SBI Magnum Ultra Short Duration Fund (Growth) is recommended for investment within ultra short mutual funds.
Ultra short 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.
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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.
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 367,708 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.
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About SBI Magnum Ultra Short Duration Fund (G)
About SBI Magnum Ultra Short Duration Fund (G)
SBI Magnum Ultra Short Duration Fund (G) is a ultra short debt fund and has delivered an annualised return of 7.3% over a period of 22 years .The fund was previously known as SBI Magnum Insta Cash Reg Cash.The fund is managed by SBI Funds Management Private Limited.The fund manager’s name is Rajeev Radhakrishnan.
SBI Magnum Ultra Short Duration Fund (G) 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. However, there is no assurance that the objective of the scheme will be realized.
Currently, the fund is recommended by Scripbox.
SBI Magnum Ultra Short Duration Fund (G) NAV,AUM,Risk
The SBI Magnum Ultra Short Duration Fund (G) fund was launched on May 21, 1999. The NAV (Net Asset Value) of this ultra short debt as of 2021-05-06 is ₹ 4694.2909. The total AUM (Asset Under Management) of the fund as of 2021-05-07 is ₹ 9007.035. The category risk of the SBI Magnum Ultra Short Duration Fund (G) fund is Low to Moderate Risk.
The fund charges 0.49 % as expense ratio.
SBI Magnum Ultra Short Duration Fund (G) Holdings
The fund’s highest allocation is towards others and has invested 50.2% in this asset class. The top three holdings of the fund are rural electrification corporation limited,8.79% govt stock 2021 and 8.20% govt stock 2022
SBI Magnum Ultra Short Duration Fund (G) 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 Ultra Short Duration 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 NIFTY Ultra Short Duration Debt TR INR.
SBI Magnum Ultra Short Duration Fund (G) Review
SBI Magnum Ultra Short Duration Fund (G) has a score of 5 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 Ultra Short Duration Fund (G) has a score of 4 out of 5.
The credit risk of the fund is 4 out of 5 as compared to other debt funds.
