5 Top Performing Children’s Mutual Fund SIPs To Invest In 2021
SBI Magnum Children’s Allowance Fund
SBI Mutual Fund’s SBI Magnum Child Benefit Fund – Direct Investment Plan – Growth is an aggressive hybrid mutual fund plan. It is a mid-sized fund in its category, with Rs 151 crores in assets under management (AUM) as of June 30, 2021. The fund’s expense ratio is 1.01%, which is comparable to the expense ratios. charged by most other aggressive hybrid funds. .
The financials, automotive, chemicals, services and metals sectors make up the majority of the fund’s equity holdings. GOI, Muthoot Finance Ltd., Laxmi Organic Industries Ltd., Powergrid Infrastructure Investment Trust and Catholic Syrian Bank Ltd. are the top five holdings of the fund. The main index of the investment plan is the CRISIL Hybrid 35 + 65 – Aggressive Index.
UTI CCF investment plan
UTI CCF-Investment Plan is a solution-oriented UTI Mutual Fund – Children’s Fund. It has a market capitalization of Rs 504.40 crore. The UTI CCF investment plan is compared to the CRISIL Balanced Fund – Aggressive Index as the main index, as well as to the NIFTY 50 – TRI and NIFTY 500. The 3 main holdings of the fund are Infosys, HDFC and ICICI Bank. The recent one-year growth returns of the UTI Children’s Career Fund Investment Plan Regular Plan are 56.79 percent. It has generated an average annual return of 10.31% since its inception. The majority of the fund’s money is invested in the finance, technology, service, consumer goods and automotive industries. For July 7, 2021, the net asset value of the UTI Children’s Career Fund investment plan is 55.13.
HDFC Children’s Gift Fund
HDFC Children’s Gift Fund Direct Plan is a mid-sized fund in its category, with assets under management (AUM) of 4,667 crore. The fund’s cost ratio is 1.09%. The fund now has an equity allocation of 67.10% and a debt allocation of 19.07%.
The one-year returns of the HDFC Children’s Gift Fund Direct Plan are 48.06%. It has produced an average annual return of 16.44% since its inception. The NIFTY 50 Index – TRI as the primary index and the NIFTY 50 Hybrid Composite Debt 65:35 index as the secondary index are used to measure the HDFC children’s gift fund.
Axis Children’s Gift Fund – No Blocking
Axis Children’s Gift Fund is a solution-focused Axis Mutual Fund – Children’s Fund. It has a market capitalization of Rs 607.91 crore. The NIFTY 50 – TRI index is used as the primary index and the NIFTY 50 Hybrid Composite Debt 65:35 index is used as the secondary index. The financials, tech, automotive, services and chemicals sectors make up the majority of the fund’s equity holdings. If you trade within 365 days you will get a 3% bonus. Between 366 and 730 days, the redemption rates are 2%. Between 731 and 1095 days, there is a 1% chance of a refund.
LIC MF Children’s Fund
The fund has an expense ratio of 1.41%, which is higher than most other hybrid balanced funds. The fund currently has an equity allocation of 88.16 percent and a debt exposure of 10.87 percent.
The LIC MF Children’s Gift Fund Direct Growth Fund returns for the past year were 33.91%. It has averaged 10.50% each year since its inception. GOI, HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd. and Tata Consultancy Services Ltd. are the top five holdings of the fund. The equity portion of the fund is primarily invested in the financials, technology, fast moving consumer goods, health care and energy sectors. It has generated average annual returns of 10.5% since its inception.
Children’s education mutual funds with SIP Investment
|Fund name||1 year||5 years||YTD|
|SBI Magnum family allowance fund||New fund||New fund||39.31%|
|UTI CCF – Investment plan||59.04%||14.67%||19.15%|
|HDFC Children’s Gifts Investment Plan||48.06%||16.02%||19.03%|
|Axis Children’s Gift Fund – No Blocking||37.82%||14.54%||11.91%|
|LIC MF Children’s Fund||33.91%||8.52%||7.95%|
Why Should You Consider Child Education Mutual Funds?
You should select an investment that offers a return above inflation over a period of time. Invest your money according to your risk appetite to build a fund for your child’s higher education. To save money for your child’s higher education, you can use a relatively safe financial vehicle like the PPF or the NSC. An aggressive investor, on the other hand, may choose to invest in equity-focused companies with a high return on investment over the long term. You should determine the amount of money you will need for the child’s college as soon as possible. It allows you to choose the best investment and save the funds needed to send your child abroad for higher education. Equity mutual funds are a good option. Over time, mutual fund investments offer much higher returns than any other type of savings. Yields are better if the time horizon is longer than ten years. You won’t have to worry about which stocks to buy or when to buy them. For a small fee, a professional fund manager will take care of all of these tasks for you.
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