Overview of SBI Magnum Low Duration Fund

Mutual Fund

SBI Magnum Low Duration Fund is one of the open-ended debt funds of SBI fund house. SBI Magnum Low Duration Fund invests primarily in money market and debt instruments with a medium level of liquidity so, that Macaulay duration ranges between 6 months to 12 months. 

SBI Magnum Low Duration Fund was launched on 27th July 2007. SBI Magnum Low Duration Fund is benchmark against Nifty Low duration Debt Index. This fund has a moderately low-risk profile. So, in order to earn a good amount of return, you can invest in SBI Magnum Low Duration Fund growth option.

Things you must know about SBI Magnum Low Duration Fund

  • As the name suggests, SBI Magnum Low Duration Mutual Fund provides an attractive return with lower investment tenure.
  • SBI Magnum Low Duration Fund invests 85.29% in debt instruments, out of which 82.54% in low-risk instruments and 2.75% in debt securities.
  • SBI Magnum Low Duration Fund is less volatile as it invests a very little portion in the equity market.
  • SBI Magnum Low Duration Fund under SBI fund house has been in the mutual fund industry for more than 10 years which means this fund has managed to give a reasonable return in the volatile market.
  • This fund offers to invest either in growth or dividend option, but to yield maximum return, one must invest in SBI Magnum Low Duration Fund growth option.
  • If you invest in SBI Magnum Low Duration Fund regular growth option, you need not have to research on the market conditions.
  • If you want to get a better return than conservative bank deposits by investing for 1 to 3 years, then you can choose SBI Magnum Low Duration Fund.

Top 5 Sectors of SBI Magnum Low Duration Fund

S.No. Name of Holding Net Assets (%)
1 Miscellaneous 60.53
2 Miscellaneous 14.74
3 Miscellaneous 11.67
4 Miscellaneous 7.87
5 Miscellaneous 2.44

(as on 28/03/2019)

Top 10 Holdings of SBI Magnum Low Duration Fund

S.No. Name of Holding Net Assets (%)
1 TREPS 12.27
2 Shriram Transport Finance Company Ltd. 4.99
3 Power Finance Corporation Ltd. 4.6
4 Shriram City Union Finance Ltd. 4.6
5 Housing Development Finance Corporation Ltd. 3.88
6 Indian Railway Finance Corporation Ltd. 3.84
7 Small Industries Development Bank of India 3.15
8 Tata Capital Housing Finance Ltd. 3.07
9 JSW Steel Ltd. 2.66
10 REC Ltd. 2.65

(as on 28/03/2019)

Details of SBI Magnum Low Duration Fund

Launch Date- July 27, 2007

Fund Manager- Mr. Rajeev Radhakrishnan

Risk- Moderately Low 

Benchmark- NIFTY Low Duration Debt Index

Return Since Launch- 7.84%

AUM- Rs. 6546.83 crores (as on 28th Feb, 2019)

Here is the performance table of SBI Magnum Low Duration Fund-

  1-Year 3-Year 5-Year 10-Year
Fund 7.67 7.54 7.99 7.83
CCIL T Bill Liquidity Weight 4.25 4.31 4.72 4.58
Category 7.33 7.56 7.85 7.82
Rank within Category 4 12 9 9
Number of funds in category 26 25 23 14
As on Mar 28, 2019

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