Home >>ACMIIL Home >> ACMFSL Home >> ACMRES Home >> Resume Status Home >> Apply Now Home >> Culture Home >> Current Opening Home >> Deenas World Home >> Faq's Home >> Financial Terms Home >> Five W’s of Investment Home >> Health Checkup Home >> Investmentz Online Home >> Management Team Home >> Media Corner Home >> NRI Center Home >> Register Now Home >> Research Home >> FAQ's Home >> Knowledge Support Home >> Why Investmentz Home >> Sitemap Home >> Career Home >> Gallery Home >> Feedback Home >> Disclaimer Home >> Privacy Home >> Services Home >> Tools & Platforms Home >> Investment Products Home >> About Us Home >> Contact Us Home >> Download Home >> Security Home >> My Subscription Home >> Retail Investors Home >> NRI Investors Home >> Institutional Investors Home >> Corporate Clients Home >> Bank Home >> Alternate Investment Fund Home >> Financial Planning Home >> Investment Advisory Home >>Portfolio Tracking


  Change Font Size: A+ A-

4 key features of mutual fund children’s plansOverall RATE RATE (0.00)

It’s very important to know that like life insurance companies, some mutual funds also provide children’s plans. The main objective of mutual funds having these plans is to help the investors save for their children’s future needs such as higher education.

In case you a looking to consider investing in mutual fund children’s plans, you need to consider the following four key features of mutual fund children’s plans before starting:

Children’s plans come in multiple variants in terms of asset allocation

Children’s plans from mutual funds come in multiple variants of equity and debt-oriented funds in addition to hybrid funds, which invest in equity as well as debt.

Certain children’s plans come with a lock-in period

Some children’s plans offered by mutual funds do come with a lock-in period. That helps you largely in maintaining an investment discipline in terms of your child’s financial goals. Thus, this will help you stay invested for your children’s future needs.

Higher exit load could be a consideration

Most children’s plans offered by mutual funds have a higher exit load. The main reason behind this is to ensure that the parents stay invested in the plans for achieving their long-term goal for their children. The exit load ranges from 1-5% depending on the investment tenure.

Entry age limit

Some mutual fund plans for children can come with an age barrier for mutual fund entry for children. This means that you cannot invest in the scheme after your children have crossed that age limit threshold.

Therefore, choose your mutual fund option for your child wisely and start planning for your child’s future now. Mutual fund investments are one of the best ways to fight inflation and get stronger returns in the long run. Here are the two funds that we feel can be the best option for you to plan your children’s future:

Scheme Name

NAV as on 20th November 2017

Asset Under Management (in Cr)

Minimum Investment

Exit Load

SBI Magnum Children's Benefit Plan





Exit Load 3% if Redeemed within 1yr, 2% if redeemed within 2 yrs and 1% if redeemed within 3 yrs.

ICICI Prudential Child Care Plan - Study Plan







Now Investing in Mutual Funds is as easy as shopping, do it through the Investmentz App. Download it today from Google Playstore or Apple App Store.


Written by : blog admin

Today’s Poll

Today’s Poll
Will the 'bears' stop the 'bulls' from making new highs?

Most Read

3 simple steps to financially secure th... by blog admin 01-Jan-2018, 00:00 Hours IST
Make National Pension Scheme your gatew... by blog admin 11-Jan-2018, 00:00 Hours IST
4 easy ways to save more money by blog admin 25-Jan-2018, 00:00 Hours IST
SEBI Reg. Nos | BSE CM:INB 010607233 & Derivatives:INF 010607233 | NSE CM:INB 230607239 | Derivatives INF 230607239 & Currency Derivatives INE 230607239 | MCX SX INB 260607230 | Derivatives INF 260607230 and Currency Derivatives INE 260607230 | DP: IN-DP-CDSL-28-99 and Merchant Banking INM000010973.