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SBI Magnum Children’s Benefit Fund - Investment Plan - Regular Plan


Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.

Like for all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -- -0.18 1.50 -- -- -- -- -- -- -- --
VR Balanced TRI -- -1.10 -1.32 -- -- -- -- -- -- -- --
Hybrid: Aggressive Hybrid -- -0.76 -0.53 -- -- -- -- -- -- -- --
Rank within category -- 2 3 -- -- -- -- -- -- -- --
Number of funds in category 44 45 45 44 44 44 43 33 26 23 21

As on 28-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Equity Hybrid Fund  | Invest Online
5 star
Dec-95 1.15 4.91 8.00 1.64 31,226
DSP Equity & Bond Fund  | Invest Online
4 star
May-99 3.55 4.80 8.52 1.92 5,502
Mirae Asset Hybrid Equity Fund - Regular Plan  | Invest Online
5 star
Jul-15 5.00 5.16 9.45 1.88 3,735
Canara Robeco Equity Hybrid Fund - Regular Plan  | Invest Online
5 star
Feb-93 9.04 7.31 9.22 1.99 3,438
HDFC Children's Gift Fund  | Invest Online
4 star
Mar-01 5.99 4.29 8.78 2.06 3,387

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.73 (16-Oct-2020 - 23-Oct-2020) -0.23 (09-Oct-2020 - 16-Oct-2020)
Month -- ( - ) -- ( - )
Quarter -- ( - ) -- ( - )
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Balanced TRI* 7.52 17.40 0.14 0.16 -- --
Hybrid: Aggressive Hybrid* 4.10 16.65 -0.05 -0.05 0.90 -3.18
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

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Credit Rating vis-à-vis Category

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Sector Allocation vis-à-vis Category

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Top Equity Holdings

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As on

Fund Manager

— Rama Iyer Srinivasan since 08-Sep-2020

Education: Mr. Srinivasan has done M.Com and MFM.

Experience: He has experience of more than 16 years. Prior to joining SBI, he has worked with Future Capital Holding as Head- Portfolio Management, with Principal Pnb AMC, Imperial Investment Advisor, Indosuez W.I. Carr Securities, Inquire, Sunidhi Consultancy, Capital Market Publishers

— Dinesh Ahuja since 08-Sep-2020

Education: Mr. Ahuja is a B.Com (H) and MMS (Finance).

Experience: Prior to joining SBI AMC he has worked with L&T Investment management Ltd., Reliance Asset Management Ltd and Reliance General insurance Company Ltd.

Funds Managed:


-0.18%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 10.3025


Investment Strategy

The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across sectors and market capitalizations. The scheme will also invest in debt and money market instruments with an endeavour to generate income.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 3% for redemption within 364 days
2% for redemption between 365 - 729 days
1% for redemption between 730 - 1095 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 29-Sep-2020
Return Since Launch: 3.03%
Benchmark: CRISIL Hybrid 35+65 Aggressive TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ -- Cr (As on )
Expense: -- (As on )
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: SBI Funds Management Ltd

Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400051

Phone: 022-61793000 / 1800-425-5425

Fax: 022-22189663

Email: [email protected]

Website: http://www.sbimf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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