Investment Objective and Approach

The scheme seeks to provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments. The fund invests in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

Ultra-short duration debt funds predominantly invest in bonds maturing in three to six months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for the next six months up to 1-1.5 years. Those who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Fund Managers

The fund is managed by experienced professionals with strong academic and industry backgrounds:

- Sudhir Agrawal: M.Com, PGDBA (Finance) and a CFA. Prior to joining SBI MF he has worked with UTI MF, TATA Asset Management Ltd., Tramp Value Pvt. Ltd. and CARE Ratings.

- Pradeep Kesavan: Has done B.Com, MBA (Finance) and CFA. Prior to joining SBI MF, he has worked with Elara Capital, Accenture Strategy, Morgan Stanley and 3i Infotech.

- Ardhendu Bhattacharya and Rajeev Radhakrishnan: Are the fund managers of SBI Magnum Ultra Short Duration Fund Direct Growth with extensive experience of 15 years while managing equity & related investments.

About the Fund House (AMC)

SBI Mutual Fund was launched as a joint venture between State Bank of India (SBI) and AMUNDI of France which is an asset management company, way back in 1987. You will find State Bank of India as the sponsor and SBI Mutual Fund Trustee Company Private Limited as the trustee of the SBI Mutual Fund.

SBI Mutual Fund is one of India's leading asset management companies with 145 schemes under management. The AMC combines the trust and reach of State Bank of India with the global expertise of AMUNDI, providing investors with professional fund management services across various categories.

Key Fund Details (as of July 2025):

- NAV: ₹5,991.17 as of 07 Jul 2025

- AUM: ₹16,433.66 Crores as on 2025-07-07

- Expense Ratio: 0.55%

- Minimum Investment: ₹5,000 for lumpsum and ₹500 for SIP

- Launch Date: 13-05-1999

Recent Performance:

- 1-year return: 7.61%

- 3-year return: 7.06%

- 5-year return: 5.65%

- Since inception return: 7.08% p.a.

Should I Invest in SBI Magnum Ultra Short Duration Fund?

This fund is suitable for investors looking for:

Advantages:

- High Liquidity: Ideal for parking emergency funds or surplus money

- Short Investment Horizon: Suitable for investments ranging from 6 months to 1.5 years

- Better Returns than Savings: Geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit

- Low Interest Rate Risk: Among the duration funds, these funds are relatively less affected by the movement of overall interest rates

- Consistent Performance: The fund delivers returns with exceptional consistency

Considerations:

- Not suitable to build wealth in the long run

- Marginally higher volatility compared to liquid funds

- Returns are subject to market risks and interest rate movements

Ideal For:

- Conservative investors seeking liquidity with modest returns

- Those with surplus funds for short-term parking

- Investors building an emergency fund

- Those wanting to avoid complexity of other debt fund categories

FAQs

What is today's NAV of SBI Magnum Ultra Short Duration Fund?

The latest NAV is ₹5,991.17 as of July 07, 2025. NAV changes daily based on market conditions.

What is the AUM of SBI Magnum Ultra Short Duration Fund?

The fund has an Assets Under Management (AUM) of ₹16,433.66 Crores as of July 2025.

What is the expense ratio of SBI Magnum Ultra Short Duration Fund?

The expense ratio is 0.55% for the regular plan, which covers fund management and operational expenses.

What are the returns of SBI Magnum Ultra Short Duration Fund since inception?

The fund has delivered 7.08% annual returns since its inception in May 1999.

What is the minimum SIP amount to invest in SBI Magnum Ultra Short Duration Fund?

You can start a SIP with a minimum amount of ₹500 per month.

How do I invest in SBI Magnum Ultra Short Duration Fund?

You can invest through Allvest platform by completing KYC, selecting the fund, and making payment via UPI, net banking, or debit card.

How to start a SIP in SBI Magnum Ultra Short Duration Fund?

Login to Allvest, select the fund, choose SIP option, set amount and frequency, and authorize payment instructions.

How do I automate an SIP in SBI Magnum Ultra Short Duration Fund?

Set up auto-debit instructions through Allvest platform by providing bank account details and authorizing automatic monthly deductions.

How can I withdraw/redeem my investment in SBI Magnum Ultra Short Duration Fund?

Access your Allvest account, go to investments section, select the fund, and place a redemption request. Funds are typically credited within 1-3 business days.