· HDFC CGF-Investment Plan - Investment in equity and equity related instruments as well as debt and money market instruments, with an asset allocation pattern on 40-75% in equity and equity linked instruments and 25-60% in debt securities, money market instruments. Investment plan seeks to generate long term returns while maintaining risk under control.
· HDFC CGF-Savings Plan - Investment in debt and money market instruments as well as equity and equity related instruments, with an asset allocation pattern on 0-20% in equity and equity linked instruments and 80-100% in debt securities, money market instruments. Savings plan seeks to generate steady long term returns with relatively low levels of risk.
· The primary objective on both the plans offered under the scheme is to generate long term capital appreciation.
· Children less than 18 years of age as on date of investment are eligible for investment into both the schemes.
· Unique scheme which allows an adult to gift units to a child
· Promotes long term investing which can be linked to goals like children education, marriage expenses etc.
· Personal accident insurance cover for parent/legal guardian (up to the age of 80 years) of the unit holder, equivalent to 10 times the cost value of outstanding units held by unit holder, subject to a maximum amount of Rs. 10 lakhs per unit holder
The HDFC Children's Gift Fund has been in operation for over 15 years now and given below is its track record: .
Name of the Fund | Type | Market Value of Rs. 10,000 invested at inception* | CAGR* |
HDFC Children's Gift Fund – Investment Plan | Equity Oriented | Rs. 1,21,910 | 17.40% |
HDFC Children's Gift Fund – Savings Plan | Debt Oriented | Rs. 53,033 | 11.29% |
* Data as on 30th September 2016. Fund inception date: 2nd March 2001.
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