Fund Details
SBI Magnum Children's Benefit Fund Savings Plan Direct
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.42% |
| NAV | ₹69.61 (19 Jan 2021) |
|---|---|
| Fund Started | 04 Jan 2013 |
| Fund Size | ₹74 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
2. 5Y 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. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 16.2% |
| State Bank of India | Financial | NCD | 7.9% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 7.8% |
| Power Finance Corpn. Ltd. | Financial | NCD | 7.7% |
| Food Corporation of India | FMCG | Debenture | 7.3% |
| Karnataka State | Others | SDL | 4.6% |
| Indian Bank | Financial | Debenture | 3.3% |
| Tata Power Co. Ltd. | Energy | Debenture | 3.1% |
| Muthoot Finance Ltd. | Financial | Debenture | 3.0% |
| Punjab National Bank | Financial | Bonds | 2.9% |
Fund Managers
SBI Magnum Children's Benefit Fund Savings Plan Direct Details
SBI Magnum Children's Benefit Fund Savings Plan Direct is a DEBT 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 Savings Plan Direct fund.The fund currently has an Asset Under Management(AUM) of ₹74 Cr and the Latest NAV as of 19 Jan 2021 is ₹69.61.
The SBI Magnum Children's Benefit Fund Savings Plan 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 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.
