Children's future on your mind?
HDFC Children's Gift Fund may be a perfect choice.
by Rajeev Pathak
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Image courtesy: pexels-A- Darmel
Hey! Mom-Dad, Dada-Dadi & Nana- Nani,
Is investment for children/grandchildren on your mind?
Then, the HDFC Children's Gift Fund may be a good option.
If you are planning to invest for the future of your
children or grand-children, then this post is for you. As the inflation
is rising at the rate of 7 to 8% (pa) per annum, there is a need to find an option
that has the potential to give at least 12% pa or more. After studying a couple of
schemes, I have identified one, and the details of this Scheme are as under:
The name of the scheme is HDFC Children's Gift Fund. It is an
open-ended scheme with a lock-in period of a minimum of 5 years or until the
child attains the age of majority, whichever is earlier.
The Scheme was launched on 2nd March 2001. The Fund's current AUM (Assets under management) is around Rs.9,800 crore. Shri Chirag
Setalvad and Shri Anil Bamboli are fund managers who have 27 and 30 years
of experience respectively.
The Fund is a hybrid scheme that invests around 65% of its
funds in Equity or equity-related products and the remaining 35% in debt instruments
like Government Bonds.
The Top 10 equity holdings of the Fund are ICICI Bank, HDFC
Bank, L&T, Reliance, Voltamp Transformers, Infosys, Finolex Cables, State
Bank of India, and Kotak Mahindra Bank. Total
equity investment is 65.69%.
In the Debt portfolio, the Fund has major investments
(23.41%) in Government of India Bonds of different maturities and the remaining
money is with top corporate bodies in the public and private sectors.
Performance-SIP Returns:
If you started investing Rs. 10,000 every month in this Fund
since its launch in 2001, your own investment is Rs. 28.10 lakh and its current
market value (CMV) is Rs. 2.7754 crores. The Fund has given 23.64%, 22.74%, and 16.56% returns in 3 years,
5 years, and since inception.
Performance-Lumpsum Returns:
If you made a lumpsum (one-time) investment of Rs. 10,000 at
the launch of the Scheme in 2001, the CMV of your investment is Rs. 3.7857 lakh
as of 31st July 2024.
Please note that the past performance is only given for
information purpose and the same may or may not be sustained in the future.
Who can invest?
As per current rules, investments in mutual funds can be
made in the name of minors by their parents/ natural/legal guardians only. At
the time the child attains the age of majority (18 years), the status of
the investment will be changed from Minor to Major and the child will have to
submit his/her KYC documents then.
How to invest?
The Investment links are given below for your convenience and ready use.
HDFC Children Fund-Lumpsum Investment
HDFC Children Fund-SIP Investment
Your queries/feedback may be posted in the Comment Box.
Contact: boirajeev@gmail.com
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