Want To Invest In Your Kids Future? These 5 Mutual Fund Schemes For Children Can Be Beneficial

Mutual fund schemes are helpful in making children's future financially strong.

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Mutual Fund Scheme For Children: If you want to invest in your children, then investing in mutual funds would be the right step. Mutual fund schemes will be of great help to you in making your children's future financially strong.   

SBI Magnum Children's Benefit Fund

• Value Research has given this scheme a 4-star rating. With 4 star rating, this fund is quite safe.
• The 1-year return of this fund has been 25.5 percent and 6-month returns of 12.5 percent.
• This is an aggressive hybrid mutual fund scheme, which is a mid-sized fund in its category.

UTI CCF Investment Plan

• The one-year return of this plan has been 23.27 percent.
• In 6 months this scheme has given an 8.22 percent return to the investors.
• The majority of the fund's money is invested in financial, technology, services, FMCG, and automobile industries.
• Those with it include Infosys, HDFC, and ICICI Bank.

HDFC Children's Gift Fund

• Value Research has given this fund a 4-star rating.
• The returns of this fund in the last one year have been close to 43.5 percent.
• Its return for 6 months has been 18.23 percent.
• Of this, 67.10 percent is invested in paisa stocks and 19.07 percent in debt instruments.
• It is a mid-sized fund in its category with an AUM of Rs 4,667 crore.

Axis Children's Gift Fund

• This fund has got 3-star rating from Value Research.
• Its one-year return is 36.3 percent and 6 months return is around 13.3 percent.
• The fund has major equity holdings in the financial, technology, automobile, services and chemical sectors.
• It invests 65 percent of its money in inequities.

LIC MF Children's Fund

• Value Research has given it a 3-star rating.
• The one-year return of this fund has been around 29.6 percent and the 6-month return is around 7.3 percent.
• It has invested most of its money in giant companies like HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd. and Tata Consultancy Services Ltd.
• In equities, it invests more in financial, technology, fast-moving consumer goods, healthcare and energy.

Disclaimer:

ABP News here I am not recommending to invest in any fund. The information provided here is for informational purposes only. Mutual fund investments are subjected to market risk, Read all the scheme-related documents carefully. NAV of schemes, The security can fluctuate depending on the factors and forces influencing the market, including fluctuations in interest rates. past performance of a mutual fund, May not necessarily reflect future performance of plans. mutual fund, does not guarantee or assure any dividend under any of the schemes and is subject to the availability and adequacy of distributable surplus. investors to carefully review the prospectus and seek specific legal, You are requested to seek expert professional advice regarding the tax and financial implications of investing/participating in the scheme.)