The LIC MF Children’s Gift Fund - Regular Plan - Growth is offered by LIC Mutual Fund. This is an associate company of LIC of India, which is one of the most trusted brands in India’s insurance sector. LIC Mutual Fund was established in 1989.
The regular plan - growth scheme offers increased appreciation of capital over a period of time.
Investment Objective of LIC MF Children's Gift Fund-Regular Plan-Growth
The primary objective is to grow the capital over the long term through investments in equity and related securities. The secondary objective is the generation of returns consistently through investments in money and debt market securities.
Key Features of LIC MF Children's Gift Fund
Some of the significant features of the LIC MF Children's Gift Fund are as indicated in the table below:
|
Type of fund |
Open-ended with special focus on children, having a lock-in of 5 years to the age when child attains majority, whichever comes earlier. |
|
Plans available |
Regular Plan and Direct Plan options are available. |
|
Options under each plan |
Only the Growth option is available. |
|
Risk |
Moderately High |
|
Systematic Investment Plan |
Available |
|
Systematic Transfer Plan |
Available |
|
Systematic Withdrawal Plan |
Available |
Investment Amount for LIC MF Children's Gift Fund-Regular Plan-Growth
|
Minimum application amount |
Rs.5,000 and thereafter Rs.1 multiples |
|
Minimum additional investment |
Rs.500 and thereafter Rs.1 multiples |
|
Minimum installment for Systematic Investment Plan (SIP) |
Daily: Rs.300 and thereafter Re.1 multiples Monthly: Rs.1000 and thereafter Re.1 multiples Quarterly: Rs.3000 and thereafter Re.1 multiples |
|
Minimum installment for Systematic Withdrawal Plan (SWP) |
Rs.500 and thereafter Re.1 multiples after lock-in period is completed |
|
Entry Load |
Nil |
|
Exit Load |
Nil |
Asset Allocation for LIC MF Children's Gift Fund-Regular Plan-Growth
|
Instruments |
Indicative Allocations (Percentage of total assets) |
Risk Profile |
|
|
Minimum |
Maximum |
||
|
Equity and related instruments |
65% |
90% |
High |
|
Debt and money market |
10% |
35% |
Low to medium |
|
REITs and InviT |
0% |
10% |
Medium to high |
NAV Disclosure and Benchmark for LIC MF Children's Gift Fund-Regular Plan-Growth
NAV Calculation: The market value of the investments is added to the current assets. From this, the current provisions and liabilities are subtracted. This is divided by the per unit number of units that are outstanding to give the NAV.
NAV Disclosure: The NAV is disclosed on all business days in two daily newspapers. It will also be updated on the AMC and AMFI website.
Fund liquidity: Fund liquidity is allowed on all the business days.
Benchmark Index: CRISIL Hybrid 35 + 65 - Aggressive Index
LIC MF Children's Gift Fund-Regular Plan-Growth Fund Manager
The fund manager for the equity portfolio is Mr. Saravana Kumar, who is also the Chief Investment Officer of LIC Mutual Fund Asset Management Ltd. He has played a significant role in the financial sector in various capacities for 15 years. Mr. Marzban Irani is the fund manager for the debt portfolio. He has been the manager of this scheme since 2016. He is the Fund Manager, Fixed Income, of LIC Mutual Fund Asset Management Ltd.
Why you should Invest in LIC MF Children's Gift Fund-Regular Plan-Growth
The LIC MF Children's Gift Fund-Regular Plan-Growth is perfect to provide for long-term goals such as children’s higher education. Since it is a growth plan, it offers increased appreciation of capital over a longer period of time. The minimum lock-in period of 5 years ensures that the capital remains untouched and is given time to grow.
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.
