The table below shows the Mutual Fund For Child based on AUM, NAV, and minimum SIP.
| Name | AUM (Cr) | Minimum SIP (Rs) | NAV (Rs) |
| SBI Magnum Children’s Benefit Fund-Investment Plan | 1504.94 | 5000.0 | 32.24 |
| ICICI Pru Child Care Fund-Gift Plan | 1062.94 | 500.0 | 287.87 |
| Aditya Birla SL Bal Bhavishya Yojna | 908.67 | 100.0 | 18.53 |
| Axis Children’s Gift Fund | 798.92 | 100.0 | 24.81 |
| Tata Young Citizen Fund | 326.77 | 100.0 | 59.91 |
| SBI Magnum Children’s Benefit Fund-Savings Plan | 102.51 | 500.0 | 99.7 |
| Union Children’s Fund | 34.4 | 100.0 | 10.22 |
| LIC MF Children’s Gift Fund | 15.21 | 3000.0 | 31.96 |
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
- Children’s Mutual Fund India
- Best Mutual Fund For Child Future In India
- Top Child Mutual Fund
- Best SIP For Child
- Mutual Fund For ChildÂ
- Mutual Fund For Child – FAQ
- Introduction to Mutual Fund For Child
Top Child Mutual Fund
The table below shows the Best Mutual Fund For Children based on lowest to highest expense ratio.
| Name | Expense Ratio % |
| Aditya Birla SL Bal Bhavishya Yojna | 0.71 |
| Union Children’s Fund | 0.79 |
| SBI Magnum Children’s Benefit Fund-Savings Plan | 0.86 |
| SBI Magnum Children’s Benefit Fund-Investment Plan | 0.89 |
| Axis Children’s Gift Fund | 0.9 |
| ICICI Pru Child Care Fund-Gift Plan | 1.44 |
| LIC MF Children’s Gift Fund | 1.85 |
| Tata Young Citizen Fund | 2.17 |
Children’s Mutual Fund India
The table below shows Children’s Mutual Fund India based on the Highest 5Y CAGR.
| Name | CAGR 5Y (Cr) |
| Tata Young Citizen Fund | 18.13 |
| ICICI Pru Child Care Fund-Gift Plan | 15.32 |
| Axis Children’s Gift Fund | 13.35 |
| LIC MF Children’s Gift Fund | 13.01 |
| SBI Magnum Children’s Benefit Fund-Savings Plan | 11.41 |
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.
| Name | Exit Load % | AMC |
| LIC MF Children’s Gift Fund | 0.0 | LIC Mutual Fund Asset Management Limited |
| ICICI Pru Child Care Fund-Gift Plan | 0.0 | ICICI Prudential Asset Management Company Limited |
| Aditya Birla SL Bal Bhavishya Yojna | 0.0 | Aditya Birla Sun Life AMC Limited |
| Union Children’s Fund | 0.0 | Union Asset Management Company Pvt. Ltd. |
| Tata Young Citizen Fund | 1.0 | Tata Asset Management Private Limited |
| SBI Magnum Children’s Benefit Fund-Investment Plan | 2.0 | SBI Funds Management Limited |
| SBI Magnum Children’s Benefit Fund-Savings Plan | 3.0 | SBI Funds Management Limited |
| Axis Children’s Gift Fund | 3.0 | Axis 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.
| Name | AMC | Absolute Returns – 1Y % |
| ICICI Pru Child Care Fund-Gift Plan | ICICI Prudential Asset Management Company Limited | 31.97 |
| Tata Young Citizen Fund | Tata Asset Management Private Limited | 29.16 |
| SBI Magnum Children’s Benefit Fund-Investment Plan | SBI Funds Management Limited | 28.8 |
| Aditya Birla SL Bal Bhavishya Yojna | Aditya Birla Sun Life AMC Limited | 26.31 |
| LIC MF Children’s Gift Fund | LIC Mutual Fund Asset Management Limited | 22.93 |
| SBI Magnum Children’s Benefit Fund-Savings Plan | SBI Funds Management Limited | 17.45 |
| Axis Children’s Gift Fund | Axis 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.
| Name | AMC | Absolute Returns – 6M % |
| ICICI Pru Child Care Fund-Gift Plan | ICICI Prudential Asset Management Company Limited | 20.36 |
| Tata Young Citizen Fund | Tata Asset Management Private Limited | 14.65 |
| Aditya Birla SL Bal Bhavishya Yojna | Aditya Birla Sun Life AMC Limited | 12.99 |
| LIC MF Children’s Gift Fund | LIC Mutual Fund Asset Management Limited | 11.99 |
| SBI Magnum Children’s Benefit Fund-Investment Plan | SBI Funds Management Limited | 11.32 |
| SBI Magnum Children’s Benefit Fund-Savings Plan | SBI Funds Management Limited | 9.42 |
| Axis Children’s Gift Fund | Axis Asset Management Company Ltd. | 5.26 |
Mutual Fund For Child
The table below shows Mutual Fund For Children based on CAGR of 3 years.
| Name | AUM | CAGR 3Y |
| SBI Magnum Children’s Benefit Fund-Investment Plan | 1504.94 | 35.26 |
| Tata Young Citizen Fund | 326.77 | 19.31 |
| ICICI Pru Child Care Fund-Gift Plan | 1062.94 | 18.04 |
| SBI Magnum Children’s Benefit Fund-Savings Plan | 102.51 | 12.72 |
| Aditya Birla SL Bal Bhavishya Yojna | 908.67 | 12.40 |
| LIC MF Children’s Gift Fund | 15.21 | 11.63 |
| Axis Children’s Gift Fund | 798.92 | 10.80 |
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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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