scripbox logo
  • right-arrow
  • Mutual Funds
    right-arrow
  • SBI Funds Management Private Limited
    right-arrow
  • SBI Magnum Ultra Short Duration Fund (Growth)

Formerly SBI Magnum Insta Cash Reg Cash

SBI Magnum Ultra Short Duration Fund (Growth)

SBI Magnum Ultra Short Duration Fund (Growth)

DebtUltra Short

Recommended

Top Ranked

4733.3511

NAV (Aug 03)

6.4%
3 Year CAGR
Scripbox Opinion

Recommended

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.

Our analysis of this fundLearn how we rate funds ->

Track Record

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

Relative Size

12,143 Cr. Large within the category

Impact of Interest Rate Changes

Low Interest Rate Risk. The impact on fund value is quite low 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

Invest in this fund
Invest in this fund as part of a scientific Scripbox plan. Explore the plan below.
Short Term Money

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

No single fund can achieve what a plan can. Learn why

info-icon-blue

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.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

risk-indicator-arrow.svg

Low to Moderate Risk

Expense Ratio
0.49 %
Launched (22y ago)
May 21, 1999
AUM in Crores
₹ 12,143
ISIN
INF200K01LJ4
Lock-in
No Lock-in
Benchmark
NIFTY Ultra Short Duration Debt TR INR
SIP Minimum
₹ 1,000
Lumpsum Min.
₹ 5,000
Fund Managers
user-avatar

Arun R.

Fund Manager

user-avatar

Rajeev Radhakrishnan

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

Comparison with Debt Funds

Kotak Savings Fund (G)

Kotak Savings Fund (G)

Ultra Short

Recommended

Top Ranked

17 Years

Age

5

Track Record

Aditya Birla Sun Life Liquid (G)

Aditya Birla Sun Life Liquid (G)

Liquid

Recommended

Top Ranked

17 Years

Age

5

Track Record

SBI Magnum Ultra Short Duration Fund (G)

SBI Magnum Ultra Short Duration Fund (G)

Ultra Short

Recommended

Top Ranked

22 Years

Age

5

Track Record

Nippon India Liquid Fund (G)

Nippon India Liquid Fund (G)

Liquid

Recommended

Top Ranked

18 Years

Age

5

Track Record

ICICI Prudential Savings Fund (G)

ICICI Prudential Savings Fund (G)

Low Duration

Recommended

Top Ranked

19 Years

Age

5

Track Record

amc-icon

About the AMC

SBI Funds Management Private Limited

SBI Funds Management Private Limited manages assets worth 399,510 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

SBI Focused Equity Fund (G)

SBI Focused Equity Fund (G)

Diversified

Recommended

Top Ranked

₹ 16,856 Cr

Fund Size

16.90%

5 Year CAGR

5 Y CAGR

SBI Magnum Ultra Short Duration Fund (G)

SBI Magnum Ultra Short Duration Fund (G)

Ultra Short

Recommended

Top Ranked

₹ 12,142 Cr

Fund Size

6.40%

3 Year CAGR

3 Y CAGR

SBI Focused Equity Fund Inc Dist cum Cap Wdrl (RIDCW-A)

SBI Focused Equity Fund Inc Dist cum Cap Wdrl (RIDCW-A)

Diversified

Top Ranked

₹ 16,856 Cr

Fund Size

16.90%

5 Year CAGR

5 Y CAGR

SBI Magnum Ultra Short Duration Fund of Income Dist cum cap wdrl (RIDCW-W)

SBI Magnum Ultra Short Duration Fund of Income Dist cum cap wdrl (RIDCW-W)

Ultra Short

Top Ranked

₹ 12,142 Cr

Fund Size

5.20%

3 Year CAGR

3 Y CAGR

SBI Magnum Ultra Short Duration Fund of Income Dist cum cap wdrl (D-W)

SBI Magnum Ultra Short Duration Fund of Income Dist cum cap wdrl (D-W)

Ultra Short

Top Ranked

₹ 12,142 Cr

Fund Size

5.20%

3 Year CAGR

3 Y CAGR

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

How to invest in best mutual funds?

Investing through Scripbox is made easy and paperless. All you need to do is follow the below steps and start investing.

01

Choose a plan

Choose a plan to invest to start investing

02

Create an Account

Create an account with Scripbox through a paperless process, to invest in this fund.

03

Invest online & transfer

Invest via netbanking, UPI or through an SIP (eNACH mandate).

04

Track your investments

Track, invest more and withdraw your investments through the Scripbox dashboard

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

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?

Scripbox uses time-tested principles, historical data, and valid assumptions about asset classes. We combine them with a rigorous process to finalize which asset classes make the most sense for specific types of objectives, considering the time needed to achieve them.

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:

  • Bias free product selection – commissions don’t sway our decisions
  • Minimal human intervention and thus minimal impact of emotions and behavioral biases
  • Consideration of the maximum number of factors that can impact an investment product
  • Application of logic to investment product selection 

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

Get started with investing today

Invest in the best mutual funds recommended by Scripbox that are algorithmically selected that best suit your needs.

Build Short Term Wealth

Build Short Term Wealth

Beat FD returns with the best debt mutual funds

Save Taxes, Build Wealth

Save Taxes, Build Wealth

Top ELSS funds to save tax the smart way

Achieve Life Goals

Achieve Life Goals

Customised plans for retirement, child education & more

filter
Show Calculator