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SBI Magnum Children's Benefit Fund-Investment Plan
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Key Metrics
| Expense RatioExpense Ratio | No LabelNo Label | No LabelNo Label |
|---|---|---|
| 0.80 | — | 2.70 |
| No LabelNo Label | No LabelNo Label | No LabelNo Label |
|---|---|---|
| 1.64 | — | 1.33 |
Scheme Info
| PlanPlan | Lock inLock in | Exit LoadExit Load |
|---|---|---|
| Growth | 0 yrs | 2.00% |
| SIP Inv.SIP Inv. | Min. LumpsumMin. Lumpsum |
|---|---|
| Allowed | ₹ 5,000 |
| BenchmarkBenchmark |
|---|
| CRISIL Hybrid 35+65 - Aggressive Index |
About Solution Oriented - Children's Fund
Solution Oriented - Children's Funds invest in high-risk stocks since the objective of the fund is to create a corpus for child's education. However, the lock-n-period is relatively higher than other funds as these funds are long term in nature.
Peers & Comparison
OtherSolution Oriented - Children's Fund
Returns
Scheme
Ratios
| Mutual Fund | 1Y Returns1Y Returns | 3Y CAGR3Y CAGR | Life CAGRLife CAGR |
|---|---|---|---|
| SBI Magnum Children's Benefit Fund-Investment Plan | 42.47% | 26.47% | 42.86% |
| ICICI Pru Child Care Fund-Gift Plan | 23.34% | 18.11% | 14.71% |
| Aditya Birla SL Bal Bhavishya Yojna | 19.51% | 15.30% | 13.84% |
| Axis Children's Fund-Compulsory Lock in | 17.89% | 8.87% | 12.28% |
Price Comparison
Compare SBI Magnum Children's Benefit Fund-Investment Plan with any MF, ETF, stock or index
Hmm, looks like data is unavailable here. Please come back after some timeAsset Allocation
Actual
Target
Mar 2024
Jun 2024
Sep 2024
Nov 2024
ACTUAL
Mar 2024
Jun 2024
Sep 2024
Nov 2024
Sector Distribution
Mar 2024
Jun 2024
Sep 2024
Nov 2024
Sector Weightage
Current Holdings
Equity
Others
- ConstituentHolding Weight3M Change
- Hatsun Agro Product Ltd3M change : -1.72 %
Holdings
5.19 %
-1.72 % - Muthoot Finance Ltd3M change : -0.64 %
Holdings
4.98 %
-0.64 % - Brainbees Solutions Ltd3M change : -0.75 %
Holdings
4.56 %
-0.75 %
AMC Profile
With 30 years of rich experience in fund management, SBI Funds Management Ltd. (SBIFML) bring forward their expertise by consistently delivering value to their investors. They have a strong and proud lineage that traces back to the State Bank of India (SBI) - India's largest bank. They are a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies., SBI currently holds 63% stake in SBIFMPL. They have been actively managing their investor's assets not only through our investment expertise in domestic mutual funds, but also offshore funds and portfolio management advisory services for institutional investors.
No.of Schemes
107
Total AUM
₹ 7,68,865.01 Cr.
Fund Manager Profile
R. Srinivasan
AUM: ₹1,69,393.74 Cr.
|
Exp: 19yrs
Rajeev Radhakrishnan
AUM: ₹2,66,619.29 Cr.
|
Exp: 10yrs
Pradeep Kesavan
AUM: ₹1,70,872.91 Cr.
|
Exp: 18yrs
Manager Performance (0)
Tax Implications
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Opinions and Fund Reviews
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Invested period < 2 years
Gains are added to taxable income and taxed according to the individual’s income tax slab
Invested period > 2 years(Investments before 1st April 2023)
Gains are treated as long-term capital gains and taxed at 12.5%
Invested period > 2 years(Investments from 1st April 2023 redeemed till 31st March 2025)
Gains are added to taxable income and taxed according to the individual’s income tax slab
Invested period > 2 years(Investments from 1st April 2023 redeemed after 31st March 2025)
Gains are treated as long-term capital gains and taxed at 12.5%