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SBI Magnum Ultra Short Duration Fund Direct Plan Daily Dividend Reinvestment

Debt

  

Ultra Short Duration Fund

NAV

1675.654 -0.6907

as on (09 Apr, 2020)

RETURNS

5.17 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.34 %

Benchmark

NIFTY Ultra Short Duration Debt TR INR

Asset Size

14116.39 Cr.

(As of 30 Apr, 2019)

Risk

Low

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.

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Fund manager

Rajeev Radhakrishnan

(since 01 May, 2010)

Exit load

N / A

Minimum sip

₹ 0

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

Novy MIR Lightweighting Solutions Private Limited

4.75 %

National Housing Bank

4.52 %

RMZ Infotech Private Limited

4.11 %

Small Industries Development Bank Of India

3.96 %

Sector Allocation

About the Scheme Type

Ultra Short Duration Fund

Short Duration Mutual Funds usually have an investment horizon spanning about 1 – 3 years, with a scope to be extended to 4 years. Short Duration Mutual Funds are often accompanied by modest risks and non-volatile returns and theydo not even attract penalty on pre-mature withdrawals. These are usually beneficial for investors with lower risk appetite and offer greater post tax returns in comparison to other non-equitycounterparts of the same tenure.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

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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.