Tata Mutual Fund
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Tata Young Citizens Fund


Overview

As a responsible Parent, Guardian or wellwisher, you are always willing to take steps today so that your little ones get to see a better tomorrow. Be it basic education, the most coveted foreign degree, a dream marriage, a diligent and loving parent desires to provide enough financial security for each milestone in a child's life. But have you thought how you would be able to fulfill these desires, given the huge increases in costs of education or marriage that are likely to occur with every passing year? A little bit of careful planning, regular saving and consistent investing today is what is required so that you can take care of these future needs without worrying too much. If you are looking for an investment today which would help you realize your children's dreams tomorrow, then Tata Young Citizens' Fund (TYCF) is perhaps the right choice for you.

Tata Young Citizens' Fund is an open-ended balanced scheme exclusively for children aged between 3 months and 18 years. The scheme aims at helping parents, guardians and well wishers to save for growing children's needs.


Asset Allocation
Up to 50% investments in Equity & equity related instruments, around 45% to 50% investments in Debt & related instruments & 5% to 100% in money market instruments
Who should invest / Key Attributes
  • Ideal for Investors:
    • Planning for their children’s future needs
    • Balanced approach to savings for their children’s future needs by investing in a combination of Debt and Equity instruments.
  • Key Attributes:
    • Benefits of the stability in income from debt and capital appreciation opportunities from equity investments.
    • Personal accident policy for donee children upto Rs.1,50,000/- *
    * Subject to Conditions

Fund Manager

Sonam Udasi

Sonam Udasi Backed with 18 years of his expertise in Equities Research is presently the Fund Manager for many of the equity schemes at Tata Asset Management, since April 2016. Sonam joined Tata Asset Management as Head Research in April 2014. He has also served as the Principal Officer for the PMS vertical of Tata Asset Management. Prior to joining Tata Asset Management, Sonam headed the Research Team at IDBI Capital Market Services Ltd. for 4 years. During this tenure, IDBI Capital Research Team was rated as No. 3 “Top Most Award Winning Team” by Thomson Reuters Starmine Awards for Excellence for Fiscal Year 2013. He started his career as an Analyst with the Quantum Group headed by Ajit Dayal, building expertise in sectors like Consumer Staples, Retail, Media, Pharma and Utilities. He later joined JM Financial AMC as Senior Analyst reporting to the CIO. Apart from this, he has also worked with erstwhile ASK Raymond James and BRICS Securities (Head – Consumer Vertical). Sonam has a Post Graduate Diploma in Business Administration, specializing in Finance.


Akhil Mittal

Akhil MittalMr. Akhil Mittal started his career in 2004 at Rallis India Limited where he worked till 2006 in the treasury department looking after working capital management, foreign exchange management & banking. He moved to Edelweiss Securities Limited in 2006, where he worked in the Corporate Treasury & resources department looking after resource mobilization, working capital management, banking & investments. Akhil joined Canara Robeco Asset Management Co Ltd as a fund manager looking after fixed income funds from Sept 2008 till Nov 2010 & from March 2011 to June 2014. He managed various Fixed Income portfolios including money market funds, duration funds & hybrid funds. He also had a brief stint with Principal PNB Asset Management Co Ltd from Nov 2010 to Feb 2011 where he worked as a Senior Fund Manager looking after Fixed Income Investments. Akhil joined Tata Asset Management in June 2014 as senior fund manager looking after fixed income investments. He is a B.Com graduate & holds an MBA degree from University Business School.


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Scheme Information
Objective

The investment objective of the scheme is to provide long term capital growth along with steady capital appreciation to its unit holders, while at all times emphasising the importance of capital preservation.

Nature of scheme
An Open Ended Balanced Scheme.
Date of Allotment
14 Oct 1995
Options / Plan
Tata Young Citizens' Fund
Regular Plan (Routed through Distributor)
  • Compulsory Lock-in
  • Anytime Exit
  • Growth
Direct Plan (w.e.f. 1st Jan 2013)
  • Compulsory Lock-in
  • Anytime Exit
  • Growth
Entry Load
NIL
Exit Load

Compulsory Lock-in:

3.00% if redeemed on or before 3 years from the date of allotment. (This load will be applicable when the lock-in period expires before 3 years from the date of allotment)

Anytime Exit Option:

If child attains majority after 7 years from the date of allotment:
  1. If redeemed on or before expiry of 3 years from the date of allotment:
    3.00%
  2. If redeemed after 3 years but on or before 7 years from the date of allotment:
    2.00%
  3. If redeemed after 7 years but before child attains majority:
    1.00%
  4. After the child attains majority:
    NIL
If child attains majority before 7 years from the date of allotment:
  1. If redeemed on or before expiry of 3 years from the date of allotment:
    3.00%
  2. Redeemed within 3 yrs
  3. If redeemed after 3 years but on or before 7 years from the date of allotment:
    2.00%
  4. If redeemed after 7 years:
    NIL
Min. Purchase Amount
500/- and multiple of 500/-
Min. Additional Purchase Amt.
500/- and multiple of 500/-
Min. Redemption Amt. / Units
500/- or 50 units
SIP
Frequency No. of Installments Min. Installment Amt.
Monthly 12 500/-
6 1,000/-
Quarterly 6 1,000/-
4 1,500/-
(#) SIP amount (per installment) should be in multiples of 500/-.
Systematic Withdrawal Plan

Available

Yes

Frequency

Monthly/Quarterly

Min. Withdrawal Amt.

500/-
STP
Available

*The minimum amount required for switch is 500/- and in multiple of 1/-.

SIP and SWP available only for anytime exit option or after the child attains majority under compulsory lock-in option


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