SBI Magnum Children's Benefit Fund Savings Plan Direct

SBI Magnum Children's Benefit Fund Savings Plan Direct is a Solution Oriented Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Rajiv Radhakrishnan is the Current Fund Manager of SBI Magnum Children's Benefit Fund Savings Plan Direct fund. The fund currently has an Asset Under Management(AUM) of ₹9,71,638 Cr and the Latest NAV as of 24 May 2024 is ₹104.37. The SBI Magnum Children's Benefit Fund Savings Plan Direct is rated High risk. Minimum SIP Investment is set to ₹500. Exit Load of 3% if redeemed within an year, 2% if redeemed within 2 years and 1% if redeemed within 3 years ;

Investment Objective

The scheme seeks 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. ;