Child Plan: 8 lakhs became 1 lakh in 15 years, best child mutual fund for children

Child Mutual Fund: There are many such schemes in the mutual fund market which are running in the name of children. Fund houses like HDFC Mutual Fund, ACBI Mutual Fund, Axis Mutual Fund, ICICI Prudential, Tata and UTI are offering such plans. In today’s era where returns on small savings are decreasing, mutual funds can be a better investment option. There are many such good schemes, where in the last 10 to 15 years, they have given 15 per cent or more returns annually. In such a situation, while doing long term planning for children, you can keep these schemes in mind. So that when he becomes an adult, a good fund can be prepared.

HDFC Children’s Gift Fund: 16% return after launch

This fund was launched on March 2, 2001, since then it has given annual returns of 16.12 per cent. Here in the last 15 years, the value of a lump sum investment of 1 lakh has become about Rs 8.34 lakh. At the same time, the value of Rs 5000 monthly SIP in 15 years is Rs 32 lakh.

ICICI Prudential Child Care Fund: 15.6% Returns Post Launch

The fund’s CAGR returns have been 15.58 per cent since its launch on August 31, 2001. In 15 years, the value of Rs 1 lakh is Rs 5.8 lakh, while the value of a monthly SIP of Rs 5000 becomes Rs 24 lakh.

UTI Children’s Career Fund: 10% Return After Launch

The fund has had a CAGR return of 10 per cent since its launch on July 12, 1993. In 15 years, the value of Rs 1 lakh is Rs 4.12 lakh, while the value of a monthly SIP of Rs 5000 becomes Rs 20 lakh.

Tata Young Citizens Fund: 10% Return After Launch

The fund has had a CAGR return of 13 per cent since its launch on October 14, 1995. In 15 years, the value of Rs 1 lakh is Rs 4.76 lakh, while the value of a monthly SIP of Rs 5000 becomes Rs 22.5 lakh.

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Article first Appeared on Informalnewz

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