3 Year return
6.44%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately Low Risk
Asset Under Management
₹12426.01 Cr.
Expense Ratio
0.31% (inclusive of GST)
Exit Load
Nil
Tax Implications
Tax on gains as per your income tax bracket
Fund Holdings
SBI Mutual Fund Managers
RA
R Arun
Fund Manager since May 2018
Fund House Details
SBI Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Nippon India Ultra Short Duration Fund |
6.96% |
3 |
UTI Ultra Short Duration Fund |
6.58% |
2.5 |
ICICI Prudential Ultra Short Term Fund |
6.73% |
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 Ultra Short Duration Fund Direct Plan Growth
SBI Magnum Ultra Short Duration Fund Direct Plan Growth is an ultra short duration debt fund managed by SBI Mutual Fund. Ultra short duration debt funds are a type of debt fund that invests in debt securities with a maturity period of 3 months to 6 months. This means that the fund is less sensitive to interest rate changes than other types of debt funds. SBI Magnum is a fund house with a long history of managing debt funds. The fund has a good track record of performance, and is managed by a team of experienced professionals.
Investment Objectives of the Scheme
The investment objective of SBI Magnum Ultra Short Duration Fund Direct Plan Growth is to generate income by investing in a portfolio of ultra short-term debt securities. The fund also aims to preserve capital by investing in high-quality debt securities.
Key Features of The Fund
5-year return | 5.8% |
Expense Ratio | 0.31% |
Fund Manager | R Arun |
Fund Size | ₹12426.01 Cr |
Risk Profile | Moderately Low |
Is This Scheme Right for Me?
SBI Magnum Ultra Short Duration Fund Direct Plan Growth is suitable for investors who are looking for a low-risk debt fund that generates regular income. The fund is also suitable for investors who are looking to preserve their capital. The fund is not suitable for investors who are looking for high returns or who are willing to take on a lot of risk. Overall, SBI Magnum Ultra Short Duration Fund Direct Plan Growth is a good option for investors who are looking for a low-risk debt fund with a good track record of performance and a low expense ratio. However, it is important to remember that all investments carry some risk. You should do your own research before investing in any fund.
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.
Combat Inflation With SIP Investments
FAQs
What is today's NAV of SBI Magnum Ultra Short Duration Fund?
What is the AUM of SBI Magnum Ultra Short Duration Fund?
What is the expense ratio of SBI Magnum Ultra Short Duration Fund?
What are the returns of SBI Magnum Ultra Short Duration Fund since inception?
What is the minimum SIP amount to invest in SBI Magnum Ultra Short Duration Fund?
How do I invest in SBI Magnum Ultra Short 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 Ultra Short 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 Ultra Short 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 Ultra Short 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.