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The All-new SBI Magnum Children’s Benefit Fund Investment Plan
Want to invest in your child’s future? Check out the SBI Magnum Children’s Benefit Fund Investment Plan.
SBI Mutual Fund recently launched SBI Magnum Children’s Benefit Fund Investment Plan. It is an open-ended, debt-oriented fund to help parents start investing for their children’s future.
Here are four key points about the SBI Magnum Children’s Benefit Fund Investment Plan you need to know:
- It is ideal for parents whose children are in the age group of 1-14 years
- The fund will predominantly invest in equity and equity-related instruments, gold Exchange Traded Funds (ETFs), and Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)
- It has a lock-in period of five years or until the child is 18 years old, whichever is earlier
- The new fund opened on September 8, 2020 and will close on September 22, 2020
If you want to secure your child’s future, this may be the right option for you. Talk to your financial advisor or carefully look at the terms governing the SBI Magnum Children’s Benefit Fund Investment Plan before investing.
Though REITs and InvITs are comparatively newer phenomenon in India and information on them is still limited as compared to other investment options, all things considered, these would not have been launched if there was no market opportunity. In the global market, both REITs and InvITs are considered sound but safer investment options.
