| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.46% |
| NAV | ₹62.28 (25 Sep 2020) |
|---|---|
| Fund Started | 04 Jan 2013 |
| Fund Size | ₹67 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 16.4% |
| 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% |
| Canara Bank | Financial | Debenture | 6.1% |
| Karnataka State | Others | SDL | 4.7% |
| Indian Bank | Financial | Debenture | 3.3% |
| 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 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 Savings Plan Direct fund.The fund currently has an Asset Under Management(AUM) of ₹67 Cr and the Latest NAV as of 25 Sep 2020 is ₹62.28.
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
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.
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).