Mutual Fund Returns :If you are thinking of doing financial planning for your children’s future, you can consider child mutual funds that give high returns. Mutual fund houses offer child mutual funds keeping children in mind. These child funds are also like common mutual funds, but their track record of giving returns is better. There are many child funds, which are giving high returns (SIP Return) in the long term, even 15 to 16 percent annual return. By investing some amount in such funds from the beginning through SIP, a large corpus can be created to support children for higher education or when they become adults.
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This scheme made Rs. 5000 SIP into Rs. 1.37 crore
HDFC Children’s Gift Fund has the highest long term SIP return. This fund has 23 years of SIP return data. During this period, the annualized return of the fund has been 16.51 percent. In this, if someone has done a monthly SIP of Rs 5000 with an upfront investment of just Rs 25000, then now he will have around Rs 1.37 crore.
Monthly SIP: Rs 5000
Upfront investment: Rs 25,000
Duration: 23 years
Annualized Return: 16.51%
Total investment in 23 years: Rs 14,05,000
Total value of SIP in 23 years: Rs 1,37,23,533
This scheme was launched on 2 March 2001. Since its launch, its return has been 16.74 percent annually. You can invest a minimum of Rs 100 in lump sum and Rs 100 through SIP. The total assets of this fund were Rs 9780 crore as of 31 July 2024, while the expense ratio was 1.74%.
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This scheme made Rs. 5000 SIP into Rs. 1.13 crore
The long term SIP return of ICICI Prudential Child Care Fund has also been high. Data of SIP returns for 23 years is available in this fund. During this period, the annualized return of the fund has been 15.21 percent. In this, if someone has done a monthly SIP of Rs 5000 with an upfront investment of just Rs 25000, then now he will have around Rs 1.13 crore.
Monthly SIP: Rs 5000
Upfront investment: Rs 25,000
Duration: 23 years
Annualized Return: 15.21%
Total investment in 23 years: Rs 14,05,000
Total value of SIP in 23 years: Rs 1,12,80,455
This scheme was launched on 31 August 2001. Since its launch, its return has been 16.24 percent annually. You can invest a minimum of Rs 5000 in lump sum and Rs 100 through SIP. The total assets of this fund were Rs 1364 crore as of 31 July 2024, while the expense ratio was 2.19%.
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29 year old scheme is also available in the market
Talking about child care fund, a 29-year-old scheme is also available in the market. Tata Young Citizens Fund has 29 years of SIP return data. During 29 years, this fund has given 13.51 percent annualized return. In this, if someone has done a monthly SIP of Rs 5000 with an upfront investment of just Rs 25000, then now he will have around Rs 1.93 crore. However, if we look at the return of 23 years, the total corpus is less than Rs 1 crore.
Monthly SIP: Rs 5000
Upfront investment: Rs 25,000
Duration: 29 years
Annualized Return: 13.51%
Total investment in 29 years: Rs 17,65,000
Total value of SIP in 29 years: Rs 1,92,70,129
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This scheme was launched on 14 October 1995. Since its launch, its return has been 13.50 percent annually. You can invest a minimum of Rs 500 in lump sum and Rs 500 through SIP. The total assets of this fund were Rs 383 crore as of 31 July 2024, while the expense ratio was 2.60%.
(Note: We have shown the past performance of the child fund here. There is no guarantee that the past performance will continue. It may or may not remain. Therefore, invest only after taking advice from a financial advisor.)
