Fund Details
HDFC Childrens Gift Fund Saving Plan
| Risk | Moderate |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 2.69% |
| NAV | ₹44.07 (18 Oct 2017) |
|---|---|
| Fund Started | 02 Mar 2001 |
| Fund Size | ₹0 Cr |
Returns
Comparison
1. Age is more than 10 years
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 2.69%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Current Assets | Current Assets | Current Assets | 11.7% |
| 8.15 GOI Jun 11 2022 | Sovereign | Gilt | 10.6% |
| 8.12 GOI Dec 10 2020 | Sovereign | Gilt | 10.1% |
| 8.28 GOI Sep 21 2027 | Sovereign | Gilt | 8.4% |
| 9 Tata Motors Finance Ltd. Jun 28 2018 | Financial Services | Debentures | 8.3% |
| 9.9 Tata Sons Ltd. Mar 20 2024 | Financial Services | Debentures | 5.1% |
| 8.83 GOI Nov 25 2023 | Sovereign | Gilt | 4.5% |
| 8.3 GOI Jul 2 2040 | Sovereign | Gilt | 3.4% |
| 9.24 Vedanta Ltd. Dec 6 2022 | Metals | Debentures | 2.8% |
| 8.2 GOI Feb 15 2022 | Sovereign | Gilt | 2.4% |
Fund Managers
HDFC Childrens Gift Fund Saving Plan Details
HDFC Childrens Gift Fund Saving Plan is a Solution Oriented Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 02 Mar 2001. Chirag Setalvad is the Current Fund Manager of HDFC Childrens Gift Fund Saving Plan fund.The fund currently has an Asset Under Management(AUM) of ₹0 Cr and the Latest NAV as of 18 Oct 2017 is ₹44.07.
The HDFC Childrens Gift Fund Saving Plan is rated Moderate risk. Minimum SIP Investment is set to 500. For units subject to lock-in period NIL. Exit load of 3% if units are redeemed within 1 year, 2% if redeemed within 1 and 2 year, 1% if redeemed within 2 and 3 year.
Investment Objective
The scheme aims at generating steady long-term returns and maintaining relatively lower levels of risk by investing around 80 to 100 percent of its assets in debt related instruments and around 0 to 20 percent in equities. Only children below 18 years of age are eligible to apply in this scheme.
Tax Implications
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).
