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.
As per the FundsIndia Research Report, by investing Rs 50,000 per month with a 10% annual increase in contribution, you can achieve your first Rs 80 lakh in 7 years at an assumed rate of 12%.
The toppers in the list were from Quant Mutual Fund. A monthly SIP of Rs 20,000 in Quant Small Cap Fund would have grown to Rs 1.04 crore in the last 10 years. The scheme gave an XIRR of 27.73% in the same period. Quant ELSS Tax Saver Fund would have turned a monthly SIP of Rs 20,000 into Rs 95.38 lakh with an XIRR of 26.04% in the last 10 years.
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