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    • SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M)

    Formerly SBI Magnum Income Reg HY DR

    SBI Mutual Fund

    SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M)

    DebtMedium To Long Duration

    14.8192

    NAV (Sep 23)

    9%
    3 Year CAGR
    Scripbox Opinion

    Neutral

    Click here for top ranked funds in medium to long duration mutual funds.

    However, Scripbox does not recommend investing in medium to long duration mutual funds.

    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.

    Our analysis of this fundLearn how we rate funds ->

    Track Record

    23 Years. The fund has an Extended history for analysis and the track record is excellent.

    Relative Size

    1,713 Cr. Medium within the category

    Impact of Interest Rate Changes

    High Interest Rate Risk. The impact on fund value is high when interest rates change

    Credit Quality Of Fund's Portfolio

    Low Credit Risk. The fund has a high credit quality compared to other debt funds

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    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
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      No Lock-in
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      Expert Investing Only, Car, Down Payment

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    Historical NAV

    14.8192

    NAV (Sep 23)

    Fund Returns

    Last 1Y
    6.4%
    Last 3Y
    9%
    Last 5Y
    6.8%
    Last 10Y
    7%
    Since Inception
    NA
    6 Month CAGR
    3.9%
    info-icon-blue

    Scheme Information

    Investment Objective

    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.

    Low

    Low to Moderate

    Moderate

    Moderately High

    High

    Very High

    risk-indicator-arrow.svg

    Moderately High risk

    Expense Ratio
    1.46
    Launched (23y ago)
    Nov 25, 1998
    AUM in Crores
    1712.940
    ISIN
    INF200K01628
    Lock-in
    No Lock-in
    Benchmark
    CRISIL Medium to Long Term Debt TR INR
    SIP Minimum
    1000
    Lumpsum Min.
    5000
    Fund Managers
    user-avatar

    Dinesh Ahuja

    Fund Manager

    calculator

    Returns Calculator Comparison

    of

    for

    with step up of

    InstrumentReturnsTotal CorpusGainsAnnualised %
    Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
    EPF70% ₹ 900,761 ₹ 168,1498.50%
    Property70% ₹ 867,662 ₹ 135,0507.00%
    PPF70% ₹ 869,819 ₹ 137,2077.10%
    Bank FD70% ₹ 846,471 ₹ 113,8596.00%
    Gold70% ₹ 846,471 ₹ 113,8596.00%
    Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

    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.

    build-long-item-wealth-img

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • Inflation beating returns
      Inflation beating returns
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      Expert Investing Only, Car, Down Payment
    • One click investing  tracking
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    comparison

    Comparison with Debt Funds

    Fund NameScripbox OpinionFund SizeTrack Record

    Kotak Savings Fund (G)

    recommended-badge

    ₹ 13,951 cr

    5

    recommended-badge

    ₹ 33,662 cr

    5

    recommended-badge

    ₹ 11,134 cr

    5

    recommended-badge

    ₹ 31,274 cr

    5

    recommended-badge

    ₹ 24,210 cr

    5

    amc-icon

    About the AMC

    SBI Funds Management Private Limited

    SBI Funds Management Private Limited manages assets worth 438,987 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.

    amc-img

    Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    21.7%

    20.5%

    recommended-badge

    6.3%

    7.2%

    top-ranked-badge

    21.7%

    %

    top-ranked-badge

    5.1%

    5.8%

    top-ranked-badge

    5.1%

    5.8%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    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?
    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund 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

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    About SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M)

    About SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M)

    SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) is a Medium To Long Duration Debt fund and has delivered an annualised return of null% over a period of 22 years. The fund was previously known as SBI Magnum Income Reg HY DR . The fund is managed by SBI Funds Management Private Limited. The fund manager’s name is Dinesh Ahuja

    SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) Investment Objective

    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. . However, there is no assurance that the objective of the scheme will be realized.

    SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) NAV,AUM,Risk

    The SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) fund was launched on Nov 25, 1998. The NAV (Net Asset Value) of this Medium To Long Duration Debt fund as of 2021-09-23 is ₹14.82. The total AUM (Asset Under Management) of the fund as of 24/09/2021 is ₹1712.94. The category risk of the SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) fund is Moderately High risk. The fund charges 1.46 % as expense ratio.

    SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) Holdings

    The fund’s highest allocation is towards Debt and has invested 92.7% in this asset class. The top three holdings of the fund are , 6.10% govt stock 2031 , govt stock , treps , embassy office parks reit , allahabad bank , 6.76% govt stock 2061 , tata realty and infrastructure limited , coastal gujarat power limited , ahmedabad-maliya tollway limited , mahindra rural housing finance limited , 6.64% govt stock 2035 , aadhar housing finance limited , cholamandalam investment and fin. co. ltd , indostar capital finance limited , state bank of india , indian bank , housing development finance corporation limited , punjab national bank , indinfravit trust , flometallic india private limited , 7.26% govt stock 2029 , tmf holdings limited , the tata power company limited , 6.67% govt stock 2035 , flometallic india private limited , muthoot finance limited , net receivable / payable , 91 dtb 25112021 , indinfravit trust , the tata power company limited

    SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) Sip

    The minimum SIP (Systematic Investment Plan) amount for this 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.

    SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) 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 Medium to Long Term Debt TR INR.

    SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) Review

    SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) has a score of 3 on a scale of 5. The fund has a score of 5 out of 5 based on historical performance. As compared to the other funds in its category, SBI Magnum Income Fund of Income Distribution cum capital withdrawal (RIDCW-6M) has a score of 3out of 5 The credit risk of the fund is 4 out of 5 as compared to other debt funds.

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