3 Year return

5.78%
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

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹10548.21 Cr.

Expense Ratio

0.31% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4

Ratings by other agencies

3
4
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

RA

R Arun

Fund Manager since May 2018

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 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 5.85%
Expense Ratio 0.31%
Fund Manager R Arun
Fund Size ₹10548.21 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 33331800 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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FAQs

What is today's NAV of SBI Magnum Ultra Short 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 Ultra Short Duration Fund Jun 14 2024 is 5626.2284

What is the AUM of SBI Magnum Ultra Short 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 Ultra Short Duration Fund is 10548.21 crore.

What is the expense ratio of SBI Magnum Ultra Short 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 Ultra Short Duration Fund is 0.31%

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

The SBI Magnum Ultra Short Duration Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 7.19 since inception.

What is the minimum SIP amount to invest in SBI Magnum Ultra Short 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 Ultra Short Duration Fund is 500.

How do I invest in SBI Magnum Ultra Short 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 Ultra Short 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 Ultra Short 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 Ultra Short 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.