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
₹95.40
-0.07%
NAV as on 30 Apr 24, 12:00 AM
moderately high risk
children
debt
NAV as on 30 Apr 24, 12:00 AM
moderately high risk
children
debt
18.47%p.a.
Last 1Y
12.86%p.a.
Last 3Y
11.41%p.a.
Last 5Y
0.00%p.a.
Since Inception
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 108.64 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Children funds.
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.
Uttar Pradesh (Government of) 7.38%
13.74%
8.1% Govt Stock 2034
9.21%
7.25% Govt Stock 2063
9.16%
Rajasthan (Government of ) 7.49%
4.62%
7.3% Govt Stock 2053
4.62%
Mahindra & Mahindra Financial Services Ltd
4.59%
Nexus Select Trust
4.58%
Gs CG 16/12/2026 - (Strips) Tb
2.86%
Mahanagar Telephone Nigam Limited
2.79%
Muthoot Finance Limited
2.77%
View Scheme Document
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
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 |
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:
If all details are correct, your KYC will be approved within 7 to 8 business days.