SBI Magnum Children's Benefit Plan

 

  • Investments in the scheme can be made on behalf of children less than 15 years of age. The scheme will provide group accident insurance cover to the Magnum holders / Unit holders or either parent against accidental death or permanent total disability relating to these accidents. In addition to this, on the accidental death of either parent the Magnum holder / Unit holder will stand to receive an additional 10% of the claim amount towards educational expenses. The cost of providing the insurance cover would be borne by the AMC
  • SBI Magnum Children's Benefit Plan (SBI MCBP) is hybrid debt oriented scheme which invest in equity, government debt, corporate debt and money market instruments. SBI Magnum Children's Benefit Plan (SBI MCBP) invests the equity portion across market capitalization and aims to optimize returns through a well diversified portfolio.

Key Benefit

  • SBI Magnum Children's Benefit Plan (SBI MCBP) is an open ended income scheme which invests in G Sec, corporate and money market instruments while the flexibility to invest upto 25% of the portfolio in equity.

This product is suitable for investors who are seeking*:
  • Long term capital appreciation and current income
  • Investment in equity and equity related instruments as well as fixed income securities (debt and money market securities).
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


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Objectives

To provide attractive returns to the Magnum holders / Unit holders by means of capital appreciation through an actively managed portfolio of debt, equity and money market instruments.

Asset Allocation


Instrument Normal Allocation (% of Net Assets)  Risk Profile
Equity and related instruments Not more than 25%* Medium to High
Debt instruments (including Securitized debt) and Govt. Securities and Money market instruments Uto 100% Low to Medium
Securitized Debt Not more than 10% of investments in debt Medium to High

*The scheme however intends to invest only 20% of the corpus in equity and equity related instruments. Any investment in equity and equity related instruments above 20% but within 25% would depend on market conditions if it is deemed to be in the larger interests of the Magnum holders / Unit holders and would be with the prior approval of the Managing Director.

Date of Inception 21/02/2002
Minimum Application Rs. 5000/- & in multiples of Rs. 1
Additional Investment
Rs. 1000/- & in multiples of Rs. 1
Entry Load N.A.
Exit Load Exit within 1 year : 3%; exit within 2 years : 2%; exit within 3 years:1%
SIP

Monthly - Minimum 1000 & in multiples of 1 thereafter for maximum six months (or) minimum 500 & in multiples of 1 thereafter for minimum one year.

Quarterly – Minimum 1500 & in multiples of 1 thereafter for minimum one year.

SWP

Rs. 500 per month or quarter

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Nav's

PlanNavDate
SBI Magnum Childrens Benefit Plan - Regular Plan - Growth43.745123-Sep-2016
SBI Magnum Childrens Benefit Plan - Direct Plan - Growth45.169423-Sep-2016

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