Best Mutual Fund For Child English

Best Mutual Fund For Child

The table below shows the Mutual Fund For Child based on AUM, NAV, and minimum SIP.

NameAUM (Cr)Minimum SIP (Rs)NAV (Rs)
SBI Magnum Children’s Benefit Fund-Investment Plan1504.945000.032.24
ICICI Pru Child Care Fund-Gift Plan1062.94500.0287.87
Aditya Birla SL Bal Bhavishya Yojna908.67100.018.53
Axis Children’s Gift Fund798.92100.024.81
Tata Young Citizen Fund326.77100.059.91
SBI Magnum Children’s Benefit Fund-Savings Plan102.51500.099.7
Union Children’s Fund34.4100.010.22
LIC MF Children’s Gift Fund15.213000.031.96

A mutual fund for a child is an investment scheme designed to help parents or guardians save and invest money for a child’s future financial needs, such as education or other expenses.

Content:

Top Child Mutual Fund

The table below shows the Best Mutual Fund For Children based on lowest to highest expense ratio.

NameExpense Ratio %
Aditya Birla SL Bal Bhavishya Yojna0.71
Union Children’s Fund0.79
SBI Magnum Children’s Benefit Fund-Savings Plan0.86
SBI Magnum Children’s Benefit Fund-Investment Plan0.89
Axis Children’s Gift Fund0.9
ICICI Pru Child Care Fund-Gift Plan1.44
LIC MF Children’s Gift Fund1.85
Tata Young Citizen Fund2.17

Children’s Mutual Fund India

The table below shows Children’s Mutual Fund India based on the Highest 5Y CAGR.

NameCAGR 5Y (Cr)
Tata Young Citizen Fund18.13
ICICI Pru Child Care Fund-Gift Plan15.32
Axis Children’s Gift Fund13.35
LIC MF Children’s Gift Fund13.01
SBI Magnum Children’s Benefit Fund-Savings Plan11.41

Best Mutual Fund For Child Future In India

The table below shows the Best Mutual Fund For Child Future In India based on exit load i.e the fee that the AMC charges investors when exiting or redeeming their fund units.

NameExit Load %AMC
LIC MF Children’s Gift Fund0.0LIC Mutual Fund Asset Management Limited
ICICI Pru Child Care Fund-Gift Plan0.0ICICI Prudential Asset Management Company Limited
Aditya Birla SL Bal Bhavishya Yojna0.0Aditya Birla Sun Life AMC Limited
Union Children’s Fund0.0Union Asset Management Company Pvt. Ltd.
Tata Young Citizen Fund1.0Tata Asset Management Private Limited
SBI Magnum Children’s Benefit Fund-Investment Plan2.0SBI Funds Management Limited
SBI Magnum Children’s Benefit Fund-Savings Plan3.0SBI Funds Management Limited
Axis Children’s Gift Fund3.0Axis Asset Management Company Ltd.

Top 10 Child Mutual Fund

The table below shows Top 10 Child Mutual Funds based on Absolute 1 Year Return and AMC.

NameAMCAbsolute Returns – 1Y %
ICICI Pru Child Care Fund-Gift PlanICICI Prudential Asset Management Company Limited31.97
Tata Young Citizen FundTata Asset Management Private Limited29.16
SBI Magnum Children’s Benefit Fund-Investment PlanSBI Funds Management Limited28.8
Aditya Birla SL Bal Bhavishya YojnaAditya Birla Sun Life AMC Limited26.31
LIC MF Children’s Gift FundLIC Mutual Fund Asset Management Limited22.93
SBI Magnum Children’s Benefit Fund-Savings PlanSBI Funds Management Limited17.45
Axis Children’s Gift FundAxis Asset Management Company Ltd.15.2

Best SIP For Child

The table below shows the Best SIP For a Child based on Absolute 6-month Return and AMC.

NameAMCAbsolute Returns – 6M %
ICICI Pru Child Care Fund-Gift PlanICICI Prudential Asset Management Company Limited20.36
Tata Young Citizen FundTata Asset Management Private Limited14.65
Aditya Birla SL Bal Bhavishya YojnaAditya Birla Sun Life AMC Limited12.99
LIC MF Children’s Gift FundLIC Mutual Fund Asset Management Limited11.99
SBI Magnum Children’s Benefit Fund-Investment PlanSBI Funds Management Limited11.32
SBI Magnum Children’s Benefit Fund-Savings PlanSBI Funds Management Limited9.42
Axis Children’s Gift FundAxis Asset Management Company Ltd.5.26

Mutual Fund For Child

The table below shows Mutual Fund For Children based on CAGR of 3 years.

NameAUMCAGR 3Y
SBI Magnum Children’s Benefit Fund-Investment Plan1504.9435.26
Tata Young Citizen Fund326.7719.31
ICICI Pru Child Care Fund-Gift Plan1062.9418.04
SBI Magnum Children’s Benefit Fund-Savings Plan102.5112.72
Aditya Birla SL Bal Bhavishya Yojna908.6712.40
LIC MF Children’s Gift Fund15.2111.63
Axis Children’s Gift Fund798.9210.80

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Best Mutual Fund For Child – FAQ

Which mutual funds are best for child?

Best Mutual Fund for Child #1: SBI Magnum Children’s Benefit Fund-Investment Plan

Best Mutual Fund for Child #2:ICICI Pru Child Care Fund-Gift Plan

Best Mutual Fund for Child #3: Aditya Birla SL Bal Bhavishya Yojna

Best Mutual Fund for Child #4: Axis Children’s Gift Fund

Best Mutual Fund for Child #5:  Tata Young Citizen Fund

These funds are listed based on the Highest AUM.

What are the top child mutual funds? 

The top 5  child mutual funds, determined by their 5-year Compound Annual Growth Rate (CSGR), include Tata Young Citizen Fund, ICICI Pru Child Care Fund-Gift Plan, Axis Children’s Gift Fund, LIC MF Children’s Gift Fund, and SBI Magnum Children’s Benefit Fund-Savings Plan.

Can you start a mutual fund for a child?

Yes, you can start a mutual fund for a child by opening a specific type of mutual fund account, like a Systematic Investment Plan (SIP) or a dedicated child plan. These funds are designed to help save for a child’s future financial needs, such as education or other expenses.

Is child mutual fund tax-free?

Child mutual funds do not typically offer tax exemptions. Gains from these funds are subject to taxation under capital gains tax rules. 

Can I invest in SIP for my child?

Yes, you can invest in a Systematic Investment Plan (SIP) for your child’s future financial goals. Many mutual funds offer child-specific investment options, helping you save and grow money systematically to fund expenses like education, marriage, or other long-term financial needs.

Introduction to Best Mutual Fund For Child

Mutual Fund For Child – AUM, NAV

SBI Magnum Children’s Benefit Fund-Investment Plan

The SBI Magnum Children’s Benefit Fund-Investment Plan is a hybrid mutual fund scheme offered by SBI Mutual Fund. It is presently overseen by fund managers Rama Iyer Srinivasan and Rajeev Radhakrishnan.

The SBI Magnum Children’s Benefit Fund-Investment Plan imposes a 2.0% exit load and has an expense ratio of 0.89%. Furthermore, the fund manages a significant amount of assets, with its Assets Under Management (AUM) totaling ₹ 1504.94 crore while carrying a very high level of risk.

The distribution of holdings includes Government Securities at 0.67%, REITs & InvIT at 1.89%, Cash & Equivalents at 14.36%, and Equity making up the majority at 83.07%.

ICICI Pru Child Care Fund-Gift Plan

ICICI Prudential Child Care Gift Fund Direct Plan is a hybrid mutual fund scheme offered by ICICI Prudential Mutual Fund. It is presently overseen by its fund managers, Lalit Kumar, Darshil Dedhia, and Rohit Lakhotia.

The ICICI Pru Child Care Fund-Gift Plan has no exit load, an expense ratio of 1.44%, a 5-year Compound Annual Growth Rate (CAGR) of 15.32%, and an Assets Under Management (AUM) of ₹ 1,062.94 crore. It’s important to note that this fund carries a very high level of risk despite its performance.

The shareholding pattern indicates the distribution of investments within the portfolio, with the majority allocated to equity holdings at 78.77%. Other significant components include government securities at 8.00%, corporate debt at 5.48%, cash and equivalents at 3.13%, rights at 2.61%, and an additional 2.01% in some other category.

Aditya Birla SL Bal Bhavishya Yojna

Aditya Birla Sun Life Bal Bhavishya Yojna is an equity mutual fund scheme provided by Aditya Birla Sun Life Mutual Fund. The fund is currently overseen by its fund managers Atul Penkar and Harshil Suvarnkar.

The fund in question carries no exit load, has an expense ratio of 0.71%, and manages assets totaling ₹ 908.67 crore. It’s important to emphasize that this fund is associated with a very high level of risk.

The fund in question carries no exit load, has an expense ratio of 0.71%, a 5-year Compound Annual Growth Rate (CAGR) of 0.0%, and manages assets totaling ₹ 908.67 crore. It’s important to emphasize that this fund is associated with a very high level of risk.

Best Mutual Fund For Child – Expense Ratio

Union Children’s Fund

Union Gilt Fund is a debt mutual fund scheme offered by Union Mutual Fund. The fund is presently overseen by its fund managers, Parijat Agrawal and Anindya Sarkar.

The mentioned fund has no exit load, an expense ratio of 0.79% and manages assets totaling ₹ 34.4 crore. It is crucial to emphasize that this fund carries a very high level of risk.

The mentioned fund has no exit load, an expense ratio of 0.79%, a 5-year Compound Annual Growth Rate (CAGR) of 0.0%, and manages assets totaling ₹ 34.4 crore. It is crucial to emphasize that this fund carries a very high level of risk.

SBI Magnum Children’s Benefit Fund-Savings Plan

SBI Magnum Children’s Benefit Fund – Savings Plan Direct is a hybrid mutual fund scheme offered by SBI Mutual Fund. The fund is currently overseen by its fund managers, Rama Iyer Srinivasan and Rajeev Radhakrishnan.

The fund carries an exit load of 3.0%, an expense ratio of 0.86%, a 5-year Compound Annual Growth Rate (CAGR) of 11.41%, and it manages assets totaling ₹ 102.51 crore. It’s worth noting that this fund is associated with a high level of risk.

The shareholding pattern consists of various asset categories, including cash and equivalents at 10.84%, equity at 23.08%, corporate debt at 25.45%, and government securities at 40.63%.

Axis Children’s Gift Fund

Axis Children’s Gift Fund Direct is a hybrid mutual fund scheme provided by Axis Mutual Fund. The fund is presently overseen by its fund managers Ashish Naik, R Sivakumar, Hardik Shah, and Jayesh Sundar.

The fund has an exit load of 3.0%, an expense ratio of 0.9%, a 5-year Compound Annual Growth Rate (CAGR) of 13.35%, and it manages assets totaling ₹ 798.92 crore. It’s worth noting that this fund carries a high level of risk.

The distribution of holdings includes various asset classes: Cash & Equivalents account for 0.67%, Futures & Options make up 2.24%, Corporate Debt comprises 6.28%, and Government Securities represent 17.31%, with the majority, 72.88%, invested in Equities.

SBI Magnum Children’s Benefit Fund-Savings Plan

SBI Magnum Children’s Benefit Fund – Savings Plan Direct is a hybrid mutual fund scheme offered by SBI Mutual Fund. The fund is currently overseen by its fund managers, Rama Iyer Srinivasan and Rajeev Radhakrishnan.

The fund carries an exit load of 3.0%, an expense ratio of 0.86%, a 5-year Compound Annual Growth Rate (CAGR) of 11.41%, and it manages assets totaling ₹ 102.51 crore. It’s worth noting that this fund is associated with a high level of risk.

The shareholding pattern consists of various asset categories, including cash and equivalents at 10.84%, equity at 23.08%, corporate debt at 25.45%, and government securities at 40.63%.

Axis Children’s Gift Fund

Axis Children’s Gift Fund Direct is a hybrid mutual fund scheme provided by Axis Mutual Fund. The fund is overseen by its fund managers Ashish Naik, R Sivakumar, Hardik Shah, and Jayesh Sundar.

The fund has an exit load of 3.0%, an expense ratio of 0.9%, a 5-year Compound Annual Growth Rate (CAGR) of 13.35%, and it manages assets totaling ₹ 798.92 crore. It’s worth noting that this fund carries a high level of risk.

The distribution of holdings includes various asset classes: Cash & Equivalents account for 0.67%, Futures & Options make up 2.24%, Corporate Debt comprises 6.28%, and Government Securities represent 17.31%, with the majority, 72.88%, invested in Equities.

Children’s Mutual Fund India – 5Y CAGR

Tata Young Citizen Fund

Tata Quant Fund is an equity mutual fund scheme offered by Tata Mutual Fund. The fund is currently overseen by its fund manager, Sailesh Jain.

The fund carries an exit load of 1.0%, has an expense ratio of 2.17%, a 5-year Compound Annual Growth Rate (CAGR) of 18.13%, and manages assets totaling ₹ 326.77 crore. It’s important to emphasize that this fund is associated with a very high level of risk.

The breakdown of ownership consists of 0.79% invested in REITs & InvIT, 4.27% in Cash & Equivalents, and a significant portion of 94.94% in Equity.

LIC MF Children’s Gift Fund

LIC MF Children’s Gift Fund Direct-Growth is a hybrid mutual fund scheme offered by LIC Mutual Fund.  The fund is overseen by its fund managers, Karan Doshi and Pratik Harish Shroff.

The fund carries no exit load, with an expense ratio of 1.85%. Over the past 5 years, it has shown a Compound Annual Growth Rate (CAGR) of 13.01%. Furthermore, the fund manages assets totaling ₹ 15.21 crore, and it’s essential to emphasize that it is associated with a very high level of risk.

The breakdown of the shareholding pattern is as follows: Cash & Equivalents account for 3.51%, Government Securities make up 9.97%, and the majority, at 86.52%, is in Equity holdings.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change over time.

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