SBI Magnum Children's Benefit Plan
Objective :
To provide attractive returns by means of capital appreciation through an actively managed portfolio of debt, equity and money market instruments. Income generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio, will be reinvested.
Structure :
Open-ended Income Scheme
Inception Date :
January 02, 2002
Face Value (Rs/Unit):
Rs. 10
Minimum Investment :
Rs. 1500/- only and in multiples of Rs. 100/-.
Entry Load :
1.5%.
Exit Load :
If redeemed before 6 Months; and Amount less than 5 crores, Exit load is 1%. For Amount greater than 5 crores, Exit load is 0%.
Daily NAV & Price:
| Scheme | NAV | Repurchase Price | Sale Price | Date |
|---|---|---|---|---|
| SBI Magnum Children Benefit Plan- REGULAR PLAN -Holding Held for <= 1 Year | 53.9329 | 52.3149 | 53.9329 | 14-Dec-2017 |
Amount of investment Rs25000/- per month for 2 years from now.
Amount at maturity to be realised in 16 yrs for her education or any other purpose as she deems fit.
Her parents are NRI & she is with them.
Kindly give full details, with likely growth & tax implications & your Loading charges.
thank you-Ramani.D.
I would like to know more information about this plan details. I have 2and half years kid. Will this policy applicable to him also?
If yes, kindly provide me the details to me.
If you have any other plans also kindly let me know.
Thanks
regards,
sivaramakrishna.