SBI Magnum Children's Benefit Fund Direct+0.17%

5Groww
-1.31%
1 Year Return
Solution Oriented
Children's
5.0 star
6M
1Y
3Y
5Y
All

Fund Details

SBI Magnum Children's Benefit Fund Direct

RiskModerately High
Min SIP Amount₹500
Expense Ratio1.46%
NAV57.7 (23 Aug 2019)
Fund Started04 Jan 2013
Fund Size62 Cr

Returns

1Y
3Y*
5Y*
Since inception*
SBI Magnum Children's Benefit Fund Direct
-1.3%
8.9%
11.3%
11.7%
Category Average
NA
NA
NA
-
Rank within category
31
2
1
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with -1.3% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. 3Y Returns are higher than the benchmark
    3. 5Y Returns are higher than the benchmark
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk is higher compared to the benchmark
    3. 1Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Gujarat StateOthersSDL8.6%
    Housing & Urban Development Corpn. Ltd.FinancialDebenture8.6%
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture8.5%
    National Highways Authority of India Ltd.ServicesDebenture8.4%
    State Bank of IndiaFinancialNCD8.2%
    Syndicate BankFinancialDebenture6.5%
    Muthoot Finance Ltd.FinancialDebenture5.2%
    Power Finance Corpn. Ltd.FinancialBonds/NCD4.9%
    Indostar Capital Finance Pvt Ltd.FinancialNCD4.8%
    ICICI Bank Ltd.FinancialDebenture4.8%
    See All

    Fund Managers

    addRajeev Radhakrishnan
    Education
    Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.
    Experience
    Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
    Funds Managed

    Other Details

    SBI Magnum Children's Benefit Fund Direct is a Solution Oriented Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 04 Jan 2013. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Children's Benefit Fund Direct.The fund currently has an Asset Under Management(AUM) of ₹62 Cr and the Latest NAV as of 23 Aug 2019 is ₹57.7.

    The SBI Magnum Children's Benefit Fund Direct is rated Moderately High risk. Minimum SIP Investment is 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 investment objective of the scheme will be to provide attractive returns to the Magnum holders / Unit holders by means of capital appreciation through an actively managed portfolio of debt, equity and money market instruments. Income generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio, will be reinvested.

    Tax Implications

    If average equity holding is >65%, returns are taxed at 15% (redeemed before one year) and 10% (After 1 year as per LTCG). If average equity holding is <65%, returns are taxed as per your Income Tax slab (redeemed before 3 years) and 20% with indexation benefit (post 3 years).

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Exit Load of 3% if redeemed within an year, 2% if redeemed within 2 years and 1% if redeemed within 3 years
    Exit Load

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    About SBI Mutual Fund

    Address
    9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051
    Phone
    022 - 61793000
    Launch Date
    28 Jun 1987
    SBI Mutual Fund
    Asset Management Company
    Custodian
    SBI SG Global Securities Services Pvt.Ltd.
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
    Invest Now
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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