|Min SIP Amount||₹1000|
|NAV||₹17.29 (22 Sep 2020)|
|Fund Started||12 Nov 2001|
|Fund Size||₹12 Cr|
|HDFC Bank Ltd.||Financial||Equity||8.7%|
|ICICI Bank Ltd.||Financial||Equity||6.6%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||6.0%|
|Tata Consultancy Services Ltd.||Technology||Equity||5.5%|
|Nestle India Ltd.||FMCG||Equity||5.0%|
|SBI Life Insurance Company Ltd.||Financial||Equity||3.1%|
|Coromandel International Ltd.||Chemicals||Equity||3.1%|
|Sanofi India Ltd.||Healthcare||Equity||3.1%|
|Hindustan Unilever Ltd.||FMCG||Equity||2.8%|
LIC MF Children's Gift Fund Growth is a Solution Oriented Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 12 Nov 2001. Marzban Irani, Ramnath Venkateswaran is the Current Fund Manager of LIC MF Children's Gift Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹12 Cr and the Latest NAV as of 22 Sep 2020 is ₹17.29.
The LIC MF Children's Gift Fund Growth is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
The scheme seeks to provide long term growth of capital through a judicious mix of investments mainly in quality debt securities with relatively low level of risks.
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).