The Children's Gift Growth Fund is a gift that keeps growing with the years. Nobody can touch it. When the child becomes an adult, the gift matures. So the child gets the money when he needs it most to pay for, higher education, to help set up a business or practice or to help set up a home. CGGF scheme was launched in the year 1986.


Scheme Highlights

1. Minimum Investments	- Rs. 2000/-
2. Multiples of	- Rs. 1000/-
3. Age Limit	- can be gifted to any child below 15   years old
4. Duration	- Till gifted child completed 21 years   of age
5. Age Proof	- No age proof is required
6. Alternate Child	- Can be given
7. Minimum Return	- 12% per annum will be reinvested
8. Depending upon the growth the bonus units will be reinvested
9. Withdrawal before 21 age of the donee child will not be allowed     except in special circumstances.
10. Transfer / Pledge will not be allowed.