SBI Magnum Children's Benefit Fund Direct Growth
Hybrid
Direct
Children
NAV as on 21-11-2024
₹ 115.46
▲0.1%
1D
Inception Returns
12.9%
/yr
About SBI Magnum Children's Benefit Fund Direct Growth
SBI Magnum Children's Benefit Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by R. Srinivasan, Rajeev Radhakrishnan, Mohit Jain. This fund gives you the benefit of diversification.
Key Parameters
- SBI Magnum Children's Benefit Fund Direct Growth has ₹121 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.9.
Returns
SBI Magnum Children's Benefit Fund Direct Growth has given a CAGR return of 12.88% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 19.83%, 12.25% and 13.69% respectively.
Holdings
SBI Magnum Children's Benefit Fund Direct Growth has allocated its funds majorly in Government, Consumer Cyclical, Corporate, Industrial, Basic Materials, Cash Equivalent, Financial Services, Communication, Consumer Defensive, Health.
Taxation
As it is a children mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of SBI Magnum Children's Benefit Fund Direct Growth
To provide the investors an opportunity to earn regular income predominantly through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. There is a lock in period for SBI Magnum Children's Benefit Fund Direct Growth of 5 Years
Historical NAV & Returns
SBI Magnum Children's Benefit Fund Direct Growth Overview
| Expense ratio | 0.85% |
Benchmark | Nifty 50 Hybrid Composite Debt 15:85 |
| AUM | ₹121 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 3.0% |
| Lock In | 5 Years |
TurnOver | 94.07% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   High Risk |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 121.4 Cr as of Oct'24
- AUM increased by 0.2 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Government, Consumer Cyclical & Corporate
Mutual Fund Insights
SBI Magnum Children's Benefit Fund Direct Growth Highlights
High Risk
About the fund
Fund Allocations
AUM size ₹121 Cr
Expense Ratio 0.85%
Frequently Asked Questions for SBI Magnum Children's Benefit Fund Direct Growth
SBI Magnum Children's Benefit Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.69% | -0.69% |
6 Month Returns | 10.7% | 10.7% |
1 Year Returns | 19.83% | 19.83% |
3 Years Returns | 41.43% | 12.25% |
5 Years Returns | 89.96% | 13.69% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 88.5 |
AA | 11.5 |