SBI Magnum Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (06-Sep-24)
₹5721.020.02%1D
Returns (Since Inception)
7.20%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹12,828 Cr
Expense Ratio
0.31%
ISIN
INF200K01TF5
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
SBI Magnum Ultra Short Duration Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by SBI Mutual Fund. This fund has been in existence for 11 years, 8 months and 6 days, having been launched on 01-Jan-13.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹5721.02, Assets Under Management (AUM) of 12828.42 Crores, and an expense ratio of 0.31%.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹5721.02, Assets Under Management (AUM) of 12828.42 Crores, and an expense ratio of 0.31%.
- SBI Magnum Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.20% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 35.53% in debts, and 64.23% in cash & cash equivalents.
- You can start investing in SBI Magnum Ultra Short Duration Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.51%
+6.46% (Cat Avg.)
3 Years
+6.06%
+5.54% (Cat Avg.)
5 Years
+5.78%
+5.07% (Cat Avg.)
10 Years
+6.85%
+5.56% (Cat Avg.)
Since Inception
+7.20%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Debt | ₹4,558.2 Cr | 35.53% |
| Others | ₹8,270.23 Cr | 64.47% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Bank Of India | Cash - CD/Time Deposit | ₹480.88 Cr | 3.75% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹470.02 Cr | 3.66% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹464.95 Cr | 3.62% |
| India (Republic of) | Bond - Short-term Government Bills | ₹446.77 Cr | 3.48% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹441.54 Cr | 3.44% |
| Treps | Cash - Repurchase Agreement | ₹408.83 Cr | 3.19% |
| Tata Teleservices Ltd | Cash - Commercial Paper | ₹393.56 Cr | 3.07% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹383.15 Cr | 2.99% |
| 91 DTB 24102024 | Bond - Gov't/Treasury | ₹371.45 Cr | 2.90% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹345.18 Cr | 2.69% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹312.31 Cr | 2.43% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹296.27 Cr | 2.31% |
| Canara Bank | Cash - CD/Time Deposit | ₹291.82 Cr | 2.27% |
| Panatone Finvest Ltd | Bond - Corporate Bond | ₹291.3 Cr | 2.27% |
| 91 DTB 31102024 | Bond - Gov't/Treasury | ₹273.49 Cr | 2.13% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹248.51 Cr | 1.94% |
| RBL Bank Ltd. | Bond - Corporate Bond | ₹244.98 Cr | 1.91% |
| Equitas Small Finance Bank Ltd. | Bond - Corporate Bond | ₹244.82 Cr | 1.91% |
| Canara Bank | Cash - CD/Time Deposit | ₹244.8 Cr | 1.91% |
| Uco Bank | Cash - CD/Time Deposit | ₹244.29 Cr | 1.90% |
| Muthoot Finance Ltd. | Cash - Commercial Paper | ₹240.06 Cr | 1.87% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹235.45 Cr | 1.84% |
| India (Republic of) | Bond - Short-term Government Bills | ₹223.96 Cr | 1.75% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹219.97 Cr | 1.71% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹199.86 Cr | 1.56% |
| 05.90 Ts SDL 2025 | Bond - Gov't/Treasury | ₹198.61 Cr | 1.55% |
| Smfg India Credit Company Limited | Bond - Corporate Bond | ₹198.37 Cr | 1.55% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹196.25 Cr | 1.53% |
| ICICI Securities Primary Dealership Limited | Cash - Commercial Paper | ₹195.81 Cr | 1.53% |
| Kotak Mahindra Prime Ltd. | Cash - Commercial Paper | ₹194.83 Cr | 1.52% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹194.44 Cr | 1.52% |
| Igh Holdings Private Limited | Cash - Commercial Paper | ₹186.9 Cr | 1.46% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹173.13 Cr | 1.35% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹169.5 Cr | 1.32% |
| Sundaram Finance Limited | Bond - Corporate Bond | ₹150.07 Cr | 1.17% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹149.75 Cr | 1.17% |
| India (Republic of) | Bond - Short-term Government Bills | ₹148.38 Cr | 1.16% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹146.79 Cr | 1.14% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹144.91 Cr | 1.13% |
| Export-Import Bank of India | Cash - Commercial Paper | ₹144.38 Cr | 1.13% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹144.22 Cr | 1.12% |
| 364 DTB 17102024 | Bond - Gov't/Treasury | ₹133.89 Cr | 1.04% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹120.44 Cr | 0.94% |
| Net Receivable / Payable | Cash - Collateral | ₹115.16 Cr | 0.90% |
| Jm Financial Properties And Holdings Limited | Cash - Commercial Paper | ₹99.96 Cr | 0.78% |
| Rec Limited | Bond - Corporate Bond | ₹99.92 Cr | 0.78% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹99.73 Cr | 0.78% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹99.51 Cr | 0.78% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹98.25 Cr | 0.77% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹98.02 Cr | 0.76% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹98 Cr | 0.76% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹97.13 Cr | 0.76% |
| Canara Bank | Cash - CD/Time Deposit | ₹96.19 Cr | 0.75% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹94.69 Cr | 0.74% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹94.09 Cr | 0.73% |
| Mahanagar Telephone Nigam Limited | Bond - Corporate Bond | ₹80.09 Cr | 0.62% |
| 08.43 RJ Sdl 2024 | Bond - Gov't/Treasury | ₹75.26 Cr | 0.59% |
| Punjab National Bank | Bond - Corporate Bond | ₹75 Cr | 0.58% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹74.12 Cr | 0.58% |
| Larsen And Toubro Limited | Bond - Corporate Bond | ₹49.93 Cr | 0.39% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹49.79 Cr | 0.39% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹49.74 Cr | 0.39% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹49.71 Cr | 0.39% |
| Corporate Debt Market Development Fund-A2 | Mutual Fund - Open End | ₹29.91 Cr | 0.23% |
| Kotak Mahindra Investments Limited | Bond - Corporate Bond | ₹25.3 Cr | 0.20% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.04 Cr | 0.20% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹24.95 Cr | 0.19% |
| Mahanagar Telephone Nigam Limited | Bond - Corporate Bond | ₹10.01 Cr | 0.08% |
| 08.36 MP Sdl 2025 | Bond - Gov't/Treasury | ₹5.06 Cr | 0.04% |
| Tata Capital Limited | Bond - Corporate Bond | ₹4.99 Cr | 0.04% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹4,839.09 Cr | 37.72% |
| Cash - CD/Time Deposit | ₹3,712.71 Cr | 28.94% |
| Cash - Commercial Paper | ₹1,845.86 Cr | 14.39% |
| Bond - Gov't/Treasury | ₹1,057.76 Cr | 8.25% |
| Bond - Short-term Government Bills | ₹819.11 Cr | 6.39% |
| Cash - Repurchase Agreement | ₹408.83 Cr | 3.19% |
| Cash - Collateral | ₹115.16 Cr | 0.90% |
| Mutual Fund - Open End | ₹29.91 Cr | 0.23% |
Risk & Performance Ratios
Standard Deviation
This fund
0.56%
Cat. avg.
0.75%
Lower the better
Sharpe Ratio
This fund
0.35
Cat. avg.
-0.82
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.38
Higher the better
Fund Managers
AR
Arun R.
Since June 2021
Ardhendu Bhattacharya
Since December 2023
PK
Pradeep Kesavan
Since December 2023
Additional Scheme Detailsas of 15th August 2024
ISIN | INF200K01TF5 | Expense Ratio | 0.31% | Exit Load | No Charges | Fund Size | ₹12,828 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Ultra Short Durtn Debt A-I TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹236.10 Cr | 6.7% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹551.95 Cr | 6.6% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1247.36 Cr | 7.3% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1247.36 Cr | 7.5% |
| LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹195.99 Cr | 7.4% |
| LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹195.99 Cr | 6.6% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 1.0% | 0.0% | ₹2139.50 Cr | 7.0% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹7599.90 Cr | 7.0% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹250.38 Cr | 7.1% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹250.38 Cr | 7.6% |
About the AMC
Total AUM
₹10,76,433 Cr
Address
C-38 & 39, G Block, Bandra Kurla Complex, Mumbai, 400 051
Other Funds by SBI Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
Unlock Expert Insights!
Related Articles
Still got questions?
We're here to help.
What is the current NAV of SBI Magnum Ultra Short Duration Fund Direct Growth?
The NAV of SBI Magnum Ultra Short Duration Fund Direct Growth, as of 06-Sep-2024, is ₹5721.02.
What are the returns of SBI Magnum Ultra Short Duration Fund Direct Growth?
The fund has generated 7.51% over the last 1 year and 6.06% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of SBI Magnum Ultra Short Duration Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 35.53% in bonds, and 64.23% in cash and cash equivalents.
Who manages the SBI Magnum Ultra Short Duration Fund Direct Growth?
The fund managers responsible for SBI Magnum Ultra Short Duration Fund Direct Growth are:-
- Arun R.
- Ardhendu Bhattacharya
- Pradeep Kesavan
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
©2021-2022 Dezerv. All Rights Reserved
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.