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An open ended equity oriented fund aiming to secure your child's future
- An open ended equity oriented fund aiming to secure your child's future.
- The scheme is well suited for investors looking to secure their children’s future with an equity inclined portfolio.
- The scheme will have a lock in period of 5 years from the date of allotment of units or till the child attaining 18 years of age (whichever is earlier).
- The scheme has the potential to build corpus over a period of time.
- Investors may choose to invest on regular basis through Systematic Investment Plan (SIP) which aids in maintaining discipline in investing and benefitting from the power of compounding.
Nil
Redeem/SIP/Switch
Not Applicable
Equity & equity related instruments: 70-100% (Medium to High) Debt and Money Market instruments (including securitised debt)*: 0-30% (Low to Medium) Units issued by REITs &InvITs: 0-10% (Medium to High) * The fund may invest up to 50% of its debt portfolio in securitized debt
The primary objective of the scheme is to invest predominantly in debt and money market instruments and part of the portfolio into equity & equity related securities with a view to generating income and aim for capital appreciation.
However, there is no assurance or guarantee that the investment objective of the Scheme would be achieved.
An open ended equity oriented fund aiming to secure your child's future
An open ended fund for investment for children having a lock in for at least 5 years or till the child attains age of majority (whichever is earlier)
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The Fund invests predominantly in equity shares of well-established businesses run by seasoned managements
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Focuses on sustainable businesses coupled with transformational and cyclical opportunities, therefore follows a blend style of investing in both growth and value oriented businesses
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A well-diversfied portfolio that aims to invest across the sectors and market capitalisation
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The fund enables to accumulate, compound wealth over time and aim to meet the long-term financial goals such as child's education etc.
This product is suitable for investors who are seeking*:
- Long term capital appreciation. Investment in equity instruments (above 70%) and debt instruments.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
- Investors with a high risk appetite looking for an equity oriented portfolio
- Investors looking to secure their child's future by investing in a portfolio having potential for wealth creation over medium to long term
An open ended fund for investment for children having a lock in for at least 5 years or till the child attains age of majority, whichever is earlier
A child career fund which endeavours to secure your child's future financial needs. Investing in this fund enables to save regularly/ through lumpsum investments for your child’s future needs like higher education, marriage expenses etc. There are two options to choose from based on the risk preference, UTI Children's Career Fund Investment Plan - invests predominantly in equity & equity related instruments and UTI Children's Career Fund Savings Plan - invests predominately in debt & debt related instruments.
UTI Children's Career Fund - Investment Plan has generated 12.68% CAGR since inception of scheme in Jan 30, 2008 as against the benchmark index (Nifty 500 TRI) of 10.72% CAGR as of September 30, 2021. The past performance may or may not be sustained in the future. For more details on performance click here
Investors can simply log in to UTI Mutual Fund and start investing subject to KYC compliance. Investors may also approach nearest UTI Financial Centers (UFCs). Alternatively, you may also approach your mutual fund distributor, financial advisor or various online platform for investments.
The NAV of UTI Children's Career Fund - Investment Plan - Regular Plan - Growth is Rs.60.5021 as of September 30, 2021. To view the NAV history of the fund click here
On redemption of investments of UTI Children's Career Fund - Investment Plan, capital gains are taxed as below: The Fund will attract capital gains tax if the redemption value is more than the purchase price. The gains are taxed as Short-Term Capital Gains (STCG) at the time of redemption, if the units are held for less than 12 months. If the units are held for 12 months or more, the gains are taxed as Long-Term Capital Gains (LTCG). As per the current tax laws, STCG is taxed at 15% (plus surcharge and cess), while LTCG is taxed at 10% (plus applicable surcharge and cess) without any indexation benefit. The taxable gains are calculated directly by deducting the investment cost from the redemption proceeds. Further, investors can avail an exemption of Rs. 1 lakh every year for LTCG from equity shares and equity-oriented mutual funds in aggregate. Under scholarship option of the fund, where the scholarship is paid to the beneficiary after he / she attains the age of 18 years to meet cost of his / her education. The scholarship granted to meet the cost of education does not form part of the total income of the beneficiary under section 10(16) of the Income Tax Act, 1961 so long as education is not discontinued by the beneficiary.
UTI Children's Career Fund - Investment Plan is an open ended scheme which aids investors looking to secure their child’s future with an equity inclined portfolio. The portfolio composition for the scheme is a mix of 70–100% equity and 0–30% debt.
The primary objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across the market capitalization spectrum.