For any parent, their child gives them immense happiness but also the biggest responsibilities. For life. To meet their future needs like education / career or marriage requires proper financial planning to ensure that the right amount of money is available at the right time. And this can only be achieved through the right mix of investments.
Parents can also get avail exemption from their income under Section 80C if they invest in such funds. They can claim up to Rs. 1.5 Lakh deduction in this scenario.
They can also claim an annual exemption of Rs. 1,500 per child under Section 10 (32) of the Income Tax Act, 1961 if the interest income exceeds Rs. 6,500 annually.
Parents of children suffering from specified disabilities can benefit from additional tax exemptions if they apply for children’s fund.
Min. SIP Amount: Rs. 500 / Month; Min. Lumpsum: Rs. 5000
|
SIP Returns - Childrens MF
Performance Tracker | Mutual funds with highest returns |
||||||
|
Scheme Name |
AuM (Cr) |
1Y |
2Y |
3Y |
5Y |
10Y |
|
LIC MF Childrens Fund |
13.57 |
13% |
22% |
27% |
29% |
62% |
|
SBI Magnum Childrens Benefit Fund - Savings Plan
- Regular Plan – Growth |
77.26 |
13% |
20% |
23% |
32% |
88% |
|
Tata Young Citizens Fund - Regular Plan – Growth |
249.93 |
24% |
39% |
43% |
47% |
89% |
|
Aditya Birla Sun Life Bal Bhavishya Yojna -
Regular Plan – Growth |
433.78 |
12% |
22% |
- |
- |
- |
|
UTI CCF- Investment Plan – Growth |
504.40 |
26% |
41% |
44% |
54% |
118% |
|
Axis Childrens Gift Fund - Compulsory Lock-in -
Regular Plan – Growth |
622.22 |
17% |
27% |
33% |
44% |
- |
|
Axis Childrens Gift Fund - No Lock-in - Regular
Plan – Growth |
622.22 |
17% |
27% |
33% |
44% |
- |
|
ICICI Prudential Child Care Fund - Gift Plan |
776.25 |
16% |
23% |
26% |
33% |
92% |
|
UTI CCF- Savings Plan |
4009.40 |
11% |
19% |
20% |
25% |
67% |
|
HDFC Childrens Gift Investment Plan |
4835.85 |
23% |
36% |
40% |
51% |
125% |
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