Axis Children Fund: Gift Your Child the Freedom to Make Choices

As parents, you always want the best for your children. You want to fulfill all of your child’s dreams, and arranging finances for the same is a struggle that every parent identifies with.
It is no surprise then that saving and investing for your child's future, whether it is for their education or wedding or even venture funding, is one of the most important financial goals for every parent. This will remain a priority for you for at least the first 20 years of your children’s lives.
So, how best can you fulfill all their financial needs without having to stress about it?
This is how.

Prioritize investing early

One cannot reiterate enough the advantages of investing early in this case. The reason to start early is that you will have a long time ahead of you to accumulate returns on your investments owing to compounding. This way, your money can work uninterrupted over a longer horizon to grow into a sufficient corpus by the time your child is poised for major expenses such as college or marriage. Even if you start with a small sum of money, invest early and regularly for your child.

Child Gift funds—An option for accumulating a corpus for your child

Now, that you have your sights set afar, it is time to look at investment options that will take you the distance. Child Gift Funds or Child Benefit Funds could be a noteworthy option in this regard. Child Gift Funds are mutual fund schemes dedicated towards funding various life events of children such as higher education and marriage.

Opt for an SIP into Child Gift Funds

You may invest in Child Gift funds by starting small with the help of SIPs. With long-term investments, SIPs make sense as you can invest small amounts regularly. This way, you won’t feel much of a pinch as you juggle other expenses as well.
Don’t let money be a hurdle to your child’s dreams. Invest today for your child’s future!
Disclaimer: This article represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time. Past performance may or may not be sustained in the future.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.