Fund Details
SBI Magnum Children's Benefit Fund Savings Plan
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.24% |
| NAV | ₹64.53 (25 Jan 2021) |
|---|---|
| Fund Started | 21 Feb 2002 |
| Fund Size | ₹74 Cr |
Returns
Comparison
1. Age is more than 10 years
2. Age is more than 10 years
3. 1Y Returns are higher than the category average returns
4. 3Y Returns are higher than the category average returns
5. 5Y Returns are higher than the category average returns
6. 10Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. Risk is higher compared to the benchmark
4. Higher expense ratio
5. 1Y Returns are lower than the benchmark
6. 3Y Returns are lower than the benchmark
7. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
8. Risk-adjusted returns are lower compared to the category
9. Higher expense ratio - 2.26%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 13.6% |
| State Bank of India | Financial | NCD | 7.4% |
| Power Finance Corpn. Ltd. | Financial | NCD | 7.2% |
| Food Corporation of India | FMCG | Debenture | 6.8% |
| Karnataka State | Others | SDL | 4.3% |
| Burger King India Ltd. | FMCG | Equity | 4.0% |
| Indian Bank | Financial | Debenture | 3.0% |
| Tata Power Co. Ltd. | Energy | Debenture | 2.9% |
| Muthoot Finance Ltd. | Financial | Debenture | 2.8% |
| Punjab National Bank | Financial | Bonds | 2.8% |
Fund Managers
SBI Magnum Children's Benefit Fund Savings Plan Details
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 ₹74 Cr and the Latest NAV as of 25 Jan 2021 is ₹64.53.
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
Investment Objective
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.
