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With 17.99% Returns On 5 Years SIP, This Gilt Fund Is Good To Invest
When investment decisions go wrong investing in instruments necessitates thorough study and risk analysis. Some of the investment decisions made by fund managers when creating the debt scheme portfolio may not produce the expected returns and could attract risk. However, investment in debt funds like Gilt funds which invest in government securities is a low-risk debt instruments. These funds offer good returns as well as offers low risk to the investors.
SBI Magnum Constant Maturity Fund - Direct Plan-Growth
This is an open-ended Gilt with 10-year Constant Duration mutual fund scheme launched on 31 December 2020 by the SBI Mutual Fund. The fund's Asset Under Management is Rs 671.49 crore. The NAV as of 22nd April 2022 is Rs 51.424. The expense ratio of the fund is 0.34%, which is close to its category average but slightly higher. It is a medium-sized fund of its category.
This fund is ranked moderated risky for investment. To start investment in this fund the minimum investment amount required for lump-sum payment is Rs 5000, whereas, the SIP required amount is Rs 500. There is no lock-in period in this fund. Also, there are exit charges. Its benchmark is the NIFTY 10 Years Benchmark G-Sec Index.
Absolute And Annualised Returns
Lump-Sum Investment
Since its launch, it has delivered 9.16% average annual returns.
| Investment Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 1.49% | 1.49% |
| 2 Year | 7.44% | 3.65% |
| 3 Year | 25.23% | 7.78% |
| 5 Year | 45.39% | 7.76% |
| Since Inception | 125.95% | 9.16% |
SIP Returns
| SIP Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | -0.90% | -1.66% |
| 2 Year | 1.11% | 1.07% |
| 3 Year | 5.79% | 3.69% |
| 5 Year | 17.99% | 6.55% |
Portfolio
Fund has 95.69% investment in Debt of which 95.69% is in Government securities, which makes the Government of India fund's top holdings.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. In this category, most funds lend to better borrowers and hence the risk of default in this fund is higher than in the category.
Disclaimers
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
