CCCF was launched in the year 1993. To provide for children's higher education and to help them in setting up their own business or professional practice.
Scheme Highlights
| 1. Minimum Investment |
- Rs. 2000/- |
2. Multiple of |
- RS. 1000/- |
3. Age Limit |
- not exceeding 15 years |
4. Age Proof |
- No proof of Age is required |
5. Other Facility |
- Alternative child name can be given |
6. Depending upon the growth the bonus units will be reinvested. |
7. Partial withdrawal before 18 years will not be allowed except in special circumstances. |
8. After completion of 18 th year the member can opt for partial withdrawal
Before completion of 19 years 50% of outstanding
Before completion of 20 years 60% accumulated units
Before completion of 21 years 70% as on 30th June
Before completion of 22 years 80% preceding the 18th birthday
Before completion of 23 years 90% of the member
(excluding additional bonus units issued after completion of 18 years of age of the member)
After Completion of 23 years 100% of outstanding units including Cumulative bonus units can withdraw.
|
9. Repurchase will be based on NAV prices. Sales/Repurchase price will be declared by UTI on monthly basis.
|
10. Transfer / Pledge will not be allowed. |