SBI Magnum Children's Benefit Fund

Launched on June 29, 1987, SBI Magnum Children's Benefit Fund Savings Plan Direct is a hybrid mutual fund by SBI Mutual Fund. Managed by Rajiv Radhakrishnan, it holds an AUM of ₹11,46,620 Cr with a NAV of ₹119.01 (as of June 25, 2025). The fund blends debt and equity to support long-term goals for children.

Highlights of SBI Magnum Children's Benefit Fund

The fund follows a hybrid strategy, aiming to generate regular income through debt and money market instruments and long-term capital appreciation via an actively managed equity portfolio.

It offers flexibility with a low minimum SIP of ₹500 and ₹5000 as a lump sum, making it accessible to young parents and new investors.

Exit load structure: 3% if redeemed within 1 year, 2% within 2 years, and 1% within 3 years, encouraging long-term holding.

Managed by experienced fund manager Rajiv Radhakrishnan, ensuring professional asset allocation and risk management.

This child plan suits investors seeking a balanced investment option to secure their child’s financial future.

Key Information About SBI Magnum Children's Benefit Fund

Fund House

SBI Mutual Fund

Date of Incorporation

29 Jun 1987

Total AUM

₹127.11C

Fund Benchmark

NIFTY 50 Hybrid Composite Debt 15:85 Conservative Index

NAV of the Fund

₹119.01 (as of 25 June 2025)

Min. SIP Investment

₹500

Expense Ratio

0.85%

Returns since inception

12.42%

Risk Level

Moderate Risk

Investment Objective

The scheme seeks to provide the investors an opportunity to earn regular income predominantly through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio.

Top Fund Managers

Rama Iyer Srinivasan
Rajeev Radhakrishnan
Pradeep Kesavan

Top 10 Holdings of SBI Magnum Children's Benefit Fund

Name

Sector

Assets

Uttar Pradesh State

Others

12.41%

GOI

Sovereign

8.32%

GOI

Sovereign

8.15%

GOI

Sovereign

7.92%

Rajasthan State

Others

4.20%

Sundaram Finance Ltd.

Financial

4.10%

LIC Housing Finance Ltd.

Financial

4.03%

Nexus Select Trust

Construction

3.96%

Mahindra & Mahindra Financial Services Ltd.

Financial

3.94%

GOI

Sovereign

2.70%

GOI: Government of India

Sector Allocation of SBI Magnum Children's Benefit Fund

Equity Sector Allocation

Sector	Allocation (%)
Consumer Discretionary	54.6%
Industrials	15.1%
Materials	9.9%
Technology	6.5%
Financial	5.6%
Consumer Staples	4.8%
Energy & Utilities	3.4%

Debt Sector Allocation

Sector	Allocation (%)
Sovereign	37.8%
Financial	26.8%
Others	23.2%
Construction	5.5%
Services	3.3%
Communication	2.2%
Energy	1.1%

FAQs

How diversified is the equity portfolio of this fund?

The fund is fairly diversified across sectors like Industrials (15.1%), Materials (9.9%), Technology (6.5%), and Financials (5.6%), along with smaller allocations in Consumer Staples (4.8%) and Energy & Utilities (3.4%). This helps balance risk and return.

What is the main focus of the debt allocation in the fund?

The fund primarily invests in Sovereign debt, which makes up 37.8% of its debt portfolio. Sovereign securities are government-backed and considered low-risk, providing stability to the portfolio.

Years	1Y	3Y	5Y	All
Fund returns	10.0%	14.1%	14.6%	12.4%

Category	Percentage/Details
Expense Ratio	0.85%
Exit Load	3% if redeemed within 1 year, 2% if redeemed within 2 years and 1% if redeemed within 3 years

SBI Magnum Children's Benefit Fund

Highlights of SBI Magnum Children's Benefit Fund

Key Information About SBI Magnum Children's Benefit Fund

Performance of SBI Magnum Children's Benefit Fund

Top 10 Holdings of SBI Magnum Children's Benefit Fund

Sector Allocation of SBI Magnum Children's Benefit Fund

Equity Sector Allocation

Debt Sector Allocation

Expense Ratio, Exit Load and Taxation of the SBI Magnum Children's Benefit Fund

FAQs

How diversified is the equity portfolio of this fund?

What is the main focus of the debt allocation in the fund?

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