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UTI Childrens Career Fund (UTI CCF) - Savings Plan

Solution Oriented - Children's Fund

About

UTI Children’s Career Fund - Savings Plan is a solution-oriented investment plan for children’s education that focuses on investment planning towards children’s future. The fund was launched in July 1993.

As of April 30, 2022, the fund has Assets under Management (AUM) of Rs. 4,113 crores with an expense ratio of 1.78% for Regular Plan and 1.61% for Direct Plan.

There is no entry and exit load applicable on investment in the fund, however the fund carries a lock-in period of 5 years or till the child attains 18 years age, whichever is earlier.

The scheme aims to create a healthy corpus towards the child’s future by investing in both debt and equity which will help to generate stability through a quality debt portfolio and aim for capital appreciation and growth through an equity portfolio with large cap dominance.

The fund manages the debt duration dynamically by investing across varying maturities, focusing on high-quality corporate debt. The fund’s equity portfolio focuses on quality companies represented by healthy cash flow generation, strong balance sheet and valuations.

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 – Savings Plan - Features and Benefits

  • The fund aims to invest 0%-60% in debt and 0%-40% in equities.
  • 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 through the UTI Mutual Fund website and mobile app.
  • Investment can be made through lump sum or through Systematic Investment Pla2ns (SIPs).
  • Minimum investment amount as low as Rs. 1,000.
  • The gains from UTI Children’s Career Fund – Savings Plan carry a special tax rate of 20% with indexation benefit for Long Term Capital Gains (LTCG). Accordingly, only the actual returns (i.e., returns adjusted for inflation) are taxed in such cases.
  • 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.
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Snapshot

Fund Type
Inception
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3 Year
5 Year
NAV
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Fund Facts

Month End AuM
Monthly Avg. AuM
No. of Folio Accounts
Minimum Investment Amount
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Benchmark Index
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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
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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 - Savings Plan?

    UTI Children's Career Fund - Savings Plan has generated 11.18% CAGR since inception of scheme in July 3, 1993 as of September 30, 2021. The past performance may or may not be sustained in the future. For more details on preformance click here

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

    On redemption of investments of UTI Children's Career Fund - Savings 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 - Savings Plan?

    UTI Children's Career Fund - Savings Plan is an open ended scheme which aids investors looking to secure their child’s future with a portfolio investing in both equity and debt securities.The portfolio for this scheme has the composition mix of 60–100% debt and 0–40% equity.

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

    The NAV of UTI Children's Career Fund - Savings Plan - Regular Plan - Growth is Rs.29.9123 as of September 30, 2021. To view the NAV history of the fund click here

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

    The primary objective of the scheme is to invest predominantly in debt and money market instruments and part of the portfolio into equity & equity related securities with a view to generating income and aim for capital appreciation. However, there is no assurance or guarantee that the investment objective of the scheme would be achieved.