SBI Magnum Income Fund is an open-ended long term debt scheme. You can get the best return from this fund if you stay invested in four to seven years. The launch date of SBI Magnum Income Fund is 25th November 1998.
SBI Magnum Income Mutual Fund scheme has a benchmark of CRISIL Medium to Long Term Index. As this fund invests in money market and debt instruments the risk is also moderate. The minimum lump sum investment is Rs.5000. Mr.Dinesh Ahuja is managing this fund since 2011. SBI Magnum Income Fund is ideal for those investors who wish to earn regular income on medium to long-term investors over the years. There is no exit load in SBI Magnum Income Fund regular if you exit after one year. You can go for either SBI Magnum Income Fund Growth or SBI Magnum Income Fund Dividend but it is advisable to go for SBI Magnum Income Fund Growth as it is more profitable. There is no entry load in SBI Magnum Income Fund.
Top 10 holdings of SBI Magnum Income Fund
|
S.No. |
Name of Holding |
Net Assets (%) |
|
1 |
L&T Metro Rail (Hyderabad) Ltd. |
10.36 |
|
2 |
State Bank of India |
10.01 |
|
3 |
7.17% CGL 2028 |
9.55 |
|
4 |
Muthoot Finance Ltd. |
9.22 |
|
5 |
7.26% CGL 2029 |
6.99 |
|
6 |
ICICI Bank Ltd. |
6.87 |
|
7 |
Ahmedabad-Maliya Tollway Ltd. |
6.76 |
|
8 |
Shriram Transport Finance Company Ltd. |
5.57 |
|
9 |
TREPS |
5.52 |
|
10 |
REC Ltd. |
5.41 |
Top 3 sectors of SBI Magnum Income Fund
|
S.No. |
Name of Holding |
Net Assets (%) |
|
1 |
Miscellaneous |
76.86 |
|
2 |
Miscellaneous |
16.54 |
|
3 |
Miscellaneous |
6.6 |
SBI Magnum Income Fund
- AUM Size- Rs.1273.63cr.(28th Feb 2019)
- Fund Manager- Mr. Dinesh Ahuja
- Expense Ratio- 1.46% (28th February 2019)
- Launch Date- 14th July 1999
- Benchmark- CRISIL Medium to Long Term Debt Index
- Risk- Moderate
- Return Since Launch- 7.66%
Performance
|
|
1-Year |
3-Year |
5-Year |
10-Year |
|
Fund |
5.93 |
7.88 |
8.49 |
7.82 |
|
VR Bond |
6.84 |
6.77 |
7.74 |
6.89 |
|
Category |
6.05 |
6.80 |
8.08 |
7.40 |
|
Rank within Category |
11 |
1 |
4 |
2 |
|
Number of funds in category |
14 |
14 |
14 |
14 |
As on Mar 29, 2019
