SBI Magnum Gilt Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 63.83   0.0246(0.039 %) NAV as on 24 May 2024
Prime Rating: 5 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 8,557.84
Fund category:
Gilt
Fund manager(s):
Rajeev Radhakrishnan, Tejas Soman
Benchmark:
Nifty All Duration G-Sec Index
Minimum investment:
₹ 5000
Launch date:
02 Jan 2013
Min. additional investment:
₹ 1000
Expense ratio:
0.46 %
Exit load:
N/A

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


Performance (As on 24 May 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.51 % 2.10 %5.23 % 7.59 % 6.49 %8.39 % 9.32 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
7.10% CGL 2034
Government Securities
37.49%
Sovereign
7.18% CGL 2033
Government Securities
24.66%
Sovereign
7.25% CGL 2063
Government Securities
11.53%
Sovereign
7.46% State Government of Maharashtra 2041
Government Securities
8.1%
Sovereign
7.48% State Government of Uttar Pradesh 2040
Government Securities
3.6%
Sovereign
182 DAY T-BILL 02.05.24
Treasury Bills
3.45%
Sovereign
8.34% CGL 2033
Government Securities
2.81%
Sovereign
6.62% CGL 2051
Government Securities
2.15%
Sovereign
91 DAY T-BILL 30.05.24
Treasury Bills
1.74%
Sovereign
7.51% State Government of Uttar Pradesh 2040
Government Securities
1.28%
Sovereign

About this category

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 years.

Suitability

These funds suit any investor with investment horizons above 5 years.

Taxation

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.

How are mutual fundstaxed

How are mutual funds taxed?

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