LIC MF Children's Gift Fund Growth is a Solution Oriented Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 12 Nov 2001. Marzban Irani, Ramnath Venkateswaran is the Current Fund Manager of LIC MF Children's Gift Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹12 Cr and the Latest NAV as of 23 Aug 2019 is ₹16.7.
The LIC MF Children's Gift Fund Growth is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
Seeks to generate long term capital appreciation through a judicious mix of quality debt and equity instruments at relatively low risk levels.
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
₹500
Min for Second Investment