She posted on social media, “One of the things I’ve been talking about a lot is the benefit of starting an SIP in your child’s name, ideally as soon as possible and for a specific goal. Not only does this help teach good money habits later, but when the folio belongs to the child, you tend to be more goal-oriented and long-term.”
One of the things I’ve been talking about a lot is the benefit of starting an SIP in your child’s name, ideally as soon as possible and for a specific goal. Not only does this help teach good money habits later, but when the folio belongs to the child, you tend to be more goal… pic.twitter.com/mA68iURiwc
— Radhika Gupta (@iRadhikaGupta) February 18, 2025
According to Sebi, children’s funds are schemes that have a lock-in period of at least five years or until the child attains the age of majority, whichever is earlier.
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In the last five years, children’s funds have offered an average return of around 12.62%. HDFC Children’s Fund offered the highest return of around 16.40% in the last five years, followed by Tata Young Citizen Fund, which gave a 15.84% return during the same period.
SBI Magnum Children’s Benefit Fund-Savings Plan delivered a return of around 12.61% in the same period. LIC MF Children’s Fund gave 10.31% during this time.In the last three years, these schemes have delivered an average return of around 11.07%, with the highest return offered by SBI Magnum Children’s Benefit Fund-Investment Plan at around 18.23%. LIC MF Children’s Fund and UTI Children’s Hybrid Fund provided returns of 8.89% and 7.98%, respectively.Also Read | SIP calculator: Rs 250 JanNivesh scheme can leave you with Rs 17 lakh corpus in 30 years
In her social media post, the CEO also shared how one can open a new folio in the name of a minor at Edelweiss Mutual Fund in three easy steps.
