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ICICI Prudential Child Care Plan
By ICICI Prudential Mutual Fund
Monday, April 14, 2014
     

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 regular income solution
A hybrid fund that seeks to generate current income by investing in debt, money market instruments and equity and equity related securities.
Medium risk.