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Compare Sukanya Samridhi Scheme with HDFC Children Gift Fund

Comparison between HDFC children gift fund and post office scheme Sukanya Samriddhi Yojana?

Jun 1, 2015 by Navtej Luthra, Jalandhar  |   Mutual Fund

Before comparison, please note that SUKANYA SAMRIDHI YOJANA is meant for girl child below 10 years only and there is a limit of Investment of Rs. 150,000/- per annum. The rate of return is also fixed, for current year it is 9.20% . See the complete details here https://goo.gl/TyaHgP

On the other hand, HDFC Children Gift Fund (HDFC CGF) – Investment plan - is a balanced fund with a very good track record. The Fund has given a return of annualised 18.22% since inception. There is no maximum limit of investment in this fund.

HDFC Children Gift Fund – Savings Plan – is a hybrid debt oriented fund and has given a return of annualised 11.34% since inception. There is no maximum limit of investment in this fund.

Please note that, Sukanya Samridhi Yojana has a lock in period till age 21 of the girl child. Whereas the HDFC CGF can be redeemed even after a year by giving some exit load. Return wise HDFC CGF is much superior. However, Sukanay Samridhi Yojana offers tax rebate under Section 80C which HDFC CGF does not offer.

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