SBI Magnum Children's Benefit Fund Direct Growth
Hybrid
Direct
Children
NAV: ₹ 103.54 as on 30-04-2024
Fund Performance
19 people have invested ₹ 36.2K in SBI Magnum Children's Benefit Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 33.7% return, outperforming this fund by 20.4% per annum.
In the last 1 year, ICICI Prudential Child Care Fund (Gift Plan) Direct Plan has given 45.1% return, outperforming this fund by 26.22%.
In the last 5 years, Tata Young Citizens' Fund (After 7 years) Direct Plan Growth has given 18.16% return, outperforming this fund by 6.15% per annum.
This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 0.82% which is lower than the category average expense ratio of 1.52%.
About the SBI Magnum Children's Benefit Fund Direct Growth
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 Mohit Jain, R. Srinivasan, Rajeev Radhakrishnan. This fund gives you the benefit of diversification.
Key Parameters
- SBI Magnum Children's Benefit Fund Direct Growth has ₹109 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Overview
 | 0.82% |
 Benchmark | Nifty 50 Hybrid Composite Debt 15:85 |
 | ₹109 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 3% |
 | 5 Years |
 TurnOver | 76.46% |
SBI Magnum Children's Benefit Fund Direct Growth Distribution as on (31-Mar-24)
Sector Allocation
Consumer Cyclical
39.2%
Industrial
19.7%
Consumer Defensive
12.4%
Basic Materials
9.2%
Communication
8.1%
Financial Services
7.3%
Health
4.2%
Top Holdings of SBI Magnum Children's Benefit Fund Direct Growth as on (30-Apr-24)
Equity Holdings20
Debt Holdings12
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 107.6 Cr as of Mar'24
- AUM decreased by 0.8 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Mohit Jain
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 30 November 2017
Top funds managed
R. Srinivasan
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 13 January 2021
Top funds managed
Rajeev Radhakrishnan
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 9 June 2008
Top funds managed
SBI Magnum Children's Benefit Fund Direct Growth 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 12.46% since inception which is more than its category average return of 12.41%
Fund Allocations
This fund has an allocation of 21.97% in Equity, 68.81% in Debt and 9.23% in Cash related instruments
AUM size ₹109 Cr
This fund has AUM of ₹109 Cr which is less than its category average of ₹ 1505 Cr
Expense Ratio 0.82%
This fund has an expense ratio of 0.82% which is less than its category average expense ratio of 1.68%
Frequently Asked Questions
The current NAV of SBI Magnum Children's Benefit Fund Direct Growth is ₹103.54 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
SBI Magnum Children's Benefit Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.15% | 2.15% |
6 Month Returns | 9.13% | 9.13% |
1 Year Returns | 18.88% | 18.88% |
3 Years Returns | 45.45% | 13.3% |
5 Years Returns | 76.29% | 12.01% |
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.
0.82% as on April 2024
₹109 Cr as on April 2024
8.1% Govt Stock 2034(9.21%), 7.25% Govt Stock 2063(9.16%), 7.3% Govt Stock 2053(4.62%), Mahindra & Mahindra Financial Services Ltd(4.59%), Nexus Select Trust(4.58%) as on April 2024
Government(48.86%), Corporate(19.95%), Cash Equivalent(9.23%) as on April 2024
AAA | 85.63 |
AA | 14.37 |
Mohit Jain, R. Srinivasan, 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%