In these mutual fund schemes, if it is assumed that only 12 per cent returns will be given on an average every year, then the children will become millionaires comfortably by the age of getting the job i.e. 25 years. For this, you have to invest only Rs 5000 per month (Mutual Fund SIP).
The way the inflation is increasing day by day, in the same way the worries of the parents are also doubling. Who would be the parent who would not think about the future of their children? Parents are always trying to secure the future of their children. From their education to marriage, the tension keeps haunting them. But today we will tell you about those mutual funds scheme which will end your stress as well as fulfill every need of your children.
Make kids millionaires
In these mutual fund schemes, if it is assumed that only 12 per cent returns will be given on an average every year, then the children will become millionaires comfortably by the age of getting the job i.e. 25 years. For this, you have to invest only Rs 5000 per month (Mutual Fund SIP).
LIC MF Children Fund
This gift fund of LIC has given a return of 32.78 percent as compared to last year. It has given an average return of 10.50 per cent every year since its inception. Its top five holdings include Government of India, HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., and Tata Consultancy Services. The fund has an expense ratio of 2.45 per cent, which is higher as compared to other balanced hybrid funds. The fund currently holds 88.16 per cent equity exposure and has a credit exposure of 10.50 per cent.
Axis Children’s Gift Fund
It is a solution oriented children fund. There is no login period in this. That is, you can withdraw money from it whenever you want. Its market cap is Rs 643 crores. In this, if you redeem the scheme within 365 days, then you will get 3 percent bonus. Between 366 and 730 days, there will be a 2 per cent bonus on redeem and one per cent bonus between 731 and 1095 days. Axis Children’s Gift Mutual Fund Scheme has given a return of 36.31 per cent in 1 year.
HDFC Children Gift Fund
This is a direct plan, whose AUM is 4,959 crores. This mutual fund has given a return of 41.23 percent in 1 year. It has given an average annual return of 16.41 per cent since its inception. It has Nifty 50 TRI as Primary Index and Nifty 50 Hybrid Composite Debt 65:35 Index as Secondary Index.
SBI Magnum Children Benefit Fund
This is a hybrid mutual fund plan. Government of India, Muthoot Finance Limited, Lakshmi Organic Industries Limited, POWERGRID Infrastructure Investment Trust and Catholic Syrian Bank Limited Fund are its top 6 holdings. SBI Magnum Children Benefit Mutual Fund Scheme has given a return of 23.68 per cent in 1 year.
UTI CCF Investment Plan
UTI CCF- Investment Plan is a UTI Mutual Fund solution-oriented – children fund fund. Its market cap is Rs 529 crore. The top 3 holdings of the fund are Infosys, HDFC and ICICI Bank. UTI CCF- Investment Plan Mutual Fund Scheme has given a return of 51.92 per cent in 1 year. It has given an average annual return of 15.07 per cent since its inception. Most of the money in the fund is invested in the financial, technology, services, FMCG and automobile industries.
