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