HDFC Childrens Gift Saving Direct Plan

HDFC Childrens Gift Saving Direct Plan is a Hybrid Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 10 Dec 1999. Chirag Setalvad is the Current Fund Manager of HDFC Childrens Gift Saving Direct Plan fund. The fund currently has an Asset Under Management(AUM) of ₹8,75,194 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 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. ;