Fund Details
HDFC Childrens Gift Saving Direct Plan
| Risk | Moderate |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 1.79% |
| NAV | ₹42.31 (30 Dec 2016) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹0 Cr |
Returns
Comparison
Found nothing so far.
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 1.79%
Fund Managers
HDFC Childrens Gift Saving Direct Plan Details
HDFC Childrens Gift Saving Direct Plan is a Solution Oriented Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 01 Jan 2013. 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 ₹0 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.
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).
