NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹105.80
0.36%
NAV as on 17 Nov 24, 12:00 AM
high risk
children
debt
NAV as on 17 Nov 24, 12:00 AM
high risk
children
debt
19.69%p.a.
Last 1Y
11.50%p.a.
Last 3Y
13.10%p.a.
Last 5Y
0.00%p.a.
Since Inception
About SBI Magnum Children's Benefit Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Children's Benefit Fund Growth scheme from SBI Funds Management Ltd. It is a Children mutual fund scheme that predominantly invests in Children stocks of companies. Launched on Feb 2002, SBI Magnum Children's Benefit Fund Growth is Children fund of its category with 121.44 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Children funds.
- SBI Magnum Children's Benefit Fund Growth delivered 19.7% annual returns during the last year. It has delivered 0.0% average annual returns since the fund was launched.
- SBI Magnum Children's Benefit Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund 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.
Top 10 Holdings
7.38% State Government Of Uttar Pradesh 2036
12.57%
7.18% Govt Stock 2033
8.41%
7.1% Govt Stock 2034
8.38%
7.34% Govt Stock 2064
4.30%
7.3% Govt Stock 2053
4.28%
Rajasthan (Government of ) 7.49%
4.25%
Sundaram Finance Limited
4.20%
Nexus Select Trust
4.13%
Mahindra & Mahindra Financial Services Ltd
4.12%
Gs CG 16/12/2026 - (Strips) Tb
2.68%
Fund Managers
- R. Srinivasan (Jan 2021 - Present)
- Rajeev Radhakrishnan (Jun 2008 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Magnum Children's Benefit Fund Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Magnum Children's Benefit Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in SBI Magnum Children's Benefit Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in SBI Magnum Children's Benefit Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Frequently Asked Questions
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