HDFC Childrens Gift Saving Direct Plan is a Solution Oriented Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Chirag Setalvad is the Current Fund Manager of HDFC Childrens Gift Saving Direct Plan.The fund currently has an Asset Under Management(AUM) of ₹109 Cr and the Latest NAV as of 30 Dec 2016 is ₹42.31.
The HDFC Childrens Gift Saving Direct Plan is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. 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
Aims to generate long term capital appreciation.
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).
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
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.
Exit Load