Formerly SBI Magnum Insta Cash Reg Cash
23 Years. The fund has an Extended history for analysis and the track record is excellent.
14,030 Cr. Category leader in size
Impact of Interest Rate Changes
Lowest Interest Rate Risk. The impact on fund value is very low when interest rates change
Credit Quality Of Fund's Portfolio
Moderate Credit Risk. The fund has a moderate credit quality compared to other debt funds
Want the ultra short term debt funds that are right for your short term investment needs?
NAV (May 19)
6 Month CAGR
To provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments.
Launched (23y ago)
May 21, 1999
AUM in Crores
CRISIL Ultra Short Duration Fund TR INR
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
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.
182 Days Treasury Bill 11-08-20225.1%
182 Days Treasury Bill 29-09-20224.9%
indian oil corporation limited4.6%
91 Days Treasury Bill 28-07-20224.2%
3.8% govt stock 20244%
|Fund Name||Scripbox Opinion||Fund Size||Track Record|
₹ 39,901 cr
₹ 16,108 cr
₹ 13,070 cr
₹ 15,495 cr
₹ 39,901 cr
SBI Funds Management Private Limited
SBI Funds Management Private Limited manages assets worth 25,449 crores and was set up on 7 February 1992. It's current offering of mutual fund schemes includes 2 equity,34 debt and 21 hybrid funds.
|Fund Name||Scripbox Opinion||Till Date CAGR|
SBI Magnum Ultra Short Duration Fund-Growth is an open-ended short duration debt mutual fund scheme that invests in instruments such that the Macaulay duration of Portfolio is between 3 months and 6 months. It predominantly invests in high-quality debt and money market instruments. The scheme aims to generate a regular income on investment at par with inflation with high degree of liquidity. Earlier, the fund was known as SBI Magnum Insta Cash Reg Cash. The fund is managed by SBI Funds Management Private Limited.
The investment objective of the Scheme is to provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. The Scheme seeks to provide investors with an opportunity to generate regular income with high degree of liquidity. The fund invests in an entire range of debt and money market securities in line with the investment objective to provide attractive risk-adjusted returns. It achieves its objective through active management of credit risk and interest rate risk in its portfolio.
On 21 May 1999, SBI Mutual Fund had launched the scheme. The scheme has been in existence for the past 22 years. Since its inception, the continues to provide regular income on investment at par with inflation.
NAV and Returns – As of 22nd June 2021, the NAV of the fund is Rs 4,712.59. The fund’s risk-o-meter is low to moderate risk. Hence, the investor investing in the fund must recognize that their principal investment is at a low to moderate risk. The fund has delivered a return on investment of 7.30% since its inception
Minimum Investment – The fund has a minimum SIP investment requirement of Rs 1000 and a minimum lump sum investment of Rs 5000
Expense Ratio and Exit Load – The funds charge an expense ratio of 0.49% of the NAV. Here, the expense ratio is close to the expense ratio charged by other AMCs for funds under a similar category. There is no exit load on the redemption of the any number units of the fund.
Fund Manager – Currently, Mr. Rajeev Radhakrishnan is managing the fund. Mr. Rajeev has been managing the fund since May 2010. He possesses an overall experience of 17 years in fund management and research. He heads the Fixed Income desk at the SBI Mutual Fund.
Other Details- No lock-in period for the scheme, you can redeem any amount of investment anytime. The AUM of SBI Magnum Ultra Short Duration Fund as of 22nd June 2021 is Rs 12,865 cr. The fund benchmarks to NIFTY Ultra Short Duration Debt TR INR.
|1 Year Return||3.90 %|
|3 Years Return||6.60 %|
|5 Years Return||6.70 %|
|10 Years Return||7.80 %|
The SBI Magnum Ultra Short Duration Fund-Growth has invested its assets majorly in the debt instruments of the following companies:
|Company||Percentage of Holding (As of 23rd June 2021)|
|National Housing Bank||6.60%|
|182 DTB 12112021||5.70%|
|Rural Electrification Corporation Limited||4.90%|
|Housing Development Finance Corporation Limited||3.80%|
|Ultratech Cement Limited||3.80%|
The SBI Magnum Ultra Short Duration Fund-Growth has invested in the following debt instruments:
|Sector||Percentage of Holding (As of 22nd June 2021)|
|State Development Loan||11.11%|
|Certificate of Deposit||8.71%|
|Central Government Loan||6.38%|
|Non Convertible Debenture||3.58%|
Scripbox recommends the SBI Magnum Ultra Short Duration Fund-Growth for investment within ultra short mutual funds. Ultra short duration funds provide relative safety of capital amount invested. It also provides growth of principal at par with inflation over the investment duration.
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