|Min SIP Amount||₹1000|
|NAV||₹17.20 (12 May 2021)|
|Fund Started||08 Dec 2015|
|Fund Size||₹581 Cr|
|Bajaj Finance Ltd.||Financial||Equity||5.6%|
Axis Children's Gift Fund Regular Compulsory Lock In IDCW is a Solution Oriented Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 08 Dec 2015. R Sivakumar, Ashish Naik is the Current Fund Manager of Axis Children's Gift Fund Regular Compulsory Lock In IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹581 Cr and the Latest NAV as of 12 May 2021 is ₹17.20.
The Axis Children's Gift Fund Regular Compulsory Lock In IDCW is rated Very High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 3% if units are redeemed within 1 year, 2% if redeemed after 1 year but within 2 years and 1% if redeemed after 2 years but within 3 years.
The scheme seeks to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments.
If average equity holding is >65%, returns are taxed at 15% (redeemed before one year) and 10% (After 1 year as per LTCG). If average equity holding is <65%, returns are taxed as per your Income Tax slab (redeemed before 3 years) and 20% with indexation benefit (post 3 years).