
    Average Maturity: 0.53 years
    Yield To Maturity: 0.48

    **Expense ratio exclusive of Service Tax on Management Fees

    Portfolio Holdings

    As on  31/05/2018
    Stock Name (%) Of Total AUM
    HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 9.36
    POWER FINANCE CORPORATION LTD. 7.15
    AXIS BANK LTD. 6.73
    CITICORP FINANCE (INDIA) LTD. 5.80
    NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT 5.66
    RURAL ELECTRIFICATION CORPORATION LTD. 5.25
    RELIANCE INDUSTRIES LTD. 5.17
    INDIABULLS HOUSING FINANCE LTD. 5.15
    ICICI BANK LTD. 4.73
    NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT 3.64

    Sectoral Breakdown (in %)

    Enter Date
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