ICICI Prudential Children’s Fund Direct Growth

ICICI Prudential Children’s Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Lalit Kumar. This fund gives you the benefit of diversification.

1. ICICI Prudential Children’s Fund Direct Growth has ₹1424 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 1.5.
   

ICICI Prudential Children’s Fund Direct Growth has given a CAGR return of 14.51% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 2.66%, 19.60% and 20.08% respectively.

ICICI Prudential Children’s Fund Direct Growth has allocated its funds majorly in Government, Basic Materials, Corporate, Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Communication, Tech, Real Estate, Health, Utilities.

As it is a children mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The primary investment objective of the Gift Plan is to seek generation of capital appreciation by creating a portfolio that is invested in equity and equity related securities and debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. There is a lock in period for ICICI Prudential Children’s Fund Direct Growth of 5 Years