Sbi Magnum Children

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What is the return of SBI Magnum Children’s Benefit Fund last 5 years?

2. Returns: The investment has shown impressive performance over various time periods. In the last year, it generated a return of 35.6%. Over a longer period of three years, the return was still strong at 33.66%. Since its launch, the investment has achieved an outstanding return of 40.95%. These figures indicate that the investment has been successful in generating positive returns for investors.

3. On the other hand, when comparing these returns to those of similar investments in its category, there are some notable differences. For instance, over the past year, while this investment generated a return of 35.6%, other investments in its category only managed to achieve a return of 29.85%. This suggests that this particular investment outperformed others within its category during that specific time frame.

4. Similarly, looking at longer-term performance over three years and five years reveals significant variations between this investment and its peers in the same category as well. Over three years, this investment produced a robust return of 33.66%, whereas other investments in its category only yielded a modest return of 15.88% during that period.

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5.In terms of long-term growth since launch, this investment stands out even more significantly with an impressive return rate of 40.95%, surpassing the average returns seen among comparable investments which stood at just 15 .29% over five years.

Practical advice or examples:

Investors should consider these trailing returns carefully when making decisions about their portfolios or considering new opportunities within similar categories.

It is important for investors to evaluate not only short-term but also long-term performance metrics when analyzing different investments.

However ,it is essential not to rely solely on historical data and past performances; instead one must conduct thorough research and analysis before making any investment decisions.

Frequently Asked Questions

Hybrid funds are a type of mutual fund where the investment manager distributes your money between stocks and bonds in a specific proportion. This allocation ratio is determined at the time when the fund is introduced and remains unchanged throughout its duration.

Who should consider investing in a Balanced/hybrid fund?

Balanced funds are a good choice for investors with a medium-term investment plan. These funds offer a combination of safety, regular income, and moderate growth potential. They are particularly suitable for those seeking a balanced approach to their investments.

Who should contemplate investing in a Balanced/hybrid fund?

Balanced funds are a good choice for investors with a medium-term investment plan. They offer a combination of safety, income, and moderate capital growth. These funds provide an ideal balance between stability and potential returns for those seeking such benefits.

Understanding the concept of a lock-in period

The lock-in period refers to the duration during which your investment in a mutual fund cannot be withdrawn. While many mutual funds do not have any lock-in period, tax-saving schemes like ELSS have a minimum lock-in period of 3 years, which is comparatively shorter than other options eligible for tax benefits under Section 80C. The lock-in period starts from the date of investment and may vary for investments made through SIPs.

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Is KYC mandatory for BLACK?

Know Your Customer (KYC) is a mandatory requirement for all fund houses. In the case of investing through BLACK, you only need to complete your KYC process once. This single KYC will be applicable for any future investments as well.

What is an Auto-SIP Mandate?

A Mandate is a single registration that allows you to authorize your bank account to automatically deduct a specific amount of money each day for investing in an SIP portfolio. Once you have registered for the Mandate, you no longer need to go through the payment process every time you want to invest in the SIP.

How can I open SBI Magnum Children’s Benefit Fund after?

1. Log on to your Groww account.

3. Complete all the KYC (Know Your Customer) formalities online, which are quick and paperless.

4. The process takes only a few minutes to complete.

What is the minimum investment in SBI Magnum Children’s Benefit Fund?

– Minimum investment: Rs 5000

– Minimum SIP: Rs 500

– Risk rating: Moderate

– Return rating: Exceptional

The renamed SBI Magnum fund

SBI Long Term Equity Fund, formerly known as SBI Magnum Taxgain Scheme, is a mutual fund scheme offered by the State Bank of India. This fund aims to provide long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments. It offers tax benefits under Section 80C of the Income Tax Act, making it an attractive investment option for individuals looking to save on taxes while also seeking potential growth opportunities.

The SBI Long Term Equity Fund follows a disciplined investment approach that focuses on identifying quality stocks with strong growth potential. The fund manager carefully selects companies across various sectors and market capitalizations to create a well-diversified portfolio. By investing in fundamentally sound companies with sustainable business models, the fund aims to generate consistent returns over the long term.

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P.S. Investing in mutual funds involves risks, including the risk of loss of principal amount invested. Past performance may or may not be indicative of future results. Investors are advised to read all scheme-related documents carefully before making any investment decision.