NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

SBI Magnum Children's Benefit Fund- Investment Plan Growth for NRI [42.99]

Min Investment

5,000

Fund Size

2,961.88 Cr

Expense Ratio

1.9%

Exit Load

3%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

42.99

0.62%

NAV as on 16 Dec 24, 12:00 AM

very high risk

children

equity

NAV as on 16 Dec 24, 12:00 AM

very high risk

children

equity

40.32%p.a.

Last 1Y

23.68%p.a.

Last 3Y

0.00%p.a.

Last 5Y

39.88%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 2,961.88 Cr fund under management as on Dec 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 40.3% annual returns during the last year. It has delivered 39.9% 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

5.19%

Muthoot Finance Ltd

4.98%

Brainbees Solutions Ltd

4.56%

ReNew Energy Global PLC Ordinary Shares - Class A

4.40%

K.P.R. Mill Ltd

4.30%

Shakti Pumps (India) Ltd

3.95%

Dodla Dairy Ltd

3.73%

Adani Ports & Special Economic Zone Ltd

3.62%

Aether Industries Ltd

3.61%

Le Travenues Technology Ltd

3.38%

Fund Managers

  1. R. Srinivasan (Sep 2020 - Present)
  2. Rajeev Radhakrishnan (Nov 2023 - Present)
  3. Pradeep Kesavan (Dec 2023 - Present)

Key Information

View Scheme Document

SBI Magnum Children's Benefit Fund- Investment Plan Growth SIP Calculator

If invested

5,000

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

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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% 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

Frequently Asked Questions