We are pleased to provide you an opportunity to invest in HDFC Children's Gift – Invest Plan, an equity oriented balanced fund with a mandate to generate long term returns and controlling risk by investing 40-75% of its assets in equities and the remaining in high quality debt instruments. Although there are various insurance schemes available in the market in the form Child Plans, a mutual fund scheme like HDFC Children's Gift Fund is a low cost investment avenue compared to pure insurance products.
Fund Overview:
HDFC Children's Gift Fund is primarily targeted at parents saving for their children's higher education requirements. It is an open ended scheme available for sale and redemption on a continous basis. However, investors can also opt for lock-in till the child attains 18 years of age or completion of 3 years from the date of allotment whichever is later. It allows the investors to set aside a portion of their savings which cannot be withdrawn by virtue of the lock-in period. For investors worried about their investment discipline, this is certainly an advantage. It also creates a separate portfolio consistent with a particular investment objective i.e. the education of their children. The fund's asset allocation pattern enables the investors to generate a long term corpus for a specific purpose while offering significant downside protection.
Fund v/s Benchmark:
|
| 6 months | 1 Year | 3 Years | 5 Years | Since Inception |
| HDFC Children's Gift - Invest Plan | 20.13 | 42.05 | 11.70 | 16.79 | 19.39 |
| Crisil Balanced Index | 10.11 | 19.13 | 3.95 | 16.09 | NA |
Returns < 1 year absolute and > 1 year compounded annualised
#4 | 2nd Floor | Khaitan Chambers | Modi Street |Mumbai.
(022 – 30268502 | Mobile: (+91) 9769733071 | 7 Fax 022- 30268500
* abhijit@sprism.in | website: www.sprisminvest.com
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