Why Is SBI Magnum Low Duration Fund Best Scheme of its Category?

Everyone wants to invest in the best mutual fund schemes. In fact, many of us always keep searching for the best funds of various categories, so that our portfolio grows. So today, the experts of MySIPonline have brought you a fund which is best in low duration mutual fund category, namely SBI Magnum Low Duration Fund. The fund has constantly given good returns and is ideal for short-term investors. Let’s see why we are recommending this fund starting with its basic details.

Outperforming Returns

SBI Magnum Low Duration has delivered outstanding returns all these years. It has always managed to beat the benchmark as well as the category average in its calendar year returns. Besides this, in the past year, the fund has delivered the returns of 7.56% which is higher both than its index and peers. So, investors who want to invest in the fund can expect high returns with moderate risk from it.

High Rated Portfolio

SBI Magnum Low Duration Fund- Growth Plan is investing in 65 securities currently. These instruments are of high credit risk and low-interest rate sensitive. The average rating of its portfolio is AAA, which can yield approximately 8.34% of returns at their maturity. The average maturity of the fund is 0.57 years so that investors can get good returns with the least risk in its portfolio. Most of its instruments are debentures, commercial papers, and bonds. These have a maturity between 6 to 12 months.

Experienced Fund Management

Mr Rajeev Radhakrishnan manages SBI Magnum Low Duration Growth Fund since 2008. He selects the best instruments from the entire range of debt and money market securities in line with the investment objective to provide attractive risk-adjusted returns to its investors. He actively manages the credit risk and interest rate risk of the portfolio to deliver exceptional performances.

Who Should Invest?

SBI Magnum Low Duration Fund- Regular Plan provides investors with an opportunity to generate returns by investing in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months. So, investors who have a moderately low-risk appetite and 6 to 12 months of the investment horizon.

Investors who want to invest in growth and dividend options of SBI Magnum Low Duration Fund start it off just by registering themselves at MySIPonline. If you face any issue in investing or registering, you can connect us via call or email. You can also post your queries regarding the fund and mutual fund investments here, and our financial experts will reach you soon.