You can make the future financially secure for your children by giving them the gift of mutual funds on Diwali this year. There are some mutual funds in the market which are completely dedicated to children. Which has given tremendous returns in the long term.
Worrying about the future of your children starts from the time they are born. Especially in the future, children should not have to go through any kind of financial trouble. There should be no hindrance in his studies and marriage. On the other hand, if they want to start their work, then they can do it comfortably. For this, parents have to plan from their childhood. All these goals can be met only with mutual funds. By starting mutual funds in the name of children, after 20 years, most of their wishes can be fulfilled. Similarly, we are going to tell you how to invest in some mutual funds, by investing in which you can secure the future of your children.
HDFC Children’s Gift Fund
HDFC Children’s Gift Fund was incorporated today on 2nd March 2001. Since then, this fund has given annual returns of 16.68 per cent. If we talk about absolute returns, then a return of 2345.37 percent has been seen. This means that a lump sum investment of Rs 1 lakh has become Rs 25.58 in 20 years. If someone had done SIP of 10 thousand rupees a month for 20 years, then its value would have become 1.55 crores today. In this mutual fund, you can start with a lump sum of Rs 5000 and SIC of Rs 500.
ICICI Prudential Child Care Fund
ICICI Prudential Child Care Fund was started on 31st August 2001. Since then, this fund has given annual returns of 15.90 per cent. If we talk about absolute return, then 1856.40 has been seen. If an investor had made a lump sum investment of Rs 1 lakh for his child 20 years ago, his value would have become around Rs 20.71 lakh today. Had he invested under a monthly SIP of Rs 10,000, it would have become Rs 1.22 crore today. The minimum lumpsum investment in this scheme is Rs 5,000 and SIP investment is Rs 100.
UTI Children Care Fund
UTI Children Care Fund was started on 12th July 1993. Since then the fund has given an annual return of 11 per cent. If we talk about absolute returns, then this return has been seen around 151 percent. Here in the last 20 years, the value of a lump sum investment of 1 lakh has gone up to about Rs 9.16 lakh. At the same time, the value of a monthly SIP of Rs 10,000 has become Rs 78.85 lakh in 20 years. A minimum lump sum investment of Rs 1,000 can be made in this scheme while a minimum investment of Rs 500 can be made through SIP.
Tata Young Citizens Fund
Tata Young Citizens Fund was launched on 10 January 1996. Since then, the fund has given annual returns of 13.40 per cent. While talking about lump sum returns, it has achieved a return of 2461.53 percent. If an investor has made a lump sum investment of 1 lakh in the last 20 years, then its value would have become about Rs 14.76 lakh. At the same time, the value of a monthly SIP of Rs 10,000 would have become Rs 1.02 crore in 20 years. The minimum lumpsum investment in this fund is Rs 500 and Rs 150 can be invested through SIP.
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