In today’s competitive world, Mutual Fund SIPs have made many dreams come true. SIPs can play a significant role not only in achieving your goals but also in fulfilling your children’s aspirations. If your child is young, starting an SIP now can secure their future financially. This fund can help with education, relocation, or any major need later in life. Additionally, mutual fund companies offer special children’s fund schemes tailored to meet the specific needs of young investors.
Benefits of Investing in Children’s Funds
Children’s funds offer several promising benefits. Investments in these funds provide tax benefits on the returns under Section 80C. To maximize indexation benefits, these funds charge minimal fees. The investment comes with a 5-year lock-in period. A portion of the investment is allocated to the stock market, so it carries market risks.
Highest Returns in the Last Decade
The HDFC Children’s Gift Fund Direct Plan has delivered the highest return in its category in the last 10 years, with a return of 14.56%. In the last 5 years, it offered 19.32%, while in the last 3 years, the SBI Magnum Children’s Benefit Fund Direct Plan saw a return of 19.14%. Mutual fund companies invest in both the stock market and bonds for this category.
How to Apply for HDFC Children’s Gift Fund Direct Plan
Online via HDFC MF Website:
Visit the HDFC Mutual Fund website.
Log in with your account or create a new one.
Search for “HDFC Children’s Gift Fund Direct Plan.”
Complete the KYC process if not done already.
Fill in investment details and submit payment.
Through a Mobile App:
Use apps like HDFC MF Online, Groww, or Zerodha.
Follow similar steps as above.
Through an Advisor:
To apply for the HDFC Children’s Gift Fund Direct Plan, you can visit the nearest HDFC Mutual Fund branch. Then you can contact a registered mutual fund advisor to help with the paperwork.
Disclaimer: For any financial investment anywhere on your responsibility, Times Bull will not be responsible for it.
Avijit Das
A sports journalist driven by passion and dedication, I seamlessly blend my love for writing and sports. Currently with Timesbull, I have honed my craft at Sportskeeda, Cricreads, and Athlete Fortune. I live and breathe sports—whether it's football, cricket, cards, or chess, I'm always up for a challenge. A die-hard...
