EQUITY FUNDS
Child Care Plan (Gilt) - Equity Mutual Funds - ICICI Prudential

ICICI Prudential Child Care Plan(Gift)

All our dreams can come true, if we plan for and pursue them. And we need to remember that our dreams are linked to our children's aspirations. A surgeon today, an astronaut tomorrow and may be a fashion designer the day after. We must always encourage them to dream big.


ICICI Prudential Child Care Plan, an open-ended fund, is an investment instrument specially designed to help you give your child a head start in life by leveraging the opportunities and dynamism of equity and debt markets. It offers two options -

  • Gift Option - (Suitable if your child is in age group of 1-13 years.)
  • Study Option - (Suitable if your child is in age group of 13-17 years.)

Investment Philosophy

This fund is invests 65-100% of your money in equity and equity related securities to leverage growth opportunities and the other 0-35% is normally invested in debt securities to seek stability to your investments.

Key Benefits

  • Personal Accident Cover (for resident applicants) - Till your child attains the age of 18 or till units are redeemed (whichever is earlier), you as his / her parent / legal guardian will be eligible for a Personal Accident Cover equivalent to 10 times the value of the Units you have purchased (value at purchase price) subject to a maximum of limit of Rs. 5 lakh.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • A diversified equity fund that aims to generate capital appreciation by investing in equity and equity related securities.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Key Features

Type

Open ended fund ( Gift Plan)

Plan

Regular & Direct

Options

Growth

Default Option

Cumulative Option

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load

(a) 3% of applicable NAV if the amount sought to be redeemed or switched out within one year from the date of allotment.
(b) 2% of applicable NAV if the amount sought to be redeemed or switched out between first year and second year from the date of allotment.
(c) 1% of applicable NAV if the amount sought to be redeemed or switched out between second year and third year from the date of allotment.
(d) Nil if the amount sought to be redeemed or switched out after 3 years from the date of allotment.(w.e.f 1st October 2014)

Redemption Cheques Issued

Minimum Redemption Amt.

Rs.500 (plus in multiples of Re.1)

Systematic Investment Plan

Monthly: Minimum Rs.1,000 + 5 post - dated cheques for a minimum of Rs.1,000 each Quarterly: Minimum Rs. 5000 + 3 post - dated cheques of Rs. 5000 each.

Systematic Withdrawal Plan

Minimum of Rs 500 and multiples thereof.



Fund Manager

Equity: Mr. George Heber Joseph
Debt: Mr. Manish Banthia

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