SBI Magnum Ultra Short Duration Fund Direct-Growth

Q: What are the returns of SBI Magnum Ultra Short Duration Fund?

The SBI Magnum Ultra Short Duration Fund is a 12 yrs 6 m old fund and has delivered average annual returns of 7.24% since inception. SBI Magnum Ultra Short Duration Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.76% 7.31% 5.87% 6.77% 7.24%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹6110.6683+0.04% 1 day change	7.24% p.a.	#NA View Ranked Funds	₹16,434 Cr

Historical NAV & returns

NAV: ₹6110.6683 as on Jul 21, 2025

This fund Category average

SBI Magnum Ultra Short Duration Fund overview

Expense ratio	0.35% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹16,434 Cr
Lock-in Period	Nil
Age	12 yrs 6 m since Jan 01, 2013
Benchmark	CRISIL Ultra Short Duration Debt A-I Index
Min. investment	Lumpsum: ₹5000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

SBI Magnum Ultra Short Duration 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 Jul 22, 2025

Period	This fund	Category average
1 Month	0.49%	0.5%
3 Months	1.8%	1.82%
6 Months	3.98%	4.03%
1 Year	7.76%	7.82%
2 Years	7.58%	7.61%
3 Years	7.31%	7.34%
4 Years	6.38%	6.48%
5 Years	5.87%	6.04%
7 Years	6.48%	6.24%
10 Years	6.77%	6.71%

Asset allocationas on May 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

A1+ 59.29670184%

AAA 22.52344966%

SOV 15.38570161%

Cash & Call Money 1.82157177%

Top Debt Holdings

HDFC Bank Ltd. 7.59%

GOI 4.76%

Cholamandalam Investment and Finance Company Ltd. 4.64%

Canara Bank 4.56%

Allocation by Instruments

Certificate of Deposit 36.89059609000002%

Commercial Paper 22.406105750000005%

Debenture 13.540380439999998%

Cash Margin 13.53928509%

Other Holdings

Others 13.54%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
SBI Magnum Ultra Short Duration Fund	N.A.	16,434 Cr	12 yrs 6 m	0.35%
ICICI Prudential Ultra Short Term Fund	N.A.	16,269 Cr	12 yrs 6 m	0.39%
Axis Ultra Short Duration Fund	N.A.	6,122 Cr	6 yrs 10 m	0.36%
Sundaram Ultra Short Duration Fund	N.A.	2,551 Cr	12 yrs 6 m	0.23%
WhiteOak Capital Ultra Short Duration Fund	N.A.	475 Cr	6 yrs 2 m	0.47%
Tata Ultra Short Term Fund	N.A.	4,684 Cr	6 yrs 6 m	0.28%

Fund name	1M	6M	1Y	3Y	5Y	10Y
SBI Magnum Ultra Short Duration Fund	0.49%	3.98%	7.76%	7.31%	5.87%	6.77%
ICICI Prudential Ultra Short Term Fund	0.51%	4.16%	8.02%	7.54%	6.45%	7.73%
Axis Ultra Short Duration Fund	0.51%	4.13%	8.02%	7.57%	6.27%	4.61%
Sundaram Ultra Short Duration Fund	0.51%	4.07%	7.91%	7.47%	6.0%	6.21%
WhiteOak Capital Ultra Short Duration Fund	0.48%	3.88%	7.57%	7.14%	5.98%	3.54%
Tata Ultra Short Term Fund	0.51%	4.1%	8.02%	7.52%	6.1%	4.11%

Fund name	Std. deviation	Beta	Sharpe	Sortino
SBI Magnum Ultra Short Duration Fund	0.3	0.78	2.41	3.02
ICICI Prudential Ultra Short Term Fund	0.31	0.73	3.1	4.67
Axis Ultra Short Duration Fund	0.3	0.74	3.25	4.74
Sundaram Ultra Short Duration Fund	0.29	0.69	2.97	4.47
WhiteOak Capital Ultra Short Duration Fund	0.29	0.68	1.97	2.48
Tata Ultra Short Term Fund	0.3	0.72	3.07	4.07

View all Ultra Short Duration funds

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

Alpha	2.18 vs. 3.34 Underperformed at beating benchmark
Sharpe	2.41 vs. 3.06 Poor risk-adjusted returns
Beta	0.78 vs. 1.7 Less sensitive to market ups & downs
Standard deviation	0.3 vs. 0.25 More volatile performance

Compare SBI Magnum Ultra Short Duration Fund in detail with

About this fund

About SBI Magnum Ultra Short Duration Fund

SBI Magnum Ultra Short Duration Fund Direct-Growth is a Ultra Short Duration mutual fund scheme from Sbi Mutual Fund. This fund has been in existence for 12 yrs 6 m, having been launched on 01/01/2013. SBI Magnum Ultra Short Duration Fund Direct-Growth has ₹16,434 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of SBI Magnum Ultra Short Duration Fund Direct-Growth as of 21/07/2025 is ₹6110.67. The fund has an expense ratio of 0.35%, which is close to what most other Ultra Short Duration funds charge.

SBI Magnum Ultra Short Duration Fund Direct-Growth returns of last 1-year are 7.78%. Since launch, it has delivered 7.24% average annual returns. The fund has doubled the money invested in it every 11 yrs.
SBI Magnum Ultra Short Duration 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 below average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in HDFC Bank Ltd., GOI, Cholamandalam Investment and Finance Company Ltd., Canara Bank, Reserve Bank of India.

...

Fund AUM	16,434 Cr as on May 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 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.

SBI Mutual Fund details

No. of schemes	68 view all schemes
Total AUM	11,45,315 Cr as on Jun 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 CRISIL IBX Gilt Index - June 2036 Fund	N.A.	2,591 Cr	10.56%	N.A.
SBI Magnum Constant Maturity Fund	N.A.	1,944 Cr	10.54%	9.12%
SBI Dynamic Bond Fund	N.A.	3,560 Cr	8.93%	8.95%
SBI Magnum Gilt Fund	N.A.	12,573 Cr	8.74%	8.89%
SBI Credit Risk Fund	N.A.	2,245 Cr	9.59%	8.88%
SBI Magnum Income Fund	N.A.	1,983 Cr	9.13%	8.6%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of SBI Magnum Ultra Short Duration Fund?

The current Net Asset Value (NAV) of the SBI Magnum Ultra Short Duration Fund - Direct Growth plan is approximately ₹6110.6683 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The SBI Magnum Ultra Short Duration Fund is a 12 yrs 6 m old fund and has delivered average annual returns of 7.24% since inception.

SBI Magnum Ultra Short Duration Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.76%	7.31%	5.87%	6.77%	7.24%

How much does this mutual fund charge as expense ratio?

The SBI Magnum Ultra Short Duration Fund - Direct Growth has an expense ratio of 0.35%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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

The SBI Magnum Ultra Short Duration Fund currently has assets under management (AUM) or fund size valued at approximately 16,434 Cr as on May 31, 2025.

To whom does SBI Magnum Ultra Short Duration Fund lend to?

The top 3 debt holdings of SBI Magnum Ultra Short Duration Fund are as follows

Holding Name	Percentage of Portfolio
HDFC Bank Ltd.	7.59%
GOI	4.76%
Cholamandalam Investment and Finance Company Ltd.	4.64%

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 Ultra Short Duration Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	59.29670184%
AAA	22.52344966%
SOV	15.38570161%

What is risk level of SBI Magnum Ultra Short Duration Fund?

This is a Ultra Short Duration fund comes with Low to 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 Ultra Short Duration Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 Ultra Short Duration Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in SBI Magnum Ultra Short Duration Fund is complete.

How can I redeem my investments in SBI Magnum Ultra Short Duration Fund?

Redeeming your investments in SBI Magnum Ultra Short Duration Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in SBI Magnum Ultra Short Duration Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Ultra Short Duration

#NA

Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.