LIC MF Children's Gift Fund-Growth

LIC MF Children's Gift Fund-Growth is a scheme launched by LIC Mutual Fund on October 16, 2001, and falls under the Childrens fund category. It currently manages an AUM of Rs 15.18 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 2.45% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  LIC MF Children's Gift Fund-Growth trailing returns over different times are -4.85% (1 year), 11.74% (3 year) and 12.29% (5 year). The average annual return of this fund stands at -6.34%.