mutual SIP Funds has fulfilled the dreams of many people. SIP can play an important role in fulfilling not only your dreams but also the dreams of your children. If your child is still young, you can start SIP for him from now on. By doing this, your child will not face any money problem later for his family or any other needs like education and relocation. Let us tell you that mutual fund companies also run children’s fund schemes specially designed for children.
You get many different benefits from investing in a children’s fund.
Let us tell you that Children Fund has many great benefits. There is the benefit of tax exemption on returns received from investments made in children’s funds. In this, to maximize the benefits of indexing, minimum charges are also charged. If you invest in a children’s fund, you can also get tax exemption on your income under section 80C. Let us tell you that children’s funds have a lock-in period of 5 years. Please note that a part of the investment made in such funds is also invested in the stock market, so there is also a large market risk in such funds.
This fund has given the highest profitability in the last 10 years
A similar direct scheme of HDFC Childrens Gift Fund has given a return of 14.56 per cent in the last 10 years, which is the highest in this category. This fund has also given the highest return of 19.32 percent in the last 5 years. In the last 3 years, SBI Magnum Children’s Benefit Fund Direct Plan has given the highest return of 19.14 percent. Mutual fund companies invest in this category of funds in both the stock market and bonds.
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