SBI Magnum Children's Benefit Fund Investment Plan Direct Growth

SBI Magnum Children's Benefit Fund Investment Plan Direct Growth is a Solution Oriented Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Dinesh Ahuja is the Current Fund Manager of SBI Magnum Children's Benefit Fund Investment Plan Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹8,21,489 Cr and the Latest NAV as of 01 Dec 2023 is ₹31.06. The SBI Magnum Children's Benefit Fund Investment Plan Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. 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. ;

Investment Objective

The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across sectors and market capitalizations. The scheme will also invest in debt and money market instruments with an endeavour to generate income. ;