SBI Magnum Ultra Short Duration Fund

Mutual Fund

SBI Magnum Ultra Short Duration Fund is an open-ended mutual fund. This mutual fund scheme will generate regular income and with a high degree of liquidity. 

SBI Magnum Ultra Short Duration Fund has 92.61% of its investment in debt in which 0.86% is in government securities, and the other 87.75% is invested in very low-risk securities. SBI Magnum Ultra Short Duration Fund is suitable for those investors who are looking for an alternative of bank accounts/ deposits. The minimum investment for SBI Magnum Ultra Short Duration Fund is Rs. 5,000 only. The minimum balance is Rs.1,000 for this fund. If you also want to withdraw some from SBI Magnum Ultra Short Duration Fund the minimum amount is Rs.1,000. Also, the exit load is zero. This fund is ideal for those investors who are looking for regular income.

SBI Mutual Fund provides the best customer care service and the best service to its customer. You also can redeem whenever you want. SBI Mutual Fund is India’s one of the best AMC.

The main objective of SBI Magnum Ultra Short Duration Fund is offering investors regular income with high liquidity by investing in the debt and money market investments.

Top 10 holdings of SBI Magnum Ultra Short Duration Fund 

S.No. Name of Holding Net Assets (%)
1 Cholamandalam Investment and Finance Company Ltd. 5.12
2 6.20% Reverse Repo 3.97
3 RMZ Infotech Pvt. Ltd. 3.9
4 Sunbeam Lightweight Solutions Pvt. Ltd 3.67
5 LIC Housing Finance Ltd. 3.49
6 National Housing Bank 3.49
7 REC Ltd. 3.45
8 National Bank for Agriculture and Rural Development 3.41
9 Axis Bank Ltd. 3.18
10 JSW Steel Ltd. 2.68

Top 5 sectors of SBI Magnum Ultra Short Duration Fund

S.No. Name of Holding Net Assets (%)
1 Miscellaneous 49.36
2 Miscellaneous 30.12
3 Miscellaneous 12.29
4 Miscellaneous 7.36
5 Miscellaneous 0.86

SBI Magnum Ultra Short Duration Fund

  • AUM Size- Rs.5744.71cr.(28th Feb 2019)
  • Fund Manager- Mr. Rajeev Radhakrishnan
  • Expense Ratio- 0.52% (28th February 2019)
  • Launch Date- 21st May 1999
  • Benchmark- NIFTY Ultra Short Term
  • Risk- Low
  • Return Since Launch- 7.41%

Performance

  1-Year 3-Year 5-Year 10-Year
Fund 8.30 7.42 7.86 7.74
CCIL T Bill Liquidity Weight 4.30 4.26 4.75 4.58
Category 6.17 6.87 7.54 7.87
Rank within Category 2 9 9 9
Number of funds in category 17 17 17 12

As on Mar 27, 2019

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