Scheme from IDBI Mutual Fund
Child I-nit '97 has been launched with the
objective of providing lumpsum return to the beneficiary at the
end of the specified period for fulfilling a specific objective
of the beneficiary like his/her higher education, marriage etc.
Plans One Time Investment Plan and
Recurring Annual Investment Plan.
Target Period Choice of flexible
target periods of 7, 10 and 15 years for both plans
Minimum Investment (One Time) Rs.
5000/-, 6000/- and 7000/- for 7, 10 and 15 years target period
respectively.
Minimum Investment (Recurring) Rs.
1000/- for all target periods.
Maximum Investment (One Time) No Limit
Maximum Investment (Recurring) Rs.
12000/-, 9000/- and 7000/- for 7, 10 and 15 years plan
respectively.
Additional Investment Multiples of Rs.
1000/- for both plans upto the maximum amount specified above. Investment
Pattern Minimum of 80% of the corpus will be invested in
Debt and Money Market Instruments and the balance will be
invested in equities.
Redemption Automatic on expiry of
lock-in period of respective plans.
Unique Insurance Cover to first applicant
in case of Recurring Annual Investment Plan only. Death of
first investor after payment of third subscription is covered to
ensure that the beneficiary gets the indicative maturity amount
at the end of the target period.
Age Limit on entry in Recurring Annual
Investment Plan Maximum age limit on entry of first
applicant is 45 years for 7 & 10 year target periods and 40
years for 15 year target period (in Recurring Annual Investment
Plan only)
Indicative Maturity Amount (Minimum
Investment) Rs. 12000/-, 20300/-, 42000/- for minimum
amounts under both plans respectively. For amounts above the
minimum, the indicative amounts will increase as per the
investment made (subject to maximum permissible investment
limit)
Early Exit Option Repurchase after
lock-in period of three years; available round the year.
Maturity Amount
At NAV
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