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  • SBI Mutual Fund
  • SBI Magnum Ultra Short Duration Fund (Growth)

Formerly SBI Magnum Insta Cash Reg Cash

SBI Mutual Fund

SBI Magnum Ultra Short Duration Fund (Growth)

DebtUltra Short

Top Ranked

4848.5746

NAV (May 19)

5%
3 Year CAGR
Scripbox Opinion

Top Ranked

These are the top-ranked funds within ultra short mutual funds.However, Scripbox does not recommend investing in ultra short mutual funds.

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

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

Scripbox Recommended Ultra Short Funds

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

4848.5746

NAV (May 19)

Fund Returns

Last 1Y

3.2%

Last 3Y

5%

Last 5Y

6%

Last 10Y

7.3%

Since Inception

7.1%

6 Month CAGR

1.5%

Scheme Information

Investment Objective

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.

Expense Ratio

0.49

Launched (23y ago)

May 21, 1999

AUM in Crores

14029.202

ISIN

INF200K01LJ4

Lock-in

No Lock-in

Benchmark

CRISIL Ultra Short Duration Fund TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers

Arun R.

Fund Manager

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.

Asset allocation and Holdings

Last updated on 2022-05-19

Top Debt Holdings

182 Days Treasury Bill 11-08-2022

5.1%
5.1%

182 Days Treasury Bill 29-09-2022

4.9%
4.9%

indian oil corporation limited

4.6%
4.6%

91 Days Treasury Bill 28-07-2022

4.2%
4.2%

3.8% govt stock 2024

4%
4%
See all holdings
allocation by market cap

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 39,901 cr

5

₹ 16,108 cr

5

₹ 13,070 cr

5

₹ 15,495 cr

5

₹ 39,901 cr

5

About the AMC

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.

amc-img

Fund NameScripbox Opinion
Till Date CAGR

14.5%

18.7%

5.3%

7.4%

16.6%

17%

5.3%

%

11.9%

11.3%

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

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

SBI Magnum Ultra Short Duration Fund-Growth Investment Objective

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.

SBI Magnum Ultra Short Duration Fund-Growth Scheme Details

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 Return3.90 %
3 Years Return6.60 %
5 Years Return6.70 %
10 Years Return7.80 %
Returns Updated as of 22nd June 2021

SBI Magnum Ultra Short Duration  Fund-Growth Top Stock Holdings

The SBI Magnum Ultra Short Duration Fund-Growth has invested its assets majorly in the debt instruments of the following companies:

CompanyPercentage of Holding (As of 23rd June 2021)
TREPS8.90%
National Housing Bank6.60%
182 DTB 121120215.70%
Rural Electrification Corporation Limited4.90%
Housing Development Finance Corporation Limited3.80%
Ultratech Cement Limited3.80%

Asset Allocation of SBI Magnum Ultra Short Duration  Fund-Growth

The SBI Magnum Ultra Short Duration  Fund-Growth has invested in the following debt instruments:

SectorPercentage of Holding (As of 22nd June 2021)
Commercial Paper26.13%
Debentures20.43%
State Development Loan11.11%
Repo8.95%
Certificate of Deposit8.71%
Treasury Bills8.64%
Central Government Loan6.38%
Cash Margin3.89%
Non Convertible Debenture3.58%

SBI Magnum Ultra Short Duration  Fund-Growth Review

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. 

  1. These funds are suitable for investors who seek regular income with relative stability and high degree of liquidity. It is suitable for an investment duration of 1-5 years or longer.
  2. The fund has an extended history of 22 years for analysis. Moreover, the track record is excellent.
  3. With an AUM or relative size of Rs 12,865 cr, the relative size of the fund is large in comparison to other similar funds in the ultra short duration fund category.
  4. The scheme has performed well consistently over a period of time outperforming its benchmark.
  5. The impact of interest rate changes on fund value is quite low in comparison to other similar funds. 
  6. The fund has a high credit quality compared to other ultra short duration debt funds in the same category. This indicates that it has lent to borrowers whose credit quality is good. With better borrowers, it ensures a low default risk or credit risk. 

How Scripbox Algorithmically Selects Mutual Funds?

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Once we select an asset class, our algorithm goes to work to select the best financial products.

The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:

  • Track record of the product – how long has it been around?
  • Assets under management – how big is it – for example, the size of a mutual fund
  • Liquidity – how easy is it to move in or out of the product?
  • Consistency of performance – how much have the returns fluctuated?
  • The risk associated with the product – what risks impact the product?
  • Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds

With such a scientific and detailed approach Scripbox ensures:

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Our investment product selection science helps us help you, without biases clouding the evaluation.

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