SBI Magnum Children's Benefit Fund Direct Growth

Hybrid
Direct
Children
SBI Magnum Children's Benefit Fund Direct Growth

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 Rajeev Radhakrishnan, R. Srinivasan, Mohit Jain. This fund gives you the benefit of diversification.

Key Parameters

  1. SBI Magnum Children's Benefit Fund Direct Growth has ₹113 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

SBI Magnum Children's Benefit Fund Direct Growth has given a CAGR return of 12.72% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 19.74%, 13.43% and 12.78% respectively.

Holdings

SBI Magnum Children's Benefit Fund Direct Growth has allocated its funds majorly in Government, Consumer Cyclical, Corporate, Industrial, Financial Services, Health, Cash Equivalent, Consumer Defensive, Basic Materials, Communication.

Taxation

As it is a children mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of SBI Magnum Children's Benefit Fund Direct Growth

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. There is a lock in period for SBI Magnum Children's Benefit Fund Direct Growth of 5 Years

Fund Performance
zero opening, trading, fund transfer fee
10 people have invested ₹ 43K in SBI Magnum Children's Benefit Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.86%
Benchmark
Nifty 50 Hybrid Composite Debt 15:85
AUM₹113 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
3%
Lock In5 Years
TurnOver
76.46%
Risk
Risk meter
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High Risk

Fund Distribution
as on (31-May-24)

  • Equity 26%

  • Debt & Cash 74%

Sector Allocation

May'24

Apr'24

Mar'24

Consumer Cyclical
32.5%
Industrial
21.9%
Financial Services
10.9%
Consumer Defensive
10.2%
Health
10%
Basic Materials
8.5%
Communication
6%
All changes are between Oct'69 and Dec'69

Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 9 June 2008
R. Srinivasan
R. Srinivasan
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 13 January 2021
Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 30 November 2017

Mutual Fund Insights

Insights icon
In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 33.59% return, outperforming this fund by 20.16% per annum.
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In the last 1 year, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 43.63% return, outperforming this fund by 23.89%.
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This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 0.86% which is lower than the category average expense ratio of 1.52%.
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Over the last 1 month, this fund has experienced a 2.3% growth in AUM moving from 110.35 Cr to 112.9 Cr.
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In the last 5 years, Tata Young Citizens' Fund (After 7 years) Direct Plan Growth has given 19.61% return, outperforming this fund by 6.83% per annum.

SBI Magnum Children's Benefit Fund Direct Growth Highlights

Risk meter
pointer

High Risk

Investors understand that their principal will be at High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 12.72% since inception which is less than its category average return of 13.19%
Fund Allocations

Fund Allocations

This fund has an allocation of 25.97% in Equity, 66.6% in Debt and 7.43% in Cash related instruments
AUM size ₹113 Cr

AUM size ₹113 Cr

This fund has AUM of ₹113 Cr which is less than its category average of ₹ 1579 Cr
Expense Ratio 0.86%

Expense Ratio 0.86%

This fund has an expense ratio of 0.86% which is less than its category average expense ratio of 1.71%

Frequently Asked Questions

The current NAV of SBI Magnum Children's Benefit Fund Direct Growth is ₹108.06 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
SBI Magnum Children's Benefit Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.65%
3.65%
6 Month Returns
8.99%
8.99%
1 Year Returns
19.74%
19.74%
3 Years Returns
45.95%
13.43%
5 Years Returns
82.48%
12.78%
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0.86% as on May 2024
₹113 Cr as on May 2024
7.18% Govt Stock 2033(8.94%), 7.1% Govt Stock 2034(8.93%), 7.3% Govt Stock 2053(4.54%), Nexus Select Trust(4.42%), Mahindra & Mahindra Financial Services Ltd(4.42%) as on May 2024
Government(45.65%), Corporate(20.95%), Consumer Cyclical(8.67%) as on May 2024
AAA
85.66
AA
14.34
Rajeev Radhakrishnan, R. Srinivasan, Mohit Jain 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%