SBI Mutual Fund is joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies. As of September, 2019, the fund house claims to serve 5,809,315 unique investors through approximately 212 branches PAN India.
Vision of SBI Mutual Fund
Mission of SBI Mutual Fund
Note: All information has been sourced from the official website of SBI Mutual Fund.
Officially known as SBI Magnum Children’s Benefit Fund, it is a mutual fund offered by SBI Mutual Fund. The key highlights of this fund are:
| Performance Rate | 1 Year | 3 Year SIP | 5 Year SIP | Since Inception |
|---|---|---|---|---|
| SBI Magnum Children's Benefit Fund | 3.79% | Rs. 6,00,000 | Rs. 3,60,000 | Rs. 1,20,000 |
| Scheme Benchmark: - NIFTY 50 Hybrid Composite Debt 15:85 Index | 12.52% | - | - | Rs. 1,31,507 |
| Additional Benchmark: Crisil 10 Yr Gilt Index | 12.96% | - | - | 18.40% |
| Current Value | 1 Year | 3 Year SIP | 5 Year SIP | Since Inception |
|---|---|---|---|---|
| SBI Magnum Children's Benefit Fund | 10379 | 12774.61 | 16135.6 | 56509.96 |
| Scheme Benchmark: - NIFTY 50 Hybrid Composite Debt 15:85 Index | 11252 | 12574.7 | 15090.68 | 47475.6 |
| Additional Benchmark: Crisil 10 Yr Gilt Index | 11296 | 11564.69 | 14788.77 | 31774.4 |
| Stock Name | (%) Of Total AUM |
|---|---|
| GOVERNMENT OF INDIA | 32.20 |
| POWER FINANCE CORPORATION LTD | 8.21 |
| STATE BANK OF INDIA | 8.04 |
| CASH, CASH EQUIVALENTS AND OTHERS | 7.76 |
| SYNDICATE BANK | 6.33 |
| MUTHOOT FINANCE LTD. | 5.04 |
| ICICI BANK LTD. | 4.75 |
| TATA POWER COMPANY LTD. | 3.10 |
| ICICI BANK LTD. | 1.84 |
| TATA METALIKS LTD. | 1.41 |
You can invest in an SBI child education plan by visiting any of the bank branches nearest to your residence and request to apply for a child education plan.
The documents required for this plan are:
