SBI Magnum Global Fund

Nature of fund:

Open-ended Equity scheme.

Investment objective:

The SBI Magnum Global Fund aims to provide investors the highest possible growth through highly-researched investments in Indian equities, PCDs and FCDs from hand-picked industries with potentially high growth, and through investments in bonds.

Fund information:

Inception date 30th September, 1994
CRISIL rank

CRISIL Rank 2 in the Consistent Performers category.

CRISIL Rank 3 in the Small and Mid-cap equity funds category.

Plans

•Regular.

•Direct.

Options

•Growth.

•Dividend.

Schemes

•SBI Magnum Global Regular Growth Fund.

•SBI Magnum Global Regular Dividend Fund.

•SBI Magnum Global Direct Growth Fund.

•SBI Magnum Global Direct Dividend Fund.

Entry load None.
Exit load

•For exit within 18 months from the date of allotment = 1.5%.

•For exit after 18 months from the date of allotment = 0.

Minimum investment

•Rs.5,000.

•Additional Investment: Rs.1,000 (in multiples of Re.1).

SIP Monthly

•Minimum Rs.1000 (in multiples of Re.1) for minimum six months.

•Minimum Rs.500 (in multiples of Re.1) thereafter for minimum one year.

Quarterly

•Minimum Rs.1500 (in multiples of Re.1), thereafter for minimum one year.

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

•Long term capital appreciation.

•Investments in Indian Equities, PCDs and FCDs for selected industries with high growth potential.

Benchmark S&P BSE Midcap

BSE introduced the new index series called 'S&P BSE MID Cap' index and 'S&P BSE Small Cap' index to track the performance of companies with relatively smaller market capitalization.

SWP Yes
STP Yes
Redemption Redemption time – 3 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

Mr. R Srinivasan is credited with bringing back SBI’s mutual fund products from a failed venture to a highly profitable and successful product line. He is a post graduate in commerce and has a master’s degree in finance from the University of Mumbai. With over 19 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 when he joined 2009. He was promoted to the Head of Equity in 2011.

Investment philosophy

SBI Magnum Global Fund will be investing in:

  • Equity & equity related instruments.
  • Derivatives and also debt instruments (including securitized debt).
  • Money market instruments - call repos, reverse repos and any alternative to the call money market.
  • Select securities, primarily in equities, FCDs, PCDs, NCDs listed on Indian Stock Exchanges
  • Other capital market related instruments, FDs of scheduled commercial banks, call and other money market instruments.

Portfolio – Top 10 Holdings

Equity Sector Percentage of AUM
Britannia Industries Ltd. Food & Beverages 4.19
Procter & Gamble Hygiene & Health Care Ltd. Consumer Non-durables 3.78
MRF Ltd. Automotive 3.55
Solar Industries India Ltd. Chemicals 3.39
Cholamandalam Invest & Finance Co. Ltd. Banking/ Finance 3.16
Page Industries Ltd. Manufacturing 3.08
Shriram City Union Finance Ltd. Banking/ Finance 3.01
Eicher Motors Ltd. Automotive 2.97
Sundaram Finance Ltd. Banking/ Finance 2.91
United Breweries Ltd. Food & Beverages 2.85

Risk measures:

Sharpe Ratio 1.78%
Alpha N/A
Beta 0.67%
Standard deviation 13.51%

Performance

AUM (as on 30th June, 2015) Rs.1,946 crores.
NAV (as on 31st August, 2015)

•SBI Magnum Global Regular Growth Fund = 131.7216.

•SBI Magnum Global Regular Dividend Fund = 53.8762.

•SBI Magnum Global Direct Growth Fund = 134.1863.

•SBI Magnum Global Direct Dividend Fund = 63.1439.

Returns and benchmark comparison
Date Scheme returns S&P BSE Midcap Index S&P BSE Sensex
Since Inception (till 30th June, 2015) CAGR Returns: 15.73% PTP Returns: Rs.2,07,468 CAGR Returns: N.A. PTP Returns: N.A. CAGR Returns: 9.43% PTP Returns: Rs.64,893
30th June, 2014- 30thJune, 2015 35.70 22.32 9.31
30th June, 2013- 30thJune, 2014 52.56 39.08 31.03
30th June, 2012- 30thJune, 2013 12.66 10.56 11.28
Expenses
Slab Rates SBI Magnum Global 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

Managed by Mr. R Srinivasan, this fund is one of the better performers in the category. With shrewd investments in equities and money market instruments alike, the fund has a huge potential to even be the best in the category. Historically, the returns for this fund have always been above the category average. Not more than 30% of your investment portfolio should be directed towards any one investment – and the same holds true here, as experts recommend it.

How to apply

You can apply online through the SBI mutual fund website, or alternatively call the SBI mutual funds office and they will guide you through a step-by-step procedure on how to invest. There’s a 24/7 dedicated toll free number you can call, and you can also send an SMS showing your intent to invest. All these details of the number to call or SMS can be found on the SBI mutual funds website. You can also contact any one of SBI’s Investor Service Centres.

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