SBI Magnum Gilt Direct Growth

Fund Overview

Fund Size

₹8,067 Cr

Expense Ratio

0.50%

ISIN

INF200K01SH3

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

SBI Magnum Gilt Direct Growth is a Government Bond mutual fund schemes offered by SBI Mutual Fund. This fund has been in existence for 13 years, 10 months and 1 days, having been launched on 01-Jan-13.
As of 31-Oct-26, it has a Net Asset Value (NAV) of ₹72.60, Assets Under Management (AUM) of 8067.41 Crores, and an expense ratio of 0.5%.

SBI Magnum Gilt Direct Growth has given a CAGR return of 8.63% since inception.
The fund's asset allocation comprises around 0.00% in equities, 3.64% in debts, and 96.36% in cash & cash equivalents.
You can start investing in SBI Magnum Gilt Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+3.14%

+1.77% (Cat Avg.)

3 Years

+6.47%

+5.95% (Cat Avg.)

5 Years

+6.21%

+5.13% (Cat Avg.)

10 Years

+7.32%

+5.68% (Cat Avg.)

Since Inception

+8.63%

— (Cat Avg.)

Portfolio Summaryas of 15th October 2026

Debt	₹293.37 Cr	3.64%
Others	₹7,774.04 Cr	96.36%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Cash Offsets For Shorts & Derivatives	Cash - General Offset	₹2,100 Cr	26.32%
India (Republic of)	Bond - Short-term Government Bills	₹1,243.6 Cr	15.59%
Treps	Cash - Repurchase Agreement	₹1,230.7 Cr	15.42%
7.71% Govt Stock 2066	Bond - Gov't/Treasury	₹1,214.12 Cr	15.22%
India (Republic of)	Bond - Short-term Government Bills	₹1,047.93 Cr	13.13%
91 Day T-Bill 31.12.26	Bond - Gov't/Treasury	₹790.7 Cr	9.91%
91 Day T-Bill 14.01.27	Bond - Gov't/Treasury	₹690.26 Cr	8.65%
Standard Chartered Bank 23-07-2031	Interest Rate Swap	₹-600 Cr	7.52%
Andhra Pradesh (Government of) 7.28%	Bond - Sub-sovereign Government Debt	₹504.18 Cr	6.32%
6.94% Govt Stock 2036	Bond - Gov't/Treasury	₹363.63 Cr	4.56%
Deutsche Bank AG New York Branch	Bond - Capital Contingent Debt	₹-300 Cr	3.76%
HSBC Bank PLC	Bond - Corporate Bond	₹-300 Cr	3.76%
Icici Securities Primary Dealership Ltd. 23-07-2031	Interest Rate Swap	₹-300 Cr	3.76%
Nomura Fixed Income Securities Pvt. Ltd. 04-08-2031	Interest Rate Swap	₹-300 Cr	3.76%
Standard Chartered Bank 15-07-2031	Interest Rate Swap	₹-300 Cr	3.76%
7.43% Govt Stock 2076	Bond - Gov't/Treasury	₹256.06 Cr	3.21%
India (Republic of)	Bond - Short-term Government Bills	₹249.77 Cr	3.13%
India (Republic of)	Bond - Short-term Government Bills	₹149.7 Cr	1.88%
India (Republic of)	Bond - Short-term Government Bills	₹98.61 Cr	1.24%
Net Receivable / Payable	Cash - Collateral	₹87.65 Cr	1.10%
6.9% Govt Stock 2065	Bond - Gov't/Treasury	₹44.18 Cr	0.55%
Chhattisgarh (Government of) 7.37%	Bond - Sub-sovereign Government Debt	₹7.98 Cr	0.10%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Gov't/Treasury	₹3,358.95 Cr	42.10%
Bond - Short-term Government Bills	₹2,789.6 Cr	34.96%
Cash - General Offset	₹2,100 Cr	26.32%
Interest Rate Swap	₹-1,500 Cr	18.80%
Cash - Repurchase Agreement	₹1,230.7 Cr	15.42%
Bond - Sub-sovereign Government Debt	₹512.17 Cr	6.42%
Bond - Capital Contingent Debt	₹-300 Cr	3.76%
Bond - Corporate Bond	₹-300 Cr	3.76%
Cash - Collateral	₹87.65 Cr	1.10%

Risk & Performance Ratios

Fund Managers

Sudhir Agarwal

Since July 2025

Additional Scheme Detailsas of 15th October 2026

ISIN

INF200K01SH3

Expense Ratio

0.50%

Exit Load

No Charges

Fund Size

₹8,067 Cr

Age

13 years 10 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty All Duration G-Sec Index PR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Government Bond Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Zerodha Nifty 8-13 Yr G-Sec ETF Moderate Risk	0.1%	-	₹131.17 Cr	1.0%
Groww Gilt Fund Direct Growth Moderate Risk	0.6%	0.0%	₹33.34 Cr	1.5%
Groww Gilt Fund Regular Growth Moderate Risk	1.7%	0.0%	₹33.34 Cr	0.4%
Bajaj Finserv Gilt Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹25.54 Cr	4.2%
Bajaj Finserv Gilt Fund Regular Growth Low to Moderate Risk	1.4%	0.0%	₹25.54 Cr	3.3%
Aditya Birla Sun Life CRISIL Broad Based Gilt ETF Moderate Risk	0.1%	-	₹11.94 Cr	1.2%
UTI Nifty 10 yr Benchmark G-Sec ETF Moderate Risk	0.3%	-	₹23.60 Cr	-0.3%
UTI Nifty 5 Yr Benchmark G-Sec ETF Moderate Risk	0.2%	-	₹25.98 Cr	3.1%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹44.01 Cr	2.2%
ICICI Prudential Gilt Fund Direct Growth Low to Moderate Risk	0.6%	0.0%	₹9117.79 Cr	1.9%
HSBC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹152.28 Cr	1.6%
Bandhan Government Securities Fund Investment Plan Direct Growth Moderate Risk	0.6%	0.0%	₹1686.14 Cr	7.4%
Nippon India Gilt Securities Fund Direct Growth Moderate Risk	0.5%	0.0%	₹1486.62 Cr	2.5%
Invesco India Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹105.01 Cr	1.2%
Kotak Gilt Investment Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹2064.97 Cr	1.8%
Nippon India ETF Nifty 5 yr Benchmark G-Sec Moderate Risk	0.1%	-	₹259.98 Cr	3.2%
Axis Gilt Fund Regular Growth Moderate Risk	0.9%	0.0%	₹336.40 Cr	2.7%
Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt Moderate Risk	0.1%	-	₹2364.46 Cr	1.0%
Bandhan Government Securities Fund Investment Plan Regular Growth Moderate Risk	1.2%	0.0%	₹1686.14 Cr	6.8%
Aditya Birla Sun Life Nifty G-Sec Jun 2027 ETF Moderate Risk	-	-	-	-
Edelweiss Government Securities Fund Direct Growth Moderate Risk	0.5%	0.0%	₹118.93 Cr	0.9%
Edelweiss Government Securities Fund Regular Growth Moderate Risk	1.1%	0.0%	₹118.93 Cr	0.3%
Motilal Oswal Nifty 5 year Benchmark G-Sec ETF Moderate Risk	0.3%	-	₹153.38 Cr	2.9%
LIC MF Nifty 8-13 yr G-SEC ETF Moderate Risk	0.2%	-	₹1703.74 Cr	1.0%
UTI Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹414.87 Cr	3.1%
Axis Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹336.40 Cr	3.1%
Baroda BNP Paribas Gilt Fund Direct Growth Moderate Risk	0.1%	0.0%	₹515.35 Cr	2.1%
HDFC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹1884.59 Cr	2.0%
Aditya Birla Sun Life Government Securities Fund Direct Growth Moderate Risk	0.5%	0.0%	₹1175.01 Cr	0.9%
SBI Magnum Gilt Direct Growth Moderate Risk	0.5%	0.0%	₹8067.41 Cr	3.1%
ICICI Prudential Nifty 5 Yr Bench G-SEC ETF Moderate Risk	0.2%	-	₹20.61 Cr	3.2%
Tata Gilt Securities Fund Direct Growth Moderate Risk	0.3%	0.0%	₹769.09 Cr	1.3%
Franklin India Government Securities Direct Growth Low to Moderate Risk	0.6%	0.0%	₹145.17 Cr	4.0%
Canara Robeco Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹110.99 Cr	1.8%
DSP Government Securities Direct Growth Moderate Risk	0.6%	0.0%	₹1082.59 Cr	1.9%
PGIM India Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹85.02 Cr	1.1%
Union Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹74.68 Cr	-0.5%
Union Gilt Fund Regular Growth Moderate Risk	1.1%	0.0%	₹74.68 Cr	-0.9%
Quant Gilt Fund Regular Growth Moderate Risk	1.6%	0.0%	₹73.11 Cr	1.1%
Quant Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹73.11 Cr	2.2%
Invesco India Gilt Fund Regular Growth Moderate Risk	1.3%	0.0%	₹105.01 Cr	0.6%
Motilal Oswal 5 Year G-Sec Fund of Fund Regular Growth Moderate Risk	0.5%	0.0%	₹61.62 Cr	2.8%
Motilal Oswal 5 Year G-Sec Fund of Fund Direct Growth Moderate Risk	0.4%	0.0%	₹61.62 Cr	2.9%
Kotak Gilt Investment Fund Regular Growth Low to Moderate Risk	1.5%	0.0%	₹2064.97 Cr	0.8%
Aditya Birla Sun Life Government Securities Fund Regular Growth Moderate Risk	1.1%	0.0%	₹1175.01 Cr	0.3%
LIC MF Gilt Fund Regular Growth Moderate Risk	1.1%	0.0%	₹44.01 Cr	1.7%
PGIM India Gilt Fund Regular Growth Moderate Risk	1.4%	0.0%	₹85.02 Cr	0.3%
DSP Government Securities Regular Growth Moderate Risk	1.2%	0.0%	₹1082.59 Cr	1.3%
Baroda BNP Paribas Gilt Fund Regular Growth Moderate Risk	0.4%	0.0%	₹515.35 Cr	1.8%
Canara Robeco Gilt Fund Regular Growth Moderate Risk	1.2%	0.0%	₹110.99 Cr	1.1%

About the AMC

SBI Mutual Fund

022 - 61793000

https://www.sbimf.com/

Total AUM

₹12,90,879 Cr

Address

C-38 & 39, G Block, Bandra Kurla Complex, Mumbai, 400 051

Other Funds by SBI Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
SBI Nifty200 Value 30 ETF FOF Direct Growth Very High Risk	-	1.0%	-	-
SBI Balanced Hybrid Fund Direct Growth Very High Risk	3.6%	1.0%	₹1979.76 Cr	-
Magnum Equity Ex-Top 100 Long Short Fund Direct Growth Moderate Risk	4.2%	1.0%	₹1598.35 Cr	-
SBI Nifty Midcap 150 Momentum 50 ETF FOF Direct Growth Very High Risk	0.4%	1.0%	₹116.66 Cr	-
SBI CRISIL IBX SDL Index June 2034 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹35.08 Cr	-
SBI CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹39.20 Cr	-
SBI Nifty G-sec Jul 2031 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹19.62 Cr	-
SBI CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹482.15 Cr	-
SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹2317.78 Cr	-
SBI Quality Fund Direct Growth Very High Risk	1.3%	1.0%	₹2577.70 Cr	-
Magnum Hybrid Long Short Fund Direct Growth Low to Moderate Risk	1.0%	0.0%	₹3980.49 Cr	3.2%
SBI Dynamic Asset Allocation Active FoF Direct Growth High Risk	0.3%	1.0%	₹2213.50 Cr	-0.9%
SBI Nifty100 Low Volatility 30 Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹51.52 Cr	-7.4%
SBI Nifty200 Momentum 30 Index Fund Direct Growth Very High Risk	0.9%	0.0%	₹113.58 Cr	-9.2%
SBI NIFTY 200 Quality 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹303.14 Cr	-9.3%
SBI Income Plus Arbitrage Active FOF Direct Growth Moderate Risk	0.1%	0.0%	₹1747.30 Cr	5.1%
SBI BSE PSU Bank Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹333.21 Cr	0.5%
SBI Nifty IT Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹128.95 Cr	-7.5%
SBI Nifty Bank Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹199.01 Cr	-4.9%
SBI Quant Fund Direct Growth Very High Risk	1.6%	0.0%	₹2600.09 Cr	-9.5%
SBI Nifty India Consumption Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹239.13 Cr	-10.4%
SBI Nifty 500 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹733.87 Cr	-7.2%
SBI Innovative Opportunities Fund Direct Growth Very High Risk	1.1%	1.0%	₹5124.95 Cr	5.9%
SBI Silver ETF Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹3727.50 Cr	21.8%
SBI Automotive Opportunities Fund Direct Growth Very High Risk	1.0%	1.0%	₹6070.82 Cr	17.4%
SBI Energy Opportunities Fund Direct Growth Very High Risk	0.9%	1.0%	₹7965.95 Cr	-6.2%
SBI Fixed Maturity Plan Series 92 91 Days Direct Growth Moderate Risk	-	0.0%	-	-
SBI Nifty50 Equal Weight Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹995.46 Cr	-4.6%
SBI Fixed Maturity Plan (FMP) - Series 91 (90 Days) Direct Growth Moderately High risk	-	0.0%	-	-
SBI Debt Fund Series C 24 Direct Growth Low to Moderate Risk	-	0.0%	-	4.4%
SBI Fixed Maturity Plan (FMP) - Series 47 (1434 Days) Direct Growth Low Risk	-	0.0%	₹144.26 Cr	7.0%
SBI Fixed Maturity Plan Series 41 1498 Days Direct Growth Low Risk	-	0.0%	₹915.41 Cr	7.0%
SBI Long Term Advantage Fund Series II Direct Growth Very High Risk	-	0.0%	₹34.17 Cr	6.8%
SBI Debt Fund Series C 25 Direct Growth Low to Moderate Risk	-	0.0%	-	5.1%
SBI Fixed Maturity Plan (FMP) - Series 60 (1878 Days) Direct Growth Low Risk	-	0.0%	₹264.17 Cr	5.7%
SBI Fixed Maturity Plan (FMP) - Series 74 1243 Days Direct Growth Low to Moderate Risk	-	-	₹154.11 Cr	5.7%
SBI Fixed Maturity Plan Series 78 1170 Days Direct Growth Low to Moderate Risk	-	0.0%	₹122.06 Cr	5.9%
SBI Fixed Maturity Plan Series 66 1361 Days Direct Growth Moderate Risk	-	0.0%	₹662.46 Cr	6.0%
SBI Fixed Maturity Plan Series 57 1835 Days Direct Growth Low Risk	-	-	₹274.23 Cr	5.7%
SBI Fixed Maturity Plan (FMP) - Series 80 366 Days Direct Growth Moderate Risk	-	0.0%	-	7.6%
SBI Fixed Maturity Plan Series 1 3668 Days Direct Growth Moderate Risk	-	0.0%	₹51.07 Cr	4.3%
SBI Fixed Maturity Plan Series 81 1157 Days Direct Growth Low Risk	-	0.0%	₹399.49 Cr	5.8%
SBI Fixed Maturity Plan (FMP) - Series 49 (1823 Days) Direct Growth Low Risk	-	0.0%	₹421.11 Cr	5.8%
SBI Fixed Maturity Plan (FMP) - Series 75 (366 Days) Direct Growth Moderate Risk	-	-	-	7.5%
SBI Fixed Maturity Plan Series 46 1850 Days Direct Growth Low Risk	-	0.0%	₹140.98 Cr	5.5%
SBI Fixed Maturity Plan Series 53 1839 Days Direct Growth Low Risk	-	-	₹332.42 Cr	5.7%
SBI Long Term Advantage Fund Series I Direct Growth Low Risk	-	0.0%	₹49.50 Cr	17.1%
SBI Fixed Maturity Plan Series 79 1130 Days Direct Growth Low Risk	-	0.0%	₹79.97 Cr	6.1%
SBI Long Term Advantage Fund Series VI Direct Growth Very High Risk	-	0.0%	₹250.68 Cr	-7.1%
SBI Fixed Maturity Plan Series 76 1221 Days Direct Growth Low Risk	-	-	₹161.44 Cr	5.6%

Risk Level

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

The NAV of SBI Magnum Gilt Direct Growth, as of 31-Oct-2026, is ₹72.60.

What are the returns of SBI Magnum Gilt Direct Growth?

The fund has generated 3.14% over the last 1 year and 6.47% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of SBI Magnum Gilt Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 3.64% in bonds, and 96.36% in cash and cash equivalents.

Who manages the SBI Magnum Gilt Direct Growth?

The fund managers responsible for SBI Magnum Gilt Direct Growth are:-

Sudhir Agarwal

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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SBI Magnum Gilt Direct Growth

Fund Overview