Children’s Day Special:On the occasion of Children’s Day on 14th November, you can make a new beginning by taking necessary steps for the better financial future of your children. For this, investing in a children’s plan specially designed for children can also be an option. The Children’s Fund, which has given the best returns in the country, has given profits of about 35% during the last one year. You can check the details of these funds below.
Children’s funds giving best returns in 1 year
We have taken the data of all the children’s funds giving the best returns in a year from the Association of Mutual Funds in India (AMFI) and are updated till 13 November 2024. We have included only those funds whose annual return is more than 20 percent and asset under management is more than Rs 300 crore.
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1. SBI Magnum Children’s Benefit Fund – Investment Plan
1 Year Return (Direct Plan): 34.94%
Benchmark Index: CRISIL Hybrid 35+65 Aggressive Index
Benchmark index return: 20.94%
Asset Under Management (AUM): Rs 2,753.75 crore
2. ICICI Prudential Child Care Fund-Gift Plan
1 Year Return (Direct Plan): 29.51%
Benchmark Index: NIFTY 50 Hybrid Composite Debt 65:35 Index
Benchmark index return: 17.97%
Asset Under Management (AUM): Rs 1,293.82 crore
3.UTI Children’s Equity Fund
1 Year Return (Direct Plan): 25.29%
Benchmark Index: NIFTY 500 Total Return Index
Benchmark index return: 27.72%
Asset Under Management (AUM): Rs 1,102.63 crore
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4. HDFC Children’s Gift Fund
1 Year Return (Direct Plan): 23.76%
Benchmark Index: NIFTY 50 Hybrid Composite Debt 65:35 Index
Benchmark index return: 17.97%
Asset Under Management (AUM): Rs 9,640.62 crore
5. Aditya Birla Sun Life Bal Bhavishya Yojana
1 Year Return (Direct Plan): 22.63%
Benchmark Index: NIFTY 500 Total Return Index
Benchmark index return: 27.72%
Asset Under Management (AUM): Rs 1,074.23 crore
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6. Axis Children’s Fund
1 Year Return (Direct Plan): 21.40%
Benchmark Index: NIFTY 50 Hybrid Composite Debt 65:35 Index
Benchmark index return: 17.97%
Assets Under Management (AUM): Rs 891.29 crore
7. Tata Young Citizens Fund
1 Year Return (Direct Plan): 20.90%
Benchmark Index: NIFTY 500 Total Return Index
Benchmark index return: 27.72%
Assets Under Management (AUM): Rs 365.84 crore
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Keep in mind the risk level
The risk level of all the schemes given above is very high on the riskometer. However, there are some hybrid funds also, which you can guess by looking at the name of the scheme and the benchmark index. But due to high equity exposure, they have also been kept in very high risk level.
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What else to check before investing
If you want to start investing for your children on the occasion of Children’s Day and are planning to invest money in a children’s fund, then before taking any decision, get complete information about the scheme. If any fund is a hybrid scheme, then check what is the share of equity and debt in it. Investing in debt makes the fund comparatively more stable. Apart from this, you can also know how successful the investment strategy of that fund has been by comparing the returns of a scheme with the returns of the benchmark index. Before taking any decision, keep in mind the risk level of that scheme and your risk appetite. Also, be prepared to invest for the long term, only then you will be able to lay the foundation of a better financial future for your children.
(Disclaimer: The purpose of this article is only to provide information, not to recommend investment in any scheme. Take investment decisions only after taking the advice of your investment advisor.)
