Morningstar: Mutual Fund Guide

SBI Magnum Income Fund Investment Strategy Dinesh Ahuja has been the lead portfolio manager of this fund since February 2011 and has a total experience of more than 20 years. He comes across as a skilled and experienced manager and has helped the fund build an impressive track record during his tenure. The strategy employs a bottom-up approach combined with a top-down overlay to generate superior risk-adjusted returns. A top-down approach guides portfolio position around predetermined risk parameters by assessing gross domestic product/inflation, monetary/fiscal policy, interest rate, liquidity, yield curve, credit spread, and so on, while the intensive bottom-up credit research uses an in-house model for security selection. The managers use various qualitative and quantitative parameters and put a lot of emphasis on a company’s management, business, and financial health. They...