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Best Bond Mutual Funds 2024

Updated on May 24, 2024 , 27441 views

Bond Mutual Funds offer higher returns than Bank accounts and are highly liquid in nature, which means that investors can redeem their investment at any point of time. Some of the best major benefits of investing in Bond Funds are low-cost structure, relatively higher returns, high liquidity and reasonable safety.

Bonds

Bond Funds also known as Debt fund. It’s a type of Mutual Fund scheme that invests in fixed Income instruments such as government & corporate Bonds, money market instruments, corporate debt securities, etc., that offer Capital appreciation. Bond Funds are an ideal investment for average risk-averse investors who are looking for stable & regular income. These funds are less volatile and hence are less risky than Equity Funds. Moreover, Bond Funds can be a better alternative to a bank Fixed Deposit.

Following are the best Bond Funds as per the category ranking that can help you achieve your Financial goals and can help you earn better returns.

Difference Between Bond & Bond Mutual Fund

Bonds

They are debt obligations issued by entities, such as corporations or governments. So, when an investor is buying bond, he is lending money to the entity for a defined tenure. In return, you get interest until the end of the tenure.

Bond Funds

They are mutual funds or exchange-trade funds (ETFs) that invest in a Portfolio bonds. Ideally, bond funds are comprised of a certain type of bond, such as corporate or government. They are further defined by maturity, such as given below.

Why to Invest in Bond Mutual Funds?

Some of the important benefits of these funds are:

  • Bond Funds are a good option for earning regular income. For instance, choosing dividend payout can be an option for regular income.
  • It is a good option to plan short financial goals. In a shorter duration, these funds ensure safety returns and as highly liquid as well.
  • In Bond Funds, you can withdraw/redeem even partial money from your investment at any point and can let the remaining money stay invested.
  • As, Bond Funds majorly invest in government securities they are not affected by the Volatility of the equity Market. Hence, it’s an optimal investment avenue for those who are risk-averse.

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Bond Funds to Invest for < 1 year

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Savings Fund Growth ₹504.288
↑ 0.25
₹12,63323.87.45.87.28.08%5M 16D6M 29D
Indiabulls Liquid Fund Growth ₹2,340.05
↑ 0.87
₹2131.83.77.25.46.87.47%2M 2D2M 8D
Principal Cash Management Fund Growth ₹2,136.37
↑ 0.40
₹5,1491.83.77.25.677.21%1M 6D1M 6D
PGIM India Insta Cash Fund Growth ₹315.081
↑ 0.06
₹4381.83.77.25.677.64%2M 9D2M 14D
JM Liquid Fund Growth ₹66.1092
↑ 0.01
₹2,2331.83.67.25.677.14%22D24D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 May 24

Bond Funds to Invest for > 1 year

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
PGIM India Short Maturity Fund Growth ₹39.3202
↓ 0.00
₹281.23.16.14.2 7.18%1Y 7M 28D1Y 11M 1D
ICICI Prudential Short Term Fund Growth ₹55.0117
↑ 0.02
₹18,09223.97.25.97.47.98%2Y 9M 22D5Y 18D
Axis Strategic Bond Fund Growth ₹25.4521
↑ 0.02
₹1,97124.57.15.97.38.2%3Y 7M 13D5Y 3M 14D
UTI Short Term Income Fund Growth ₹29.0489
↑ 0.01
₹2,6801.84.16.976.97.52%2Y 6M 22D3Y 1M 28D
Aditya Birla Sun Life Short Term Opportunities Fund Growth ₹43.4681
↑ 0.02
₹7,3391.846.75.56.97.87%2Y 10M 10D4Y 2M 16D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Sep 23

Bond Funds to Invest for > 3 years

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
ICICI Prudential Gilt Fund Growth ₹93.7347
↑ 0.03
₹6,32524.27.768.37.49%6Y 3M 4D10Y 6M
Aditya Birla Sun Life Government Securities Fund Growth ₹74.8795
↑ 0.05
₹1,7921.95.77.55.37.17.24%8Y 4M 28D16Y 4D
UTI Gilt Fund Growth ₹57.718
↑ 0.04
₹6321.95.37.15.26.77.21%7Y 3M11Y 10M 10D
SBI Magnum Gilt Fund Growth ₹60.5888
↑ 0.02
₹8,558257.167.67.31%8Y 4M 10D16Y 11M 23D
Nippon India Gilt Securities Fund Growth ₹35.0512
↑ 0.03
₹1,8671.95.36.74.86.77.33%7Y 5M 1D12Y 8M 8D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 May 24

Best 10-Year Govt. Bond Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
SBI Magnum Constant Maturity Fund Growth ₹57.6894
↑ 0.03
₹1,6341.85.16.34.97.57.2%6Y 10M 13D9Y 10M 28D
IDFC Government Securities Fund - Constant Maturity Plan Growth ₹41.2075
↑ 0.03
₹3361.95.56.74.67.47.33%6Y 10M 2D10Y 1M 10D
ICICI Prudential Constant Maturity Gilt Fund Growth ₹22.2436
↑ 0.01
₹2,9021.956.34.97.77.33%6Y 8M 5D9Y 6M 4D
DSP BlackRock 10Y G-Sec Fund Growth ₹19.777
↑ 0.01
₹49256.33.57.77.27%6Y 10M 10D9Y 8M 26D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 May 24

*Below is the list of Bond Mutual Funds having net assets 50 Crore and having managed assets for over 3 Years. Based on heighest Yield to Maturity (ytm)

1. Kotak Medium Term Fund

The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved

Kotak Medium Term Fund is a Debt - Medium term Bond fund was launched on 25 Mar 14. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.3% since its launch.  Ranked 10 in Medium term Bond category.  Return for 2023 was 6.1% , 2022 was 3.2% and 2021 was 4.7% .

Below is the key information for Kotak Medium Term Fund

Kotak Medium Term Fund
Growth
Launch Date 25 Mar 14
NAV (24 May 24) ₹20.6256 ↑ 0.02   (0.12 %)
Net Assets (Cr) ₹1,744 on 30 Apr 24
Category Debt - Medium term Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 1.29
Sharpe Ratio -0.17
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-18 Months (2%),18 Months and above(NIL)
Yield to Maturity 8.54%
Effective Maturity 4 Years 8 Months 19 Days
Modified Duration 3 Years 1 Month 6 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,289
30 Apr 21₹11,436
30 Apr 22₹12,003
30 Apr 23₹12,541
30 Apr 24₹13,399

Kotak Medium Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Kotak Medium Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 May 24

DurationReturns
1 Month 0.7%
3 Month 1.7%
6 Month 4.6%
1 Year 7.2%
3 Year 5.5%
5 Year 6%
10 Year
15 Year
Since launch 7.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.1%
2022 3.2%
2021 4.7%
2020 8.5%
2019 7%
2018 5.4%
2017 6.6%
2016 10.9%
2015 9.3%
2014
Fund Manager information for Kotak Medium Term Fund
NameSinceTenure
Deepak Agrawal25 Mar 1410.11 Yr.
Sunit garg1 Nov 221.5 Yr.
Palha Khanna3 Jul 230.83 Yr.

Data below for Kotak Medium Term Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash6.3%
Equity5.33%
Debt86.79%
Other1.59%
Debt Sector Allocation
SectorValue
Corporate68.77%
Government18.02%
Cash Equivalent6.3%
Credit Quality
RatingValue
A7.93%
AA36.96%
AAA55.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
7%₹122 Cr12,100,000
↑ 12,100,000
HDFC Bank Limited
Debentures | -
6%₹101 Cr1,000
L&T Metro Rail (Hyderabad) Limited
Debentures | -
6%₹97 Cr1,000
7.18% Govt Stock 2033
Sovereign Bonds | -
5%₹93 Cr9,243,450
↓ -11,300,000
TATA Steel Limited
Debentures | -
4%₹75 Cr750
India Grid Trust 0.0788%
Debentures | -
4%₹65 Cr6,500
Pipeline Infrastructure Ltd. 0.0796%
Debentures | -
4%₹63 Cr6,280
Prestige Projects Private Limited 0.1175%
Debentures | -
3%₹60 Cr6,000
Indostar Capital Finance Limited
Debentures | -
3%₹60 Cr6,000
Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | 542602
3%₹59 Cr1,715,249

2. ICICI Prudential Medium Term Bond Fund

(Erstwhile ICICI Prudential Corporate Bond Fund)

To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

ICICI Prudential Medium Term Bond Fund is a Debt - Medium term Bond fund was launched on 15 Sep 04. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.4% since its launch.  Ranked 23 in Medium term Bond category.  Return for 2023 was 7% , 2022 was 4.2% and 2021 was 5.5% .

Below is the key information for ICICI Prudential Medium Term Bond Fund

ICICI Prudential Medium Term Bond Fund
Growth
Launch Date 15 Sep 04
NAV (24 May 24) ₹40.7808 ↑ 0.01   (0.03 %)
Net Assets (Cr) ₹6,322 on 30 Apr 24
Category Debt - Medium term Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.4
Sharpe Ratio -0.58
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)
Yield to Maturity 8.3%
Effective Maturity 5 Years 3 Months
Modified Duration 3 Years 7 Months 2 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,832
30 Apr 21₹12,047
30 Apr 22₹12,560
30 Apr 23₹13,342
30 Apr 24₹14,224

ICICI Prudential Medium Term Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for ICICI Prudential Medium Term Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 May 24

DurationReturns
1 Month 0.9%
3 Month 1.9%
6 Month 4%
1 Year 6.7%
3 Year 5.7%
5 Year 7.3%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7%
2022 4.2%
2021 5.5%
2020 10.4%
2019 9.2%
2018 5.1%
2017 6.5%
2016 10.2%
2015 8.4%
2014 12.4%
Fund Manager information for ICICI Prudential Medium Term Bond Fund
NameSinceTenure
Manish Banthia7 Nov 167.48 Yr.
Akhil Kakkar22 Jan 240.27 Yr.
Sharmila D’mello1 May 231 Yr.

Data below for ICICI Prudential Medium Term Bond Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash7.54%
Debt92.2%
Other0.26%
Debt Sector Allocation
SectorValue
Corporate56.19%
Government37.6%
Cash Equivalent5.94%
Credit Quality
RatingValue
AA46.61%
AAA53.39%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
25%₹1,596 Cr158,642,000
↓ -5,000,000
7.26% Govt Stock 2033
Sovereign Bonds | -
7%₹448 Cr44,400,000
The Great Eastern Shipping Company Limited
Debentures | -
2%₹149 Cr1,500
Pipeline Infrastructure Ltd.
Debentures | -
2%₹125 Cr12,400
TVS Credit Services Limited
Debentures | -
2%₹111 Cr110
Torrent Power Limited
Debentures | -
2%₹105 Cr10,500
Dlf Cyber City Developers Ltd
Debentures | -
2%₹104 Cr1,050
8.34% Govt Stock 2033
Sovereign Bonds | -
2%₹102 Cr10,000,000
Nirma Limited
Debentures | -
2%₹100 Cr10,000
Tata Housing Development Company Limited
Debentures | -
2%₹100 Cr10,000

3. Nippon India Strategic Debt Fund

(Erstwhile Reliance Classic Bond Fund)

To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity. The scheme would focus its investments predominantly in corporate bonds of various maturities and across ratings for the purpose of achieving regular income and capital appreciation.

Nippon India Strategic Debt Fund is a Debt - Medium term Bond fund was launched on 26 Jun 14. It is a fund with Moderate risk and has given a CAGR/Annualized return of 3.5% since its launch.  Ranked 7 in Medium term Bond category.  Return for 2023 was 7% , 2022 was 2% and 2021 was 17.4% .

Below is the key information for Nippon India Strategic Debt Fund

Nippon India Strategic Debt Fund
Growth
Launch Date 26 Jun 14
NAV (24 May 24) ₹14.1001 ↑ 0.01   (0.06 %)
Net Assets (Cr) ₹120 on 30 Apr 24
Category Debt - Medium term Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderate
Expense Ratio 1.93
Sharpe Ratio -1.06
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity 8.24%
Effective Maturity 4 Years 2 Months 8 Days
Modified Duration 3 Years 14 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹7,273
30 Apr 21₹7,534
30 Apr 22₹8,797
30 Apr 23₹9,232
30 Apr 24₹9,792

Nippon India Strategic Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is .
Net Profit of
Invest Now

Returns for Nippon India Strategic Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 May 24

DurationReturns
1 Month 0.9%
3 Month 1.9%
6 Month 4%
1 Year 6.2%
3 Year 9.3%
5 Year -0.3%
10 Year
15 Year
Since launch 3.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7%
2022 2%
2021 17.4%
2020 -23.5%
2019 -3.4%
2018 4.7%
2017 6.9%
2016 11.1%
2015 9%
2014
Fund Manager information for Nippon India Strategic Debt Fund
NameSinceTenure
Kinjal Desai25 May 185.94 Yr.
Sushil Budhia1 Feb 204.25 Yr.
Akshay Sharma1 Dec 221.41 Yr.

Data below for Nippon India Strategic Debt Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash11.35%
Debt88.3%
Other0.36%
Debt Sector Allocation
SectorValue
Corporate57.52%
Government30.77%
Cash Equivalent11.35%
Credit Quality
RatingValue
AA47.22%
AAA52.78%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
17%₹20 Cr2,000,000
Summit Digitel Infrastructure Limited
Debentures | -
7%₹8 Cr80
Pipeline Infrastructure Ltd. 7.96%
Debentures | -
4%₹5 Cr500
7.17% Govt Stock 2030
Sovereign Bonds | -
4%₹5 Cr500,000
Shriram Housing Finance Limited 9.25%
Debentures | -
4%₹5 Cr500
DLF Cyber City Developers Limited 8.4%
Debentures | -
4%₹5 Cr500
JSW Steel Limited
Debentures | -
4%₹5 Cr50
Godrej Properties Limited
Debentures | -
4%₹5 Cr500
Manappuram Finance Limited
Debentures | -
4%₹5 Cr500
Century Textiles And Industried Limited
Debentures | -
4%₹5 Cr500

4. Axis Strategic Bond Fund

(Erstwhile Axis Income Fund)

To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.

Axis Strategic Bond Fund is a Debt - Medium term Bond fund was launched on 28 Mar 12. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8% since its launch.  Ranked 7 in Medium term Bond category.  Return for 2023 was 7.3% , 2022 was 3.8% and 2021 was 5.2% .

Below is the key information for Axis Strategic Bond Fund

Axis Strategic Bond Fund
Growth
Launch Date 28 Mar 12
NAV (24 May 24) ₹25.4521 ↑ 0.02   (0.07 %)
Net Assets (Cr) ₹1,971 on 30 Apr 24
Category Debt - Medium term Bond
AMC Axis Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.08
Sharpe Ratio -0.16
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity 8.2%
Effective Maturity 5 Years 3 Months 14 Days
Modified Duration 3 Years 7 Months 13 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,658
30 Apr 21₹11,698
30 Apr 22₹12,213
30 Apr 23₹12,952
30 Apr 24₹13,847

Axis Strategic Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Axis Strategic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 May 24

DurationReturns
1 Month 1%
3 Month 2%
6 Month 4.5%
1 Year 7.1%
3 Year 5.9%
5 Year 6.7%
10 Year
15 Year
Since launch 8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.3%
2022 3.8%
2021 5.2%
2020 10.5%
2019 7.1%
2018 6.7%
2017 7.5%
2016 11.6%
2015 6.8%
2014 15%
Fund Manager information for Axis Strategic Bond Fund
NameSinceTenure
Devang Shah5 Nov 1211.49 Yr.
Sachin Jain1 Feb 231.25 Yr.
Akhil Thakker1 Feb 231.25 Yr.

Data below for Axis Strategic Bond Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash6.48%
Debt93.27%
Other0.26%
Debt Sector Allocation
SectorValue
Corporate55.03%
Government38.39%
Cash Equivalent4.94%
Securitized1.39%
Credit Quality
RatingValue
A4.64%
AA34.21%
AAA61.14%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
7%₹142 Cr14,100,000
↑ 500,000
7.18% Govt Stock 2033
Sovereign Bonds | -
6%₹123 Cr12,200,000
↑ 3,000,000
7.26% Govt Stock 2033
Sovereign Bonds | -
6%₹120 Cr11,879,400
7.23% Govt Stock 2039
Sovereign Bonds | -
4%₹86 Cr8,500,000
↑ 2,000,000
7.32% Govt Stock 2030
Sovereign Bonds | -
3%₹66 Cr6,500,000
↓ -2,000,000
Nirma Limited
Debentures | -
3%₹60 Cr6,000
DLF Cyber City Developers Limited 8.4%
Debentures | -
3%₹55 Cr5,500
Aadhar Housing Finance Ltd. 8.65%
Debentures | -
3%₹55 Cr5,500
Tata Projects Limited
Debentures | -
3%₹51 Cr5,100
Rajasthan (Government of ) 7.52%
- | -
3%₹51 Cr5,000,000

5. SBI Magnum Medium Duration Fund

(Erstwhile SBI Regular Savings Fund)

To provide attractive returns to the Magnum holders / Unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt, equity and money market instruments.

SBI Magnum Medium Duration Fund is a Debt - Medium term Bond fund was launched on 12 Nov 03. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.8% since its launch.  Ranked 18 in Medium term Bond category.  Return for 2023 was 7.2% , 2022 was 3.4% and 2021 was 3.8% .

Below is the key information for SBI Magnum Medium Duration Fund

SBI Magnum Medium Duration Fund
Growth
Launch Date 12 Nov 03
NAV (24 May 24) ₹46.7126 ↑ 0.03   (0.06 %)
Net Assets (Cr) ₹6,222 on 30 Apr 24
Category Debt - Medium term Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 1.22
Sharpe Ratio -0.52
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-12 Months (1.5%),12 Months and above(NIL)
Yield to Maturity 8.19%
Effective Maturity 5 Years 6 Months 11 Days
Modified Duration 3 Years 9 Months 7 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹11,125
30 Apr 21₹12,225
30 Apr 22₹12,687
30 Apr 23₹13,430
30 Apr 24₹14,324

SBI Magnum Medium Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for SBI Magnum Medium Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 May 24

DurationReturns
1 Month 0.9%
3 Month 1.8%
6 Month 4%
1 Year 6.6%
3 Year 5.6%
5 Year 7.4%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.2%
2022 3.4%
2021 3.8%
2020 12.3%
2019 11.1%
2018 6.2%
2017 7.6%
2016 14%
2015 6.6%
2014 16.5%
Fund Manager information for SBI Magnum Medium Duration Fund
NameSinceTenure
Rajeev Radhakrishnan1 Nov 230.5 Yr.
Lokesh Mallya1 Dec 230.41 Yr.
Mohit Jain30 Nov 176.42 Yr.
Pradeep Kesavan1 Dec 230.41 Yr.

Data below for SBI Magnum Medium Duration Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash6.23%
Debt93.47%
Other0.3%
Debt Sector Allocation
SectorValue
Corporate56.8%
Government36.67%
Cash Equivalent6.23%
Credit Quality
RatingValue
A8.12%
AA43.07%
AAA48.82%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
13%₹830 Cr82,500,000
7.18% Govt Stock 2037
Sovereign Bonds | -
9%₹538 Cr53,500,000
Tata Housing Development Company Limited
Debentures | -
5%₹300 Cr30,000
Godrej Properties Limited
Debentures | -
5%₹300 Cr30,000
Jamnagar Utilities And Power Private Limited
Debentures | -
4%₹250 Cr25,000
Avanse Financial Services Limited
Debentures | -
4%₹250 Cr25,000
Jindal Stainless Limited
Debentures | -
4%₹234 Cr2,400
JM Financial Asset Reconstruction Company Limited
Debentures | -
4%₹234 Cr23,500
Mahanagar Telephone Nigam Limited
Debentures | -
4%₹225 Cr2,200
Yes Bank Limited
Debentures | -
4%₹217 Cr2,250

6. SBI Magnum Income Fund

To provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities.

SBI Magnum Income Fund is a Debt - Medium to Long term fund was launched on 25 Nov 98. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.6% since its launch.  Ranked 6 in Medium to Long term category.  Return for 2023 was 7.2% , 2022 was 3% and 2021 was 3.6% .

Below is the key information for SBI Magnum Income Fund

SBI Magnum Income Fund
Growth
Launch Date 25 Nov 98
NAV (24 May 24) ₹64.7207 ↑ 0.04   (0.06 %)
Net Assets (Cr) ₹1,748 on 30 Apr 24
Category Debt - Medium to Long term
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 1.46
Sharpe Ratio -0.59
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)
Yield to Maturity 8.02%
Effective Maturity 11 Years 7 Months 17 Days
Modified Duration 5 Years 9 Months 22 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹11,287
30 Apr 21₹12,309
30 Apr 22₹12,648
30 Apr 23₹13,444
30 Apr 24₹14,283

SBI Magnum Income Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for SBI Magnum Income Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 May 24

DurationReturns
1 Month 1.2%
3 Month 1.7%
6 Month 4.2%
1 Year 6.3%
3 Year 5.3%
5 Year 7.3%
10 Year
15 Year
Since launch 7.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.2%
2022 3%
2021 3.6%
2020 11.6%
2019 11.7%
2018 4.7%
2017 5.7%
2016 13.4%
2015 6%
2014 12.4%
Fund Manager information for SBI Magnum Income Fund
NameSinceTenure
Rajeev Radhakrishnan1 Nov 230.5 Yr.
Mohit Jain30 Nov 176.42 Yr.

Data below for SBI Magnum Income Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash3.85%
Debt95.9%
Other0.25%
Debt Sector Allocation
SectorValue
Government54.58%
Corporate41.32%
Cash Equivalent3.85%
Credit Quality
RatingValue
AA39.18%
AAA60.82%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
17%₹292 Cr29,000,000
7.23% Govt Stock 2039
Sovereign Bonds | -
9%₹152 Cr15,000,000
↑ 15,000,000
7.3% Govt Stock 2053
Sovereign Bonds | -
6%₹107 Cr10,500,000
7.25% Govt Stock 2063
Sovereign Bonds | -
6%₹101 Cr10,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
6%₹100 Cr10,000,000
Pipeline Infrastructure Ltd.
Debentures | -
4%₹77 Cr7,700
Torrent Power Limited
Debentures | -
4%₹76 Cr7,500
West Bengal (Government of) 7.52%
- | -
4%₹75 Cr7,500,000
Godrej Properties Limited
Debentures | -
4%₹75 Cr7,500
Tata Housing Development Company Limited
Debentures | -
4%₹65 Cr6,500

Bond Funds Taxation

Tax implication on Bond Funds or Debt Funds is computed in the following manner-

Short Term Capital Gains

If the holding period of a debt investment is less than 36 months, then it is classified as a short-term investment and these are taxed as per individual's tax slab.

Long Term Capital Gains

If the holding period of debt investment is more than 36 months, then it is classified as a long-term investment and is taxed at 20% with an indexation benefit.

Capital Gains Investment Holding Gains Taxation
Short Term Capital Gains Less than 36 months As per individual's tax slab
Long Term Capital Gains More than 36 months 20% with indexation benefits

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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