SBI Magnum Children's Benefit Fund Investment Direct Growth
Hybrid
Direct
Children
NAV as on 21-11-2024
₹ 41.74
▲0.1%
1D
Inception Returns
41.2%
/yr
About SBI Magnum Children's Benefit Fund Investment Direct Growth
SBI Magnum Children's Benefit Fund Investment Direct Growth is a hybrid fund. This fund was started on 29 September, 2020. The fund is managed by Mohit Jain, Dinesh Ahuja, Rama Srinivasan. This fund gives you the benefit of diversification.
Key Parameters
- SBI Magnum Children's Benefit Fund Investment Direct Growth has ₹2825 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
SBI Magnum Children's Benefit Fund Investment Direct Growth has given a CAGR return of 41.16% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 36.43% and 21.15% respectively.
Holdings
SBI Magnum Children's Benefit Fund Investment Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Basic Materials, Consumer Defensive, Communication, Utilities, Real Estate, 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 Investment Direct Growth
The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across sectors and market capitalizations. The scheme will also invest in debt and money market instruments with an endeavour to generate income. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
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 Investment Direct Growth of 5 Years
Historical NAV & Returns
SBI Magnum Children's Benefit Fund Investment Direct Growth Overview
| Expense ratio | 0.81% |
Benchmark | CRISIL Hybrid 35+65 - Agg TR INR |
| AUM | ₹2825 Cr |
| Inception Date | 29 September, 2020 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 3.0% |
| Lock In | 5 Years |
TurnOver | 63.13% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 2.8K Cr as of Oct'24
- AUM decreased by 30.7 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Consumer Cyclical, Financial Services & Industrial
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Hatsun Agro Product Ltd | 5.51% | 0% | |
 Muthoot Finance Ltd | 5.26% | 0% | |
 Brainbees Solutions Ltd | 4.97% | 0% | |
 ReNew Energy Global PLC Ordinary Shares - Class A | 4.3% | 0% | |
 K.P.R. Mill Ltd | 4.26% | 0.7% |
SBI Magnum Children's Benefit Fund Investment Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹2825 Cr
Expense Ratio 0.81%
Frequently Asked Questions for SBI Magnum Children's Benefit Fund Investment Direct Growth
SBI Magnum Children's Benefit Fund Investment Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.64% | -4.64% |
6 Month Returns | 13.6% | 13.6% |
1 Year Returns | 36.43% | 36.43% |
3 Years Returns | 77.8% | 21.15% |
5 Years Returns | 0% | 0% |
- 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 | 100 |