LIC MF Children's Gift Fund(G)-Direct Plan

LIC MF Children's Gift Fund(G)-Direct Plan
Dividend Yearly
NA
Category
Hybrid - Equity Oriented
52-week NAV high
19.59  (As on 28-11-2019)
52-week NAV low
16.62  (As on 10-12-2018)
Expense
1.39%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -0.06 7.20 4.48 15.26 2.88 5.63 7.56 5.96 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
5000

LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option is ideal for investors who are looking for both long-term capital appreciation as well as current income through investments in stocks and fixed income instruments. The unitholder of this investment plan should be an individual who is less than 18 years of age. The investments should be made by any other person in behalf of them until they reach majority.

While this scheme offers two plans namely Regular Plan and Direct Plan, the only investment option under both the plans is the Growth Option. This growth-oriented scheme also carries a lock-in period of a minimum of 5 years or until the unitholder reaches majority, whichever is earlier, after which the investor can opt for the SIP and SWP facilities. This mutual fund carries a moderately high risk factor, and doesn’t charge any exit load on the investors. In addition to offering tax benefits, this plan also provides a personal accident coverage for the unitholders up to 10 times the invested amount, subject to a maximum of Rs.3 lakh.

Investment Objective of LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option

The main objective of this mutual fund is to help investors generate capital growth while offering growth opportunities in the long term through investments in a diverse portfolio that comprises equity and equity-related securities. This scheme further aims to generate consistent returns with the help of investments in debt and money market securities. However, it is advisable to note that this scheme does not offer any assurance that this objective will be met and the plan will offer guaranteed returns.

Key Features of LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option

Some of the significant features of the LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option scheme are as indicated in the table below:

Type of fund

An open-ended scheme for investment for children, and has a lock-in for at least 5 years or until the child attains the age of majority.

Plans available

  • Regular Plan
  • Direct Plan

Please note that both the plans mentioned above should have a common portfolio.

Options under each plan

The only investment option available under both the Regular and the Direct Plan under this scheme is the Growth Option.

Risk

Moderately high

Systematic Investment Plan

Available after completion of lock-in period

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available after completion of lock-in period

Investment Amount for LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option

Check out the table below to find out about the various charges that are applicable to the LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option scheme:

Minimum application amount

Rs.5,000 and in multiples of Re.1 thereafter

Minimum additional investment

Rs.500 and subsequently in multiples of Re.1

Minimum installment for Systematic Investment Plan (SIP)

  • For daily investment - Rs.300 and in multiples of Re.1 thereafter
  • For monthly investment - Rs.1,000 and in multiples of Re.1 thereafter
  • For quarterly investment - Rs.3,000 and in multiples of Re.1 thereafter

Minimum installment for Systematic Withdrawal Plan (SWP)

Rs.500 for both monthly and quarterly plan

Entry Load

Not applicable

Exit Load

Nil

Asset Allocation for LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option

Instruments

Allocations (Percentage of total assets)

Risk Profile

Equity and equity-related instruments

65% to 90%

High

Debt and money market instruments

10% to 35%

Low to medium

Units issued by REITs and InvITs

0% to 10%

Medium to high

Please note that the cumulative gross exposure to debt, equity, money market derivatives, InvITs, and REITs shall not exceed 100% of the net asset of the mutual fund.

NAV Disclosure and Benchmark for LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option

NAV - Under this scheme, the asset management company (AMC) should compute the Net Asset Value (NAV) of units for all business days since this value will determine the rates for the redemption and switching of units. After computation, the NAV should be published in a minimum of 2 daily newspapers with circulation in India. The AMC should update the NAVs on its official website at www.licmf.com, as well as publish it on the Association of Mutual Funds in India (AMFI) website at www.amfiindia.com by 9:00 p.m. for each business day. Furthermore, the portfolio statement will also be displayed on the websites of the AMFI and the AMC.

Benchmark Index - The benchmark followed by LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option is Crisil Hybrid 35 + 65 - Aggressive Index.

LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option Fund Manager

The fund managers of LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option are Mr. Saravana Kumar and Mr. Marzban Irani. While Mr. Saravana handles the equity portfolio of this scheme, the debt portfolio of the same is managed by Mr. Marzban. Using their years of experience in the segment and expert market knowledge, these fund managers cater to the investors in this scheme by offering the right investment strategy based on their specific investment goals and risk-taking capacities.

Why You Should Invest in LIC Mutual Fund Children's Gift Fund - Direct Plan - Growth Option

  • This scheme offers long-term capital appreciation by investing in equity and equity-related securities in addition to regular returns through investments in debt and money market instruments.
  • This investment plan offers free personal accident coverage to the unitholders equal to 10 times the amount that is invested subject to a maximum of Rs.3 lakh.
  • This mutual fund is available for children who are less than 18 years of age as on the date of the investment by the investor or applicant.
  • Customers can avail the SIP, SWP, and STP facilities available under this plan. However, it should be noted that the SIP and SWP facilities are available only after the completion of the lock-in period.
  • This scheme does not carry any exit load.
  • This plan makes a great gift for a minor as it allows the investor to save for the future of the unitholder.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

GST rate of 18% applicable for all financial services effective July 1, 2017.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.