In April, contra/value equity mutual funds witnessed a 68% AUM jump to Rs 1,57,946 crore, attracting investors with a higher risk appetite. These funds invest in out-of-favour or undervalued stocks, offering potential returns amid market volatility.
ICICI Pru Child Care Fund-Gift Plan focuses on funding children s education with high returns. A Rs 10,000 monthly SIP could grow to Rs 1.90 crore, outperforming category returns. It blends equity and debt instruments, with notable exposure in telecom services.