
Launched in September 2020, SBI Magnum Children's Benefit Fund - Investment Plan is a true testament to the kind of magic that active management can do in a promising space like small-cap. Its returns are making investors' eyes glitter for sure but being a solution-oriented fund along with a lack of history, it comes with all the frills attached that are usually a big turn off for us. Despite all of that, we believe the fund has a strong case for select investors who can invest into this fund for their aggressive growth allocation. Our usual recommendations in the mid-cap and small-cap categories are saddled with big asset size which kind of mutes their alpha generating ability to some extent. However, this fund has all the desirable traits of a promising aggressive growth player AND packaged in a small size! It has an overall orientation of a small-cap flavour, a dependable fund manager in the business of managing small-caps, credible fund house and of course, an eye-popping performance. Who is it suitable for? Being a fund that invests predominantly in the small-cap space, it is riskier and subject to more volatility than large-cap oriented funds. Hence, it is meant to play a supplementary role (as a return booster), in the core equity portfolios of investors who have a high level of risk appetite, i.e
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