SBI Magnum Children's Benefit Fund Direct Growth

SBI Magnum Children's Benefit Fund Direct Growth

NAV as on 27-03-2025

₹ 115.8

-0.1%

1D

Inception Returns

12.5%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
44 people have invested ₹ 3.1L in SBI Magnum Children's Benefit Fund Direct Growth in the last three months

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 Rajeev Radhakrishnan, R. Srinivasan. This fund gives you the benefit of diversification.

Key Parameters

  1. SBI Magnum Children's Benefit Fund Direct Growth has ₹120 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

SBI Magnum Children's Benefit Fund Direct Growth has given a CAGR return of 12.46% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.86%, 11.99% and 16.15% respectively.

Holdings

SBI Magnum Children's Benefit Fund Direct Growth has allocated its funds majorly in Consumer Cyclical, Government, Corporate, Cash Equivalent, Industrial, Basic Materials, Financial Services, Consumer Defensive, Utilities.

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains 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

SBI Magnum Children's Benefit Fund Direct Growth Overview

Expense ratio0.85%
Benchmark
Nifty 50 Hybrid Composite Debt 15:85
AUM₹120 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
3.0%
Lock In5 Years
TurnOver
94.07%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Moderately High risk

Trailing Returns

as on (27-Mar-25)

Period
SBI Magnum Children's Benefit Fund Direct Growth
Hybrid Equity Index
1M
1.7%
-
3M
-1.3%
-
6M
-0.4%
-
1Y
13.9%
-
3Y
12%
-
5Y
16.2%
-

Fund Distribution

as on (28-Feb-25)

  • Equity 19.9%

  • Debt & Cash 80.1%

Small cap
14.6%

Large cap
2.7%

Mid cap
1.3%

Sector Allocation

Feb'25

Jan'25

Dec'24

Consumer Cyclical
55.2%
Industrial
16.9%
Basic Materials
11%
Financial Services
6.9%
Consumer Defensive
6.3%
Utilities
3.8%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 119.3 Cr
₹ 121.2 Cr
₹ 123 Cr
  • AUM of the fund stands at 119.3 Cr as of Feb'25
  • AUM decreased by 1.9 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Power Grid Corporation Of India Limited's allocation increased from 0.08% to 0.57%
Power Grid Corporation Of India Limited's allocation increased from 0.08% to 0.57%
Muthoot Finance Ltd's allocation increased from 1.1% to 1.22%
Muthoot Finance Ltd's allocation increased from 1.1% to 1.22%
Sheela Foam Ltd's allocation increased from 0.64% to 0.75%
Sheela Foam Ltd's allocation increased from 0.64% to 0.75%
Top Stocks sold last month
Nexus Select Trust's allocation decreased from 4.09 % to 4.07 %
Nexus Select Trust's allocation decreased from 4.09 % to 4.07 %
Mahindra & Mahindra Financial Services Ltd's allocation decreased from 4.08 % to 4.06 %
Mahindra & Mahindra Financial Services Ltd's allocation decreased from 4.08 % to 4.06 %
Muthoot Finance Limited's allocation decreased from 5.26 % to 2.46 %
Muthoot Finance Limited's allocation decreased from 5.26 % to 2.46 %

Top 3 Sectors in February were Consumer Cyclical, Government & Corporate

Feb'25
Consumer Cyclical
55%
Government
49%
Corporate
28%
Jan'25
Consumer Cyclical
55%
Government
49%
Corporate
28%
Fund
Feb'25
Jan'25
Dec'24
No of Holdings
36
37
38
Top 5 Company Concentration
6.6%
6.8%
7.5%
Company having highest exposure
Garware Technical Fibres Ltd (1.4%)
Garware Technical Fibres Ltd (1.5%)
Garware Technical Fibres Ltd (1.7%)
No of Sectors
8
8
8
Top 5 Sectors Concentration
160.7%
161.3%
169.4%
Sector having highest exposure
Consumer Cyclical (54.8%)
Consumer Cyclical (54.5%)
Government (59.5%)
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Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 9 June 2008
R. Srinivasan
R. Srinivasan
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 13 January 2021
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.63L Cr
as on 28-Feb-2025
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 0.85% which is lower than the category average expense ratio of 1.51%.
Insights icon
In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 20.22% return, outperforming this fund by 8.23% per annum.
Insights icon
In the last 5 years, Tata Young Citizens' Fund (After 7 years) Direct Plan Growth has given 24.33% return, outperforming this fund by 8.18% per annum.
Insights icon
In the last 1 year, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 23.65% return, outperforming this fund by 9.79%.

SBI Magnum Children's Benefit Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 12.46% since inception which is more than its category average return of 11.1%
Fund Allocations

Fund Allocations

This fund has an allocation of 19.93% in Equity, 61.65% in Debt and 18.41% in Cash related instruments
AUM size ₹120 Cr

AUM size ₹120 Cr

This fund has AUM of ₹120 Cr which is less than its category average of ₹ 1602 Cr
Expense Ratio 0.85%

Expense Ratio 0.85%

This fund has an expense ratio of 0.85% which is less than its category average expense ratio of 1.71%

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5Y CAGR

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SBI Retirement Benefit Fund - Aggressive Hybrid Plan Direct Growth

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3Y CAGR

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Frequently Asked Questions for SBI Magnum Children's Benefit Fund Direct Growth

The current NAV of SBI Magnum Children's Benefit Fund Direct Growth is ₹115.8 as on 27-Mar-2025.
Existing (Absolute + CAGR) as on 27-Mar-2025.
SBI Magnum Children's Benefit Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.71%
1.71%
6 Month Returns
-0.41%
-0.41%
1 Year Returns
13.86%
13.86%
3 Years Returns
40.45%
11.99%
5 Years Returns
111.42%
16.15%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.85% as on February 2025
₹120 Cr as on February 2025
7.38% State Government Of Uttar Pradesh 2036(12.66%), 7.18% Govt Stock 2033(8.55%), 6.79% Government Of India (07/10/2034)(8.37%), Sundaram Finance Limited(4.27%), Nexus Select Trust(4.16%) as on February 2025
Government(39.11%), Corporate(22.54%), Cash Equivalent(18.41%) as on February 2025
AAA
91.88
AA
8.12
Rajeev Radhakrishnan, R. Srinivasan are the fund managers of SBI Magnum Children's Benefit Fund Direct Growth
The Exit load of SBI Magnum Children's Benefit Fund Direct Growth is 3%