SBI Magnum Childrens Benefit Fund - Savings Plan - REGULAR PLAN - GROWTH

Childrens Fund NAV 82.4284 0 02 June, 2023

Fund Details

Category Childrens Fund
Fund Type Open Ended
Investment Plan Growth
Launch Date 25 January, 2002
Benchmark CRISIL Hybrid 85+15 Conservative
Asset Size(Cr) 90.68 (As on 31-03-2023)
Turn over 14%
Min Investment ₹ 5000
Min SIP Investment ₹ 500
Min Addl Investment ₹ 1000
Exit Load 3% for redemption within 365 days
Expense Ratio 1.21% (As on 31-03-2023)
Fund Manager R. Srinivasan, Rajeev Radhakrishnan

Investment Returns (As on 02 Jun, 2023)

Duration Returns Benchmark Category
1 W 0.62% 0.33% 1.51%
1 M 2.79% 1.68% 3.36%
3 M 3.01% 2.58% 1.75%
6 M 3.92% 5.48% -0.02%
1 Y 5.56% 7.16% 4.61%
2 Y 10.25% 5.04% 10.73%
3 Y 14.16% 5.69% 17.79%
5 Y 8% 8.07% 8.99%

Risk Mesasures (As on 02 Jun, 2023)

Std Dev Sharpe Beta Alpha
Fund 5.87 1.61 5.89 0.56
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 28 Feb, 2022)

Assets Allocation

Sector Holdings
Others 36.03%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
SBI Magnum Childrens Benefit Fund - Savings Plan - REGULAR PLAN - GROWTH 5.56% 14.16% 8%
ICICI Prudential Child Care Fund (Gift Plan) - Cumulative 7.94% 18.26% 8.54%
UTI Children's Career Fund-Investment Plan (G) -6.41% 16.77% 9.77%

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Secure Your Child’s Future with SBI Magnum Children’s Benefit Fund

SBI Mutual Fund is one of the renowned fund houses that has brought a number of schemes under different categories for its investors to assist them reach their financial goals. Among these mutual fund schemes, one which it has brought keeping children in mind is SBI Magnum Children’s Benefit Fund which was launched on February 21st, 2002. This is an open-ended scheme that invests mainly in debt and money market instruments to help investors earn regular income along with capital appreciation through little inclination towards equity. This scheme has a minimum lock-in period of 5 years or till the kid reaches maturity, whichever is earlier. Formerly, this scheme was known as SBI Magnum Children’s Benefit Plan.

Where Are the Assets Allocated?

This scheme of sbi mutual fund has invested its assets across 24 stocks and 9 bonds. The assets under management as on September 30th, 2018 was Rs. 60 crores out of which 76.5% assets have been invested in debt, 22.12% in equity and equity related instruments, and rest in cash and cash equivalents.

The top five companies in whose equity it has invested majorly are State Bank of India, Manpasand Beverages, Narayana Hrudayalaya, ITC, ABB, Equitas Holdings, Indian Terrain Fashions, The New India Assurance, Axis Bank, and ICICI Bank with the percentage investment being 1.65, 1.52, 1.30, 1.09, 1.05, 1.05, 1.04, 1.03, 1.02, and 1.01, respectively.

The top five companies in whose debt it has invested majorly are 7.6% REC 2021, 9.15% ICICI Bank, 8.75% Muthoot Finance 2020, and Greenko Energies 2019, 9.8773% Indostar Capital Finance 2019.

How is SBI Magnum Children’s Benefit Fund Performing?

The one year returns generated by this scheme is 2.37% which is though better than category but is much less than the benchmark VR MIP TRI. The three year return of this scheme is 12.81 while that of the benchmark and category is 7.19% and 6.53%. In five, seven, and ten year returns also, this scheme has beaten down both the others by good margin by yielding 15.82%, 12.79%, and 11.98%, respectively. All these rates of returns are as on October 29th, 2018.

Is SBI Magnum Children’s Benefit Fund Risky?

It is really important that the risk of the scheme is managed well as otherwise it might become tough to generate good returns. The standard deviation of this scheme is 5.99 which is higher than both the category and its benchmark. The Beta of the scheme is again 0.99 which is more than the category’s Beta. Both these factors indicate that the scheme is prone to fluctuations much more than the other two. The Sharpe ratio of the scheme is 1.18 which is higher than the benchmark and category’s ratio by a good margin. This ratio indicates that the scheme is likely to yield better returns with the risk taken.

Who Should Invest in SBI Magnum Children’s Benefit Fund Growth?

This scheme is for those people who are willing to invest for their child’s future in a conservative hybrid mutual fund scheme. It should be noted that this scheme is for aggressive investors as the risk involved here is moderately high on the principal amount invested.

Investors interested in adding SBI Magnum Children’s Benefit Fund to their portfolio may do so by investing a minimum investment amount of Rs. 5000. The existing investors may do so by investing Rs. 1000. There is no entry load as such, however if an investor invests redeems within one year, then he will become liable to pay 3% as exit load. For anyone redeeming within two or three years will have to pay 2% or 1%, respectively. Redemption made after three years will be free from exit load. The net asset value of this scheme is Rs. 53.8665 as on October 29th, 2018. You may either do an SIP investment or may also choose the lump sum mode of investment. To make the calculation easier, don’t forget to use the SIP calculator present on this platform. Once you are clear regarding the investment amount, you may invest through the same platform, MySIPonline.

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