Dear All,
We are happy to announce the launch of
*SBI Magnum Children's Benefit Fund* - _*Investment Plan*_
Below are the key feature:
*NFO Details:*
*NFO Opens* on:September 08, 2020
*NFO Closes* on:September 22, 2020
*Allotment Date*:September 29, 2020
*Type of scheme:*
An open-ended fund for investment for children having a *lock-in for at least 5 years or till the child attains age of majority* (whichever is earlier)
*Minimum Application Amount during NFO (Rs.):*
Rs. 5,000/- and in multiples of Re. 1/- thereafter
*SIP Facility also during NFO period and on an ongoing basis:*
The Scheme also offers Daily, weekly, Monthly, Quarterly, Semi-Annual & Annual Systematic Investment Plan (SIP) during NFO period and on an ongoing basis.
*Benchmark Index:*
CRISIL Hybrid 35+65 -Aggressive Index
*Fund Manager:*
_*Mr. R Srinivasan*_ – Equity
_*Mr. Dinesh Ahuja*_ - Debt
_*Mr. Mohit Jain*_ shall be the dedicated fund manager for managing overseas investments under the scheme
*Investment Objective:*
The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across sectors and market capitalizations. The scheme will also invest in debt and money market instruments with an endeavour to generate income. However, there can be no assurance that the investment objective of the Scheme will be realized.
*Asset Allocation:*
⭐Equity and Equityrelated instruments including equity ETFs - *65 - 100%*
Risk Profile : High
⭐Debt, including debt ETFs and money market instruments - *0 - 35%*
Risk Profile : Low to Medium
⭐Units issued by REITs and InvITs - *0 - 10%*
Risk Profile : Medium to High
⭐Gold ETF's - *0 - 20%*
Risk Profile : Medium to High
*Other Details :*
The scheme may seek to invest in foreign securities including ADR/GDR/Foreign equity and overseas ETFs and debt securities subject to Regulations. Such investment may not exceed 35% of the net assets of the scheme.
Exposure to domestic securitized debt may be to the extent of 20% of the net assets.
Exposure to equity derivatives (including writing covered call options in line with SEBI guidelines) may be to the extent of 100% of the net assets.
The scheme may invest in debt derivatives to the extent 20% of the net assets of the scheme.
As per SEBI circular SEBI/HO/IMD/DF2/CIR/P/2017/109 dated September 27, 2017, the Scheme may indulge in „Imperfect hedging‟ using IRFs upto maximum of 20% of the net assets of the scheme.
The Scheme can take exposure up to 20% of its net assets under securities lending and borrowing mechanism.
The scheme may invest in Repo in Corporate Debt as permitted by SEBI.
The scheme may invest in Mutual Fund units including ETFs to the extent of 50% of net assets.
Regards,
DSN Murthy
SBIMF
