Ch.2 · Mutual Fund Structure Basics · medium
What is a Children's Fund as per SEBI categorisation?
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EXPLANATION
A Children's Fund is a solution-oriented mutual fund category designed for long-term wealth creation for children. It has a mandatory lock-in of 5 years or until the child attains majority (age 18), whichever is earlier. The fund can have equity or debt orientation depending on the scheme.
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