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SBI Child Education Plan

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

  • To be the most trusted and respected Asset Manager.

Mission of SBI Mutual Fund

  • To establish Mutual Funds as a viable investment option to the masses in the country.

Note: All information has been sourced from the official website of SBI Mutual Fund.

Statistics of SBI Child Education Plan

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:

Compounded Annualized Growth Rate Performance

Performance Rate1 Year3 Year SIP5 Year SIPSince Inception
SBI Magnum Children's Benefit Fund3.79%Rs. 6,00,000Rs. 3,60,000Rs. 1,20,000
Scheme Benchmark: - NIFTY 50 Hybrid Composite Debt 15:85 Index12.52%--Rs. 1,31,507
Additional Benchmark: Crisil 10 Yr Gilt Index12.96%--18.40%

Current Value of Standard Investment of Rs 10,000

Current Value1 Year3 Year SIP5 Year SIPSince Inception
SBI Magnum Children's Benefit Fund1037912774.6116135.656509.96
Scheme Benchmark: - NIFTY 50 Hybrid Composite Debt 15:85 Index1125212574.715090.6847475.6
Additional Benchmark: Crisil 10 Yr Gilt Index1129611564.6914788.7731774.4

Top Equity Holdings in SBI Child Education Plan

Stock Name(%) Of Total AUM
GOVERNMENT OF INDIA32.20
POWER FINANCE CORPORATION LTD8.21
STATE BANK OF INDIA8.04
CASH, CASH EQUIVALENTS AND OTHERS7.76
SYNDICATE BANK6.33
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

How to Invest in SBI Child Education Plan

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.

Documents Required for SBI Child Education Plan

The documents required for this plan are:

  1. Application Form
  2. KYC Details - Proof of ID and Address
  3. Bank Statement - Proof of Income
  4. SI/SIP/Auto Debit Mandate Form
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