SBI Magnum Debt Mutual Fund is a low-risk, open-ended debt mutual fund designed for investors seeking steady returns with minimal volatility. Backed by SBI Mutual Fund, one of India’s most trusted AMCs, it primarily invests in high-quality government securities, corporate bonds, and money market instruments.
Key Fund Details
- Fund Name: SBI Magnum Debt Fund – Direct Plan – Growth
- Category: Debt – Medium Duration Fund
- Launch Date: March 01, 2002
- Minimum SIP Amount: ₹500
- Fund Manager: Mr. Dinesh Ahuja
- Expense Ratio: ~0.85% (Direct Plan)
- Risk: Moderate
Historical Returns
| Period | Returns (%) |
|---|---|
| 1 Year | 6.72% |
| 3 Years (CAGR) | 5.81% |
| 5 Years (CAGR) | 7.05% |
| Since Inception | 7.52% |
Note: Returns are as of May 2025. Past performance is not indicative of future returns.
Asset Allocation
- Corporate Bonds: 45%
- Government Securities: 30%
- Money Market Instruments: 20%
- Cash & Others: 5%
Comparison with Similar Funds
SBI Magnum Debt Fund offers a good balance of return and safety with a lower expense ratio.
Advantages
- Stable and predictable returns
- Lower volatility compared to equity funds
- Ideal for short to medium-term goals (3-5 years)
- Managed by experienced fund managers
- Invests in high-credit quality instruments
Disadvantages
- Returns may not beat inflation in the long run
- Interest rate risk if market rates change suddenly
- Exit load applicable if withdrawn early
Who Should Invest?
- Conservative investors looking for low-risk options
- People with short-to-medium investment horizon
- Senior citizens and retirees needing better returns than FD
- Investors looking to diversify from equity
How to Invest?
- Through SBI Mutual Fund website
- Via trusted platforms like Groww, Zerodha Coin, or Paytm Money
- Offline through SBI branches
Internal Links
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