SBI Magnum Children's Benefit Fund Direct Growth
Hybrid
Direct
Children
NAV: ₹ 102.59 as on 18-04-2024
Fund Performance
21 people have invested ₹ 38K in SBI Magnum Children's Benefit Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 5 years, Tata Young Citizens' Fund (After 7 years) Direct Plan Growth has given 17.4% return, outperforming this fund by 6.26% 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%.
In the last 1 year, ICICI Prudential Child Care Fund (Gift Plan) Direct Plan has given 42.81% return, outperforming this fund by 24.02%.
In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 32.47% return, outperforming this fund by 19.37% per annum.
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, Rajeev Radhakrishnan, R. Srinivasan. This fund gives you the benefit of diversification.
Key Parameters
- SBI Magnum Children's Benefit Fund Direct Growth has ₹108 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.
SBI Magnum Children's Benefit Fund Direct Growth Overview
 | 0.82% |
 Benchmark | Nifty 50 Hybrid Composite Debt 15:85 |
 | ₹108 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 (31-Mar-24)
Equity Holdings20
Debt Holdings12
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 107.6 Cr as of Mar'24
- AUM decreased by 0.8 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
SBI Magnum Children's Benefit Fund Direct Growth Fund Manager
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
R. Srinivasan
Fund Manager of SBI Magnum Children's Benefit Fund Direct Growth, since 13 January 2021
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 12.41% since inception which is more than its category average return of 12.02%
Fund Allocations
This fund has an allocation of 20.76% in Equity, 69.78% in Debt and 9.45% in Cash related instruments
AUM size ₹108 Cr
This fund has AUM of ₹108 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 ₹102.59 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
SBI Magnum Children's Benefit Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.68% | 1.68% |
6 Month Returns | 7.68% | 7.68% |
1 Year Returns | 18.79% | 18.79% |
3 Years Returns | 44.68% | 13.1% |
5 Years Returns | 69.56% | 11.14% |
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 March 2024
₹108 Cr as on March 2024
7.25% Govt Stock 2063(9.43%), 8.1% Govt Stock 2034(9.26%), 7.3% Govt Stock 2053(4.75%), Mahindra & Mahindra Financial Services Ltd(4.63%), Nexus Select Trust(4.63%) as on March 2024
Government(52.36%), Corporate(17.42%), Cash Equivalent(9.45%) as on March 2024
AAA | 84.52 |
AA | 15.48 |
Mohit Jain, Rajeev Radhakrishnan, R. Srinivasan 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%