SBI Magnum COMMA Fund is a sectoral/thematic equity fund offered by SBI Mutual Fund. With a focus on the commodities sector, this fund aims to provide long-term capital appreciation to investors. As of May 24, 2024, its NAV stands at ₹99.1828.
- Expense Ratio: 2.53% (2.13% Category average)
- Risk-O-Meter: Very High
- Suitable For: Investors with advanced knowledge of macro trends, preferring selective bets for higher returns despite potential moderate to high losses.
- Crisil Rank Change: Updated from 2 to 1 in the previous quarter(Relatively weak performance)
SBI Magnum COMMA Fund – Performance Overview
| Period | Returns (%) | Rank within Category |
| 1 Week | 1.68 | 74/182 |
| 1 Month | 2.79 | 119/180 |
| 3 Months | 7.40 | 73/174 |
| 6 Months | 24.84 | 62/165 |
| YTD | 10.90 | 89/169 |
| 1 Year | 52.56 | 50/144 |
| 2 Years | 54.96 | 84/133 |
| 3 Years | 54.12 | 83/121 |
| 5 Years | 169.75 | 45/101 |
| 10 Years | 303.51 | 43/78 |
| Since Inception | 891.83 | 132/179 |
SBI Magnum COMMA Fund –Comparative Performance
| Category | 1 D | 1 M | 3 M | 6 M | YTD | 1 Y | 2 Y | 3 Y | 5 Y |
| This Fund | -0.03% | 2.79% | 7.39% | 24.84% | 11.50% | 52.38% | 24.45% | 15.49% | 21.93% |
| Nifty 50 | -0.05% | 2.48% | 3.33% | 15.93% | 5.64% | 25.47% | 19.29% | 14.73% | 14.14% |
| Benchmark: Nifty Commodities TRI | 0.01% | 5.29% | 9.90% | 37.38% | 18.76% | 58.53% | 31.50% | 23.69% | 21.89% |
| Category Average | -0.04% | 4.34% | 6.71% | 24.66% | 14.15% | 47.38% | 30.22% | 21.36% | 20.25% |
| Category Rank | 76/149 | 119/180 | 73/174 | 62/165 | 89/169 | 50/144 | 84/133 | 83/121 | 45/101 |
| Best in Category | 1.31% | 14.86% | 25.02% | 64.41% | 39.26% | 118.93% | 66.25% | 46.93% | 35.88% |
| Worst in Category | -1.26% | -0.29% | -11.00% | 1.80% | -4.17% | 7.20% | 5.07% | -4.84% | 5.33% |
The fund performs relatively poorly among its peers, as indicated by its CRISIL rank. However, it’s essential to note that the CRISIL rank improved from 2 to 1 in the previous quarter, reflecting potential changes in its performance trajectory.
SBI Magnum COMMA Fund – Risk Analysis
| Risk Ratios | Fund | Category Average |
| Standard Deviation | 15.38 | 12.78 |
| Beta | 0.88 | 0.85 |
| Sharpe Ratio | 0.72 | 1.08 |
| Treynor’s Ratio | 0.13 | 0.16 |
| Jensen’s Alpha | -3.97 | 2.46 |
The fund carries a very high risk rating, typical for sectoral/thematic funds. Its standard deviation, beta, Sharpe ratio, Treynor’s ratio, and Jensen’s alpha indicate higher volatility and comparatively poorer risk-adjusted returns compared to its category average. Investors should be prepared for fluctuations in the value of their investment.
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.
