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ICICI Prudential Children's Fund
ICICI Prudential Children's Fund (erstwhile ICICI Prudential Child Care Fund (Gift Plan) is a problem-solving plan offered by ICICI Prudential Mutual Fund for creating a corpus for future use by the child. Introduced in the month of August 2001, with a 1-year return rate of -2.96%, the fund manages an asset base of ₹1,435.83 crore.
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Highlights of ICICI Prudential Children's Fund
- Long Track Record: The fund has run for over 25 years since its August 2001 launch, giving it one of the longest histories in the children's fund category.
- No Exit Load: The scheme currently carries no exit load. ICICI Prudential announced two changes to its exit load structure in July 2026, so investors should confirm the current position before redeeming.
- Hybrid Structure: The scheme invests 65% to 100% in equity and up to 35% in debt and money market instruments. This gives it an equity tilt while retaining some debt cushion.
- Recent Sector Exits: The fund sold out of Technology and Communication entirely during August 2026, exiting HCL Technologies, Infosys and Bharti Airtel. Neither sector appears in the current portfolio.
- Low SIP Entry: The regular plan accepts SIP contributions from ₹100, which is among the lowest entry points in the children's gift fund category.
Key Information About ICICI Prudential Children's Fund
| Detail | Information |
| Fund House | ICICI Prudential Mutual Fund |
| Date of Launch | 31 August 2001 |
| Fund Age | Over 24 years |
| Total AUM | ₹1,435.83 Cr |
| Fund Category | Solution Oriented - Children’s Fund |
| NAV of the Fund | ₹323.75 (as of 22-Sep-2026) |
| Benchmark | Crisil Balanced Fund Aggressive Index |
| Min. Investment (Lumpsum) | ₹5,000 |
| Expense Ratio | 3.02% |
| Exit Load | Nil |
| Sharpe Ratio | 1.73 |
| Plan Type | Regular |
| Risk Level | Very High |
| ISIN | INF109K01605 |
| Investment Objective | To generate capital appreciation by creating a portfolio that is invested in equity and related securities and debt and money market instruments. |
Performance of ICICI Prudential Children's Fund
| Period | 1Y | 3Y | 5Y | Since Inception |
| Fund Returns | -2.96% | 12.14% | 10.84% | 14.87% |
The one-year return of -2.96% is lower than the three-year and five-year average returns.
Asset Allocation of ICICI Prudential Children's Fund
The scheme mandate sets out a range rather than a fixed split, giving the fund managers room to adjust with market conditions.
| Asset Type | Value (Cr) | Allocation |
| Equity | ₹1,199.60 | 87.06% |
| Debt | ₹224.13 | 15.81% |
| Derivatives | ₹18.00 | 1.28% |
| Others | ₹18.09 | 1.29% |
The minimum 65% equity floor is what gives the fund its equity taxation treatment. It also means the scheme carries real market risk despite the very High risk label.
Top 10 Holdings of ICICI Prudential Children's Fund
| Company Name | Type | Invested Amount (Cr) | Portfolio Weight |
| Sun Pharmaceutical Industries | Equity, Healthcare | ₹90.67 | 6.40% |
| HDFC Bank | Equity, Financial | ₹79.80 | 5.63% |
| Reliance Industries | Equity, Energy | ₹77.63 | 5.48% |
| Atul Ltd. | Equity, Chemicals | ₹58.18 | 4.10% |
| TREPS | Reverse Repo | ₹56.54 | 3.99% |
| Vedanta | NCD | ₹55.30 | 3.90% |
| Bharti Airtel | Equity, Telecom | ₹46.30 | 3.27% |
| Bajaj Holdings | Equity, Financial | ₹45.59 | 3.22% |
| ITC Ltd. | Equity, Consumer Staples | ₹43.04 | 3.04% |
| Kotak Mahindra Bank | Equity, Financial | ₹39.23 | 2.77% |
Holdings as on 30 June 2026. The top three holdings account for 17.51% of the portfolio.
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Sector Allocation of ICICI Prudential Children's Fund
| Sector | Allocation |
| Financial Services | 40.05% |
| Oil, Gas & Consumable Fuels | 9.49% |
| Chemicals | 8.17% |
| Capital Goods | 5.44% |
| Healthcare | 5.41% |
| Fast Moving Consumer Goods | 3.19% |
| Realty | 2.24% |
| Power | 1.58% |
| Automobiles and Auto Components | 0.99% |
| Construction Materials | 0.97% |
| Construction | 0.86% |
| Consumer Services | 0.62% |
| Consumer Durables | 0.31% |
Expense Ratio, Exit Load and Taxation
| Category | Details |
| Expense Ratio | 3.02% |
| Exit Load | Nil |
| Short Term Capital Gains (STCG) | Taxed at 20% if redeemed within 1 year |
| Long Term Capital Gains (LTCG) | Gains above ₹1.25 lakh in a financial year taxed at 12.5% after 1 year |
The 3.02% expense ratio deserves attention. On a ₹10 lakh corpus, that works out to roughly ₹30,200 a year in charges. Across a fifteen year holding period, the compounding effect of this cost makes a substantial dent in the final amount, particularly when the fund is already trailing its category on recent returns.
FAQs
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What is ICICI Prudential Children's Fund?
ICICI Prudential Children's Fund (erstwhile ICICI Prudential Child Care Fund (Gift Plan) is a solutions-based mutual fund scheme which aims at creating a fund for the future financial requirements of the child. The portfolio consists primarily of equity with a certain proportion of debt investments. -
Is there any guarantee of return in ICICI Prudential Children's Fund?
No. Returns depend on the performance of the scheme and may vary from year to year. The fund delivered -2.96% over one year, 12.14% over three years, 10.84% over five years, and 14.87% since inception. -
Can ICICI Prudential Children's Fund be used for education of a child?
It is a solution-based mutual fund scheme for long term needs of the children and can be taken into consideration for the purpose of higher education. Investors can also look at a child education plan and compare similar options based on their financial objectives and investment horizon for a child’s education. -
What should investors consider before investing?
Investors should weigh the 3.02% expense ratio, the tiered exit load, the heavy financial sector concentration and their own time horizon. Those seeking mutual fund options for children's goals can also explore a mutual fund child plan to compare available choices.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
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^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.