Click here for top ranked funds in gilt with 10 year constant duration mutual funds.
However, Scripbox does not recommend investing in gilt with 10 year constant duration mutual funds.
Gilt Funds with 10 year constant duration are mandated to invest a minimum of 80% of their total assets in Government Securities such that the duration of the portfolio is equal to 10 years.
Funds in the category are exposed to very high variations when interest rates change.On the other hand,such a strategy results in a very high credit quality of the fund.This is the smallest category(less than 0.1 % of the total debt fund assets) with very few funds.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher interest rate risk and high volatility.
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Scheme Information
Investment Objective
To provide returns to the investors generated through investments predominantly in Government securities issued by the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
SBI Funds Management Private Limited manages assets worth 398,859 crores and was set up on 7 February 1992. It's current offering of mutual fund schemes includes 75 equity,232 debt and 54 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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About SBI Magnum Constant Maturity Fund (G)
About SBI Magnum Constant Maturity Fund (G)
SBI Magnum Constant Maturity Fund (G) is a gilt with 10 year constant duration debt fund and has delivered an annualised return of 8.2% over a period of 21 years .The fund was previously known as SBI Magnum Gilt Short Term Reg Gr.The fund is managed by SBI Funds Management Private Limited.The fund manager’s name is Dinesh Ahuja.
SBI Magnum Constant Maturity Fund (G) Investment Objective
To provide returns to the investors generated through investments predominantly in Government securities issued by the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years. However, there is no assurance that the objective of the scheme will be realized.
SBI Magnum Constant Maturity Fund (G) NAV,AUM,Risk
The SBI Magnum Constant Maturity Fund (G) fund was launched on Dec 30, 2000. The NAV (Net Asset Value) of this gilt with 10 year constant duration debt as of 2021-06-14 is ₹ 50.1528. The total AUM (Asset Under Management) of the fund as of 2021-06-15 is ₹ 829.983. The category risk of the SBI Magnum Constant Maturity Fund (G) fund is Moderate Risk.
The fund charges 0.63 % as expense ratio.
SBI Magnum Constant Maturity Fund (G) Holdings
The fund’s highest allocation is towards debt and has invested 97.2% in this asset class. The top three holdings of the fund are 7.26% govt stock 2029,6.19% govt stock 2034 and 5.77% goi 2030
SBI Magnum Constant Maturity Fund (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 500. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
SBI Magnum Constant Maturity Fund (G) Investment volatility and Horizon
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL 10-Yr Gilt Index.
SBI Magnum Constant Maturity Fund (G) Review
SBI Magnum Constant Maturity Fund (G) has a score of 2 on a scale of 5. The fund scores 5 out of 5 based on historical performance. As compared to the other funds in its category, SBI Magnum Constant Maturity Fund (G) has a score of 3 out of 5.
The credit risk of the fund is 5 out of 5 as compared to other debt funds.
