Question

    Which asset management company has launched Children’s

    Fund, a scheme which will invest in a mix of securities comprising equity, equity-related securities and debt instruments & will be locked-in for five years or till the child attains the age of majority, whichever is earlier?
    A Union Mutual Fund Correct Answer Incorrect Answer
    B HDFC Mutual Fund Correct Answer Incorrect Answer
    C Axis Mutual Fund Correct Answer Incorrect Answer
    D Bandhan Mutual Fund Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Union Asset Management Company has launched Children’s Fund, a scheme which will invest in a mix of securities comprising equity, equity-related securities and debt instruments. The investments will be locked-in for five years or till the child attains the age of majority, whichever is earlier.

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