SBI Magnum Children's Benefit Fund - Investment Plan

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SBI offers a mutual fund specifically designed for children's future financial needs called the SBI Magnum Children's Benefit Fund. This fund is available in two main plans: the Investment Plan and the Savings Plan.

SBI Magnum Children's Benefit Fund - Investment Plan

This plan aims for long-term capital appreciation by investing primarily in equity and equity-related securities, along with some debt and money market instruments. Key details include:

·         Annual Returns: The fund has delivered average annual returns of approximately 42.25% since inception​

·         NAV: As of May 2024, the NAV is ₹36.08​

·         Asset Allocation: It holds around 22.86% in equity, 58.78% in debt, and 18.36% in cash-related instruments​

·         Fund Size: The AUM (Assets Under Management) is ₹110 Cr​

·         Expense Ratio: 0.86%, which is lower than the category average​

SBI Magnum Children's Benefit Fund - Savings Plan

This plan focuses more on conservative growth and income generation through a balanced mix of debt and equity investments. Key details include:

·         Annual Returns: The fund has shown average annual returns of 12.32% since inception​

·         NAV: As of April 2024, the NAV is ₹102.59

·         Asset Allocation: Specific allocation details are not mentioned, but it typically involves a more balanced approach compared to the investment plan.

General Information

Both plans are managed by experienced fund managers who aim to balance growth and safety to secure the future financial needs of children. These funds are suitable for long-term investments, typically aimed at goals like education and other major expenses.

To invest in these funds, you can use platforms like ET Money, Paytm Money, or directly through SBI Mutual Fund’s website. The process is straightforward, requiring basic KYC compliance and can be set up for either lump-sum investments or systematic investment plans (SIPs)​