10 mid-cap gems that children-oriented MFs love to hold for the long term
Children-oriented funds are open-ended schemes with a lock-in period of at least five years or till the time the child attains the age of maturity, whichever is earlier. The compulsory lock-in provides fund managers a leeway to buy quality mid-cap stocks and hold for the long term
Solution-oriented schemes offered by mutual funds (MFs) have gained investors’ attention. Currently, there are 27 retirement funds and 11 children-oriented funds and the combined number of investor accounts stand at 58 lakh, as of February-end. MFs offer children’s plans with various options across equity and debt portfolios. They are open-ended schemes with a lock-in period of at least five years or till the time the child attains the age of maturity at 18, whichever is earlier. The compulsory lock-in provides fund managers a leeway to buy quality mid-cap stocks and hold them for the long term.
Here is the list of top 10 mid-cap stocks held by these children’s plans as of February 29. Source: ACEMF.
2/11
PI Industries No. of Children-oriented funds that hold the stock: 5 Sample of Children-oriented funds that hold the stock: Axis Children's Gift Fund and LIC MF Children's Gift Fund.
3/11
Timken India No. of Children-oriented funds that hold the stock: 4 Sample of Children-oriented funds that hold the stock: Aditya Birla Sun Life Bal Bhavishya Yojna and HDFC Children's Gift Fund
Jubilant FoodWorks No. of Children-oriented funds that hold the stock: 4 Sample of Children-oriented funds that hold the stock: ICICI Prudential Child Care Fund-Gift and UTI CCF- Investment
Bharat Forge No. of Children-oriented funds that hold the stock: 4 Sample of Children-oriented funds that hold the stock: Aditya Birla Sun Life Bal Bhavishya Yojna and UTI CCF- Investment
6/11
The Phoenix Mills No. of Children-oriented funds that hold the stock: 4 Sample of Children-oriented funds that hold the stock: UTI CCF- Investment and Aditya Birla Sun Life Bal Bhavishya Yojna
7/11
FSN E-Commerce Ventures No. of Children-oriented funds that hold the stock: 4 Sample of Children-oriented funds that hold the stock: Aditya Birla Sun Life Bal Bhavishya Yojna and UTI CCF- Investment
8/11
Info Edge (India) No. of Children-oriented funds that hold the stock: 4 Sample of Children-oriented funds that hold the stock: Aditya Birla Sun Life Bal Bhavishya Yojna and UTI CCF- Investment
Muthoot Finance No. of Children-oriented funds that hold the stock: 3 Sample of Children-oriented funds that hold the stock: SBI Magnum Children's Benefit Fund-Savings and ICICI Prudential Child Care Fund-Gift Plan
10/11
Endurance Technologies No. of Children-oriented funds that hold the stock: 3 Sample of Children-oriented funds that hold the stock: UTI CCF- Investment and Union Children's Fund
11/11
Metro Brands No. of Children-oriented funds that hold the stock: 3 Sample of Children-oriented funds that hold the stock: Tata Young Citizen and UTI CCF- Investment
