Performance Update

SBI Magnum Children's Benefit Inv: Marching forward

The fund remains rewarding for its investors

The fund remains rewarding for its investors

हिंदी में भी पढ़ें read-in-hindi

A one-of-a-kind fund in our aggressive growth bucket, SBI Magnum Children's Benefit Fund - Investment Plan, comes with a rather interesting set of frills. To get a hang of the ruffles attached, you can read this story. While 2021 was an out and right runaway success, 2022 was more down-to-earth but the fund still generated wealth for its investors. Importantly, it was able to contain downside better in the first half of 2022 versus the mainstream indices - Sensex, 150 Midcap and 250 SmallCap, though rising less in the second half. The fund has managed to put up a decent show in 2023 on a year-to-date basis. Notably, since the time the fund entered our recommendation, it has delivered 31 per cent versus 24 per cent generated by the Sensex. So, it has overall been rewarding for the people who have been investing in it for their children. Winners and losers Since the fund has the flexibility t

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