SBI MF to launch Children's Benefit Fund-Investment Plan on Sept 8

This is an open-end fund that will be part of SBI Magnum Children's Benefit Fund, which already has a savings plan, a predominantly debt-oriented offering

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Parents should ideally invest in this plan when their child is between the age of one year and 14 years, so that they get the benefit of capital appreciation over the long-term.

Sanjay Kumar Singh New Delhi

2 min read Last Updated : Sep 07 2020 | 8:29 PM IST

SBI Mutual Fund has announced the new fund offer (NFO) of SBI Magnum Children’s Benefit Fund - Investment Plan. This is an open-end fund that will be part of SBI Magnum Children’s Benefit Fund, which already has a savings plan, a predominantly debt-oriented offering.

SBI Magnum Children’s Benefit Fund – Investment Plan will take exposure to equity and equity-related instruments, including equity ETFs, to the extent of 65-100 per cent. The fund’s mandate allows it to invest in debt instruments, including debt ETFs and money market instruments, up to 35 per cent, in real estate investment trusts (REITS) and infrastructure investment

Topics : SBI Mutual Fund investment plan ETFs REITs InvITs children