Do you want to invest money in children’s fund.? You are wondering which company to invest money in. I have discussed 5 companies with market demand for you. Which are very profitable and trusted positions. How to make money very fast. I am simply explaining to you.
Let’s start without further delay. Best investment option in India to invest money in stocks Read full post.
What is the Children’s Fund?
Parents of children save some amount of money after birth and for the child, to invest in the child’s higher education, marriage, or any necessary sector. So that suitable money is arranged as the child grows.
- Security and Growth Opportunities: Money is invested in various sectors as safe for children, so that the child’s future can be settled in an effective place.
- Saving for goals: Children’s parents save some money after their birth, to invest in the child’s higher education, marriage, house, car, etc.
- Badge Opportunity: Investing money in various funds provides some interest based on the invested money and long term plans.
What are the Pros and cons of Investing in Children’s Funds?
Convenience
- Growth opportunities: Children’s funds grow instead of investing money, which can be invested in future sectors of the children’s needs.
- Safety: Investing children’s fund money keeps the money safe and grows over time.
- Benefits of Badges: Investing in funds provides benefits of badges and special benefits of investing in institutions.
Difficulty
- Contagion Risk: Market conditions may cause price fluctuations, stable and volatile conditions.
- Loan facility: Parents invest money for their child’s future, many institutions do not have this facility. Be sure to check before investing money.
Who Should Invest in Children’s Funds?
There are two things to note before investing in children’s funds. 1. Protected 2. high returns. So definitely invest in a reliable company, before investing you must take the advice of experienced people. If satisfied in all aspects then invest.
Best Mutual Funds for Children (2024)
| Name | AUM (Rs. in cr.) | CAGR 3Y (%) | CAGR 5Y (%) | Expense Ratio (%) | SIP Investment |
| Tata Young Citizen Fund | 307.83 | 19.31 | 18.13 | 2.17 | Not allowed |
| ICICI Pru Child Care Fund-Gift Plan | 1,139.02 | 18.04 | 15.32 | 1.44 | Allowed |
| Axis Children’s Gift Fund-No Lock in | 765.34 | 10.80 | 13.35 | 0.90 | Not allowed |
| LIC MF Children’s Gift Fund | 14.51 | 11.63 | 13.01 | 1.85 | Allowed |
| SBI Magnum Children’s Benefit Fund-Savings Plan | 102.51 | 12.72 | 11.41 | 0.86 | Allowed |
Top 5 Mutual Funds for Kids India
- Tata Young Citizen Fund
- ICICI Pru Child Care Fund-Gift Plan
- Axis Children’s Gift Fund-No Lock in
- LIC MF Children’s Gift Fund
- SBI Magnum Children’s Benefit Fund-Savings Plan
Best Mutual Funds for the Future of Children in India. Overview
Tata Young Citizen Fund
Tata Young Citizen Fund: It offers a mutual fund, established in 2024. It supports the money of the youth so that the unemployment rate in the society is reduced. It increases money if invested over 7 years. 1% increase in exit load if the money is invested before your daughter turns 18. Start with a minimum investment of ₹500.
ICICI Pru Child Care Fund-Gift Plan
ICICI Pru Child Care Fund-Gift Plan: This is a mutual fund scheme designed only for baby girls. It is suitable for long term investment minimum 5 years, it can increase investment money by 65-100%. It can be started with a minimum investment of 5000 thousand rupees. Investing money in this platform has some risk so be careful before investing.
Axis Children’s Gift Fund-No Lock in
Axis Children’s Gift Fund-No Lock in: This is a mutual fund scheme designed with children in mind, suitable for long-term investment. There is (penalty) if you withdraw your fixed amount within three years.
If the investment money exceeds the deadline. 3% in year 1, 2% in year 2, 1% in year 3 and zero thereafter. Its minimum investment is Rs.500. Investing money in this platform has some risk so be careful before investing.
LIC MF Children’s Gift Fund
LIC MF Children’s Gift Fund: It offers a mutual fund scheme that allows investing money for children. It is designed to be suitable for long term investment, it gives a stable money return resulting in long term investment. It avoids market fluctuations for 7 years or more. Be careful before investing money.
SBI Magnum Children’s Benefit Fund-Savings Plan
SBI Magnum Children’s Benefit Fund-Savings Plan: It is a mutual fund scheme, established in 1987. It is the perfect platform to invest money for long term, it allows to invest money for children. In this the investment time period of 5-7 years or more will grow your money. Its minimum investment is Rs.500-1000. Be careful before investing money.
Conclusion
Thinking of investing in children’s funds in India. Before investing money, you must know the rules of that money bank well. I have discussed some companies for you. You can make a choice from this company to invest or check about other companies.
I have highlighted these companies as a lesson you should check before investing.
Ending here today. See you again in a new post until then stay well and keep your family well. If you have any questions please comment.
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