SBI Magnum Children’s Benefit Fund- Investment Plan NFO

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Investment Objective

SBI Magnum Children’s Benefit Fund is an open-ended investment scheme for children with a lock-in of minimum 5 Years, or till the child reaches majority age i.e 18. The scheme 's investment objective is to achieve long-term capital appreciation by investing primarily in equity and equity-related securities across different sectors and market capitalizations. The scheme will also be investing in fixed income generating debt and money market instruments.

Asset Allocation

Following is the indicative asset allocation:

InstrumentsMinimum Indicative AllocationMaximum Indicative AllocationRisk Profile
Equity & Equity related securities including ETFs65100High
Debt securities including ETFs & money market instruments035Low-Medium
Units issued by REITs and InvITs010Medium-HIgh
Gold ETFs020Medium-High

The scheme may also seek to invest in foreign equities, overseas ETFs, and debt securities. Such investments will not surpass 35% of the scheme's assets.

Exposure to equity derivatives(including covered call options) may account for 100% of the total assets. The scheme may invest up to 20% of its net assets in debt derivatives.

Investment Strategy

The Scheme aims to invest in equity and equity related securities, debt, money market instruments and derivatives. The Equity and Debt investment strategy is as follows

Equity:

The scheme will be investing in a well diversified portfolio of equity & equity related instruments. While selecting stocks for investments, the fund manager will emphasize on company dynamics, management efficiency, the company's financial strength, market leadership etc. The scheme would be investing without market cap or sector-based bias across industries.

Debt:

The scheme will be investing in a high-quality diversified portfolio of debt and money market instruments. The fund manager will make the asset allocations taking into account the prevailing interest rate scenario, yield spread, yield curve and the liquidity of the instruments.

About the scheme

NameSBI Magnum Children’s Benefit Fund- Investment Plan
Fund HouseSBI Mutual Fund
Asset Management Company

SBI Funds Management Private

Limited

Type of schemeAn open ended scheme facilitating investments for children having a lock-in term of 5 years or till the child matures i.e at the age of 18.
Investment ObjectiveInvestment objective of the scheme is to generate long term capital appreciation for investors by predominantly investing in equity & equity related securities of the companies across market capitalizations. Also, the fund will make investments in debt & money market instruments for generating income.
BenchmarkCRISIL Hybrid 35+65 -Aggressive Index
Entry LoadNot Applicable
Lock-in period5 Years or till the child attains majority
Exit Load
  • 3% - If units are redeemed/switched out on or before 1 year
  • 2% - If units are redeemed/switched out after 1 year and before 2 years
  • 1% - If units are redeemed/switched out after 2 year and before 3 years.
  • Nil- After 3 years
Plan
  • Regular Plan
  • Direct Plan
Minimum Application Amount Rs. 5,000 & in multiple of Rs.1 thereafter
Minimum Additional AmountRs. 1,000 & in multiple of Rs.1 thereafter
Fund Managers

Mr. R Srinivasan – Equity

Mr. Dinesh Ahuja - Debt

Mr. Mohit Jain will be the fund manager for managing overseas investments under the scheme.

New Fund Offer DatesFrom 8 September, 2020 to 22 September, 2020

SIP Details

Type Minimum InstallmentsMinimum Amount
Daily12Rs.500 & in multiples of Rs.1 thereafter.
Weekly

6

12

Rs.1,000 & in multiples of Rs.1 thereafter.

Rs.500 & in multiples of Rs.1 thereafter.

Monthly

6

12

Rs.1,000 & in multiples of Rs.1 thereafter.

Rs.500 & in multiples of Rs.1 thereafter.

Quarterly1 YearRs.1,500 & in multiples of Rs.1 thereafter.
Semi-annual4Rs.3,000 & in multiples of Rs.1 thereafter.
Annual4Rs.5,000 & in multiples of Rs.1 thereafter.

Also Read:

ICICI Prudential ESG Fund NFO Scheme Detail
Invesco India Focused 20 Equity Fund- NFO
ICICI Prudential Balanced Advantage Fund
Open Ended Funds: Meaning, Benefits, Comparison with Close Ended Funds

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