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Home Mutual FundsDebtMedium to Long Duration FundSBI Magnum Income Fund

SBI Magnum Income Fund

The fund details shown here are of the Growth Plan option and belongs to the Debt, Medium to Long Duration Fund category.

The NAV for SBI Magnum Income Fund Fund is 67.279 as of 21 Nov 2024. NAV or Net Asset Value, is a crucial metric in the context of mutual funds. It represents the per - unit market value of a mutual fund scheme. NAV is calculated by the fund house on every business day and is a key factor in determining the value of an investor's holdings in the mutual fund.

This fund has given 5.83% annualized return for the last 3 years.

At present SBI Magnum Income Fund has not been rated by us.

  • 1M
  • 3M
  • 6M
  • 1YR
  • 3YR
  • 5YR
  • 10YR
  • Since Inception

Performance

Monthly SIP of   ₹    for

Below table shows comparison of SBI Magnum Income Fund with respect to the investments in Fixed Deposit and Gold for the Total investment of ₹36,000 over the period of 3 years.

Total Value Gain Return %
Bank FD

39,824

3,824

 6.5%
Gold

40,770

4,770

 8.00%

Fund Information

  • As of 31 Jan 2024, fund size of SBI Magnum Income Fund is 1,712.91 Cr.

  • SBI Magnum Income Fund shown here is of Growth plan.

  • The Total Expense Ratio (TER) of the fund is 1.46%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.

  • SBI Magnum Income Fund is an Debt oriented mutual fund in the - Medium to Long Duration Fund category.

  • Nifty 50 Arbitrage Index is the benchmark for SBI Magnum Income Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.

  • The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on 25 Nov 1998 as at present it is 26 years old fund.

  • Name of the AMC is SBI Mutual Fund. Click here to know more about SBI Mutual Fund.

Fund Managed By

Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. SBI Magnum Income Fund managed by following fund manager(s);

How does the Return Comparison of the SBI Magnum Income Fund fare against peer funds in the Medium to Long Duration fund category?

Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by SBI Magnum Income Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Medium to Long Duration fund category these peer funds belongs to.

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.47% 1.04% 5.70% 5.70% 7.75% 9.46% 8.83% 7.82% 8.13%
Category Average 0.37% 0.87% 5.11% 5.11% 7.10% 4.15% 4.52% 6.40% 7.00%
SBI Magnum Income Fund 0.07% 0.27% 1.58% 4.19% 8.35% - - - -
UTI Bond Fund 0.10% 0.31% 1.59% 4.27% 8.70% 7.33% 7.88% 6.92% 5.80%
ICICI Prudential Debt Management Fund (FoF) 0.11% 0.54% 1.88% 4.20% 8.19% - - - -
ICICI Prudential Bond Fund 0.14% 0.48% 1.87% 4.42% 8.93% 7.97% 6.09% 6.61% 7.42%
LIC MF Bond Fund 0.13% 0.36% 1.89% 4.59% 9.18% 7.83% 5.84% 5.60% 6.42%
Magnum Income Fund 0.07% 0.27% 1.58% 4.19% 8.36% - - - -

Fund Portfolio Details

Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of SBI Magnum Income Fund are shown below;

Equity -

Debt 96.17%

Others 3.83%

Top Holdings

Name of the InstrumentHolding Percentage
GOVERNMENT OF INDIA 33298 GOI 14AG33 7.18 FV RS 100 36.28%
GOVERNMENT OF INDIA 33234 GOI 24JL37 7.18 FV RS 100 10.17%
TORRENT POWER LIMITED SR 11 TR 11D 8.5 NCD 07JU31 FVRS1LAC 4.40%
TATA HOUSING DEVELOPMENT COMPANY LIMITED SR 1 RR NCD 30AP26 FVRS1LAC 3.79%
MAHANAGAR TELEPHONE NIGAM LIMITED. SR VIIA 8 LOA 15NV32 FVRS10LAC 3.26%
Others 42.10%
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Allocation by Instruments

Type of the InstrumentHolding Percentage
GOVERNMENT SECURITIES 49.38%
DEBENTURE 31.13%
BOND 7.88%

Portfolio Holdings shown is as of 31 Jan 2024

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