Rating : ★ ★ ★ ★ ★

SBI Magnum Gilt Fund Direct Growth

Debt

  

Gilt Fund

NAV

51.5 +0.0522

(as on 21 Oct, 2020)

RETURNS

9.49 %

Fund Type

Open Ended

Investment Plan

Growth

Investment Plan

0%

Benchmark

CRISIL Dynamic Gilt TR INR TR INR

Asset Size

3692.63 Cr.

(As of 30 Sep, 2020)

Risk

Moderate

Objective

To provide returns to the investors generated through investments in Government securities issued by the Central Government and/or State Government(s).

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Fund manager

Dinesh Ahuja

Exit load

N / A

Minimum sip

₹500

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

6.19% Govt Stock 2034

59.02%

7.57% Govt Stock 2033

18.23%

6.45% Govt Stock 2029

12.73%

7.16% Govt Stock 2050

6.89%

Sector Allocation

About the Scheme Type

Gilt Funds invest in various government bonds and securities, which makes them extremely less risky than all the other investment vehicles. These are ideal for risk-averse newbies as well as small investors because the money invested is in the safe hands of the government. The returns here is based on therepo rate fixed by the RBI, and are usually reasonable and consistent. While there’s not much volatility here, it will be wrong to term it as completely risk-free as the interest rate changes by the government can negatively impact your returns.

Ratings

This fund is rated 5 stars by Morning Star Ratings.

★ ★ ★ ★ ★

Overview of SBI Funds Management Private Limited

With 30​ years of rich experience in fund management, we at SBI Mutual Fund, bring forward our expertise by consistently delivering value to our investors. SBI Mutual Fund has a strong and proud lineage tailing back to the State Bank of India (SBI) - India's largest bank. SBI Mutual Fund is a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies.

SBI Mutual Fund’s vision -

“To be the most trusted and respected Asset Manager”, and we deliver value and nurture the trust of our vast and varied family of investors, with our network of over 222 acceptance points across India. Investors are our priority. SBI Mutual Fund’s mission is to establish Mutual Funds as a viable investment option to the masses in the country. While on our way towards achieving it, we, at SBI Mutual Fund, have developed innovative, need-specific products and educated the investors about the added benefits of investing in capital markets via Mutual Funds. Today, SBI Mutual Fund has been actively managing investor's assets not only through our investment expertise in domestic mutual funds, but also offshore funds and portfolio management advisory services for institutional investors.