3 Year return
6.52%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately High Risk
Asset Under Management
₹6195.4 Cr.
Expense Ratio
0.69% (inclusive of GST)
Exit Load
For exit within 3 months from the date of allotment: 1% For exit after 3 months from the date of allotment - Nil
Tax Implications
Tax on gains as per your income tax bracket
Fund Holdings
SBI Mutual Fund Managers
DA
Dinesh Ahuja
Fund Manager since Apr 2022
Fund House Details
SBI Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Aditya Birla Sun Life Medium Term Fund |
13.81% |
4 |
ICICI Prudential Medium Term Bond Fund |
6.81% |
5 |
Axis Strategic Bond Fund |
7.04% |
5 |
Schemes by SBI Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan IDCW Payout
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan Gr
Equity . Sectoral / Thematic
SBI Automotive Opportunities Fund Direct Plan Growth
Equity . Sectoral / Thematic
SBI Automotive Opportunities Fund Direct Plan IDCW Payout
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 | 7.72% |
Expense Ratio | 0.69% |
Fund Manager | Dinesh Ahuja |
Fund Size | ₹6195.4 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 |
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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FAQs
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How do I invest in SBI Magnum Medium Duration Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in SBI Magnum Medium Duration Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in SBI Magnum Medium Duration Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in SBI Magnum Medium Duration Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.