Axis children’s Gift fund Vs. HDFC Children’s Gift Fund Vs. ICICI Prudential Mutual fund Child Plan:

New fund offer – NFO – of Axis children’s Gift Fund is currently on and it seems that fund house is aggressively marketing this product.

But such kind of Child plans are not new for mutual fund industry.There are few other fund houses already having this kind of product with a little difference.

HDFC Children’s Gift Fund – Investment plan and ICICI Prudential Child Plan – Gift Plan  goes nearer to New fund – Axis children’s Gift Fund.

Comparison of HDFC and ICICI Pru Children’s Plan:

1. ICICI Prudential child Plan is high beta fund with higher turnover ratio.
2. Net equity exposure of Axis Children’s Gift fund is up to 60% .so it may be less volatile but can offer conservative returns over a period of time.
3. Its NOT mandatory for ICICI Pru child Care fund to invest in child’s name.

One can conclude that investor can also invests in ongoing balanced funds.Goals related to child’s education,marriage can achieved through established old funds also.