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.