SBI Magnum Comma Fund

SBI Magnum COMMA Fund is an Open-ended Thematic Equity scheme that belongs to SBI Mutual Fund House.

The Strategy Of Investment

The scheme seeks to generate opportunities for growth along with the possibility of consistent returns by investing predominantly in a portfolio of stocks of companies engaged in commodity and commodity-related businesses. It is benchmarked against NIFTY Commodities Total Return Index (TRI).

Key information of SBI Magnum Comma Fund

I. The SBI Magnum COMMA Fund currently holds Assets under Management worth Rs.452 Crores as of July 2021.
II. The expense ratio of the fund is 2.66% for the Regular plan and 2.02% for the Direct plan as of July 2021.
III. SBI Magnum COMMA Fund shall attract an Exit Load of 0.50% if redeemed within 30 days.
IV. Minimum investment required is Rs. 5000 and the minimum additional investment is Rs. 1000. Whereas, minimum SIP investment is Rs. 500.

Asset allocation of SBI Magnum Comma Fund

I. The asset allocation of the fund comprises around 92.05% in equities, 0.0% in debts, and 7.95% in cash & cash equivalents.
II. While the top 10 equity holdings constitute around 56.61% of the assets, the top 5 sectors constitute around 34.59% of the assets.
III. The fund largely follows a Blend oriented style of investing and invests across market capitalizations around 49.57% in giant and large-cap companies, 13.49% in mid-cap, and 36.93% in small-cap companies.

Portfolio

Several stocks – 25.
Top 10 stocks – 56.61%.
Top 5 stocks – 34.59%.
Price-Book(P/B) ratio – 2.03.
Price-Earnings(P/E) ratio – 14.04.

Top 10 holdings

I. TATA steel – 8.58%.
II. Reliance Industries – 7.99%
III. UltraTech Cement – 6.58%.
IV. Hindalco Industries – 6.31%.
V. Oil & Natural Gas Corp – 5.13%.
VI. Rossari Biotech Ltd – 4.67%.
VII. Camlin Fine Sciences Ltd – 4.61%.
VIII. Sagar Cements Ltd – 4.53%.
IX. Balrampur Chini Mills Ltd – 4.2%.
X. Odisha Cement Ltd – 4.01%.

Taxation

I. Gains are taxed at a rate of 15% (Short term Capital Gain Tax or STCG) if units are redeemed within 1 year of investment.
II. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
III. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long term Capital Gain Tax or LTCG).

For dividends,
I. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
II. Also for dividend income over Rs. 5,000 in a financial year, the fund house shall deduct a TDS of 10% on such income.

Sbi magnum comma fund regular plan growth

It is a Thematic mutual fund scheme from SBI Mutual Fund. This fund has been in existence for over 16 years, having been launched in August 2005. The fund has Rs. 452 Crores worth of Assets Under Management(AUM) and is a medium-sized fund by category.

The fund has an expense ratio of 2.66%, which is higher than what most other Thematic funds charge. The returns of the last 1 year are 69.59%. Since its launch, and has delivered 13.00% of average annual returns. The fund has doubled the money invested in it every 2 years. The scheme’s ability to deliver returns consistently is in line with most funds of its category. Its ability to control losses in a falling market is high.

The fund has invested the majority of its money in Energy, Metals, Chemicals, Construction, and FMCG sectors. It has taken less exposure in Energy.

Details :
NAV – Rs. 71.76(as of Sept 2021).
IDCW – Rs. 40.73(as of Sept 2021).
Returns – 13%(since launch in August 2005).
Benchmark – NIFTY Commodities TRI.
Risk – Very High.
Type – Open-ended.
Assets – Rs. 452 Crores(as of Aug 2021).
Expense ratio – 2.66%.

Minimum investment – Rs. 5000.
Minimum additional investment – Rs. 1000.
Minimum SIP Investment – Rs. 500.
Minimum no of cheques – 12.
Minimum withdrawal – Rs. 500.
Lock-in period – not applicable.
Exit load – 0.5% for redemption within 30 days.

SBI Magnum comma fund direct plan growth

SBI Magnum COMMA Fund Direct-Growth is a Thematic mutual fund scheme from SBI Mutual Fund. This fund has been in existence for over 8 yrs, having been launched in January 2013.

The fund has Rs. 452 Crores worth of Assets Under Management(AUM) and is a medium-sized fund of its category. The fund has an expense ratio of 2.02%, which is higher than what most other Thematic funds charge. The returns of the last 1 year are 70.62% and it has delivered 15.46% average annual returns. The fund has doubled the money invested in it every 2 years. Similar to the Regular Growth plan, this scheme’s ability to deliver returns consistently is in line with most funds of its category.

The ability to control losses in a falling market is high. The fund has also invested the majority of its money in Energy, Metals, Chemicals, Construction, and FMCG sectors.

Details :
NAV – Rs. 75.93(as of Sept 2021).
IDCW – Rs. 43.21(as of Sept 2021).
Returns – 15.46%(since launch in January 2013).
Benchmark – NIFTY Commodities TRI.
Risk – Very High.
Type – Open-ended.
Assets – Rs. 452 Crores(as of Aug 2021).
Expense ratio – 2.02%.

Minimum investment – Rs. 5000.
Minimum additional investment – Rs. 1000.
Minimum SIP Investment – Rs. 500.
Minimum no of cheques – 12.
Minimum withdrawal – Rs. 500.
Lock-in period – not applicable.
Exit load – 0.5% for redemption within 30 days.

Fund manager

Mr. Richard D’Souza is a B.Sc (Physics) from the University of Mumbai.
Before joining SBI Fund Management in 2010 he has worked with Ask Investment Managers Pvt. Ltd, Antique Share & Stock Brokers Pvt. Ltd, Sunidhi Consultancy Ltd., and Alchemy Share & Stock Brokers Pvt Ltd.

Who should invest

Investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns compared to other Equity funds. At the same time, these investors should also be ready for the possibility of moderate to high losses in their investments even though the overall market is performing better.

Contact

Address – SBI Funds Management Ltd.
9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai – 400051.
Phone – 022-61793000 / 1800-425-5425
Fax – 022-22189663
E-mail – [email protected]
Website – http://www.sbimf.com

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