1. Home
  2. Mutual Fund Products
    3.  
  3. Solution-Based-Funds
  4. UTI Childrens Career Fund (UTI CCF) - Investment Plan

UTI Childrens Career Fund (UTI CCF) - Investment Plan

Solution Oriented - Children's Fund

About

UTI Children’s Career Fund Investment Plan or UTI CCF-IP is a solution-oriented mutual fund investment scheme. This mutual fund scheme focuses on investment planning towards children’s future. The fund was launched in January 2008

As of April 30, 2022, the fund has Assets under Management (AUM) of Rs. 611.96 crores with an expense ratio of 2.78% for Regular Plan and 1.60% for Direct Plan. There is no entry and exit load applicable on investment in UTI Children’s Career Fund but the fund carries a lock-in period of 5 years or till the child attains 18 years age, whichever is earlier.

The primary objective of the investment plan is to help investors create a healthy corpus towards the child’s future through long term capital appreciation by investing predominantly in equities.

This plan follows a flexi-cap fund strategy with a blend of growth and value style and intends to keep the large-cap exposure below 65% and the remaining in mid & small cap of its equity allocation. The fund looks to generate alpha by stock selection across large, mid, and small caps while not taking any aggressive sectoral bets.

The fund also offers a Scholarship option in which an applicant (such as parent or guardian) investing on behalf a child can opt to utilize the accumulated corpus once he/she completes 18 years of age to meet their cost of education. At the time of joining the plan, the applicant can choose the number of instalments of scholarship payments which could be 4, 5, 6, 7 or 8, payable either on yearly or half-yearly intervals. Over the chosen period the unit holdings will be completely liquidated.

Invest in UTI Children’s Career Fund - Investment Plan - Features and Benefits

  • The fund aims to invest 70%-100% in equities and 0%-30% in debt).
  • The fund carries a lock-in period of 5 years or till the child attains 18 years of age, whichever is earlier.
  • One can conveniently invest in UTI Children’s Career Fund – Investment Plan through the UTI Mutual Fund website and mobile app.
  • Investment can be made in a lump sum or through Systematic Investment Plans (SIPs).
  • Invest in the scheme for an amount as low as Rs. 1,000.
  • The gains from UTI Children’s Career Fund – Investment Plan are taxed at a special rate of 10%. Additionally, such gains are exempt up to Rs. 1 lakh a year.
  • Investors choosing the Scholarship option will get tax benefits. The scholarship granted to meet the cost of education would not form part of the total income of the beneficiary under section 10(16) of the Income Tax Act, 1961 as long as education is not discontinued by the beneficiary.
Read More Read Less

Snapshot

Fund Type
Inception
Risk Metric
Returns
1 Year
3 Year
5 Year
NAV
as of -

Fund Facts

Month End AuM
Monthly Avg. AuM
No. of Folio Accounts
Minimum Investment Amount
Total Expense Ratio
Benchmark Index
Special Facitilities
Exit Load

Fund Performance

Period Fund Performance Vs Benchmark (CAGR) Growth for Rs 10,000 /-
NAV (%) NAV (Rs)

"Different plans have a different expense structure. The performance details provided herein are of Regular plan." * CAGR - Compounded annualized Growth Rate

"Different plans have a different expense structure. The performance details provided herein are of Regular plan." * CAGR - Compounded annualized Growth Rate

Portfolio

Fund Benchmark Net
Current Asset Allocation
Top 10 Holdings
View All
Name Weight(%)

Fund Managers

Frequently asked questions

    What is a UTI Children's Career Fund?

    A child career fund which endeavours to secure your child's future financial needs. Investing in this fund enables to save regularly/ through lumpsum investments for your child’s future needs like higher education, marriage expenses etc. There are two options to choose from based on the risk preference, UTI Children's Career Fund Investment Plan - invests predominatly in equity & equity related instruments and UTI Children's Career Fund Savings Plan - invests predominately in debt & debt related instruments.

    How are the returns of UTI Children's Career Fund - Investment Plan ?

    UTI Children's Career Fund - Investment Plan has generated 12.68% CAGR since inception of scheme in Jan 30, 2008 as against the benchmark index (Nifty 500 TRI) of 10.72% CAGR as of September 30, 2021. The past performance may or may not be sustained in the future. For more details on preformance click here

    How do I invest in UTI Children's Career Fund-Investment Plan Regular Plan ?

    Investors can invest online at www.utimf.com or download the mobile app and start investing subject to KYC compliance. Investors may also approach nearest UTI Financial Centers (UFCs). Alternatively, you may also approach your mutual fund distributor, financial advisor or various online platform for mutual fund investments.

    What is the current NAV of UTI Children's Career Fund - Investment Plan?

    The NAV of UTI Children's Career Fund - Investment Plan - Regular Plan - Growth is Rs.60.5021 as of September 30, 2021. To view the NAV history of the fund click here

    What are the Tax Benefits of investing in UTI Children Career Fund - Investment Plan and how is the fund taxed?

    On redemption of investments of UTI Children's Career Fund - Investment Plan, capital gains are taxed as below: The Fund will attract capital gains tax if the redemption value is more than the purchase price. The gains are taxed as Short-Term Capital Gains (STCG) at the time of redemption, if the units are held for less than 12 months. If the units are held for 12 months or more, the gains are taxed as Long-Term Capital Gains (LTCG). As per the current tax laws, STCG is taxed at 15% (plus surcharge and cess), while LTCG is taxed at 10% (plus applicable surcharge and cess) without any indexation benefit. The taxable gains are calculated directly by deducting the investment cost from the redemption proceeds. Further, investors can avail an exemption of Rs. 1 lakh every year for LTCG from equity shares and equity-oriented mutual funds in aggregate. Under scholarship option of the fund, where the scholarship is paid to the beneficiary after he / she attains the age of 18 years to meet cost of his / her education. The scholarship granted to meet the cost of education does not form part of the total income of the beneficiary under section 10(16) of the Income Tax Act, 1961 so long as education is not discontinued by the beneficiary.

    What is UTI Children's Career Fund - Investment Plan?

    UTI Children's Career Fund - Investment Plan is an open ended scheme which aids investors looking to secure their child’s future with an equity inclined portfolio. The portfolio composition for the scheme is a mix of 70–100% equity and 0–30% debt.

    What is the investment objective of UTI Children's Career Fund - Investment Plan?

    The primary objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across the market capitalization spectrum.