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LIC MF Children's Gift Fund(G)

LIC MF Children's Gift Fund(G)
Dividend Yearly
NA
Category
Hybrid - Equity Oriented
52-week NAV high
17.43  (As on 31-08-2018)
52-week NAV low
15.06  (As on 26-10-2018)
Expense
2.61%  (As on 28-02-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 2.09 4.71 10.10 2.47 1.07 4.84 3.55 8.39 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Oct 16, 2001
Last Dividend
NA
Minimum Investment
5000

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.

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