Investment Objective and Approach

The investment objective of the SBI Magnum Income Fund is to generate regular income by investing in a diversified portfolio of debt securities. The fund will invest at least 80% of its assets in debt securities. It invests in debt and money market instruments such that the macauley duration of the portfolio is between 4 - 7 years.

The fund follows a medium to long duration strategy, making it ideal for investors seeking stable income generation. It is suitable for investors with low risk profile having investment horizon of 48 months and above and looking for alternative to fixed deposits. The SBI Magnum Income Fund is a good option for investors who are looking for regular income. The fund is also a good option for investors who are looking for a low-risk investment.

Key financial metrics as of latest available data:

- AUM: ₹1,918.19 crore as of April 17, 2025

- Expense ratio: 0.77% for direct plan as of April 17, 2025

- Fund launched on January 1, 2013 and has delivered a CAGR of 8.31% since inception

- Annualised return of 6.00% over the past five years as of July 11, 2025

Fund Managers

Lokesh Mallya, Pradeep Kesavan, and Adesh Sharma are the current fund managers of this mutual fund. With an extensive experience of 15 years while managing equity & related investments, the fund managers are focused on picking quality companies and hold them for a long duration to generate good compounding returns in their funds.

The fund management team brings deep expertise in debt market analysis and interest rate management, ensuring optimal portfolio construction aligned with the fund's investment philosophy.

About the Fund House (AMC)

SBI Mutual Fund was established on June 29, 1987, as a Trust, with State Bank of India (SBI) acting as the sponsor and SBI Mutual Fund Trustee Company Private Limited serving as the Trustee. It received registration from SEBI on December 23, 1993.

A significant development occurred on April 13, 2011, when an agreement was inked between SBI and AMUNDI Asset Management, transforming the fund house into a joint venture. With 30 years of rich experience in fund management, SBI Funds Management Ltd. (SBIFML) brings forward their expertise by consistently delivering value to their investors. They have a strong and proud lineage that traces back to the State Bank of India (SBI) - India's largest bank. They are a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies, SBI currently holds 63% stake in SBIFMPL.

Key achievements of SBI Mutual Fund:

- It was the first Indian Mutual Fund to introduce a 'Contra' fund, known as the SBI Contra Fund

- SBI Mutual Fund holds the distinction of being the first in India to launch an ESG Fund, focusing on Environment, Social, and Governance criteria for sustainable investments in major markets

- The fund house manages Assets Under Management (AUM) totaling Rs. 8.5 lakh crores, as of December 2023

Should I Invest in SBI Magnum Income Fund?

This fund suits specific investor profiles and financial goals:

Ideal for:

- Conservative investors seeking regular income over capital appreciation

- Investors with a time horizon of 4+ years

- Those looking for alternatives to traditional fixed deposits

- Risk-averse investors comfortable with moderate interest rate risk

Investment considerations:

- The minimum SIP amount is ₹500

- Minimum lump sum investment is ₹5,000

- The category risk of the fund is Moderately High risk

- However, the fund is not suitable for investors who are looking for high returns. The fund's investment objective is to generate regular income, which means that you may not see significant returns in the short term.

The fund's focus on medium to long duration debt securities makes it sensitive to interest rate movements, which investors should consider based on their risk tolerance and market outlook.

FAQs

What is today's NAV of SBI Magnum Income Fund?

The NAV changes daily based on market movements. You can check the latest NAV on Allvest platform or the fund house website for current pricing.

What is the AUM of SBI Magnum Income Fund?

The AUM of SBI Magnum Income Fund is ₹1,918.19 crore as of April 17, 2025.

What is the expense ratio of SBI Magnum Income Fund?

The expense ratio is 0.77% for the direct plan as of April 17, 2025. Regular plan has a higher expense ratio due to distributor commissions.

What are the returns of SBI Magnum Income Fund since inception?

The fund has delivered a CAGR of 8.31% since inception (launched on January 1, 2013).

What is the minimum SIP amount to invest in SBI Magnum Income Fund?

The minimum SIP amount is ₹500.

How do I invest in SBI Magnum Income Fund?

You can invest in SBI Magnum Income Fund through Allvest platform by creating an account, completing KYC, and selecting the fund for investment via SIP or lump sum.

How to start a SIP in SBI Magnum Income Fund?

Log in to your Allvest account, search for SBI Magnum Income Fund, select SIP option, choose investment amount and frequency, then complete the payment setup.

How do I automate an SIP in SBI Magnum Income Fund?

Use the Auto-Invest feature on investment platforms like Allvest. This allows you to set up automatic investments, SIPs in mutual funds at regular intervals. Once configured, your chosen amount will be invested automatically, ensuring consistent contributions without manual intervention.

How can I withdraw/redeem my investment in SBI Magnum Income Fund?

You can redeem your investment through Allvest platform by accessing your portfolio, selecting the fund, choosing redemption amount, and submitting the request. Proceeds are typically credited within 1-3 business days.