#1
September 20th, 2017, 03:38 PM
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Unit Trust Of India Children's Gift Growth Fund
I want to get the details of Children's Gift Growth Fund Scheme of Unit Trust Of India UTI so can you provide me?
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#2
September 21st, 2017, 10:56 AM
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Re: Unit Trust Of India Children's Gift Growth Fund
The UTI Children's Gift Growth Fund Scheme is aimed at making investments for a child who is less than 15 years of age and it matures when the child reaches the age of 21, with an option to withdraw at the age of 18. Under this scheme, there is an assured dividend of 12.5 per cent per annum, and the dividend is reinvested automatically in units at the prevailing price of the units in July, so that the gift grows at a compounded rate. Also, the scheme gives a bonus dividend every 5 years which is also reinvested. Under the scheme, the money doubles in 6 years, and 12 times the original value in 21 years. The scheme is closed for fresh investments since October, 1997 Fund type Hybrid Debt Oriented Date of Inception 12/07/1993 Investment Plan No Class Fund size (Rs.Cr) 3721.57 (as of 30th Jun 2017 ) Number of investors 2084469 (as of 28th Feb 2015 ) Min. Investment 1000 Last Dividend N.A. Bonus N.A. Asset Allocation (as of 31st Mar 2017)- Market Capitalisation (%) Large Mid Small 59.00 27.00 14.00 Contact- Unit Trust of India UTI Towers, 'Gn' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051 | Phone: (022) 56786666 | Fax: (022) 26524921 Email: utidmo@bom3.vsnl.net.in |
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