Minimum Investment Rs.1,000: Children Mutual fund – to help you plan for your child’s bright future..! ~ Estate, Market, Fund, Insurance, Loan

Minimum Investment Rs.1,000: Children Mutual fund – to help you plan for your child's bright future..!

The New Fund Offer (NFO) opens on 2023 November 28 and closes on December 12.

Union Mutual Fund has launched Union Children's Fund, an open-ended fund solution-oriented fund focusing on children.

The fund will have a 5 year lock in period or till the child attains 18 years of age, whichever is earlier.

Benchmarked against S&P BSE 500 Index (TRI), the scheme aims to generate long-term capital appreciation by investing in a mix of securities comprising equity, equity-related securities and debt instruments.

Mr. G. Pradeepkumar, CEO, Union Mutual Fund said, "At a time when inflation is on the rise, it has become challenging for people to invest for their children's future needs.

In this scenario, imagine a future where each child's dreams have no limits, where his / her potential is nurtured, and where every milestone is supported with unwavering love and financial well-being.

That's exactly what Union Children's Fund aims for – to help you plan for your child's bright future. This investment can be a tangible expression of your love and commitment towards your child."

What is the main objective of investing in this fund?

The scheme aims to achieve long-term capital appreciation by investing in a diversified portfolio of securities, including equity, equity-related instruments, and debt instruments, in accordance with its specified asset allocation.

This is intended to offer investors an investment solution. It is important to note, however, that there is no guarantee that the scheme will successfully meet its investment objective.

How may one invest in this scheme?

Investors can invest under the scheme with a minimum investment of Rs.1,000 per plan / option and in multiples of Re 1. There is no upper limit for investment.

https://portal.amfiindia.com/spages/13810.pdf

For more details and Investing

Mr. K. Kirubakaran