DA
Dinesh AhujaFund Manager Since 29 Sept 2020
AllocationChildren
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth
3Y Annualised
20.43%
0.80% 1D
Fund Performance
Fund Multiplier
Fund Info
Peer Comparison
Fund Managers
AMC Details
Performance
1M Returns
6.63%
0.80% 1D
Benchmark
Nifty 50 Index Fund
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
This Fund
3 years 9 months
NIFTY 50
6 years 2 months
FD
9 years 7 months
Fund info
Fund size
₹3225.79 Cr
Min. SIP amount
₹500
Min. Lumpsum amount
₹5000
Exit load
0.03%
With respect to units not subject to lock-in period and the holding period is less than 3 years: 3% for redemption/switch out on or before 1 year from the date of allotment, 2% for redemption/switch out after 1 year and up to 2 years from the date of allotment , 1% for redemption/switch out after 2 years and up to 3 years from the date of allotment, Nil for redemption or switch-out after 3 years from the date of allotment.
Risk Profile
Very High Risk
Peer Comparison
This Fund's Performance Compared With Peers
Over the Period of oneMonth
1st
Tata Young Citizens' Fund (After 7 years) Direct Plan Growth
7.60%
2nd
Tata Young Citizen [After 7 years]
7.54%
3rd
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Reinvestment Inc Dist cum Cap Wdrl
6.97%
4th
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Payout Inc Dist cum Cap Wdrl
6.97%
5th
Aditya Birla Sun Life Bal Bhavishya Yojna Direct Growth
6.97%
12th
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth
6.63%
Fund Managers
RS
Rama SrinivasanFund Manager Since 29 Sept 2020
MJ
Mohit JainFund Manager Since 29 Sept 2020
About SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth is a Allocation mutual fund scheme from SBI Funds Management Ltd. This fund has been in existence for 4 years, having been launched on 2020-09-29. SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has ₹3225.79 Cr worth of assets under management (AUM) as of Fri Apr 18 2025. The latest Net Asset Value (NAV) of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth as of Thu Apr 17 2025 is ₹42.1009. The fund has an expense ratio of 0.87%, which is medium comparable to most other Allocation funds.
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth returns for the last 1 year are 23.21%. Since launch, it has delivered 37.18% average annual returns.
The SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has the majority of its money invested in Financial Services, Consumer Defensive, Consumer Cyclical, Utilities, Industrials, Basic Materials sectors.
Top 5 Holdings of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth.
- Muthoot Finance Ltd: 5.17%
- Hatsun Agro Product Ltd: 5.08%
- Thangamayil Jewellery Ltd: 4.62%
- HDFC Bank Ltd: 4.48%
- Bajaj Finserv Ltd: 4.36%
AMC Information
| Name | SBI Funds Management Ltd |
|---|---|
| Founding Date | 2020-09-29 |
| partnerforlife@sbimf.com | |
| Phone | 022 - 61793000 |
| Website | www.sbimf.com |
| Address | 9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai |
Tax Implications of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth
| Short Term Gains | Income tax rate applicable to the Unitholders as per their income slabs. |
|---|---|
| Long Term Gains | Income tax rate applicable to the Unitholders as per their income slabs. |
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FAQs
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Can I invest in SIP and a Lump Sum of SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth?
