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This Children's Fund Is Good For Subscription, Given 61.98% Returns In 5-Years
One of any parent's top priorities is to invest in their children's future. Mutual funds offer solution-oriented or hybrid schemes that invest in both equities and debt markets to aid with this. These funds are designed to fulfil the child's requirements. These funds come with a certain lock-in period to get maximum benefits to the investors. In this article, we have picked one such fund from one of the biggest Asset Management companies (AMC) in India. This fund had offered promising returns on the investment. Read to know more!
SBI Magnum Children's Benefit Fund - Savings Plan - Direct Plan-Growth
This Children's Fund is an open-ended conservative hybrid mutual fund scheme. It was launched on February 21, 2002. It is a medium-sized fund of its category from the SBI Mutual Fund. This fund has worth Rs 89.96 Crore of Assets Under Management (AUM). The Net asset value (NAV) this fund declared on 11th May 2022 is Rs 80.6601. The expense ratio of the fund is 0.86%, which is less than its category average expense ratio.
The fund is a highly risky rated fund for investment and comes with a 5-year lock-in period. To start investment in this fund, the minimum investment amount required is Rs 5,000, Rs 1,000 for additional investment, and Rs 500 for SIP, respectively. It charges 3 different exit loads on redemption. 3% for redemption within 365 days, 2% for redemption between 366 - 730 days, and 1% for redemption between 731 - 1095 days.
The benchmark of this fund is NIFTY 50 Hybrid Composite Debt 15:85. This fund aims to provide the investors with an opportunity to earn regular income predominantly through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio.
Absolute And Annualised Returns
Lump-Sum Investment Returns
Since its launch, it has delivered 12.14% average annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 12.13% | 12.13% |
| 2 Year | 40.74% | 18.64% |
| 3 Year | 38.58% | 11.47% |
| 5 Year | 61.98% | 10.12% |
| Since Inception | 191.70% | 12.14% |
SIP Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 1.85% | 3.46% |
| 2 Year | 13.55% | 12.76% |
| 3 Year | 21.30% | 12.96% |
| 5 Year | 30.55% | 10.61% |
Portfolio
Fund has 21.29% investment in equities of which 1.91% is in large-cap stocks, 1.72% is in mid-cap stocks, and 7.46% is in small-cap stocks. The fund has 71.65% investment in Debt of which 51.17% in Government securities, and 20.48% in funds invested in very low-risk securities.
The fund's equity portion is primarily invested in Textiles, Healthcare, Financial, Chemicals, and Consumer Discretionary sectors. It has taken less exposure in textile, and Healthcare sectors compared to other funds in the category. The debt portion of the fund has moderate credit quality indicating the quality of borrowers it has lent it to is good.
The fund's top holdings are in Madhya Pradesh State, GOI, State Bank of India, IndInfravit Trust, and DBL Mangloor Highways Pvt. Ltd.
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.
