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With 27.26% SIP Returns In 5 Years, You Can Consider This Children Fund Saving Plan For SIP
You don't want your child's future and goals to be hampered by a lack of financial resources as a parent, which is why safeguarding your child's financial future should be your top priority as soon as you become a parent. It is essential to choose a child life insurance plan or a children's mutual fund savings plan that will assist your child financially in the case of an emergency.
Why should you invest in Children's Mutual fund Savings Plans?
Mutual Fund Children's plans are a great place to start saving for your child's future. Investing in mutual fund children's funds through SIP is one of the best ways to start saving for your child's future. This allows you to save a certain amount of money on a regular basis.
With SIP you can invest a fixed amount in mutual funds, on frequencies like weekly, monthly, or quarterly thus encouraging regular savings and also earning the benefits of the power of compounding.
These mutual funds are best to stay invested for a longer period of time and to create wealth for your child's secure future.
UTI Children's Career Fund- Savings Plan - Direct Plan
It is a Balanced Hybrid children's mutual fund scheme from the house of UTI Mutual Fund. It is an open-ended medium-sized children's fund. The Assets Under Management of the fund as of 28 February 2022 is Rs 4,147 Crore, and the NAV declared on 21st march 2022 is Rs 20.4634.
The fund has an expense ratio of 1.61%, which is higher than its category average expense ratio and what other funds charge in the category. This is highly risky Fund to invest.
You can expect good returns that outperform inflation and fixed income alternatives if you invest for five years or more either through SIP or One- time. However, it doesn't offer guaranteed returns.
Absolute And Annualised Returns
Lump-Sum Investment Returns
The fund has offered 12.78% returns in the last 1 year, and 10.39% annual average returns since its inception. It has poured 148.85% absolute returns since its inception.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 12.85% | 12.78% |
| 2 Year | 46.44% | 20.98% |
| 3 Year | 31.67% | 9.59% |
| 5 Year | 46.01% | 7.86% |
| Since Inception | 148.85% | 10.39% |
SIP Investment Returns
| SIP Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 4.40% | 8.29% |
| 2 Year | 16.44% | 15.41% |
| 3 Year | 21.75% | 13.22% |
| 5 Year | 27.26% | 9.58% |
Portfolio And Holdings
The fund has a 39.54 percent stake in Indian equities, with 18.57 percent in large-cap companies, 7.02 percent in mid-cap stocks, and 5.85 percent in small-cap stocks. The fund has a debt investment of 43.19 percent, with 22.69 percent in government securities and 18.81 percent in funds with extremely low-risk securities.
The fund's debt part has a low credit rating, meaning that the borrowers to whom it has given money are not of high quality. The financial, technology, services, automobile, and consumer staples sectors make up the majority of the fund's stock holdings. In comparison to other funds in the category, it has less exposure to the Financial and Technology industries.
GOI, Gujarat State, ICICI Bank Ltd., Infosys Ltd., and Tamil Nadu State are the fund's top five holdings.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
