Children's fund is a mutual fund with child-focused aims and terms. These are popular investments that address rising education and other costs. Most kid mutual fund plans invest in equity and debt. Depending on risk appetite and time horizon, investors can invest more in debt or equities. These mutual funds have a 5-year lock-in but can be extended until the child turns 18. For most people, children's mutual funds are good long-term investments because investors can't withdraw money until the policy matures. It also reduces market volatility for investors. More returns are earned by holding the investment rather than selling when the market falls.
Now let us jump and check about these top 15 mutual fund schemes.
SBI Magnum Childrens Benefit Fund
Fund Performance: The SBI Magnum Childrens Benefit Fund Fund has given 27.24% annualized returns in the past three years and 0.00% in the last 5 years and 0.00% in the last 10 years. The SBI Magnum Childrens Benefit Fund Fund comes under the Equity category of SBI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in SBI Magnum Childrens Benefit Fund via lump sum is ₹ 5000 and via SIP is ₹ 500.
Scheme Objective: The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across sectors and market capitalizations. The scheme will also invest in debt and money market instruments with an endeavour to generate income.
Fund Performance: The ICICI Prudential Child Care Fund (Gift Plan) Fund has given 19.26% annualized returns in the past three years and 18.36% in the last 5 years and 12.63% in the last 10 years. The ICICI Prudential Child Care Fund (Gift Plan) Fund comes under the Equity category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Child Care Fund (Gift Plan) via lump sum is ₹ 5000 and via SIP is ₹ 500.
Scheme Objective: The plan seeks generate capital appreciation by creating a portfolio that is invested in equity and equity related securities (51-60%), and debt and money market instruments, securitised Debt & Cash (including money at call) 40-49%.. This allocation is likely to generate steady returns over a longer time frame.
Fund Performance: The Tata Young Citizens Fund Fund has given 17.49% annualized returns in the past three years and 21.41% in the last 5 years and 13.31% in the last 10 years. The Tata Young Citizens Fund Fund comes under the Equity category of Tata Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Tata Young Citizens Fund via lump sum is ₹ 500 and via SIP is ₹ 500.
Scheme Objective: The scheme seeks capital growth along with steady capital accretion, while emphasising capital preservation at all times. The fund would take an equal exposure to equity and debt.
Scheme Manager: Amey Sathe.
Min Amt SIP
: ₹ 500
AUM in ( Cr.)
: ₹ 363.27
1 Y Return (%)
: 32.58
Risko-Meter : Very High
Aditya Birla Sun Life Bal Bhavishya Yojna Regular Growth
Fund Performance: The Aditya Birla Sun Life Bal Bhavishya Yojna Regular Growth Fund has given 14.60% annualized returns in the past three years and 15.73% in the last 5 years and 0.00% in the last 10 years. The Aditya Birla Sun Life Bal Bhavishya Yojna Regular Growth Fund comes under the Equity category of Aditya Birla Sun Life Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Bal Bhavishya Yojna Regular Growth via lump sum is ₹ 1000 and via SIP is ₹ 1000.
Scheme Objective: The scheme seeks generation of capital appreciation by creating a portfolio that is predominantly investing in equity & equity related securities and debt and money market instruments.
Fund Performance: The LIC MF Childrens Fund Fund has given 13.68% annualized returns in the past three years and 14.95% in the last 5 years and 9.92% in the last 10 years. The LIC MF Childrens Fund Fund comes under the Equity category of LIC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in LIC MF Childrens Fund via lump sum is ₹ 5000 and via SIP is ₹ 1000.
Scheme Objective: The scheme seeks to provide long term growth of capital through a judicious mix of investments mainly in quality debt securities with relatively low level of risks.
