SBI Magnum Children's Benefit Fund Direct Growth
Hybrid
Direct
Children
NAV: ₹ 95.1 as on 04-10-2023
Fund Performance
15 people have invested ₹ 13.5K in SBI Magnum Children's Benefit Fund Direct Growth in the last three months
Fund Insights
Over the last 6 months, this fund has experienced a 10.9% growth in AUM moving from 90.3 Cr to 100.11 Cr.
In the last 1 year, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 25.07% return, outperforming this fund by 11.32%.
This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 0.81% which is lower than the category average expense ratio of 1.54%.
In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 44.61% return, outperforming this fund by 29.78% per annum.
In the last 5 years, Tata Young Citizens' Fund (After 7 years) Direct Plan Growth has given 16.32% return, outperforming this fund by 5.57% per annum.
About the Fund
SBI Magnum Children's Benefit Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by R. Srinivasan, Mohit Jain, Rajeev Radhakrishnan. This fund gives you the benefit of diversification.
Key Parameters
- SBI Magnum Children's Benefit Fund Direct Growth has ₹100 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.8.
SBI Magnum Children's Benefit Fund Direct Growth Overview
 | 0.81% |
 Benchmark | Nifty 50 Hybrid Composite Debt 15:85 |
 | ₹100 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 3% |
 | 5 Years |
 TurnOver | 76.46% |
Fund Distribution as on (31-Aug-23)
Sector Allocation
Financial Services
36.5%
Consumer Cyclical
21.5%
Consumer Defensive
12.8%
Basic Materials
10.5%
Health
7.1%
Communication
6.6%
Industrial
5%
Top Holdings of SBI Magnum Children's Benefit Fund Direct Growth as on (30-Sep-23)
Equity Holdings20
Debt Holdings10
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 SBFC Finance Ltd | 2.57% | 0% | |
 Hatsun Agro Product Ltd | 1.78% | 0% | |
 Divi's Laboratories Ltd | 1.68% | 0% | |
Jupiter Life Line Hospitals Ltd | 1.5% | 0% | |
 Alphabet Inc Class A | 1.48% | 0% |
See all
SBI Magnum Children's Benefit Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 100.1 Cr as of Aug'23
- AUM increased by 2.1 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
SBI Magnum Children's Benefit Fund Direct Growth Fund Manager
R. Srinivasan
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 13 January 2021
Top funds managed
Mohit Jain
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 30 November 2017
Top funds managed
Rajeev Radhakrishnan
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 9 June 2008
Top funds managed
Fund Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
About the fund
This fund has delivered an average annual returns of 12.29% since inception which is more than its category average return of 12.19%
Fund Allocations
This fund has an allocation of 24.61% in Equity, 51.76% in Debt and 23.63% in Cash related instruments
AUM size ₹100 Cr
This fund has AUM of ₹100 Cr which is less than its category average of ₹ 1439 Cr
Expense Ratio 0.81%
This fund has an expense ratio of 0.81% which is less than its category average expense ratio of 1.75%
Frequently Asked Questions
The current NAV of SBI Magnum Children's Benefit Fund Direct Growth is ₹95.11 as on 04-Oct-2023.
Existing (Absolute + CAGR) as on 04-Oct-2023.
SBI Magnum Children's Benefit Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.29% | 1.29% |
6 Month Returns | 11.9% | 11.9% |
1 Year Returns | 13.75% | 13.75% |
3 Years Returns | 51.42% | 14.83% |
5 Years Returns | 66.66% | 10.76% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.81% as on September 2023
₹100 Cr as on September 2023
7.17% Govt Stock 2030(14.97%), 7.93% Govt Stock 2034(10.03%), Mahindra & Mahindra Financial Services Ltd(5%), Nexus Select Trust(4.98%), Mahanagar Telephone Nigam Limited(3.03%) as on September 2023
Government(35.94%), Cash Equivalent(23.63%), Corporate(15.82%) as on September 2023
AAA | 90.26 |
AA | 9.74 |
R. Srinivasan, Mohit Jain, Rajeev Radhakrishnan are the fund managers of SBI Magnum Children's Benefit Fund Direct Growth
The Exit load of SBI Magnum Children's Benefit Fund Direct Growth is 3%