|Min SIP Amount||₹500|
|NAV||₹59.19 (29 Oct 2020)|
|Fund Started||21 Feb 2002|
|Fund Size||₹66 Cr|
|State Bank of India||Financial||NCD||8.1%|
|National Bank For Agriculture & Rural Development||Financial||Debenture||8.0%|
|Power Finance Corpn. Ltd.||Financial||NCD||7.8%|
|Tata Power Co. Ltd.||Energy||Debenture||3.1%|
|Muthoot Finance Ltd.||Financial||Debenture||3.1%|
|Punjab National Bank||Financial||Bonds||3.0%|
SBI Magnum Children's Benefit Fund Savings Plan is a DEBT Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 21 Feb 2002. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Children's Benefit Fund Savings Plan fund.The fund currently has an Asset Under Management(AUM) of ₹66 Cr and the Latest NAV as of 29 Oct 2020 is ₹59.19.
The SBI Magnum Children's Benefit Fund Savings Plan is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit Load of 3% if redeemed within an year, 2% if redeemed within 2 years and 1% if redeemed within 3 years
The scheme seeks 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.