Gajendra Kothari, MD and CEO, Etica Wealth Management
I want to gift a lump sum of money to my Grand children now aged 01 yrs. I want a maturity period around 18 yrs. I have seen the market but confused - how is UTI - Children Carrier Balanced plan/ Axis MF or any other long term good investment plan - please advice ---P. Mukherjee
Both UTI CCP Balanced Fund and Axis Children Gift Fund are Hybrid Mutual Funds designed particularly to meet Child's education goals. UTI CCP Balanced Fund have minimum 60 per cent in Debt holdings and maximum 40 per cent in Equities thus insulating it from the Equity Market Volatility.
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