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SBI Mutual Fund | Now the education of children is becoming very expensive. Especially parents have to spend a large amount on the higher education of their children. Many people think that they should raise a good amount of money for their child till he grows up or grows up so that they can help in their further education expenses. For this, some parents are investing money in some investment savings schemes. But for now, the returns on small savings have fallen. Therefore, it is not possible to raise as much money for your children. In such a situation, child mutual funds can be the best option.

Giving the benefit of special mutual fund scheme
There are many fund houses in the market that are offering special mutual fund schemes for children. Children plans are available for funds like HDFC, SBI, Axis, ICICI Prudential, Tata and UTI. Talking about returns, they have given 12 to 15 percent annual returns in the last 15-20 years.

Investing in mutual funds in the name of children
According to the President of BPN Fincap, you can invest in a good mutual fund in the name of children. He also said that it is not mandatory to invest only in child funds. Apart from this, parents can also opt for other mutual funds. If you are investing in the name of children, then its age should be at least 15 years.

SBI Magnum Children Benefit Fund
SBI Magnum Children Benefit Fund has given a return of 10.36% since its launch. A SIP of Rs 5,000 every month can give you Rs 20 lakh in 15 years. According to experts, some child plans offer different options to investors based on the structure of equity and loan. More risk-averse investors have the option of choosing a portfolio with more loans, while aggressive investors have the option of choosing a portfolio with more equities. One advantage with child plans is that there is a lock-in period. So you cannot withdraw money until a certain amount is deposited.

Disclaimer : Investment in mutual funds and stock market is based on risk. Before investing in the stock market, consult your financial advisor. tezzbuzz.com will not be responsible for any financial loss.

News Title : SBI Mutual Fund 01 September 2024.