November 7, 2022
mayank
SBI Magnum Children’s Benefit Fund – Savings Plan
NAV Growth: Rs 83.9720
Suitable For Which Investors?
“Conservative hybrid funds invest roughly a quarter of your money in equity shares and the rest in bonds. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than returns from fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt portion of these funds provides a moderate, but steady stream of income. The small equity allocation though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seeks to provide the investors an opportunity to earn regular income predominantly through investment in debt and money market instruments and capital appreciation through an actively managed equity portfolio.
Fund Manager:
1) R. Srinivasan
Education: Mr. Srinivasan is M.Com and MFM.
Experience: Prior to joining SBI Mutual Fund he has worked with Principal AMC, Oppenheimer & Co, Indosuez WI Carr and Motilal Oswal.
2) Rajeev Radhakrishnan
Education: Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.
Experience: Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | 5 Years |
| Exit Load | 3% for redemption within 365 days |
| 2% for redemption between 366 – 730 days | |
| 1% for redemption between 731 – 1095 days |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 11.96% |
| Benchmark | NIFTY 50 Hybrid Composite Debt 15:85 |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 89 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 0.86% |
| (As on 30-Sep-2022) | |
| Risk Grade | Above Average |
| Return Grade | High |
| Turnover | — |
SBI Magnum Children’s Benefit Fund – Savings Plan Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Magnum Children’s Benefit Svngs Dir | 1.63 | 0 | 0.03 | 1.87 | 2.96 | 4.35 | 11.33 | 8.73 | 11.88 | — |
| VR MIP TRI | 3.48 | 0.12 | 2.17 | 2.47 | 5.17 | 2.66 | 8.58 | 8.06 | 8.58 | — |
| Hybrid: Conservative Hybrid | 3.5 | 0.02 | 0.96 | 1.72 | 4.16 | 3.78 | 8.11 | 6.81 | 8.03 | — |
| Rank within category | 25 | 23 | 36 | 16 | 32 | 13 | 3 | 4 | 1 | — |
| Number of funds in category | 35 | 36 | 36 | 36 | 36 | 35 | 31 | 29 | 28 | 0 |
SBI Magnum Children’s Benefit Fund – Savings Plan Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| SBI Magnum Children’s Benefit Svngs Dir | 4 star | 4.35 | 11.33 | 8.73 | 0.86 | 89 | 11.96 | 3.00 (365) | 9yrs 10mo | — |
| SBI Cons Hybrid Dir | 4 star | 5.01 | 11.12 | 8.39 | 0.57 | 6,715 | 9.78 | 1.00 (365) | 9yrs 10mo | — |
| ICICI Pru Regular Svngs Dir | 5 star | 5.05 | 9.73 | 8.80 | 0.99 | 3,292 | 10.63 | 1.00 (365) | 9yrs 10mo | 47.00 |
| Kotak Debt Hybrid Dir | 5 star | 4.50 | 11.98 | 9.52 | 0.44 | 1,571 | 10.66 | 1.00 (180) | 9yrs 10mo | 24.23 |
| Canara Robeco Cons Hybrid Dir | 5 star | 3.48 | 10.08 | 8.89 | 0.56 | 1,139 | 9.76 | 1.00 (365) | 9yrs 10mo | 244.00 |
Portfolio Analysis
| Number of Stocks | 23 |
| Number of Bonds | 8 |
| Average Maturity (yrs)* | — |
| Top 10 Holdings (*) | –% |
| Portfolio P/B Ratio | 4.63 |
| Portfolio P/E Ratio | 27.26 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 17,103 | 1,72,732 |
| Giant (%) | 10.79 | 55.65 |
| Large (%) | 7.28 | 18.14 |
| Mid (%) | 33.17 | 19.68 |
| Small (%) | 48.76 | 9.14 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 31 | 51 |
| Modified Duration (yrs) | 1.36 | 2.68 |
| Average Maturity (yrs) | 1.57 | 4.60 |
| Yield to Maturity (%) | 6.95 | 7.20 |
| Avg Credit Rating | — |
Chanakya’s Mutual Fund Guidance For SBI Magnum Children’s Benefit Fund – Savings Plan
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