Children Gift Growth Fund - 99: Overview, Performance, Portfolio | Mutual Fund | Value Research Get the latest information and complete track record of 'Children Gift Growth Fund - 99' schemes, returns, latest NAV and ratings from independent mutual fund research house.

Children Gift Growth Fund - 99

Investment Strategy

  • The scheme is aimed at making investments for a child who is less than 15 years of age and it matures when the child reaches the age of 21, with an option to withdraw at the age of 18. Under this scheme, there is an assured dividend of 12 per cent per annum, and the dividend is reinvested automatically in units at the prevailing price of the units in July, so that the gift grows at a compounded rate. Also, the the scheme gives a bonus dividend every 5 years which is also reinvested.Under the scheme, the money doubles in 6 years, and 12 times the original value in 21 years. The scheme is closed for fresh investments since October, 1997

Contact Information

  • AMC

    Unit Trust of India

  • Website

    http://www.unittrustofindia.com

  • Email

    [email protected]

  • Phone

    022-56786666

  • Fax

    022-26524921

  • Address

    UTI Towers, 'Gn' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051

Registrar Agent

  • Registrar & Transfer Agent

    UTI Technology Services Ltd.

  • Email

    [email protected]

  • Phone

    022-27561722 / 27561700

  • Address

    UTI Bhavan Plot No 3, Sector 11 CBD Belapur, Navi Mumbai - 400614

Basic Details

  • Last Declared NAV:
    IDCW: 10.0000
  • Fund House

    Unit Trust of India

  • Redemption date

    01-Mar-2004

  • Status

    Terminated