SBI Magnum Children’s Benefit Fund - Investment Plan
NAV : ₹ 38.198 as of 27 June, 2024
3Y Returns
▲31.41%
Overview
₹ 2,023.42 Cr
Fund size
₹ 500
Min SIP
₹ 5000
Lumpsum
08 September 2020
Launch date
Growth
Fund plan
Regular
Scheme type
5
Rating by Value Research
Return Calculator
Over the past
Total Investment of ₹3,00,000
Would have become ₹3,79,820 (+21.02%)
Disclaimer: Past performance is not an indicator of future returns
Equity Holding(s) Distribution
Other Scheme Info
Expense Ratio
Inclusive of GST
1.97%
Stamp Duty
0.005%
Exit Load
With respect to units not subject to lock-in period and the holding period is less than 3 years: Exit load of 3% if redeemed within 1 year, 2% if redeemed after 1 year but within 2 year, 1% if redeemed after 2 year but within 3 year.
0
Fund Managers
Rama Iyer Srinivasan
Feb 2022 - Present
Dinesh Ahuja
Jan 2011 - Present
Rajeev Radhakrishnan
Dec 2023 - Present
Mohit Jain
Nov 2017 - Present
Fund House
SBI Mutual Fund
Total AUM: 900276.62Cr
SBI Mutual Fund was established on June 29, 1987, as a Trust, with State Bank of India (SBI) acting as the sponsor and SBI Mutual Fund Trustee Company Private Limited serving as the Trustee. It received registration from SEBI on December 23, 1993. A significant development occurred on April 13, 2011, when an agreement was inked between SBI and AMUNDI Asset Management, transforming the fund house i...View SBI Magnum Children’s Benefit Fund - Investment Plan AMC
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
Still have questions?
What is the NAV of SBI Magnum Children’s Benefit Fund - Investment Plan
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of SBI Magnum Children’s Benefit Fund - Investment Plan is ₹38.2
What is the AUM of SBI Magnum Children’s Benefit Fund - Investment Plan?
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of SBI Magnum Children’s Benefit Fund - Investment Plan is ₹2,023.42 Cr.
What is the minimum SIP amount for SBI Magnum Children’s Benefit Fund - Investment Plan?
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of SBI Magnum Children’s Benefit Fund - Investment Plan is ₹500
What is the Expense Ratio of SBI Magnum Children’s Benefit Fund - Investment Plan?
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of SBI Magnum Children’s Benefit Fund - Investment Plan is 1.97%
What is the Exit load of SBI Magnum Children’s Benefit Fund - Investment Plan?
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.
The Exit load of SBI Magnum Children’s Benefit Fund - Investment Plan is With respect to units not subject to lock-in period and the holding period is less than 3 years: Exit load of 3% if redeemed within 1 year, 2% if redeemed after 1 year but within 2 year, 1% if redeemed after 2 year but within 3 year..
