(A) About the SBI Magnum Children’s Benefit Fun
The investment objective of SBI Magnum Children’s Benefit Fund is to generate long-term capital appreciation by predominantly investing in equity as well as equity-related securities across various sectors and market capitalizations. The scheme will also invest in debt and money market instruments with an endeavour to generate income.
(B) Basic Details of SBI Magnum Children’s Benefit Fund
| Fund House SBI Mutual Fund | |
| Category SBI Magnum Children’s Benefit Fund | |
| Launch & Start Date 29-Sep-2020 | |
| Type Open-ended | |
| AUM ₹1,505 Cr (As on 31-Dec-2023) | |
| Available at NAV of ₹30.73 (as on 24-Jan-2024) |
(C) Classification Portfolio of the SBI Magnum Children’s Benefit Fund
(i) Portfolio Mix by Market Cap Size
(ii) Top 10 Holdings
(iii) Top 10 Sectors Exposures
(D) Fund Managers & Tenure of managing the Scheme
(E) SBI Magnum Children’s Benefit Fund – Investment Details
| SBI Magnum Children’s Benefit Fund | |
| Application Amount for fresh Subscription (Lumpsum) | (₹) 5000 |
| Min Additional Investment (SIP) | (₹) 500 |
| Exit load | 3% for redemption Within 364 days. 2% for redemption After 365 days and Within 729 days 1% for redemption After 730 days and Within 1095 days |
| Lock In | 5 Years |
(F) Returns Generated By The Fund
(G) Risk Factors
This chart shows the ups and downs of a fund’s value from 2022 to now. When the fund’s value drops from its peak, it’s called a drawdown. Consequently, The shaded area shows how long the fund stayed in a drawdown. This chart helps investors understand how the fund has reacted to big events in the economy.
(H) Investment Objective
The scheme aims to grow your money over the long term by mainly investing in stocks. The scheme will also invest in debt and money market instruments with an endeavour to generate income. However, there can be no assurance that the investment objective of the Scheme will be realized.
(I) Taxability of earnings
Capital Gains Taxation
- If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
- However, If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15% No tax is to be paid as long as you continue to hold the units.
Dividend Taxation
- Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor’s dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.
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References: valueresearchonline.com, Industry’s Publications, News Publications, Mutual Fund Company.
Disclaimer: The report only represents personal opinions and views of the author. No part of the report should be considered as recommendation for buying/selling any stock. Thus, the report & references mentioned are only for the information of the readers about the industry stated.
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