This Children Fund Has Given Close To 70% Returns In 1 Year; Check Portfolio

Solution-oriented mutual funds, particularly children's funds make a mix of stock and loan investments. The asset allocation and investing approach differ from scheme to scheme. Some plans put more money into equity, while others put more money into debt. Here, we have highlighted one solution-oriented mutual from SBI. The fund's returns are promising in the last 1 year.

SBI Magnum Childrens Benefit Fund - Investment Plan - Direct Plan-Growth

NAV	Fund Size	Expense Ratio
Rs 22.8772	Rs 422.08 Cr	1.00%

NAV as on 22 February 2022

SBI Magnum Children's Benefit Fund - Investment Plan- Direct-Growth is a solution-oriented (children fund) aggressive hybrid mutual fund plan from SBI Mutual Fund, India's largest asset management firm. On September 29, 2020, this fund was launched. As of 31 January 2022, the AUM of SBI Magnum Children's Benefit Fund - Investment Plan Direct-Growth was Rs 422 crores.

The scheme's investment aim is to achieve long-term capital appreciation by investing primarily in equities and equity-related securities of firms in a variety of industries and market capitalizations. In order to produce revenue, the program will also invest in debt and money market products.

 

Absolute and Annualised Returns

Direct Plan-Growth scheme of the SBI Magnum Children's Benefit Fund - Investment Plan has given 69.73% return in last 1 year. Whereas, since the inception of the scheme, it has given 128.77% absolute returns, and 80.60% annualized returns. The fund has doubled the money invested in it every 2 yrs. On SIP investment, the fund has given 25.31% absolute returns and 49.5% annualized returns in the last 1 year. The fund requires a Rs 5,000 minimum investment to start investing. While the minimum investment for the amount SIP is Rs 500. 

Portfolio

The fund now has a 74.04% stock allocation and a 2.32% debt exposure. The fund's debt part has a very low credit rating, meaning that the borrowers to whom it has borrowed money are of poor quality. The Financial, Chemicals, Textiles, Consumer Discretionary, Metals & Mining sectors make up the majority of the fund's stock holdings. In comparison to other funds in the category, it has less exposure to the Financial and Chemicals industries. Gokaldas Exports Ltd., Medplus Health Services Ltd., Cholamandalam Investment & Finance Co. Ltd., Sheela Foam Ltd., and Neogen Chemicals Ltd. are the fund's top five holdings.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.