3 Year return

6.14%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Moderately High Risk

Scheme Information

Asset Under Management

₹6102.24 Cr.

Expense Ratio

0.68% (inclusive of GST)

Exit Load

For exit within 12 months from the date of allotment: - For 8% of investment - Nil - For remaining investments - 1.50% For exit after 12 months from the date of allotment: Nil

Ratings

ARQ Rating
3

Ratings by other agencies

4
3
5

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

SBI Mutual Fund Managers

DA

Dinesh Ahuja

Fund Manager since Apr 2022

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹915,901.53 Cr.
No. of Schemes 213
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

About SBI Magnum Medium Duration Fund Direct Plan Growth

SBI Magnum Medium Duration Fund Direct Plan Growth is an open-ended scheme under the SBI Mutual Fund House. The fund is a medium-term debt strategy that invests in instruments such as the Macaulay Bond. The portfolio's duration ranges between 3 and 4 years. This medium duration fund has a benchmark of NIFTY Medium Duration Debt Index C-III.

Investment Objective of the Scheme

SBI Magnum Medium Duration Fund Direct Plan Growth aims to give investors the chance to create appealing returns with a reasonable amount of liquidity via investments in debt along with money market instruments so that the portfolio's Macaulay duration is between 3 and 4 years. Typically, medium duration funds such as this one tend to have a higher maturity compared to others. The scheme would invest its corpus in a wide variety of debt and money market assets in order to generate attractive risk-adjusted returns to its investors by actively managing credit risk and interest rate risk in its portfolio.

Key Features of The Fund

5-year return 7.75%
Expense Ratio 0.68%
Fund Manager Dinesh Ahuja
Fund Size ₹6102.24 Cr
Risk Profile Moderately High

Is This Scheme Right for Me?

If you are interested in a regular mode of income, investing in SBI Magnum Medium Duration Fund Direct Plan Growth could be a good idea. This scheme could be suited to you if you wish to have investments in debt and money market securities and have a moderate to high risk appetite. The suggested investment horizon for this scheme is three years or more, to ensure that the downside risks are reduced and your returns are more predictable.

AMC Contact Details

Name SBI Mutual Fund
Launch Date June 1987
Addresss 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051
Contact 1800 209 3333 1800 425 5425
Email customer.delight@sbimf.com
Website https://www.sbimf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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Estimating and comparing your returns from different mutual funds can happen within under a minute with just 3 steps: Step 1: Open Angel One's free SIP calculator. Step 2: Enter your SIP Amount, investment horizon, and expected rate of return. Step 3: Compare!

FAQs

What is today's NAV of SBI Magnum Medium Duration Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of SBI Magnum Medium Duration Fund Jun 20 2024 is 50.505

What is the AUM of SBI Magnum Medium Duration Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of SBI Magnum Medium Duration Fund is 6102.24 crore.

What is the expense ratio of SBI Magnum Medium Duration Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of SBI Magnum Medium Duration Fund is 0.68%

What are the returns of SBI Magnum Medium Duration Fund since inception?

The SBI Magnum Medium Duration Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 8.99 since inception.

What is the minimum SIP amount to invest in SBI Magnum Medium Duration Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for SBI Magnum Medium Duration Fund is 500.

How do I invest in SBI Magnum Medium Duration Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in SBI Magnum Medium Duration Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in SBI Magnum Medium Duration Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in SBI Magnum Medium Duration Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.