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:
| Scheme | HDFC children’s Gift Fund –Investment Plan | ICICI Pru Child Care Plan – | Axis Children’s Gift fund | ||
| Fund Type | Hybrid – Equity Oriented | Hybrid – Equity Oriented | Hybrid – Equity Oriented | ||
| Inception Date | Mar 02, 2001 | Aug 06, 2001 | Nov 18, 2015 | ||
| Latest NAV as on Nov 20, 2015 | 82.40 | 101.77 | – | ||
| Current Equity Exposure | 70.42% | 81.59% | – | ||
| Number of Stocks | 50 | 31 | – | ||
| Performance Returns | |||||
| Last 01 Yr | 2.5% | -0.8% | – | ||
| Last 02 Yrs | 24.1% | 27.7% | – | ||
| Last 03 Yrs | 20% | 18% | – | ||
| Last 05 Yrs | 14.1% | 10.4% | – | ||
| Last 10 Yrs | 14.55% | 13.17% | |||
| Top 05 Sector holding | Banking/Financials,
Engineering, Technology, Pharma, FMCG |
Banking,
Pharma, Misc, Automotive, Technology,. |
– | ||
| Top 05 Stock Holding | Infosys,
ICICI Bank, Reliance Industries, HDFC Bank, Britannia Industries |
HDFC Bank, Tech Mahindra,
Kotak Bank, V-Guard Industries, Shree Cements. |
– |
- ICICI Prudential child Plan is high beta fund with higher turnover ratio.
- 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.
- 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.
