With a little bit of planning any
dream can come true!

Help your investor prepare for their child's treasured dream through investing in SIP.

Fill out the following details to calculate the required corpus.



Cost listed is indicative only for the goal selected and is for illustrative purpose only.

5,20,00,000

Recommended Investment Plan

To build a corpus of
A lumpsum investment of Or A Monthly SIP of

Did you know?

Increasing the monthly SIP amount by every year. The investor can start with a monthly SIP of and achieve the same goal.

Note :

This calculator is designed to help investors in... determining the appropriate amount accumulated through SIP investment or lump sum based on assumed rate of returns and does not guarantee any returns. The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security / Schemes and should not be construed as promise on minimum returns and/or safeguard of capital. These Calculators alone are not sufficient and shouldn't be used for the development or implementation of an investment strategy. There is no warranty about the accuracy of the calculators/ reckoners. The recipient is advised to consult his or her financial advisor/ tax consultant prior to arriving at any investment decision. The calculation is based on Monthly SIP with selected top-up frequency viz, half yearly or yearly basis on the basis of assumed rate as selected by you. The returns are shown point to point in absolute terms. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. The current cost of goals listed is taken from https://collegedunia.com/. Overseas cost is converted into rupees at current rates as on 28th August,2020 (1$=73.41 INR). Kindly note these costs are for illustrative purposes only and are subject to change in the future. Investors are advised to check the current cost of the educational courses selected and consult their financial advisor before arriving at any investment decision. Read More

Where should the investor invest to secure child's future?

SBI Children investment Fund

MODERATELY LOW

Download leaflet | Download Presentation
Type of Scheme : An open-ended fund for investment for children having a lock-in for at least 5 years or till the child attains age of majority (whichever is earlier).

Where will the money be invested?

Where will your money be invested?

Investment Objective

The investment objective of the scheme is to generate long term capital appreciation

Key Features

Riskometer
SBI Magnum Children's Benefit Fund - Investment Plan

This product is suitable for investor's who are seeking*:

  • Long-term capital appreciation
  • Investment primarily in actively managed equity and Equity-related instructions and secondarily in debt and money market securities.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Enter following details to send the plan to investor

Please enter investor's name

Please enter child's name

Please enter investor's email id

Your details

ARN -

Please enter ARN Code

ARN -

ARN code and Sub broker code can not be same.

E

Please enter EUIN

Frequently asked questions

1. Can I as a parent invest in name of my child from my bank account ?

No. Investments can be made only in the name of Minor represented by Guardian (Adult Resident Individuals or Non-Resident Adult Individuals). Payment for investment by means of Cheque, Demand Draft or any other mode shall be accepted from the bank account of the minor or from a joint account of the minor with the guardian only.

2. Can a grandparent or a relative invest in the name of the child ?

A grandparent or a relative can only invest in the name of the child only if he/she is the legal guardian.

3. What happens when the minor turns into major? Will there be an intimation for the same ?

Mutual Fund will send an intimation to Unit holders advising the minor (on attaining majority) to submit an application form along with prescribed documents to change the status of the account from ‘minor’ to ‘major’. Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC details, updated bank account details including cancelled original cheque leaf of the new account. No further transactions shall be allowed till the status of the minor is changed to major.

4. Once the minor turns into major, will joint account be allowed for redemption proceeds ?

No, joint account will not be allowed and it has to be the account in the name of beneficiary (child who has turned as major).

5. Can I continue to invest in the name of my child after he/she turns 18 ?

No investments (lumpsum/SIP/ switch in/ STP in etc.) in the scheme would be allowed once the minor attains majority i.e. 18 years of age, till the status is changed to major.

6. After my child turns 18, can I initiate transaction or the status change from minor to major is required ?

No investments (lumpsum/SIP/ switch in/ STP in etc.) in the scheme would be allowed once the minor attains majority i.e. 18 years of age, till the status is changed to major.

7. Is there a lock in period in the scheme ?

Yes, the scheme has a lock-in for at least 5 years or till the child attains age of majority (whichever is earlier).

8. How many schemes are there in the Solution Oriented - Children's Fund category ?

We have two schemes i.e. SBI Magnum Children's Benefit Fund - Savings Plan which is debt oriented and SBI Magnum Children's Benefit Fund - Investment Plan which is equity oriented.

9. Is there an exit load in this scheme? Is it the same across plans ?

Yes, there is an exit load which is applicable for both plans and is as follows: For all investments: With respect to units not subject to lock-in period and the holding period is less than 3 years:
  • 3% for redemption/switch out on or before 1 year from the date of allotment
  • 2% for redemption/switch out after 1 year and up to 2 years from the date of allotment
  • 1% for redemption/switch out after 2 years and up to 3 years from the date of allotment
Nil for redemption or switch-out after 3 years from the date of allotment.

10. If my units are free from lock in, will there be an exit load applicable ?

The exit load will be applicable if the holding period is less than 3 years. For eg, If you invest when you child is 16, while the lock in period ends the moment your child is 18, the holding period for your investment is less than 3 years and hence exit load will be applicable. Please refer to exit load of scheme for details.

11. Can I switch my existing investment from SBI Magnum Children Benefit Fund - Savings Plan to SBI Magnum Children Benefit Fund - Investment plan? If yes, then whether exit load would be charged? Can switch over be done within lock-in period?

You can switch your existing investments from SBI Magnum Children Benefit Fund - Savings Plan to SBI Magnum Children Benefit Fund - Investment plan provided the lock-in period in SBI Magnum Children Benefit Fund - Savings Plan is over and the Child (in whose name the investment is made) continues to be a minor. The exit load is applicable if the holding period is less than 3 years. So, if the child continues to be a minor even after the mandatory lock-in period of 5 years, then switch can be done and in this case exit load will not be applicable. Switch cannot be done within the lock-in period.

12. Can the existing investment (minor period) continued to be remained invested post becoming major?

Yes, the existing investment can continue even after the minor becomes major. All transactions / standing instructions / systematic transactions etc. will be suspended i.e. the Folio will be temporarily frozen for operation by the guardian from the date of beneficiary child completing 18 years of age, till the status of the minor is changed to major. Also, upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC details, updated bank account details including cancelled original cheque leaf of the new bank account.

13. Once the status is changed from Minor to Major, can I invest in the existing folio from my major bank account?

No, the investments in these schemes can be only made in the name of minor. Once the minor turns into major, no investments can be made in these schemes.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.