To provide returns to the investors generated through investments predominantly in Government securities issued by the Central Government and/or State Government such that the Average Maturity of the portfolio is around 10 years.
The SBI Magnum Constant Maturity Fund Regular Growth has an AUM of 1849.59 crores & has delivered CAGR of 5.36% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.62%. The minimum investment in SBI Magnum Constant Maturity Fund Regular Growth is Rs 5000 and the minimum SIP is Rs 500.
As per morningstar the risk & return rating of the fund are Low & Moderate respectively.
The top holdings of the fund include 6.79% Govt Stock 2034, 7.18% Govt Stock 2037, Net Receivable / Payable & 6.33% Govt Stock 2035.
Some of the similar funds are ICICI Prudential Constant Maturity Gilt Growth, Bandhan Gilt Fund with 10 year constant duration Fund - Reg - Growth, SBI Magnum Constant Maturity Fund Regular Growth, DSP 10Y G-Sec Fund Regular Growth, UTI Gilt Fund with 10 year Constant Duration Regular Growth. SBI Magnum Constant Maturity Fund Regular Growth has a sharpe ratio of 0.43 & a standard deviation of 2.55%.
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