- Mutual Funds
- SBI Mutual Fund
- SBI Magnum Income Fund (RIDCW-Q)
SBI Magnum Income Fund (RIDCW-Q)
₹ 17.9857
NAV (Apr 16)
Medium to long duration funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
Medium to Long Duration Funds invest in debt and money market instruments such that the duration of the portfolio is between 3 to 4 years.
The tenure of the instruments held by these funds exposes them to very high degrees of variations when interest rate changes.Funds in this category tend to invest in instruments that are highly rated.This is a small category(less than 1 % of total debt fund assets).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.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 17.9857
NAV (Apr 16)
Fund Returns
Last 1Y | 6.8% |
Last 3Y | 5.1% |
Last 5Y | 7.3% |
Last 10Y | 6.5% |
Since Inception | 5.8% |
6 Month CAGR | 3.6% |
Scheme Information
To provide investors an opportunity to generate regular income through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years. However,there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn't assure or guarantee any returns.
Expense Ratio | 1.46 |
Launched (11y ago) | Mar 15, 2013 |
AUM in Crores | 1746.148 |
ISIN | INF200K01YR0 |
Lock-in | No Lock-in |
Benchmark | NIFTY Medium Long Dur Debt A-III TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 1.7 |
Standard Deviation (5yr) | 2.5 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | 0.005 |
Sharpe Ratio (5yr) | 0.843 |
YTM | 8.04 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| SBI Magnum Income Fund (RIDCW-Q) | 8,74,154 | 1,41,542 | 7.3% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
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.
Asset allocation and Holdings
Top Debt Holdings
7.18% govt stock 2033
16.7%7.3% govt stock 2053
14.9%7.18% govt stock 2037
5.8%7.25% govt stock 2063
5.8%pipeline infrastructure ltd.
4.4%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,923 cr | ||
₹ 10,293 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
SBI Funds Management Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
5.1% | 6.5% | ||
22.1% | 17.8% | ||
25.5% | 16.3% | ||
15.7% | 12.1% | ||
27.6% | 13.4% |
SBI Magnum Income Fund (RIDCW-Q) Review
SBI Magnum Income Fund (RIDCW-Q) is a Medium To Long Duration Debt fund and has delivered an annualised return of 5.8% over a period of 11 years. The fund is managed by SBI Funds Management Ltd. The fund managers are Mohit Jain, Rajeev Radhakrishnan.
Nav of SBI Magnum Income Fund (RIDCW-Q) as of 4/16/2024 is ₹17.99 with the total AUM as of 4/18/2024 is ₹1746.148. With Scripbox you can compare and check the latest nav for all mutual funds in India. SBI Magnum Income Fund (RIDCW-Q) was launched on Mar 15, 2013. The category risk of the fund is Moderately High risk.
The minimum SIP amount for SBI Magnum Income Fund (RIDCW-Q) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.
SBI Magnum Income Fund (RIDCW-Q) 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 NIFTY Medium Long Dur Debt A-III TR INR.
SBI Magnum Income Fund (RIDCW-Q) is rated as a 2 fund in Debt and delivered 6.8% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with SBI Magnum Income Fund (RIDCW-Q).
Frequently Asked Questions
What is SBI Magnum Income Fund (RIDCW-Q)?
How to invest in SBI Magnum Income Fund (RIDCW-Q)?
You can invest in SBI Magnum Income Fund (RIDCW-Q) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of SBI Magnum Income Fund (RIDCW-Q)?
The minimum sip amount for SBI Magnum Income Fund (RIDCW-Q) is ₹1000. You can invest in multiples of ₹5000.
Is SBI Magnum Income Fund (RIDCW-Q) good to invest in?
As per Scripbox experts, SBI Magnum Income Fund (RIDCW-Q) is a Neutral fund. You can investSBI Magnum Income Fund (RIDCW-Q) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the SBI Magnum Income Fund (RIDCW-Q)?
The expense ratio of the SBI Magnum Income Fund (RIDCW-Q) is 1.46% for regular plan.