SBI Magnum Medium Duration Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW)

SBI Magnum Medium Duration Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW) is a fund scheme from SBI mutual fund. It falls under a Medium Duration category. After being launched on 2003-11-12. SBI Magnum Medium Duration Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW) has achieved Rs 6552.34 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 1.22%.

• Investing Strategy:

  To provide investors an opportunity to generate attractive returns with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years - 4 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 Medium Duration Fund - Regular Plan - Income Distribution cum Capital Withdrawal Option (IDCW) trailing returns over different times are 9.58% (1 year), 7.93% (3 year), 6.97% (5 year). The average annual return of this fund stands at 9.58%

• Fund Manager & Portfolio Allocation:

  Lokesh Mallya, Mohit Jain, Pradeep Kesavan 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 7.18% Govt Stock 2033, 7.18% Govt Stock 2037, 6.79% Govt Stock 2034, Godrej Properties Limited, 7.23% Govt Stock 2039, Treps, Punjab National Bank, Net Receivable / Payable, HDFC Bank Limited, Canara Bank Companies.