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CHILDREN’S FUND – Pick the Top 3 with Gulaq

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best child plan mutual fund 2020

Children’s Fund – In Detail 

Children mutual fund is one of the mutual funds with specific child related terms and goals. Mostly, mutual fund children’s plan invests in both debt and equity portfolios. Also, an investor can choose between higher debt & higher equity based investment depending on time-horizon and risk-appetite. These funds come with a lock-in-period of 5 years and can be extended when the child becomes an adult.  

Children’s Fund – The Purpose 

The purpose of children’s fund is to create a way-out for finances for all the necessary expenditures like relocation, higher education, boarding, etc. Parents have an option of selecting lock-in-period that starts from 5 years, until 18 years of child’s age as per their financial requirement. Basically, it is an alternate to long term investment, with customized terms & conditions for a specific purpose.  

Who Should Invest? 

As mentioned, children’s fund is known to create a considerable savings for one’s children. The assured returns ensure better wealth, it’s tax-exempted nature, and secured financial future. For early withdrawals, there is a heavy penalty.  

Top 3 Children’s Fund as per Gulaq 

Here: 

  • Axis Childrens Gift FundIt is a solution oriented mutual fund scheme that was launched by Axis mutual fund. Later on, it was introduced on 8th Dec 2015 to its investors. Currently, the fund is managed by Ashish Naik, and R Sivakumar. Talking about AUM, it is of INR 470 Cr, and, the latest NAV is of INR 15.04 (dated as of 5th March 2020). The fund growth is rated moderately high risk. Also, the minimum SIP investment is INR 1000.  
  • SBI Magnum Childrens Benefit FundIt is a solution oriented mutual fund scheme that was launched by SBI mutual fundLater on, it was introduced on 4th June 2013. Currently, the fund is managed by Rajiv Radhakrishnan. Talking about AUM, it is of INR 65 Cr, and, the latest NAV is of INR 60.02 (dated as of 5th March 2020). The fund growth is rated moderately high risk. The minimum SIP investment is INR 500, and, lumpsum investment is INR 5000.  
  • ICICI Prudential Child Care FundIt is a solution oriented mutual fund scheme that was launched by ICICI Prudential mutual fund. Later on, it was introduced on 7th Jan 2013 to its investors. Currently, the fund is managed by Manish Banthia, and Rajat Chandak. Talking about AUM, it is of INR 131 Cr, and, the latest NAV is of 150.24 (dated as of 5th March 2020). The fund growth is rated moderately high risk. Also, the minimum SIP investment is INR 1000.  

Furthermore, you can read more about it here: https://www.gulaq.com/invest-in-childrens-gift-mutual-fund/ 

Looking to invest? Hop on to gulaq.com and start investing in direct mutual funds. Furthermore, you can also get in touch: [email protected]  

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*Disclaimer: investment in securities market are subject to market risks, read all the related documents carefully before investing

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