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Today Date : Thursday, May 23, 2024

Celebrating 3 years of SBI Magnum

Celebrating 3 years of SBI Magnum

SBI Magnum Children's Benefit Fund has delivered a compounded annual growth rate (CAGR) of 44.39% since its inception. A SIP in the scheme over 3 years would have delivered a CAGR of 29.80%. The fund aims to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across sectors and market capitalizations. The scheme has a lock-in for at least 5 years or till the child attains the age of majority.