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SBI Magnum Childrens Benefit Fund - Growth

  • Regular
  • Direct
Category : Childrens Fund
Fund House : SBI Mutual Fund
(Min ₹500 for SIP, ₹5000 for one time investment)

Scheme Objective

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.

Scheme Details

  • Fund manager(s)Rajeev Radhakrishnan
  • Launch date – 28-Jan-2002
  • Expense ratio – 2.26% as declared on 31-Dec-2019 (category average is 2.37%)
  • Benchmark - Nifty 50
  • Min SIP amount - ₹500
  • Min investment amount (one time- first time) - ₹5000
  • Min investment amount (addtional purchase) - ₹1000
  • Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

SBI Magnum Childrens Benefit Fund - Growth charges 3.0% of sell value; if fund sold before 365 days. There are no other charges., 2.0% if fund sold before 730 days. There are no other charges., 1.0% if fund sold before 1095 days. There are no other charges.

Net Buy Price
Buy Date
Sell Date
  • Gross Profit
  • Exit Charges
  • Net Profit

Tax Rate

If sold after 3 years from purchase date, long term capital gain tax will be applicable. Current tax rate is the lower of (a) 10% of profit or (b) 20% of profit adjusted after indexation benefits. Any cess/surcharge is not included.|If sold before 3 years from purchase date, short term capital gain tax will be applicable. Any profit will be clubbed with your income and taxed at your effective tax rate.

Contact Details

SBI Funds Management Pvt. Ltd.
9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051
Tel no.: 022 - 61793000
Fax no.: 022 – 67425687
Website.: www.sbimf.com

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