SBI Magnum Constant Maturity Fund(G)-Direct Plan
View the regular plan of this scheme
Rs 59.182 -0.0318(-0.054 %) NAV as on 08 May 2024
Scheme Objective: To provide returns to the investors generated through investments predominantly in Government securities issued by the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.
Performance (As on 08 May 2024)
| 1 week returns | 3 month returns | 6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
|---|---|---|---|---|---|---|---|
| Scheme | 0.51 % | 1.22 % | 4.46 % | 6.31 % | 5.04 % | 7.33 % | 8.79 % | >
Portfolio
Gilt debt funds invest in government securities of varying maturities. Returns primarily come from price appreciation on these instruments. Funds change portfolio maturities depending on the stage of the rate cycle and can go from very long term of over 10 years to short term. As gilts tend to be the most traded and reactive, returns may be volatile in the short term. Within gilt funds, some may be constant maturity funds where the portfolio maturity is maintained at 10 yrs.
These funds suit any investor with investment horizons above 5 years.
For investments made before April 1st, 2023
Short-term: Holding period is less than 36 months.
Taxation: Capital gains are taxed at individuals slab rate
Long-term: Holding period is 36 months or more.
Taxation: Capital gains are taxed at 20% with indexation benefit.
For investments made on and after April 1st, 2023
All capital gains are treated as short-term capital gains irrespective of holding period and will be taxed at individuals slab rate.
