Item: SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal
Rating: 4
Author: Morningstar

Home › Mutual Funds › SBI Mutual Fund › SBI Magnum Income Fund Direct Quarterly Reinvestment of Income Distribution cum capital withdrawal

18.837 (0.030%)

NAV on June 01, 2023

Category Fixed income:
Medium to Long Duration

Interest rate sensitivity
Credit quality

Moderate Sensitivity High Quality

Total Assets 1,586 cr

Turnover Ratio 150.68%

Expense Ratio

Exit Load 1.00%if redeemed within
1 Years0.00%if redeemed after 1 Years

Returns

1M: 1.25%
1Y: 9.47%
3M: 3.88%
3Y: 6.40%
6M: 4.59%
5Y: 7.93%

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Dinesh Ahuja (Since over 12 years) Mohit Jain (Since over 5 years)

ISIN INF200K01YT6

Fund Family SBI

Launch Date March 19, 2013

Benchmark NIFTY Medium to Long Dur Debt TR INR

Avg. Maturity 8.36 years

Yield To Maturity (%) 7.50%

INVESTMENT OBJECTIVE

To provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn’t assure or guarantee any returns.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet

Top Rated
Top Performing

Top Medium To Long Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Nippon India Income Fund - Direct Plan - Growth Plan	85.422	9.75%	262 cr	0.58%	Average
SBI Magnum Income Fund Direct Growth	64.852	9.47%	1,586 cr	—	Low
ICICI Prudential Bond Fund Direct Plan Growth	35.920	9.13%	2,886 cr	0.60%	Below Average
Kotak Bond Direct Growth	72.820	8.64%	1,685 cr	0.63%	Average
Aditya Birla Sun Life Income Fund Direct Plan Growth	115.955	8.21%	1,527 cr	0.49%	Average

Best Medium To Long Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
Nippon India Income Fund - Direct Plan - Growth Plan	85.422	9.75%	262 cr	0.58%	Average
LIC MF Bond Fund-Direct Plan Growth Option	65.783	9.53%	132 cr	0.21%	Below Average
SBI Magnum Income Fund Direct Growth	64.852	9.47%	1,586 cr	—	Low
UTI Bond Fund Direct Plan Growth	68.758	8.47%	318 cr	1.3%	High