How should you plan for your child’s future? If you are also planning to invest for the future of your children, then Child Mutual Fund can be a better option.
New Delhi. In the present time, education of children has become very expensive. It may become more expensive in the coming times. Especially for the parents, it is becoming difficult to bear the cost of higher education, for this they have to spend big amount. Keeping this in mind, many parents invest in Savings accounts. If you too are planning investment for the future of your children, then a child mutual fund (Mutual fund) can be a better option. Here you can get big amount by investing less. Let’s know how? Special Mutual Fund for Children
Let us tell you that there are many fund houses for children. Which especially offer mutual funds. These include Children’s plans of funds like HDFC, SBI, Axis Bank, ICICI Prudential, TATA and UTI. Among them, in the last 15 to 20 years, 12 to 15 percent per annum has given excellent returns. Parents can also get better returns by investing in other mutual funds. If you are doing SIP in the name of your children, then just keep in mind that the investment target should be at least 15 years.
HDFC Children’s Gift Fund was launched on 2 March 2001. Returns to 16.12 per cent since launch. In this, the value of Rs 5000 monthly SIP will be Rs 30 lakh in 15 years. ICICI Prudential Child Care Fund ICICI Prudential Child Care Fund was launched on 31 August 2001. It has given 15.48 percent return since launch. In this, the value of Rs 5000 monthly SIP becomes Rs 24 lakhs in 15 years.The SBI Magnum Children Benefit Fund was launched on February 21, 2002. Since launching, the return has been found to be 10.36 percent. 5000 rupees monthly SIP (SIP) in this fund is worth 20 lakh rupees in 15 years.
The SBI Magnum Children Benefit Fund was launched on February 21, 2002. Since launching, the return has been found to be 10.36 percent. 5000 rupees monthly SIP (SIP) in this fund is worth 20 lakh rupees in 15 years.
