SBI Magnum Equity Fund

SBI Magnum Equity ESG Fund-Reg(G)
Dividend Yearly
NA
Category
Equity - Large Cap
52-week NAV high
498.14  (As on 28-11-2019)
52-week NAV low
418.97  (As on 10-12-2018)
Expense
2.35%  (As on 31-07-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -0.36 8.85 2.77 14.35 8.48 11.89 11.66 9.09 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 1991
Last Dividend
NA
Minimum Investment
1000

Fund Name:

SBI Magnum Equity Fund

Nature of fund:

Open-ended Equity Fund.

Investment objective:

This fund’s objective is to provide long-term capital appreciation through investment in high growth companies. It also brings with it the liquidity of an open-ended scheme by investing predominantly in equities and the balance in debt and money market instruments.

Fund information:

Inception date 1st January, 1991.
CRISIL rank CRISIL Rank 3 in the Large Cap category.
Plans

•Regular.

•Direct.

Options

•Growth.

•Dividend.

Schemes

•SBI Magnum Equity Regular Growth Fund.

•SBI Magnum Equity Regular Dividend Fund.

•SBI Magnum Equity Direct Growth Fund.

•SBI Magnum Equity Direct Dividend Fund.

Entry load None.
Exit load

•For exit within 1 year from the date of allotment = 1.00%.

•For exit after 1 year from the date of allotment = None.

Minimum investment Rs.5,000.
SIP Monthly:

•Minimum Rs.1,000 in multiples of Re.1 for a minimum of 6 months.

•Minimum Rs.500 in multiples of Re.1 for a minimum of 1 year.

Quarterly:

•Minimum Rs.1,500 in multiples of Re.1 for a minimum of 1 year.

Product label – Risk and target investors Moderately High Risk. Target investors are those who are seeking:

•Long term capital appreciation.

•Investments in a portfolio of high growth companies.

•Deductions under Section 80C of the Income Tax Act, 1961.

•Liquidity of an open-ended scheme through investments in equities.

Benchmark CNX Nifty Index.

The CNX Nifty Index is a highly diversified stock index consisting of 50 stocks across 23 sectors of the economy. It’s used to benchmark fund portfolios, index based derivatives and index funds.

SWP Yes. Minimum withdrawal of Rs.500.
STP Yes.
Redemption Redemption time – 10 days.
Taxation (on investment and on redemption) The taxation implications of being associated with a mutual fund must be thoroughly discussed with your tax advisor.

Fund manager

Mr. R Srinivasan

With over 12 years of experience with leading brokerage companies like Future Capital Holdings, Principal PNB asset management, Motilal Oswal, Sunidhi Consultancy and Blackstone, Mr. R Srinivasan has brought a wealth of knowledge and experience to SBI Mutual Funds in 2009. He was promoted to the Head of Equity in 2011. He is a post graduate in commerce and has a master’s degree in finance from the University of Mumbai.

Investment philosophy or strategy

  • This fund invests 90% - 100% of its assets in large cap stocks.
  • All large cap stocks are from the top 100 companies in terms of market capital rank.
  • Aims to lie between the 15th and 45th percentile of the large capital peer group.
  • Aims to target a benchmark coverage of around 50%, which is the sum of the lower of the portfolio or the benchmark weight of stocks owned.
  • High on concentration as compared to the concentration on the benchmark.
  • Max of 10% cash.

Portfolio – Top 10 Holdings

Equity Sector Percentage of AUM
HDFC Bank Banking / Finance 9.66%
Infosys Information Technology 5.96%
Coal India Ltd. Metals & Mining 5.90%
ITC Ltd. Tobacco 5.41%
State Bank of India Banking / Finance 5.13%
Kotak Mahindra Bank Ltd. Banking / Finance 4.95%
Maruti Suzuki India Automotive 4.79%
Tata Consultancy Services Information Technology 4.56%
Sun Pharmaceuticals Pharmaceutical 4.55%
TATA Motors Automotive 4.31%

Risk measures:

Sharpe Ratio 0.96%
Alpha N/A
Beta 0.93%
Standard deviation 13.51%

Performance

AUM (as on 30th June, 2015) Rs.1,325.42 crores
NAV (as on 31st August, 2015)

•SBI Magnum Equity Regular Growth Fund = 73.1679.

•SBI Magnum Equity Regular Dividend Fund = 31.667.

•SBI Magnum Equity Direct Growth Fund = 74.4138.

•SBI Magnum Equity Direct Dividend Fund = 36.7476.

Returns and benchmark comparison
Date Scheme returns CNX Nifty S&P BSE Sensex
Since Inception (till 30th June, 2015) CAGR Returns: 15.42% PTP Returns: Rs.3,23,690 CAGR Returns: 14.26% PTP Returns: Rs.2,62,377 CAGR Returns: 14.53% PTP Returns: Rs.2,78,014
30th June, 2014- 30thJune, 2015 20.87% 9.95% 9.31%
30th June, 2013- 30thJune, 2014 32.57% 30.28% 31.03%
30th June, 2012- 30thJune, 2013 9.89% 10.67% 11.28%
Expenses
Slab Rates SBI Magnum Equity Fund expenses as a % of daily net assets
First 100 crores 2.50%
Next 300 crores 2.25%
Next 300 crores 2%
Balance Assets 1.75%

Expert view of the fund + outlook

Managed by Mr. R Srinivasan, the man who brought SBI mutual funds into the limelight, this fund is one of the better performers in the category. The fund has a huge potential to even be the best in the category under Mr. R Srinivasan’s management. The historical returns for this fund have always been above the category average and one can continue one’s investments in this fund. Bear in mind, however, that experts suggest that not more than 30% of your entire investment portfolio must be invested here.

How to apply – online + distributors

You can apply online through the SBI mutual fund website. Alternatively, you can approach the bank directly at any one of the banks many Investor Service Centres. CAMS has also set up service centres for the convenience of investors and intermediaries. Applying online has its own advantages, such as speed and efficiency, but people who approach the bank directly have a better chance of knowing all possible details about the scheme as the bank representative will be available to them.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

GST rate of 18% applicable for all financial services effective July 1, 2017.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.