SBI Magnum Children’s Benefit Fund is a mutual fund scheme that helps to secure and prosper the future of children. This scheme is specifically designed for children, which contains a lock-in period which is at least 5 years or until the child has an adult. The purpose of this scheme is to increase capital in the long term, so that children’s education, marriage or other future needs can be met.
Investing in this scheme not only protects the future of children, but it is also a good method of investment. The SBI Magnum Children’s Benefit Fund invests both equity and date, making the risk and balance of returns. This scheme is suitable for investors who want to invest in long periods and can tolerate market volatility.
SBI Magnum Children Benefit Fund Overview
| Description | Expansion of details |
| Purpose of scheme | To increase capital in the long term and make the future of children safe. |
| Investment pattern | Investment in equity and equity related securities mainly. |
| Lock-in period | At least 5 years or until the child is adult. |
| AUM (AUM) | At ₹ 3014.82 (SBI Magnum Children’s Benefit Fund Investment Plan). |
| Expenditure ratio | 1.03% (including GST). |
| Withdrawal fee | 3% if withdrawn before 1 year. |
| Minimum investment | Minimum ₹ 500 through SIP. |
Importance of investment for children
It is very important for children to invest for the future because it helps to meet their education, marriage and other needs. Spris such as SBI Magnum Children’s Benefit Fund provide investors the opportunity to increase capital in the long term. Investing in this scheme has to be ready to face market volatility, but in return they can expect high returns.
Investment pattern and risk
SBI Magnum Children’s Benefit Fund invests both equity and date. Investment in equity is likely to have high returns, but at the same time the risk is also high. Investment in date provides regular income and reduces the risk. The rhetorometer of this scheme is very high, indicating that investors investing in it will have to be ready for market instability.
How to invest
It is very easy to invest in SBI Magnum Children’s Benefit Fund. You can invest in it through SIP (Systematic Investment Plan) or lump sum investment. A minimum of ₹ 500 can be invested through SIP. To invest, you can use online platforms such as Angel One, SBI Mutual Fund website or other mutual fund platforms.
Benefits and features
- Long -term capital growth: Investing in SBI Magnum Children’s Benefit Fund leads to long -term capital increase, suitable for children’s future.
- Risk management: This scheme is invested in both equity and date, allowing the risk to be managed.
- Lock-in period: There is a lock-in period for at least 5 years or until the child has an adult, which makes investment safe.
- Expenditure ratio: The expenditure ratio is 1.03%, which is moderate.
- Withdrawal fee: If withdrawn before 1 year, 3% withdrawal fee is levied.
Noted things before investment
- Long -term investment: Before investing in this scheme, make sure that you are ready to invest for long periods.
- Market instability: Investment in equity may lead to market volatility, so be prepared for it.
- Risk management: Bring variations to manage risk in your portfolio.
- Financial Advisor: Consult a financial advisor if there is doubt.
conclusion
SBI Magnum Children’s Benefit Fund is a scheme that can help in making children’s future safe and prosperous. Investors are likely to increase capital growth in the long term, but at the same time they have to be ready for market volatility. It is necessary to evaluate your financial goals and risk stamina before investing in this scheme.
Disclaimer: This article is for general information and it would be appropriate to consult a personal financial advisor for any investment decision. SBI Magnum Children’s Benefit Fund is a real mutual fund scheme, but it is necessary to evaluate your financial position and risk stamina before investment.
