NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹30.28
-0.20%
NAV as on 30 Apr 24, 12:00 AM
very high risk
children
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
children
equity
28.30%p.a.
Last 1Y
13.41%p.a.
Last 3Y
12.10%p.a.
Last 5Y
4.90%p.a.
Since Inception
About LIC MF Childrens Gift Fund for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Childrens Gift Fund scheme from LIC Mutual Fund Asset Management Limited. It is a Children mutual fund scheme that predominantly invests in Children stocks of companies. Launched on Nov 2001, LIC MF Childrens Gift Fund is Children fund of its category with 15.29 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Children funds.
- LIC MF Childrens Gift Fund delivered 28.3% annual returns during the last year. It has delivered 4.9% average annual returns since the fund was launched.
- LIC MF Childrens Gift Fund scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. However there can be no assurance that the investment objective of the scheme will be achieved.
Top 10 Holdings
7.38% Govt Stock 2027
10.10%
ICICI Bank Ltd
7.13%
HDFC Bank Ltd
6.00%
Reliance Industries Ltd
4.01%
Infosys Ltd
3.96%
Larsen & Toubro Ltd
3.21%
Trent Ltd
3.03%
State Bank of India
3.02%
Axis Bank Ltd
2.85%
Azad Engineering Ltd
2.40%
Fund Managers
- Karan Doshi (Jan 2021 - Present)
- Pratik Shroff (Sep 2023 - Present)
Key Information
View Scheme Document
LIC MF Childrens Gift Fund SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on LIC MF Childrens Gift Fund
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in LIC MF Childrens Gift Fund?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in LIC MF Childrens Gift Fund
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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20.7%
Aditya Birla Sun Life Bal Bhavishya Yojna Growth
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Frequently Asked Questions
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