SBI Magnum Income Fund-Regular Plan-Growth

SBI Magnum Income Fund-Regular Plan-Growth is a fund scheme from SBI mutual fund. It falls under a Medium to Long Duration category. After being launched on 1998-11-25. SBI Magnum Income Fund-Regular Plan-Growth has achieved Rs 1890.38 Crores worth of assets under management (AUM). It allows minimum SIP of Rs 500 and lumpsum of Rs 5000 to start the investment. The expense ratio of this fund is 1.46%.

• Investing Strategy:

  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.

• Performance:

  SBI Magnum Income Fund-Regular Plan-Growth trailing returns over different times are 10.4% (1 year), 7.62% (3 year), 6.93% (5 year). The average annual return of this fund stands at 10.4%

• Fund Manager & Portfolio Allocation:

  Lokesh Mallya, Pradeep Kesavan, Adesh Sharma are the current fund managers of this mutual fund. The fund has a majority of its money invested in the top 5 sectors such as , Sectors. First five holdings of this fund are 6.79% Govt Stock 2034, 7.23% Govt Stock 2039, 7.3% Govt Stock 2053, Torrent Power Limited, Godrej Properties Limited, Treps, Net Receivable / Payable, HDFC Bank Limited, Corporate Debt Market Development Fund-A2, HDFC Bank Limited Companies.