SBI Magnum Children's Benefit Fund Direct-0.44%

3
3.53%
1 Year Return
Solution Oriented
Children's
3.0star
6M
1Y
3Y
5Y
All

Fund Details

SBI Magnum Children's Benefit Fund Direct

RiskModerately High
Min SIP Amount₹500
Expense Ratio1.43%
NAV61.07 (14 Jul 2020)
Fund Started04 Jan 2013
Fund Size64 Cr

Returns

1Y
3Y*
5Y*
Since inception*
SBI Magnum Children's Benefit Fund Direct
3.5%
5.4%
10.4%
11.1%
Category Average
3.2%
4.0%
2.0%
-
Rank within category
26
11
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
    0
    with 3.5% annual returns

    Comparison

    Data not available
    Pros
    1. 3Y Returns are higher than the category average returns
    2. 5Y Returns are higher than the category average returns
    Cons
    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. 1Y Returns are lower than the category average returns

    Top Holdings

    NameSectorInstrument% Assets
    Power Finance Corpn. Ltd.FinancialBonds/NCD8.7%
    State Bank of IndiaFinancialNCD8.6%
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture8.5%
    Canara BankFinancialDebenture6.5%
    Muthoot Finance Ltd.FinancialDebenture5.3%
    Karnataka StateOthersSDL5.1%
    Indian BankFinancialDebenture3.5%
    Tata Power Co. Ltd.EnergyDebenture3.3%
    Cipla Ltd.HealthcareEquity1.6%
    ICICI Bank Ltd.FinancialEquity1.6%
    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

    SBI Magnum Children's Benefit Fund Direct Details

    SBI Magnum Children's Benefit Fund Direct is a Solution Oriented Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 04 Jan 2013. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Children's Benefit Fund Direct fund.The fund currently has an Asset Under Management(AUM) of ₹64 Cr and the Latest NAV as of 14 Jul 2020 is ₹61.07.

    The SBI Magnum Children's Benefit Fund Direct 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 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
    29 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,
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