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Education today is expensive, be it primary, or secondary or graduation level, also education is important! The rising inflation in the education sector has made parents worry regarding the quality of education for their children.
To give quality education to their child, parents save money, put in FDs, or take education loans. However, still, these ways do not work much for them.
Experts say, if you are planning for quality education for your child then remember saving money or putting money in traditional investment options like FDs won't work. This is because these ways cant help you beat the rising inflation in the education sector.
Parents must look to put their money for their child's education at a place where they can inflation-beating returns and a big corpus. Solution-Oriented Children’s Gift Mutual Fund is a way out!
What Are Solution-Oriented Children’s Gift Mutual Fund Scheme?
These are solution-oriented mutual funds especially designed to cater to the problem of rising inflation in the education sector. Returns generated through such schemes or funds can be used to fund higher education expenses or marriage (child) expenses.
However, before investing in solution-oriented mutual funds the investor should have sufficient liquidity of capital. In these funds, a partial withdrawal option is not available before the completion of 5 years. The investment duration in these funds should be higher to allow the fund to grow.
Below, we are discussing some of the best Solution-Oriented Children’s Gift Mutual Fund where one can plan their investments, do have a look!
To receive a free advisory on Investments In Mutual Fund, contact our executives asap!
SBI Magnum Children's Benefit Fund-Investment Plan-Growth
A children’s fund category solution-oriented mutual fund, run and managed by SBI Mutual Fund House. The fund has 74.04% investment in Indian stocks of which 10.63% is in large-cap stocks, 5.03% is in mid-cap stocks, 32.51% in small-cap stocks.
Fund also has 2.32% investment in Debt of which 2.32% is in Government securities.
The fund size of the scheme is around Rs 422 crores and it charges a total expense ratio of around 2.55%. The fund does not charge any entry load but has some trends for exit load. It charges an exit load equal to 3.0% of sell value; if the fund sold before 365 days, 2.0% if the fund sold before 730 days, 1.0% if the fund sold before 1095 days. There are no other charges.
The investment objective of the scheme is 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 in an endeavor to generate income.
ICICI Prudential Child Care Fund - Gift Plan
A children’s fund category solution-oriented mutual fund, run and managed by ICICI Prudential Mutual Fund House. The fund has 68.49% investment in Indian stocks of which 58.92% is in large-cap stocks, 2.14% is in mid-cap stocks, 3.26% in small-cap stocks.
Fund also has 19.88% investment in Debt of which 8.53% is in Government securities, 11.34% in funds invested in very low-risk securities.
The fund size of the scheme is around Rs 868 crores and it charges a total expense ratio of around 2.35%. The fund does not charge any entry load or exit load.
The investment objective is to generate capital appreciation by creating a portfolio that is invested in equity and equity-related securities and debt and money market instruments.
UTI CCF- Savings Plan
A children’s fund category solution-oriented mutual fund, run and managed by UTI Mutual Fund House. The fund has 39.2% investment in Indian stocks of which 18.79% is in large-cap stocks, 6.83% is in mid-cap stocks, 5.83% in small-cap stocks.
Fund also has 46.29% investment in Debt of which 25.48% in Government securities, 19.18% in funds invested in very low-risk securities.
The fund size of the scheme is around Rs 4256 crores and it charges a total expense ratio of around 1.6%. The fund does not charge any entry load or exit load.
The primary objective of the scheme is to invest predominantly in debt and money market instruments and part of the portfolio into equity & equity-related securities to generate income and aim for capital appreciation.
To get more details about the fund you can refer to the fund fact sheet or you can get in touch with us. Call us on- 0612-6604453 or mail us at [email protected]
For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
Happy Investing!
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).