Investing for a child’s future is one of the biggest goals of every parent. To help achieve this, mutual funds (MFs) offer solution-oriented schemes or hybrid schemes that invest in equity as well as debt markets.
A children’s fund usually comes with a lock-in period of five years or until the child becomes a major. These products are marketed as suitable for child-specific goals such as educational expenses, relocation, or marriage. These products can help investors protect against market volatility to some extent.
