Insights of SBI Magnum Children’s Benefit Fund

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SBI Magnum Children’s Benefit Fund is a solution-oriented open ended scheme which is aimed to benefit the needs of your children. SBI Magnum Children’s Benefit Fund primarily invests in money market and debt related securities. It also invests a little portion of the portfolio in equity market to get a good return.

SBI Magnum Children’s Benefit Fund provides long term capital appreciation by investing in hybrid funds. Investing in SBI Magnum Children’s Benefit Fund helps you to fulfill al the dreams of your children. The debt exposure of SBI Magnum Children’s Benefit Fund is more than 50%, so this fund is debt oriented hybrid fund.

Investment Facts regarding SBI Magnum Children’s Benefit Fund

  • SBI Magnum Children’s Benefit Fund under SBI fund house focuses on the interest rates, economic conditions and also risk appetite of the investors before investing.
  • SBI Magnum Children’s Benefit Mutual Fund invests 54.18% in debt securities, out of which 34.78% in low risk instruments and 8.01% in government securities.
  • Based on SBI Magnum Children’s Benefit Fund review, To maintain a diversified portfolio, this fund invests 22.5% in equity market, out of which 9.68% in large-cap stocks, 9.32% in small cap stocks and 3.5% in mid cap stocks.
  • SBI Magnum Children’s Benefit Fund regular growth option is meant for long term investment goal. You can use the returns earned from this fund to make a better future of your children.
  • With the help of SBI Magnum Children’s Benefit Fund review, it’s very clear that this fund offers attractive returns with a moderately high risk factor. 
  • If you opt for SBI Magnum Children’s Benefit Fund regular growth option, you will earn a good amount of return when you redeem the fund units and use it to fulfill your child’s education or healthcare needs or any other specific needs.

Top 5 Sectors of SBI Children’s Benefit Fund

S.No.

Holding Name

Net Assets (in %)

1

Miscellaneous

46.17

2

Miscellaneous

23.29

3

Miscellaneous

8.01

4

Bank – Public

2.47

5

Bank – Private

2.32

(as on 28/03/2019)

Top 10 Holdings of SBI Children’s Benefit Fund

S.No.

Holding Name

Net Assets (in %)

1

TREPS

20.55

2

8.17% State Government of Gujarat 2028

8.01

3

REC Ltd.

7.98

4

ICICI Bank Ltd.

7.88

5

Syndicate Bank

6.52

6

Muthoot Finance Ltd.

5.16

7

Greenko Energies Pvt. Ltd.

4.87

8

Indostar Capital Finance Ltd.

4.86

9

Reliance Home Finance Ltd.

4.79

10

Hindalco Industries Ltd.

4.11

(as on 28/03/2019)

Details of SBI Children’s Benefit Fund

Launch Date- February 21, 2002

Fund Manager- Mr. Rajeev Radhakrishnan

Risk- Moderately High

Benchmark- NIFTY 50 Hybrid Composite Debt 15:85 Index

Return Since Launch- 10.65%

AUM- Rs. 61.63 crore (as on 28th Feb, 2019)

 

1-Year

3-Year

5-Year

10-Year

Fund

4.30

13.99

15.02

12.22

VR MIP TRI

9.75

9.74

9.36

9.08

Category

4.87

8.44

9.41

9.63

Rank within Category

27

1

1

3

Number of funds in category

37

37

31

23

As on Mar 28, 2019

 

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