Should I invest in MAGNUM INSTA CASH FUND - DAILY DIVIDEND?

We don't give personal investment advice. MAGNUM INSTA CASH FUND - DAILY DIVIDEND is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.3%. 5-year CAGR: 6.00%.

SBI

MAGNUM INSTA CASH FUND - DAILY DIVIDEND

Unit split applied to historical metrics

This scheme had a 100× unit consolidation on 13 Jan 2012. Returns, SIP simulations and risk metrics on this page are split-adjusted — they reflect what a real investor's portfolio experienced (a consolidation doesn't change portfolio value, only the unit count and per-unit NAV).

Latest NAV

₹2,371.0627

As of

3 Jun 2026

6,035 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.03%	+0.01%	+0.02	4 / 41	Q1
1W	+0.21%	+0.13%	+0.08	6 / 41	Q1
2W	+0.14%	+0.13%	+0.01	16 / 40	Q2
1M	+0.23%	+0.20%	+0.02	15 / 40	Q2
3M	+1.28%	+0.76%	+0.52	8 / 41	Q1
6M	+2.62%	+1.24%	+1.39	8 / 41	Q1
YTD	+2.16%	+1.17%	+0.99	6 / 41	Q1
1Y	+5.79%	-6.85%	+12.64	6 / 45	Q1
2Y	+6.68%	-7.29%	+13.97	5 / 43	Q1
3Y	+6.84%	+1.84%	+5.00	4 / 36	Q1
4Y	+6.69%	+1.91%	+4.78	2 / 31	Q1
5Y	+6.00%	+1.84%	+4.16	4 / 30	Q1
7Y	+5.09%	+1.81%	+3.28	7 / 30	Q1
10Y	+3.53%	+2.19%	+1.34	7 / 20	Q2
Inception	+1.82%	-7.05%	+8.87	13 / 45	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+2.16%	+0.64%	+1.52	1 / 28
2025	+6.96%	+2.08%	+4.88	1 / 28
2024	+7.34%	+2.04%	+5.30	2 / 29
2023	+7.00%	+2.06%	+4.94	2 / 29
2022	+4.46%	+1.21%	+3.25	4 / 31
2021	+3.35%	-10.85%	+14.20	4 / 34
2020	+4.32%	-0.52%	+4.84	8 / 35
2019	+0.00%	+1.34%	-1.34	24 / 35
2018	+0.00%	+2.74%	-2.74	23 / 27
2017	+0.00%	+2.51%	-2.51	18 / 26
2016	+0.00%	+3.00%	-3.00	15 / 18

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+1.83%

222 windows

min 0.0% · max 7.7%

35% positive

3-Year rolling

+1.61%

198 windows

min 0.0% · max 7.2%

39% positive

5-Year rolling

+1.37%

174 windows

min 0.0% · max 6.0%

44% positive

7-Year rolling

+1.18%

149 windows

min 0.0% · max 5.1%

51% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.33%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.10%

May 2026 → May 2026

% positive months

100.0%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Ultra Short Duration Fund

Scheme	Fund house	NAV	As of
HDFC Ultra Short Term Fund - Daily IDCW Option	HDFC	₹10.1030	3 Jun 2026
NIPPON INDIA ULTRA SHORT DURATION FUND - DAILY IDCW OPTION	Nippon India	₹1,114.1500	3 Jun 2026
SBI MICF CASH PLAN	SBI	₹6,295.0425	3 Jun 2026
ICICI Prudential Ultra Short Term Fund - Daily IDCW	ICICI Prudential	₹10.0696	3 Jun 2026
Franklin India Ultra Short Duration Fund - IDCW	Franklin India	₹10.6803	3 Jun 2026
Kotak Floater Long-Term-Growth	Kotak Mahindra	₹45.1033	3 Jun 2026
UTI - FLOATING RATE STP - INSTN GROWTH OPTION	UTI	₹3,193.4301	3 Jun 2026
PGIM India Ultra Short Duration Fund - Daily Dividend	PGIM India	₹10.0203	3 Jun 2026
Birla Sun Life Savings Fund - Discipline Advantage Plan	Birla Sun Life	₹330.9646	3 Jun 2026
Sundaram Ultra Short Duration Fund (Formerly Known as Principal Ultra Short Term Fund) - Income Distribution CUM Capital Withdrawal Option (IDCW)	Sundaram	₹1,066.5205	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹2,371.0627
2 Jun 2026	₹2,370.5411
1 Jun 2026	₹2,369.8420
31 May 2026	₹2,368.7011
29 May 2026	₹2,367.8155
27 May 2026	₹2,365.9923
26 May 2026	₹2,365.6590
25 May 2026	₹2,365.7055
22 May 2026	₹2,364.8795
21 May 2026	₹2,365.1753

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of MAGNUM INSTA CASH FUND - DAILY DIVIDEND is ₹2,371.0627. It's a Ultra Short Duration Fund from SBI, run as a Unknown plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

MAGNUM INSTA CASH FUND - DAILY DIVIDEND has NAV history starting from 15 Mar 2007, a track record of about 19 years 2 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

MAGNUM INSTA CASH FUND - DAILY DIVIDEND is managed by SBI. It's classified by AMFI under the 'Ultra Short Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, MAGNUM INSTA CASH FUND - DAILY DIVIDEND has delivered a absolute return of 5.79% — +12.64 pp ahead of the Ultra Short Duration Fund category average of -6.85%. The fund ranks #6 of 45 in its category — the top (Q1) quartile.

Over the trailing 3-year window, MAGNUM INSTA CASH FUND - DAILY DIVIDEND has delivered a CAGR of 6.84% — +5 pp ahead of the Ultra Short Duration Fund category average of 1.84%. The fund ranks #4 of 36 in its category — the top (Q1) quartile.

Over the trailing 5-year window, MAGNUM INSTA CASH FUND - DAILY DIVIDEND has delivered a CAGR of 6.00% — +4.16 pp ahead of the Ultra Short Duration Fund category average of 1.84%. The fund ranks #4 of 30 in its category — the top (Q1) quartile.

₹1 lakh invested in MAGNUM INSTA CASH FUND - DAILY DIVIDEND exactly 10 years ago would be worth approximately ₹141,523 today — a multiplier of 1.42×, based on the 10-year CAGR of 3.53%. The category average over the same window would have grown ₹1 lakh to ₹124,194.

A ₹10,000 monthly SIP in MAGNUM INSTA CASH FUND - DAILY DIVIDEND over the last 5 years — total invested ₹600,000 — would be worth ₹707,507 today. That's an XIRR (money-weighted annualised return) of 6.52%.

A ₹10,000 monthly SIP for 10 years in MAGNUM INSTA CASH FUND - DAILY DIVIDEND = ₹1,200,000 invested. It would currently be worth ₹1,550,478 (multiplier 1.29×). XIRR: 5.00%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, MAGNUM INSTA CASH FUND - DAILY DIVIDEND ranks #4 out of 30 funds in the Ultra Short Duration Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 1.84%; this fund delivered 6.00%.

The worst peak-to-trough decline MAGNUM INSTA CASH FUND - DAILY DIVIDEND has experienced over the last 5-year window is 0.30% — its NAV fell from a high on 02 May 2022 to a low on 06 May 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, MAGNUM INSTA CASH FUND - DAILY DIVIDEND averaged 1.37% (best 6.00%, worst -0.01%). 44% of rolling windows ended positive. The 5-year Sharpe ratio is -1.27 — negative risk-adjusted performance.

In calendar year 2025, MAGNUM INSTA CASH FUND - DAILY DIVIDEND returned 6.96% — beating the Ultra Short Duration Fund category average of 2.08% by 4.88 pp. It ranked #1 of 28 in its category that year.

MAGNUM INSTA CASH FUND - DAILY DIVIDEND is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. MAGNUM INSTA CASH FUND - DAILY DIVIDEND is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.3%. 5-year CAGR: 6.00%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.