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Children Gift Growth Fund - 99

Basic Details

Last Declared NAV:
IDCW: 10.0000
Fund House: Unit Trust of India
Redemption date: 01-Mar-2004
Status: Terminated

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

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

Phone: 022-56786666

Fax: 022-26524921

Email: [email protected]

Website: http://www.unittrustofindia.com

Registrar & Transfer Agent: UTI Technology Services Ltd.

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

Phone: 022-27561722 / 27561700

Email: [email protected]