· HDFC CGF-Investment Plan - Investment in equity and equity related instruments as well as debt and money market instruments, with an asset allocation pattern on 40-75% in equity and equity linked instruments and 25-60% in debt securities, money market instruments. Investment plan seeks to generate long term returns while maintaining risk under control.
· HDFC CGF-Savings Plan - Investment in debt and money market instruments as well as equity and equity related instruments, with an asset allocation pattern on 0-20% in equity and equity linked instruments and 80-100% in debt securities, money market instruments. Savings plan seeks to generate steady long term returns with relatively low levels of risk.
· The primary objective on both the plans offered under the scheme is to generate long term capital appreciation.
· Children less than 18 years of age as on date of investment are eligible for investment into both the schemes.
· Unique scheme which allows an adult to gift units to a child
· Promotes long term investing which can be linked to goals like children education, marriage expenses etc.
· Personal accident insurance cover for parent/legal guardian (up to the age of 80 years) of the unit holder, equivalent to 10 times the cost value of outstanding units held by unit holder, subject to a maximum amount of Rs. 10 lakhs per unit holder
The HDFC Children's Gift Fund has been in operation for over 15 years now and given below is its track record: .
Name of the Fund | Type | Market Value of Rs. 10,000 invested at inception* | CAGR* |
HDFC Children's Gift Fund – Investment Plan | Equity Oriented | Rs. 1,21,910 | 17.40% |
HDFC Children's Gift Fund – Savings Plan | Debt Oriented | Rs. 53,033 | 11.29% |
* Data as on 30th September 2016. Fund inception date: 2nd March 2001.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
------------------------------