• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

SBI Mutual Fund unveils scheme for children

Juliet Woodard by Juliet Woodard
September 7, 2020
Home Business
Share on FacebookShare on Twitter

SBI Mutual Fund has unveiled Magnum Children’s Benefit Fund – Investment Plan, an open-ended fund for parents to invest for their children. The scheme, open for subscription from September 8, is a part of SBI Magnum Children’s Benefit Fund that currently has Savings Plan, a predominantly debt-oriented offering. The scheme will predominantly invest in equity and equity-related instruments, said SBI MF, including Equity ETFs with a minimum of 65% going up to 100%, debt including Debt ETFs and money market instruments upto a maximum of 35% in REITS and InvITs up to 10% and up to 20 % in Gold ETFs. The new plan for children aged 1 year going up to when he/she is 14 years old. There would be a lock-in period for at least 5 years or till the child attains age of majority, whichever is earlier.Vinay Tonse, MD & CEO, SBI Mutual Fund said,“Funding education of their children is the top priority for any parent. Given the dual challenges of rising cost of education and interest rates coming down significantly, there is a need to look beyond traditional investment options. SBI Magnum Children’s Benefit Fund – Investment Plan is an ideal fit given its construct of being well-diversified across asset-classes, be it equity, debt or gold.”“Equity asset class as a long-term wealth-creator will help parents in having the right financial support to take care of theirchild’s futureand the sooner they start the better it is,” Mr Tonse added.

You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper
Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages
Move smoothly between articles as our pages load instantly.

Unlimited Access
Enjoy reading as many articles as you wish without any limitations.

Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations
A select list of articles that match your interests and tastes.

Briefing
We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

A letter from the Editor
Dear subscriber,Thank you!Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.Suresh Nambath

Tags: SBI Mutual Fund
Juliet Woodard

Juliet Woodard

Next Post
Samsung to Shut Down Its Sole China TV Factory by November

Samsung to Shut Down Its Sole China TV Factory by November

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Gold plunges ₹ 1,492, silver tanks ₹ 1,476

Zoom’s new security features to manage unruly meeting participants

November 18, 2020
HUL unveils hygiene products – The Hindu

HUL unveils hygiene products – The Hindu

November 4, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Call of the mall – The Hindu

Call of the mall – The Hindu

October 16, 2020
Rupee slumps 23 paise, settles below 74/USD level

Rupee slumps 23 paise, settles below 74/USD level

November 1, 2020
Webinar on weather and its impact on business on November 19

Webinar on weather and its impact on business on November 19

November 16, 2020
Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

November 1, 2020

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

What The New 3-2-2 Work Week Will Mean For Commercial Real Estate

What The New 3-2-2 Work Week Will Mean For Commercial Real Estate

March 2, 2021
Seven Top Tile Trends For 2021

Seven Top Tile Trends For 2021

March 2, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.