SBI Magnum Gilt Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The SBI Magnum Gilt Fund Direct-Growth is a 12 yrs 11 m old fund and has delivered average annual returns of 8.96% since inception. SBI Magnum Gilt Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 5.2% 7.51% 6.22% 8.29% 8.96%

NAV as of Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹70.4492-0.02% 1 day change	8.96% p.a.	App exclusive #NA View Ranked Funds	₹11,055 Cr

Historical NAV & returns

NAV: ₹70.4492 as on Dec 04, 2025

This fund Category average

SBI Magnum Gilt Fund overview

Expense ratio	0.46% as on Nov 30, 2025
Exit load	0%
AUM (Fund size)	₹11,055 Cr
Lock-in Period	Nil
Age	12 yrs 11 m since Jan 01, 2013
Benchmark	NIFTY All Duration G-Sec Index
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

SBI Magnum Gilt Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Dec 05, 2025

Period	This fund	Category average
1 Month	0.21%	-0.28%
3 Months	1.66%	0.56%
6 Months	-0.69%	-1.24%
1 Year	5.2%	4.19%
2 Years	7.76%	7.59%
3 Years	7.51%	7.19%
4 Years	6.88%	6.03%
5 Years	6.22%	5.53%
7 Years	8.29%	7.35%
10 Years	8.29%	7.73%

Asset allocationas on Oct 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

SOV 89.82%

Cash & Call Money 10.18%

Top Debt Holdings

GOI 82.83%

Maharashtra State 3.3%

Punjab State 2.57%

Madhya Pradesh State 0.67%

Allocation by Instruments

GOI Securities 82.83000000000001%

Repo 16.36%

State Development Loan 6.99%

Other Holdings

Others 16.36%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
SBI Magnum Gilt Fund	0.21%	-0.69%	5.2%	7.51%	6.22%	8.29%
PGIM India Gilt Fund	0.04%	-1.2%	4.61%	7.41%	5.89%	7.33%
Axis Gilt Fund	-0.02%	-0.62%	5.23%	7.63%	5.89%	7.66%
ICICI Prudential Gilt Fund	0.14%	0.81%	6.95%	8.13%	6.66%	8.46%
DSP Gilt Fund	-0.26%	-1.69%	4.03%	7.43%	5.91%	8.14%

Fund name	Std. deviation	Beta	Sharpe	Sortino
SBI Magnum Gilt Fund	3.05	0.84	0.41	0.57
PGIM India Gilt Fund	2.93	0.83	0.36	0.48
Axis Gilt Fund	2.99	0.82	0.44	0.66
ICICI Prudential Gilt Fund	1.93	0.49	0.89	1.06
DSP Gilt Fund	3.59	1.0	0.32	0.46

Fund name	ETM Rank	AUM	Fund age	Expense ratio
SBI Magnum Gilt Fund	N.A.	11,055 Cr	12 yrs 11 m	0.46%
PGIM India Gilt Fund	N.A.	106 Cr	12 yrs 11 m	0.55%
Axis Gilt Fund	N.A.	576 Cr	12 yrs 11 m	0.42%
ICICI Prudential Gilt Fund	N.A.	9,146 Cr	12 yrs 11 m	0.57%
DSP Gilt Fund	N.A.	1,342 Cr	12 yrs 11 m	0.57%

View all Gilt funds

Key risk & return ratios Compared to other funds in the category

Alpha	-0.13 vs. 1.77 Underperformed at beating benchmark
Sharpe	0.41 vs. 2.32 Poor risk-adjusted returns
Beta	0.84 vs. 0.52 More sensitive to market's ups & downs
Standard deviation	3.05 vs. 2.63 More volatile performance

Compare SBI Magnum Gilt Fund in detail with

About this fund

About SBI Magnum Gilt Fund

SBI Magnum Gilt Fund Direct-Growth is a Gilt mutual fund scheme from Sbi Mutual Fund. This fund has been in existence for 12 yrs 11 m, having been launched on 01/01/2013. SBI Magnum Gilt Fund Direct-Growth has ₹11,055 Crores worth of assets under management (AUM) as on 31/10/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of SBI Magnum Gilt Fund Direct-Growth as of 04/12/2025 is ₹70.45. The fund has an expense ratio of 0.46%, which is close to what most other Gilt funds charge.

SBI Magnum Gilt Fund Direct-Growth returns of last 1-year are 4.87%. Since launch, it has delivered 8.97% average annual returns. The fund has doubled the money invested in it every 10 yrs.
SBI Magnum Gilt Fund Direct-Growth 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 above average.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in GOI, Maharashtra State, Punjab State, Madhya Pradesh State, Karnataka State.

...

Fund AUM	11,055 Cr as on Oct 31, 2025
Scheme document	View Scheme Document

Fund managers

Sudhir Agrawal

Mr.Sudhir Agrawal is a 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.

Investment objective

The scheme aims to generate returns through investments in government securities. It will normally maintain an average maturity of more than three years.

SBI Mutual Fund details

No. of schemes	72 view all schemes
Total AUM	12,07,585 Cr as on Sep 30, 2025
Address	9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai, 400051
Phone	022-61793000 / 1800-425-5425

More funds from SBI Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
SBI Credit Risk Fund	N.A.	2,190 Cr	8.77%	8.82%
SBI CRISIL IBX Gilt Index - June 2036 Fund	N.A.	2,702 Cr	7.26%	8.45%
SBI CRISIL IBX Gilt Index - April 2029 Fund	N.A.	2,092 Cr	8.61%	8.32%
SBI Magnum Medium Duration Fund	N.A.	6,886 Cr	8.13%	8.16%
SBI Magnum Constant Maturity Fund	N.A.	1,862 Cr	7.29%	8.05%
SBI Corporate Bond Fund	N.A.	24,936 Cr	8.45%	7.97%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of SBI Magnum Gilt Fund Direct-Growth?

The current Net Asset Value (NAV) of the SBI Magnum Gilt Fund - Direct Growth plan is approximately ₹70.4492 as of Dec 04, 2025.

What are the returns of this mutual fund scheme?

The SBI Magnum Gilt Fund Direct-Growth is a 12 yrs 11 m old fund and has delivered average annual returns of 8.96% since inception.

SBI Magnum Gilt Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
5.2%	7.51%	6.22%	8.29%	8.96%

How much does this mutual fund charge as expense ratio?

The SBI Magnum Gilt Fund - Direct Growth has an expense ratio of 0.46%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The SBI Magnum Gilt Fund currently has assets under management (AUM) or fund size valued at approximately 11,055 Cr as on Oct 31, 2025.

To whom does SBI Magnum Gilt Fund lend to?

The top 3 debt holdings of SBI Magnum Gilt Fund are as follows

Holding Name	Percentage of Portfolio
GOI	82.83%
Maharashtra State	3.3%
Punjab State	2.57%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The SBI Magnum Gilt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
SOV	89.82%
Cash & Call Money	10.18%

What is risk level of SBI Magnum Gilt Fund?

This is a Gilt fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in SBI Magnum Gilt Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for SBI Magnum Gilt Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the SBI Magnum Gilt Fund is complete.

How can I redeem my investments in SBI Magnum Gilt Fund?

Redeeming your investments in the SBI Magnum Gilt Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Gilt

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Gilt funds in the last 10 Years.
Chance: This fund has generated a 7.83% annual return in 70% of times for investors holding for at least 5 years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Exit Load: This fund has no exit load.