Tata Young Citizens’ Fund: A good way to save for Junior
The fund suits investors looking to generate wealth over the long run
Seven mutual fund companies — Axis, HDFC, ICICI Pru, LIC, SBI, Tata and UTI — offer schemes that are specially designed to help investors save for their child’s future expenses, like education, marriage, etc. These funds allow investment only in the name of a minor child — less than 18 years old — on the date of the investment. The applicant can be the parent, step-parent, grand-parent, adult r...
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