SBI Magnum Constant Maturity Fund Overview

Mutual Fund

SBI Magnum Constant Maturity Fund is an open ended debt fund under gilt with 10 year constant duration category. Previously this fund was named SBI Magnum Gilt Short Term Fund. The investment objective of SBI Magnum Constant Maturity Fund is to generate stable returns by primarily investing in government securities which are issued by State or Central Government in such a manner that the average maturity  of the portfolio is almost 10 years.

SBI Magnum Constant Maturity Fund was launched in December 31, 2000. The minimum lump-sum investment is Rs. 5000 for SBI Magnum Constant Maturity Fund lump-sum plan. The risk profile of this fund is moderate. Expert fund managers allocates the portfolio primarily in government securities when investing in SBI Magnum Constant Maturity Fund regular growth scheme.

SBI Magnum Constant Maturity Fund Facts

  • SBI Magnum Constant Maturity Fund portfolio allocation includes 82.19% in dated government securities, 12.17% in state development loan, 4.9% in TREP/CBLO Deposits, 0.73% in NCA.
  • You can invest in this mutual fund scheme plan in India through online mode which is very easy and simple.
  • The last 3 year and 5 year returns of SBI Magnum Constant Maturity Fund regular growth scheme are 8.75% and 9.67% respectively which exceeds the benchmark index.
  • SBI Magnum Constant Maturity Fund growth plan is ideal for those who wants to invest in mutual fund but at the same time very skeptical of the fund’s investment.

Top 4 Sectors of SBI Magnum Constant Maturity Fund

S.No.

Holding Name

Net Assets (in %)

1

Dated Government Securities

82.19

2

NCA

0.73

3

State Development Loan

12.17

4

TREP/CBLO Deposits

4.9

(as on 31/03/2019)

Top 3 Holdings of SBI Magnum Constant Maturity Fund

S.No.

Holding Name

Net Assets (in %)

1

Government of India

82.19

2

State Government of  Uttar Pradesh

12.17

3

TREPS

4.9

4

Net Receivables/Payable

0.73

(as on 31/03/2019)

SBI Magnum Constant Maturity Fund Details

Launch Date- December 31, 2000

Fund Manager- Mr. Mahak Khabia

Risk- Moderate

Benchmark- CRISIL 10 Year Gilt Index

Return Since Launch- 7.89%

AUM- Rs. 419.91 crore (as on 31st Mar, 2019)

Following is the performance of SBI Magnum Constant Maturity Fund-

 

1-Year

3-Year

5-Year

10-Year

Fund

9.29

8.75

9.67

8.24

CCIL All Sovereign Bond – TRI

9.29

7.56

9.64

7.18

Category

9.29

8.10

9.63

7.94

Rank within Category

3

2

1

1

Number of funds in category

5

4

2

2

As on Apr 23, 2019

 

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