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
₹38.83
0.87%
NAV as on 17 Nov 24, 12:00 AM
very high risk
children
equity
NAV as on 17 Nov 24, 12:00 AM
very high risk
children
equity
34.53%p.a.
Last 1Y
18.02%p.a.
Last 3Y
0.00%p.a.
Last 5Y
40.73%p.a.
Since Inception
About SBI Magnum Children's Benefit Fund- Investment Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the SBI Magnum Children's Benefit Fund- Investment Plan Growth scheme from SBI Funds Management Ltd. It is a Children mutual fund scheme that predominantly invests in Children stocks of companies. Launched on Sep 2020, SBI Magnum Children's Benefit Fund- Investment Plan Growth is Children fund of its category with 2,824.86 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- Investment Plan Growth delivered 34.5% annual returns during the last year. It has delivered 40.7% average annual returns since the fund was launched.
- SBI Magnum Children's Benefit Fund- Investment Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the scheme is 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. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Top 10 Holdings
Hatsun Agro Product Ltd
5.51%
Muthoot Finance Ltd
5.26%
Brainbees Solutions Ltd
4.97%
ReNew Energy Global PLC Ordinary Shares - Class A
4.30%
K.P.R. Mill Ltd
4.26%
Shakti Pumps (India) Ltd
3.98%
Aether Industries Ltd
3.93%
Dodla Dairy Ltd
3.79%
Cube Highways Trust
3.63%
Le Travenues Technology Ltd
3.63%
Fund Managers
- R. Srinivasan (Sep 2020 - Present)
- Rajeev Radhakrishnan (Nov 2023 - Present)
- Pradeep Kesavan (Dec 2023 - Present)
Key Information
View Scheme Document
SBI Magnum Children's Benefit Fund- Investment Plan Growth SIP Calculator
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NRI Mutual Fund Tax on SBI Magnum Children's Benefit Fund- Investment Plan 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- Investment Plan 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- Investment Plan 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
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Frequently Asked Questions
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