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Yogi Zone

Useful articles for your finance management by our team of experts

Mutual Fund Review – SBI Magnum Instacash

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Fund Name: SBI Magnum Instacash (G)

CRISIL Rank: 3

Category: Debt – Liquid

Expense Ratio: 0.2%

Risk Level: Low

Benchmark: Crisil liquid

Objective: To provide the investors an opportunity to earn returns through investment in debt & money market securities, while having the benefit of a very high degree of liquidity to meet unexpected needs of cash.

Returns (Annualized)

1-Year3-Year5-Year
9.46%9.18%7.57%

Our Review

SBI Magnum Instacash (G) has made its inception in the year 1999. Since inception, it has produced annualized returns of 7.25%. It has managed to beat the benchmark index as well as category average consistently in the 3 and 5 year returns.

Top 5 holdings of the fund include Central bank of India, Dena bank, Corporation bank, Allahabad bank and Aditya Birla finance. The fund invests in securities with tenure of up to 91 days. Low expense ratio and investment in instruments of high credit rating make the fund a good investment avenue.

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