UTI CCP advantage Fund for Children
UTI CCP advantage fund is basically for children. It includes so many plans for insuring children’s future. Parents can invest in this fund for the higher studies of their children. The main object of this fund is to make money for the children’s higher education by investing small amounts in the account which is created for their children. We can also invest these funds in share market at 70% to 100%. Deposits in shares and debts are arranged, based on the position of share market. Investment will be 100% at the time when the market is in suitable position. At present UTI CCP advantage fund invested 84% of total asset in share market. It is basically an open ended fund so account can withdraw at any time. The fund exit load is basically 4% when account closes after one year from the date of investment. If it make after three years the fund exit load will be 3%. If it will be take place after five years, then the fund exit load will be 1%. After five years drawings have no fund exit load. From the last five years the fund achieved a profit of 10.40%.
