Overview of SBI Magnum Gilt Fund

Mutual Fund

SBI Magnum Gilt Fund is an open ended debt fund under gilt category. Previously this fund was named SBI Magnum Gilt Long Term Fund. The investment objective of SBI Magnum Gilt Fund is to provide return by investing in government securities that are issued by the State or/and Central Government.

SBI Magnum Gilt Fund was launched on December 31, 2000. The strategy of investment of SBI Magnum Gilt Fund regular plan is mainly in State or Central government instruments which are treated as credit free of risk. The sectoral allocation of SBI Magnum Gilt Fund regular growth scheme is taken cared by expert fund managers.

SBI Magnum Gilt Fund Facts

  • SBI Magnum Gilt Fund portfolio allocation includes 53.58% in dated government securities, 4.72% in NCA, 40.66% in state development loan, 1.04% in deposits and treasury bills.
  • You can invest in either SBI Magnum Gilt Fund dividend plan or SBI Magnum Gilt Fund growth scheme. But in order to gain a good amount of return, SBI Magnum Gilt Fund growth scheme is an ideal choice.
  • The last 3 year and 5 year returns of SBI Magnum Gilt Fund regular growth scheme are 7.75% and 9.97% respectively which beat the benchmark index.
  • Investors with a low risk appetite can easily invest in SBI Magnum Gilt mutual fund scheme plan in India. 

Top 5 Sectors of SBI Magnum Gilt Fund

S.No.

Holding Name

Net Assets (in %)

1

Dated Government Securities

53.58

2

NCA

4.72

3

State Development Loan

40.66

4

Treasury Bills

0.04

5

TREP/CBLO Deosits

1

(as on 31/03/2019)

Top 10 Holdings of SBI Magnum Gilt Fund

S.No.

Holding Name

Net Assets (in %)

1

Government of India

53.58

2

State Government of Karnataka

23.60

3

State Government of Gujarat

6.82

4

State Government of  Bihar

3.47

5

State Government of  Uttar Pradesh

3.28

6

State Government of Tamil Nadu

1.77

7

State Government of Rajasthan

1.73

8

Reserve Bank of India

0.04

(as on 31/03/2019)

SBI Magnum Gilt Fund Details

Launch Date- December 31, 2000

Fund Manager- Mr. Dinesh Ahuja

Risk- Moderate

Benchmark- CRISIL Dynamic Gilt Index

Return Since Launch- 7.94%

AUM- Rs. 1476.14 crore (as on 31st Mar, 2019)

Following is the performance of SBI Magnum Gilt Fund-

 

1-Year

3-Year

5-Year

10-Year

Fund

6.83

7.75

9.97

7.54

CCIL All Sovereign Bond – TRI

9.10

7.54

9.65

7.13

Category

7.78

6.93

8.85

7.12

Rank within Category

21

6

4

6

Number of funds in category

26

25

24

20

As on Apr 22, 2019

 

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