LIC MF Childrens Fund Direct Growth

LIC MF Childrens Fund Direct Growth is a hybrid fund. This fund was started on 16 January, 2013. The fund is managed by Nikhil Rungta. This fund gives you the benefit of diversification.

1. LIC MF Childrens Fund Direct Growth has ₹15 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 1.7.
   

LIC MF Childrens Fund Direct Growth has given a CAGR return of 10.23% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.40%, 13.82% and 16.12% respectively.

LIC MF Childrens Fund Direct Growth has allocated its funds majorly in Government, Industrial, Cash Equivalent, Basic Materials, Consumer Cyclical, Financial Services, Tech, Health, Utilities, Consumer Defensive.

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 scheme is to seek to generate capital appreciation & provide longterm growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. However there can be no assurance that the investment objective of the scheme will be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. There is a lock in period for LIC MF Childrens Fund Direct Growth of 5 Years