CHILD'S FINANCIAL PLANNING WITH MUTUAL FUNDS

Rising Costs

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Children Specific Mutual Funds

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SIP Value

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SIP Tenure

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HDFC Childrens Gift Fund

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SBI Magnum Childrens Benefit Fund – Savings Plan

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UTI CHILDREN’S CAREER FUND – Investment Plan

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LIC MF Childrens Gift Fund

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Tata Young Citizen Fund

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ICICI Pru Child Care Gift Fund (Gift Plan) - Cumulative

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Recurring Bank Deposit

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Mutual Funds vs RD

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CHILD'S FINANCIAL PLANNING WITH MUTUAL FUNDS

Rising Costs

Education Inflation is very high Today Child’s one year education cost is equal to Parents lifetime education cost.

Children Specific Mutual Funds

There are thematic Mutual Funds which focus exclusively on Child Benefit Let us look at 6 such Funds.

SIP Value

Assuming a parent does a monthly SIP of Rs. 10,000 for 10 Years to fund the Child’s higher education.

SIP Tenure

SIP Start Date | 3 Sept 2012 SIP End Date | 3 Aug 2022 Current Value | 3 Aug 2022

HDFC Childrens Gift Fund

Total Investment | Rs. 12 lakhs Current Value | Rs. 24.91 lakhs Annualised Returns | 14.19%

SBI Magnum Childrens Benefit Fund – Savings Plan

Total Investment | Rs. 12 lakhs Current Value | Rs. 21.34 lakhs Annualised Returns | 11.25%

UTI CHILDREN’S CAREER FUND – Investment Plan

Total Investment | Rs. 12 lakhs Current Value | Rs. 24.07 lakhs Annualised Returns | 13.54%

LIC MF Childrens Gift Fund

Total Investment | Rs. 12 lakhs Current Value | Rs. 18.47 lakhs Annualised Returns | 8.49%

Tata Young Citizen Fund

Total Investment | Rs. 12 lakhs Current Value | Rs. 21.60 lakhs Annualised Returns | 11.48%

ICICI Pru Child Care Gift Fund (Gift Plan) - Cumulative

Total Investment | Rs. 12 lakhs Current Value | Rs. 21.59 lakhs Annualised Returns | 11.48%

Recurring Bank Deposit

Total Investment | Rs. 12 lakhs Current Value | Rs. 18.36 lakhs Annualised Returns | 8%

Mutual Funds vs RD

Mutual Funds have done much better than traditional Bank Recurring Deposits and Investors should consider Mutual Funds while planning for their Child’s future financial planning.

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