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SBI Magnum Children's Benefit Fund
SBI Children's Benefit Fund, earlier called SBI Magnum Children's Benefit Fund, is an aggressive hybrid fund that helps parents build money for their children’s future goals, like higher education or marriage. It invests money into equities and bonds so that wealth grows steadily over time. It aims to help your child attain their big goals by growing steadily.
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Children's Gift Mutual Funds
- SBI Magnum Children's Benefit Fund
What is SBI Children’s Fund - Investment Plan?
SBI Mutual Fund has launched the SBI Children's Fund—Investment Plan, an open-ended mutual fund scheme. It was made just for parents and guardians to help them save money for their child's future needs, such as school, marriage, or other long-term goals. The fund falls under the category of "Solution Oriented Schemes – Children's Fund" and was previously known as the SBI Magnum Children’s Benefit Fund – Investment Plan.
- This child plan is for parents who want to save money for their kids' future needs, like school.
- It offers regular and direct plans with the same portfolio, but the direct option doesn't pay any commissions to distributors.
- You can invest through SBI Mutual Fund's platforms by making a one-time payment of ₹5,000 or a SIP of ₹500 per month.
Investment Objective:
The goal of this SBI SIP plan is to make long-term capital gains by mostly investing in stocks and stock-related securities from different sectors and market capitalisations. It also puts some money into debt and money market instruments for income and stability.
*Returns are market-linked and not guaranteed.
Asset Allocation:
- Equity and equity-related instruments (including ETFs) form 65-100% of the portfolio (high risk).
- Debt, money market, and debt ETFs take 0-35% (low to medium risk), with up to 10% in REITs/InvITs and 20% in Gold ETFs (medium to high risk).
- Foreign securities are capped at 35% of net assets.
Key Information About SBI Magnum Children's Benefit Fund
The following are the key highlights of this children’s gift mutual fund:
| Particulars | Details |
| Name of the Scheme | SBI Children’s Benefit Fund – Investment Plan (formerly known as SBI Magnum Children’s Benefit Fund) |
| Category | Solution-Oriented Fund (Children’s Fund with mandatory lock-in) |
| Scheme Type | – Open-ended scheme.
– A children’s fund with a lock-in of 5 years or till the child attains 18 years, whichever is earlier |
| Benchmark Index | CRISIL Hybrid 35+65 – Aggressive Index (Total Return Index) |
| Minimum Application Amount | ₹5,000 on a continuous basis and thereafter in multiples of ₹1 |
| Minimum Additional Purchase | ₹1,000 and thereafter in multiples of ₹1 |
| Minimum Redemption | ₹500 or 1 unit or account balance, whichever is lower |
| Plans & Options | Available in Regular Plan and Direct Plan; both offer Growth Option only |
| Special Facilities Available | SIP, SWP & STP available on an ongoing basis |
| Systematic Investment Plan (SIP) | - Daily/ Weekly/ Monthly SIP: ₹500 & above;
- Quarterly SIP: ₹1,500 & above; - Semi-Annual SIP: ₹3,000 & above; - Yearly SIP: ₹5,000 & above. |
| Systematic Withdrawal Plan (SWP) | - Minimum withdrawal of ₹500;
- Weekly, monthly, quarterly, half-yearly or annual options (Day-based & Date-based) |
| Systematic Transfer Plan (STP) | - Allows systematic transfer between schemes;
- SWP and SIP minimums apply |
Performance of SBI Magnum Children's Benefit Fund
| Parameters | Details |
| Fund Name | SBI Children's Fund - Investment Plan Regular-Growth |
| NAV | |
| AUM | ₹4,034.89 Crs |
| Expense Ratio | 1.87% |
| Return 5 Years | 34.01% |
| Minimum Investment | SIP ₹1000 & Lumpsum ₹5,000 |
| Risk Level | Principal at very high risk |
| Launch Date | 29th September, 2020 |
| Asset Allocation | Equity: 86.55%, Debt: 0.19%, Others: 13.26% |
| Top Sectors |
|
| Top Holdings |
|
| Fund Managers |
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| Fund Type | Open-ended |
Asset Allocation of SBI Magnum Children’s Benefit Fund
| Asset Type | Weightage (%) |
| Equity | 86.54% |
| Debt | 0.19% |
| Cash | 13.28% |
| Derivatives | 0.00% |
*as of January 2026
Weightage by Market Cap of SBI Magnum Children's Benefit Fund - Investment Plan
| Market Cap | Weightage (%) |
| Largecap | 17.05% |
| Midcap | 11.50% |
| Smallcap | 47.47% |
| Cash, Cash Equivalents, Derivative Margin and Others | 20.35% |
| Foreign Equity Shares | 3.44% |
| Sovereign securities | 0.19% |
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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child
Standard T&C Apply *
Top 10 Holdings of SBI Magnum Children's Benefit Fund
| Name | Sector | Assets |
| Cash, Cash Equivalents, and others | Others | 20.54% |
| Hatsun Agro Product Ltd | Consumer Defensive | 5.20% |
| Muthoot Finance Ltd | Financial Services | 5.19% |
| Thangamayil Jewellery Ltd | Consumer Cyclical | 4.78% |
| State Bank of India | Financial Services | 4.07% |
| Privi Speciality Chemicals Ltd | Basic Materials | 3.82% |
| Le Travenues Technology Ltd | Consumer Cyclical | 3.70% |
| ReNew Energy Global PLC Ordinary Shares - Class A | Utilities | 3.44% |
| Aether Industries Ltd | Basic Materials | 3.30% |
| HDFC Bank Ltd | Financial Services | 3.15% |
| 364 Day T-Bill 19.11.26 | Sovereign | 0.19% |
*as of January 2026
Sector Allocation of SBI Magnum Children's Benefit Fund
| Sector | Allocation (%) |
| Cash, Cash Equivalents And Others | 29.26% |
| Financial Services | 17.41% |
| Fast Moving Consumer Goods | 9.73% |
| Automobile And Auto Components | 8.30% |
| Consumer Services | 7.35% |
| Consumer Durables | 7.24% |
| Chemicals | 7.12% |
| Textiles | 7.07% |
| Power | 6.74% |
| Capital Goods | 5.94% |
*as of January 2026
Expense Ratio, Exit Load and Taxation of the SBI Magnum Children's Benefit Fund
| Category | Percentage/Details |
| Expense Ratio | - Regular Plan: 1.84%; - Direct Plan: 0.83% |
| Exit Load | 3% if redeemed within 1 year, 2% if redeemed within 2 years and 1% if redeemed within 3 years |
| Yield to Maturity (YTM) | 5.25% |
| Short-Term Capital Gains (STCG) | - Applicable if units are sold within 12 months. - Gains are taxed at a flat 20% plus applicable surcharge and cess. - STT applies on purchase and sale. |
| Long-Term Capital Gains (LTCG) | - Applicable if units are held for more than 12 months. - Gains up to ₹1.25 lakh per financial year are tax-free. - Gains above this limit are taxed at 12.5% without indexation. |
| Dividend Taxation | Dividends are added to the investor’s total income and taxed as per the applicable income tax slab. |
| TDS on Dividends | 10% TDS is deducted if total dividend income exceeds ₹5,000 in a financial year per AMC. |
| TDS on Capital Gains | No TDS on capital gains; only STT is applicable on transactions. |
FAQs
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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.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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